The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-28
||I7IIE MARk!! RkE!..
/ n WALL STREET.
,,,.p Stand Idly by and M Make
! lttsupt TO Check De-
cline in Prices.
|pIsIyG OF SHORTS ;5ni,lS, cr,o,s
BACK OF TRANSACTIONS
lila Influences on Money
NJ r,rkst Not Favorable at
Present Time.

-o,v NAV 21.-The combination
~ 'V ssaldstion and an almost utter
~ of demand for securities ac-
~ aha melting away OF prices
~ ~ market today. a striking
|t :, ,hs dnvs movement was the
|.It M i,sment In the trading ana
II eAossssvs ssvsrishness in the fiuc-
49, *. " artent OF the declines gave
- .,oess is and apprehension that
II ~ result, but the mood OF
|1->F svy .,,nn was rather one OF quiet
II 60 - observe than OF any marked
~, manifested ia usual ways.
|f'I.,,on came from time TO time
ID t.wa waves and blocks of stocks
s..s.Ds amounts were fed INTO tny
:, steadily declining prices, uhtll
=. =. .s,.rs were cleared up for r time,
..Ss rallies would result on snort
hr Inc room bears, who TOOK
retls at Intervals.
~ GA OF tho market that the de-
- ,ba bears TO cover short con-
.hool the only selling there was.
~ In nrices was not panicky or
- and the volume OF business re-
- lbs decline Is witness to the
- AZ buylng orders to meet the
Z. -slrh Was Effected. There was no
Tr attempt 10 support the prices,
y, INA ths market was left appar-
= = Am on the tide OF circumstances
- nj level of which new forces
u ,sr,ioo 10 set In motion some abb
4, rover. Here and there special
l. r, 2d nrHnylnT tnr
=, ssverc declines. But these op-
n raiher 10 aggravate the general
- lhan TO generate any new infiu-
4 4. ,4rls,ent downward tendency or
Its4lf helps to paralyze the de-
1 cslrg 10 the general doubt how
| rg proceed and tho desire of the
IL. 10 await the most advantageous
rtcy. l. is suspected that the
4. Eiit helps 10 aggravte the .strin-
4 the capital market as distin-
~ frcm the Immediate rates for
"A Future capital Issues promise In
"a sItension. and the Increasing in
rEiI offered 10 capital IN success
as.s whets the appetite for walt
l1,e advantages Meantime oblisa~
y irtady incurred 10 subscribe for
=; sluts muEt be met. and liuuida-
j 4 pHsr lssues on falling market
p Q Be the only recourse.
u xefe rscnrrent reports also to-
4 nsesssities growing out OF the
-tal o. A large stock exchange firm
I. attempted transfer of accounts
e.llS. which were forcing settle
~ le open market. The recurrence
I rather In the wheat belt awak-
Hftttd uneRsiness over the final
- u The years crops, Reports OF
y intAc officials showed some ex-
nG The zane spirit TO the general
- situation, with a resulting light
E5as movement. The influences
nrn we're unfavorable. a failure
Importance was reported in the
NcH market, and drop In cop
tkrden was hurtful, The demand
p h' goM was successful In secur-
: s,lal In London az the highest
ne year. Discounts also rose
out sterling exchange fell at
ta neld s,endy here. The result
@lgurst!on Of gold exports from
'H BY an engagement OF $500. 900
Xr1s1t tomorrow. with more i,
s.,r -sssusf ,Sle6llSI5.
"a money situation was uuaf-
ES ,ait development. The an
alsnlion OF the New York an
. Tocsed for the collection of
ues made the public utilities
,sSally weak. These. the smelt-
eysf stocks, the Paclficg. Read
G Inc Southern group. and
naive Efforts, are down from
points upon the day. Much
we're shown by some OF
r,-,i.n loeks. The closing tone
I t1s ~, ana uncertain, although not
Gfrt'ss. r's weak. Total sales, pal
sa1 s COUPON advanced T; per
'esslered I por cent on call.
NEE VHrir