The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-23
|ROVED TONE IN
IE STOCK MARKET
/ of Events Indicates That
Illness in Wall Street Is
About to Pick Up.
|S ARE STILL SHORT
IND READY FOR BATTLE
Indicated by Rise in Prices
Out Almost No
offerings.

YORK, April 22.-Whilc the day
Hons on the Stock Exchange SEN
gere inclined to be largely IN pro-
Nh hands, advances in prices Were
sed as a reflection OF A real I'M
ant in sentiment toward the end.
,ume of the dealings was not no.
and business was unduly con-
Lin a few speculative favoritcs IN
he way as for some time past. The
in which prices rose also failed
conviction OF response TO oe-
inply TO secure additional hold
1.-The best possible terms. Ihe op-
FHcll of raising the level oil prices
Minus in some OF the most conSPic-
&ses.
Inc important feature OF the mar
las the rise, which, however
about, did not bring out
|ht offerings for sale, 1t rs tnis
. n of the market that causes un-
to the outstanding short inter-
| ia is admittedly still large, Inc
.,sition is based upon the usual
III Of a slow, sagging tendency of
liter the first rebound from such
4 fall as occurred last month, The
e OF this persistent short inter-
I<he market invites attack by an
n bull party in the speculation as
| 1.-The market is freed from actual
| on on advances.
was little 10 show absorption
syond the narrow professional I'M
|yl,ich Indicated news of events or
! of conditions. \ good effect was
sy the downward tendency OF time
+kates. which was looked upon as
I index of the real money situa-
m the deterioratius condition OF
IS. The large loan expansion oi
two weeks is not regarded as
'ldemand for credits in anything
Proportion OF the loan increase. as
+lfiue largely to transfer OF loans
lew York banks. which were pre-
rarrled by interior banks and
+smpanies. This course OF New
| ,nk loans is thus, In realty,
relaXaticu rather than OF suiten-
7cy markets, The same thing is
.-he remittance OF funds from Lon
. Paris. which represents a repay
n issues formerly published and
Id H., the present ease ol money
on. Discounts continued TO de-
.Nere today. and also in Berlin
k is reported that at this week
! X OF Germany, they will reduce
dal discount rate from the pre-
IL per cent rate.
Eat is taken, nevertheless. of con-
II causes in the expanding ten
New York bank loans. In each
wo weeks past syndicate opera
. are traceable sufficiently 10 ac-
Er very large proportion OF the
|rease In each instance. A buoy
+ket for copper securities in Lon
+ an advance in the quotation for
| al there were helpful factors In
S rise. An incident regarded as
+ Significance was the sale OF
:change seat at a price higher
preceding sale, the rule being
h,ng tendency for the seats when
.,aeed period OF staEnation i'll
believed to be imminent. Inter
Commission houses assert that a
fprabIe attitude toward American
A6 on the part of the foreigners
Yeernible with the relaxation In
Fmarlsets ab-oad. Recent crop
. reports apparently were regarded
nsle modification Of views in the
.Rarket and the forecasts OF rain
bWheat belt had some effect on
HAS n rule the last prices OF the
the highest.
n were firm. Total sales, par
| 49,, 900.
States bonds were unchanged