The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-08
A CLOSES IN
/ QUIET MANNER
/ Market in Wall Street
d Sluggish, With
Small Sales.
BANK RESERVE
CUTS SOME FIGURE
cate Sales for the Week
Iced 100000 Shares;
Some Advance.

. xopK April 7.-Opening prices in
market today showed a slug
n,enf within the limits of q
4 F,rsc,,on in either direction, but
L. predominated. Transactions
4 a small scale.
IN prices were slightly better.
NsnositIon was manifested to fol-
,he advance and the ground was
Il. Pressure became decided in
lard IL o'clock, Reading and
|panc yielded % and Northwestern
srEst was practically idle until
|r-srance Of the bank statement.
sMsure or a deficit In the legal
ssnduoed only light selling and
a WIS arorded TO cneck the de-
'1,nIon Pacillc and Northern Ia
N IL, TO IN, Hooking Valley S11,
Sorfnern preferred IA, Colorado
Il and st. Paul, Illinois Central,
lated Copper and Smelling a
Interna tional Pump was marked
rs closing was Irregular.
"A hank statement showed the cash
Y a. the clearins-ho banks to be
4 hlow the legal requirement. The
n Was not surprise in view OF
~ OF the money market this week
j,fbe reports OF the known move
A money which made their ap-
- Yesterday The cash loss dis
\ iy The bank statement of 81. 904. 200
IA equal TO the minimum esti-
/. Al Yesterday The considerable
upans,on OF SI.25, 800 occasioned
2DTise-
= q. stock market of the week has
- tysdence OF important liQuida-
I,Hs was believed a very large
~ bss going on OF credits from
.1u 10 Interior and foreign lend
Ia stock market yielded ground
||5!y after the publication OF the
sllsment and from the vantage of
nrly advances The closing tone
|5sx1lar with evidence OF support
he banks showed a deficit In the
. Ii the week following that specu-
activity became most pronounced
stock exchange.
aggregate sales for the week rose
Z SDeC0 shares with advances of
4 to 3 points in such stocks as
Pacific. Great Northern preferred,
al and New York Central, in spite
continued strength in the money
which eliminated in the last
Z December In the increased
rate. The speculative contingent
-arket today were inclined TO make
u the analogy. There were many
cuyrent In the stock market also
b gold engagements for Import to
;ected next week, following ar
n London.
Ench countenance was given In
circles to the supposition of large
-pments 10 arrive In London or of
Fiihood OF securing large amounts
b York. Foreign exchange here
q today, although the Saturday
VAS nominal and the quoted rates
l1siderably above those of yester-
6oth Paris and Berlin are looked
3 active competitors for any gold
'h the London market. German
rssIan loans to the extent of slp.-
alt imminent. Estimates OF the
Mug Russian loan vary all the
Pm 500. 10000 to $500, ,0O0, 90 Loans
stock exchange made on Friday
Per until Monday. so that the call
4fket OF today was merely nomi-
offered no light on the probable
d next weeks money market
Hles of bonds, par value, Sl.1l5,-
or call has commanded "A higher
1tsrest at the stock exchange lhiS
an In any first week Of April In
-H thirty years past Tho result
( TO paralyse speculative activity
ceek market anG to thrill the spirit
-cA the week opened and carried
a sharp advance on larger
'eihess than had bcen done for
|steks past.
progressive suosidence Of activ-
es the following days the higher
Prices was Yielded only sic WY
:guarly and the speculative COM
= which had induced the r.Ge were
5sd with a show OF stubborn Ter
\ Inc strinSency In money has
= severity from day TO day, In
q gradually relaxing and bas
disappointed the calculations of
-t week. Interest and discussion
'<k have centered on the money
almost TO the exclusion of other
The immediate cause OF the
81 V clearly tracAarlc TO tho
'tmands upon the cash reserves of
~ Largo -emlttnnceS have teen
q from interior points end from
banking cente-s on the eastern
and Transfers nave been made
ne medium OF the sub-ircasuTy
.Hpress. Teley saphic transfers to
'eHciseo were recognized as a
W remittance 10 Japan of funds
government on deposit I'm SeG
'Ssustoms collections have teen
nave made the sub-treasa y re-
as on the New York banks.
Hmediate cash outgo from tho
~ Dcen large enough from these
" ueplete the meager margin on
Plus reserves and 80 exhnusL the
~ loanable funds. But deeper
fuses are sought for the scarcity
SUE funds and the rrIncipuI OF
= come TO be gene sally recognized
,neayy demands for new capital
~ ~ the last three months The
Il new issues OF bonds and stocks
une nave been The subject OF
observation and discussion.
~ was early produced on the
'aEet, which became torpid and
sn repletion. One effect of ihls
abrupt drop I'm the par value
sscurlties offered during March
~ ~, compared with 4 volume OF
" curing February. Another cf-
'he appearance In the market of
~ y snort-term notes by railroad
J n, ~ the high prevailing market
,aserest and secured by the newly
Z &" bonds as collateral The SIT
y the coal trade has also had Its
I;nYe nave been dull and heavy In
: sea - 3 states old IS declined y,