The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-06
INWARD TENDENCY
| IN WALL STREET.
Great Improvement in Market,
With the Hartman Stocks
Particularly Strong.
LARGE INTERESTS AGAIN
ARE ENTERING THE ARENA
0nsrations for Advance Are
'lggressiveIy Pursued, and
Outlook Is Bright.

,rrur YORK. April 5.-Operations for
-, ,avance were aggressively pursued in
-. .,ook market today and wide addi-
,rr. were made to yesterdays gains in
sI..s No change In conditions from
r,.s of Yesterday were apparent beyond
., continuance OF the relaxing tendency
!. money, This was, in fact. regarded as
=. KEYNOTE OF the situation and gave
A.. ,mnetus TO the movement In stocks,
cnrmIssion houses reported general re-
s,r,l Of interest In tho market on the
an OF clients OF the speculative class.
!, element, regarded from the stock
r.rsst point OF view as making up the
,,nerd public. whose entry into the mar
r.. Is regarded always as marking an
,npo,tant stage in speculation. The ap-
,s,rance of this element was taken ad-
srsn,age Of as usual, for some heavy
nrodt taking on the part OF professional
lsmsnt. including boardroom traders and
iboss having FIRST access 10 the actual
ootrstons of the market.
The manner IN which this profit-taking
,rsln was absorbed proved impressive TO
,r,culatiye sentiment and was assumed
ID Indicate the reentry into the market
Il somo OF the large financial powers
shIch have led great speculative move
-rnts In the past The size OF Individual
transactions. the congestion of the deal
i.gs In a few special stocks and the SEN
rlIonal movements in such stocks gave
his Impression OF participation in the
d,alngs by organizations or individuals
possessed OF resources far beyond the
ordinary The action OF the market un-
dsr such forces takes on more or less
artificial character and reflects active
Sanipulation as genuine marketing of
fefurtles and is for that reason viewed
With some suspicion. ..,
Enormous operations centered In the
Hartman Pacifics and In Reading. sug-
r,sing the resumption Of market opera
lions BY forces which have been quiescent
IN the trading for a considerable time.
Southern Pacific shared fully In the
movement and Was regarded as giving
he motive for Il in it's extraordinary
slowing of net earnings for February,
7lblshed Yesterday 4 rebound in the
rnce o. copper in London was responded
20 by the rise In Analgamated Copper.
o. followed from their influence This
nede up market Of great variety and
!rQuent irregularity. the rise in fresh
iccks being taken advantage OF 10 mar
lei others. The prospect of very strong
lank statement tomorrow was an inhu-
as contributed to the banks since the
hst statement was compiled S12 us. 900.
md II IS believed these measures brought
itont the actual gain in cash for the
sets as the movement OF currency to
md from the interior seems about to
lave balanced. The easing OF the local
roney market has had the effect OF
tlseking the flow Of currency to this cen
r. and New York exchange at Chicago
ns fallen back TO par. IT was announced
o9ay also that all Of the gold engaged
London last Monday for shipment TO
ns point had been resold in that mar"
E. Another helpful factor in the
Strength OF the market was the settle
n.ni without strike Of the wage dis
PIE on Western railroads. 1t was Sig
Meant OF the changed attitude of the
gscuston that no account was taken
The increase in operating cost 10 the
hutoads involved in the advance in
slges granted In the settlement. The
nEe selling 70 take profits during the
cay was skilfully conducted. and the mar
M rl closed irregular and considerably be-
HE the best prices.
Bonds were strong. Total sales. par
wns f2942, 900.
United States bonds were unchanged
e call