The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-01-20
MARKET SHOWS
| GREAT BREADTH
More Variety in Stocks Dealt
in Than Has Been the
Rule.
READING CONSPICUOUS
FEATURE OF TRADING
Jump in Anaconda Accompanied
by Rumor of Corner on
Stock.

NEW YORK. Jan. ls-The market
Showed moro breadth and variety today
than at any time during the currehI
lspeculatlon. The aggregate dealings iell
short of what would be supposed from
THE constant activity OF the dealings,
owing TO the fact that there was less
4 congestion in the great market leaders
than Ia the case on some occasions OF
great speculative animation.
4 very largo number OF separate is
sues which go to mako up the total OF
todays dealings are dealt In in small
lots and show legs inertia than tho great
4 railroad and Industrial corporations. OF
; which tho floating supply nccessitates
4 enormous transactions before an impress
sIon Is made on prices A number OF the
prominent standard stocks made con-
spicuous movements. however, during the
l dny and the whole level OF the market
was lifted pretty uniformly.
There were some laggards In the move
ment and the volatile upshoots at other
points varied widely from the average
vanclng tendency was conspicuous;
Points OF strength constantly developed
without any regard 10 the realizing IN
progress at other points which caused
some irreg1Ilarity In the price movement
at different times There was little news
10 account for the action OF the market,
but II was broadly based on the heavy
Increase In the money market supplies
by reason OF the great accumulation OF
cash resources at New York now In
progress,
movement gave promise that tomorrow's
bank statement Will disclose a cash gain
which Will compare favorable with last
weeks great increase. Sub-treaSury op-
erations alone hRvo yielded to tho banks
upward Of $4,000 900. Estimates of tho
movement by express to and from tho
Interior nrc more elastic, but the state
ments furnished by tho banks themselves
Indicate that. nfter allowing for tho ship
ment OF 100000 In gold to Mexico. the
movement to New York on balance viii
hn We "a 90 In aeh IN
/ whore from 100000 TO Sl1. 10000. This
estimate covers the operations up to
Thursday night only and those for
another day both on sub-treasury opera
-ltions and on the express movement Will
-ihgurc In tho weeks bank statement
y The discount rate In London yielded
-1lraction today and the further rise in tho
lsterling exchange at continental points
I tnnsrlled tho further relaxation of the con-
-dition AT London. This development
-reemed to relieve apprehension Of any
seiHn sources. The moderate flrmncss in
<the foreign exchange market here
~strengthened this probability.
-, The most conspicuous feature I'm to-
Sfays market was Reading. which re-
,sponded violently TO resumption of
operations by the pool In the stock which
which was widely exceeded by today's
n The jump In Anaconda was accom-
panied by rumor of the practical corner
with the present controlling interest
E-Amalgamated Copper made Il brisk
lcovcry from the late drop yesterday
uwhlch was alleged to be due to disap-
llpointment over tho amount OF the in
c.easc I'm tho dividend rate. The further
Edecllne in the quotation for the metal on
7 the copper exchange and the sharp drop
In the London copper market did not af-
,,fect the recovery in Amalgamated Cop
hper
4 Tho demand became furiousy active AZ
Ter the proflt-taking OF the final hour
lnnd the closing tone was extremely
'rbuoyant at the top level.
y Bonds were firm. Total sales. par val
tuc. s., 100, COO
United States bonds were unchanged on
I call