The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-15
RISING PRICES
FAILED TO HOLD
Those Who Bought WedneS-
day Sold Yesterday and
PoCketed Difference.
WALL STREET IN DUMPS
EVEN THE coPPERs PROVED a
DISAPPOINTMENT.
WALL STREET IN DUMPS

N..,- Work Fcb. 1i.-Ycs'eriay's prom
,,o NJ rising prices for stocks was not
h,id todav and the failure OF the effort
=, mn rrices v5s followed ~ q reac-
e., News had little 20 10 apparently
with the action Of the market. The de-
.,sivs influence was the perception that
-, innrovcd demand melted by yester-
d,,.,s ENCOURAGING action of the market
r,oe be.ng taken advantage Of to real
10 upon the part Of the purchasers of
,.sstordav. The professional traders ac-
c,oted this as ana Indication that yes
t.rdav'7 operations were designed fer a
short turn on the market. When this
realizing was noticed they offered prices
down. with the ready odaptability OF
that class 10 the most available move
meut Of prices. Tie early buying which
bplred 10 improve the early realizing was
brought about by short accounts.
The action of the COppers was particu-
IarIv disappointing 20 the speculative ele-
ment as hopes had been formed of a
boom I'M that section OF the market i'm
response to the conditions i'm the metal
market Anaconda gave quick evidence
of pressure to realize. and Amalgamated
Copper was also under pressure. One
prospect OF a leadership i'm the specula-
the advance was thus lost
The Hartman dividend meetings were
also lacking I'm speculative material be-
ing confined TO the regular dividend dec
i1ratons on Union Pacific and Southern
Pacific. Assertions for some time past
that the Southern Pacific dividend was
90 be- raised have received no authOri-
tdtive cOuntenancc. But there was evil
IDENTIFY remnant OF speculative hope that
the meetings might offer some such cleo
Frf afcr a los
dividend meeting last August. when the
Union Pacific dividend rate jumped from
90 l0 per cent and the Southern Pa
dfc iuaugurated a per cent rate.
Wall street has made much market
wise for many days now of a suppOsitiOn
that the attitude of the Washington adj
miniStratiOn towards combinations OF
capital was to undergo "A revision. Visits
to the White House OF capitalists active
in the financial world have given ris,
to these cOnjeCtures Of treaty. To-day
there was rather notable concurrence
in the substance Of several news dispatch
IS from Washington this subject. which
pointed 10 information from first hanC
sources and which rather belied the as
of a change In the administra
ions attitude. Some effect was produced
Iu speculative sentiment by the revision
hus forced OF AN impression built upon
rumOrs.
Money worked easier at first both for
call and time loans. and no effect was
apparent from the return tomorrow of
Gs0oaU of government deposits. The con-
Niclion was held in some quarters that
the withdrawal of this money would be
postponed. but no official announcement
from Washington appeared as the basis
for the assumption. Another 5000. O0C
note issue. this time by an industrial COR
poraton the Lackawanna Steel company
couSed some recurrence OF the unfavOr-
able impression due To- these issues. The
shorts caused d brief rally when they
Gov cred 10 take profits, hat the closing
tone was weak
Bonds were heavy. Total sales, par
value S.650O0
United States * end old Is advanced
"a per cent on call