The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-27
HARD MOVEMENT
h STOCK MARKET
Late Reversal of Sentiment
e,IIsTs Heavy Depression
of Monday.
.oc pit TO R0UT AND
! RrLLS HAVE THEIR DAY
|..,upnt Assistance for the
|.s,y Market Chief Factor
IN Sudden Change.

YORK March Ca complete
= sentiment from the depression
..,day marked today's trading IN
W market. Although London
. ,over this morning, the New
1res 1e,s aoon after the opening
scb stronger tone than Tor
~ as, and quotations were ad-
t'ns t'nsprnIv p1II on very heavy buying.
hah haaan 10 retreat on rumors
.zls Government assistance Tor
nnae' market was imminent and
resn formal announcement came
me Atnpfon that such assistance
Ivan the shorts began to Gov
'r outstanding contracts AZ
m'i ,ir,e there was renewal OF
- tar Investment. The result was.
"a MN 10 prices that was almost
.'1orsi .,I as was the sharp decline
<fsrday. a., ,a ovci,od ss tho
1srS, 1ls IN cover and before noon
ceiling at from 1 10 S points
,s,r the low points of the carrier
r,sryinE the upward movement
~ ously-circulated rumor
~ sronno,,s pool had been formed
srsatest banking houses In wall
= support prices. This report,
,,ssed confirmation aud which WAS
4, ssnrecated by conservative broK-
ANS made IL appear that 500, uUu,-
"A tssn subscribed by barking IN
/. N buy stocks with the object OF
stop 10 the recent declines,
=, whatever developed 10 give SUP"
--,o Ills story but II wos not Win"
~, on the trading. except Tor oc-
N recesslons. due 10 proht-ta taxing,
s,ong lone continued 10 the close ana
1ra prices throughout the list were
..hlan,ial advances from yesterday
q quotations s.,,,o
"A ihs market with the beginning
5salInps and centered q particular
-7rs attack upon the coppers, The
X "a the markets, both for copper
|th IN London suggested n repitt-
"A restsrdsy's success In breaking
-,iss Of these stocks. In seeking TO
I. sayan,age OF this opening break
.,aru the stocks they needed. it was
-,s 10 the bears that stocks offering
4 q stantier supply than yesterday
fst they were meeting with addi-
4 coupetltion in the buying. II was
. t,lIur OF the market, perceptible
N skilled sense OF the professional
"a. Which was the decisive factor In
Y prces upwards and starting The
X % cover by the bears. News 10
a for the turn was lacking when
..zrsd. although some of the day s
4 #hytlopnenis gave ground for sooth-
. = fears of spectators. The most
ID factor In the improvement vas
. &sk 10 the fall in prices itself, The
fsared and which were prompting
1iscrlminate selling OF late were
d be brought about by the very
y the fall in prices Itself, If from
.r cause 1t was the understand
the danger OF these forces OF ac-
Ed reaction. which might be set
IN the market. that probably
t& the more aggressive measures
-pon which were undoubtedly ex-
iodsy
<pH Of the plans aud resources OF
,gsnlzRtion OF support reached eN-
1lsd proportions in the same way
rlrors OF the trouble were eXag"
~ while prices were declining. The
dsa OF the presence of protective
d the market. however. had much
with checking the Generalization
t11lng the shorts 10 cover The un-
rttd condition of foreign markets
10 spite yesterdays wild market
a y spite OF Yesterdays wild market
iurther fall In prices. London's S
NC In The successful completion of
eetk market settlement without
'lpls consequences was reported to
nnpalred. Berlin also was said to
nuhed that arrangements had
L. q 10
' isiilsments
s announced during the course of
Rox exchange session that the
~ Department had determined 10
sls'OO0,000 OF the customs revep-
New York banks as we'll as tc
april interest on the . per cent
Pr cent bonds of 1907. The total
y Of ,nteres, during April on those
would amount 10 upwards OF 81,
Al the same time reports re-
ION Washington showed that the
- oner to accept savings bant
ssn' bonds 10 secure deposits IL
A N substitution for Government
IsVi, which should be offereG
rnptlon under the treasury's pro,
as having a decidedly stimulating
sion the Offering Of these bond'
-,niptlon. One notable effect o
..i'ei measures for the money mar
rebound In the foreign ex
naIEet which had shown furthe
nnss from yeste rday's low level
,usne advances reached to owe,
rs.l 10 most OF tho Hartman ant
n., 10 or over In st. Faul
=" racine and Smelling, to 81 t,
sna Loulsyille & Nashville anc
> ,t.a,n tn large number OF the mos
- SLns. Nh The extreme gains wer'
ssa and The closing tone Of th'
was rather irregular.
on, rere distinctly weak IN spite %
~ Stocks and n large volume O
"se zone upon the bond divi
t,tS odn market. Total sales. par val
> 'ates bonds were unchsnge,