The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-11
JsIl Street Stock Market Fails
TO Show Signs of Sub
stantial Support.
"a REAL BUYERS OR
SELLERS AT PRESENT
a,risiOn of Commission to Com
peI Hartman TO Answer
of Sinister Import.

| NEW YORK, April lO.-The narrow
|r,sessional limitations of the present
/ ak market continued much in evi.
Ia,ee today. The inconsistent course
N tbe price movement was accepted rs
Iysrting nothing more than the shift.
n, sentiments Of the professional
1aes seeking to scalp a profit. The
,rkst seemed to be equally free from
Ietr buying or selling transactions
LA substantial character With no
slpg pressure on the market, the room
I-;lsrs found it easy to advance prices
Is result Of their own limited buy.
u and bidding up, but the futiliiy of
IN, process was demonstrated when
] hs7 attempted TO rc-scale to take pro.
Ia The buying demand being as tor
/ IA as the selling pressure, the profits
/ hing simply resulted in prices retrac-
! u the previous course.
There was not much news TO account
| n the day. s movements. The spirit
| caution reflected in the diminishing
|r.iyity of the market is gcneraly at
nbued TO n dIstrust Of the perma-
/ iece or genuincness Of the present ex-
sing conditions in The money market.
4. imposition on this point is due
1 b certain discrepancies in the rates
/ Ihrged for money. The present ease
ntcs for call loans at the stock cx-
] hinge, and for time loans in Wall
sts,. obviously are not affecting the
| aiss paid by railroads for accommo.
/ iiilon on large scale. Last week g
/ |mmple Of the Erie rate issue was sup
|jsnented by the scale, announced TO-
|hy. of $780, 900 OF three-year five per
s'si notes by the Wabash. The terms
l7ue NOT officially announced, but were
lBiestood to represent little rclaxa-
% from the rates recently in force
such foatations. 1t is pointed out,
F. that banks are glad to purchase
highest grade of mercantile paper
~ per cent or above. thus serving
pve fictitious appearance to the
T. money rates.
The financial district is full of re-
f1s Of renewed negotiation for term
Ircwing by railroads and corpora.
rs and this gives the impression
waiting demand exists for all
plsble credits. which may prevent
~ effective relaxation III The money
lz'sst Much Importance has been
rhed IN anticipation to the Govern.
III crop report. 10 be published TO.
as giving the first official estimate
he condition of the winter wheat
' The report proved highly promis.
except for the region immediately
Esled by insect damage. But the
Enl market showed the effect Of fears
Fnmage wrought since the date OF
i,timates by the Government au.
nteS, and the stock market. in con-
Ftnee, derived no benefit from the
fsrsport.
ne determination of the Interstate
eherce commission 10 push the ex-
nation of f.. II. Hartman concern
tertain stock transactions by legal
sess is regarded as of sinister i'm
r' the securities market, owing to
Eicolectlon of the response Of the
nset to the last inquiry in that field.
hatp recession in the price of COP
at the metal exchange was feature
ae day. The day net changes
,e small; although prices were at one
!. considerably above, and then con-
fnoy below last night g closing.
aonlS were irregular. Total sales,
ralue SLIP 900.
vlIied States 2s advanced &c, and
WI rs "A per cent on call,