The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-01-24
lbs ATTACK
BY BEARS
Advantage of Continual
,ayy Selling to Beat
Down Prices.
I'D BY DISTRUST OF
,~ECENT UPWARD SPURTS
Vigorous Advances Serve
, Readiust Things at
the Close.

- YORK. jan. 2.-The mixed
81 ms OF new speculative Issues In
- ck market and tho heavy selling
- ize profits accrued went on SIDE
today I'm much tho samo way
-. several days past. But the
Is 10 realize 80 effcctually overbore
/: x buying MS 10 cause crumollns
4, Ne when tho bear traders per
- the tendency OF things they at-
"a The mnrket with & rcat vigor, md
a a4taidIng tactics caused an uncover
large stop loss orders placed by
H.tive holders below tho market
kSyr TINT conditions wcro becoming
Shie. with the reaching Of stop loss
declines became quite preclpitate
he tore more declslvely reactionary
for n long time past,
a }action Of tho merkot had TO do en-
n with the technical conditions.
little attention wss paid 10 any news
The enormous liquidation
- past few days. and especially that
f.sferdny. has resulted In large re-
.f,n OF the concentrated holdings OF
,Is IN the hands OF tho organized
4 With such skill tho feeling OF tho
81 IN q way TO saYo prices from
~ session OF the market was large
= yiyen 10 conjecture concerning
= entity OF individuals or parties who
,t1doing the principal selling. Conjec-
u1ointed pretty clearly 10 q uartcrs
~ have beon credited with operations
2R TO some OF the most notable ad-
= OF tho last few days IL was con-
therefore. that. purpose 10 sus-
t1ho market against selling TO take
re- was the motive or these advances
-, than any developments regarding
....olue OF tho properties.
clack OF any news OF such develop
~ aggravated the dlstrust in the
and fostered n conviction that
arlf tho upward spurts OF recent DAYS
- uc In effect TO the transfer through
1 narket OF stocks from ono hand 20
rtEher. OF which the total Issues
-fGn practical control already OF the
w ors
q , wns the growth Of sentiment sure
4 aroused at times OF reaction in
mock market, that the unvarying
,W OF prosperity. great as II mny be.
= Aen discounted sufficiently in tho
- sdvances already Effected. The Hd-
sotom T1llroad officials OF the easing
~ car situation gave somo impress
sI sM n lull In the course OF business
- lon. Tho uneeasonaply mild
~ Tr,r led TO suggestions OF damage to
's' liter wheat crop.
session OF the United Mine
81 convention kept nlive sollcitudc
10 labor outlook In the coal in
| Signs OF unsteadlness in the
market especially copper and lead.
i Open TO suspicion the very high
u 4 prices OF stocks OF companies
ted in those industries. An engage
pf 10000 or gold for shipment
sentine marked tho control OF a
lpply In this market for account
! Irdon.
o. rgn exchange. hCwcver, became
- and the rates for time loans were
y down. Notwithstanding The
~ during the latter part OF the day
n~ relief by the liquidation, and had
~.-5,1efit of the demand TO cover from
n'rt sellers on today's decline
;,,"-icrn !, Railway, Denver & Rio
= and Colorado Fuel helped the re-
Is BY, their vigorous advances. and
=. sing WAS frm and very active.
II - were easy. Total sales. par value.
1 10. United States old is advanced
v-cent on call