The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-03
[I[R|NG TONE TO
STOCK MARKET
IN, Of Too Rapid Recovery
|Insr Depression, Becom-
4 ing Apparent.
RIpISG LAPSEs INTO
/ PROFESSIONAL CHANNELS
N, Between Roosevelt and
4 hartman Has Effect on
Stocks.

= YORK. April 2.-The stock mar
w 'a,erted today by the pace at
~ rocovery has been going from
tue depression of the first part
e'r.st disposition TO take protits
>k H.; ON the considerable recov-
4 rn TN has occurred co,ncident with
va incljnation to buy stocks. The
s.ssn measures which have been ap-
-, several days past were not
uIihdrawn. however. and the
iI.,"e was hating and Irregular
..t Of prices which testified TO
EsI,, ~ forces In the market, The
q. o.l ,slansed more and more into pro-
c.-,l hands, and the quotations IN
~ In dullness 49,
rsasures OF support in the mar
rsrs particularly effective agalnst.
4 -ayorabIe influence of the fau OF
J. Of Americans In London before
= hogan here. The prices made
saon early today, after n triple
~ we're much higher than where
y, m on Thursday. and the tone
ras drnn. These carly prices in
y, Nere regarded as largely nom
VA The support in the local market
~ M difficulty in bringing quota
-sll over last nights level. The
-,..ha strength Of few stocks had
:. s,mpatbetlc influence on this re-
N, Was from this restored level of
4 -a,ket that the movement became
Ll,J.r and uncertain again. There
"a Immediate development in affairs
.rcrnt for this action, and II was at
IA largely TO technical causes.
q. large covering operations by the
z, ,srty for several davs past have
a n reduce greatly the outstanding
= Interest In the market. which de-
rs ,he market Of a potential demand
arng,h. Buyers during the depres-
sppsared as sellers TO take profits.
Z, Attention was paid to the course
. ~ news from Washington, and some
"A Il the hesviness In the Hartman
[is xss attributed 10 the sentimental
IA a the position OF antaSonism be
..s ths President and the head OF that
r. revealed by publications during
4 asy The professed confidence of a
M IN the speculation yesterday, that
. presdents utterancc on Government
q toward railroads would abate all
"a on the subject in financial mar
4 vas not so active a factor in the
|sIsn.
IN NOS, notable developments of the
4 gue in the money markets. The
.r,,Ion there was marked and prac-
~ universal both here and abroad.
I Lndon the private discount rate
- 10 below the bank rate for the
i tine in many weeks. New York
|6pn secured 81 100000 Of gold In
IA without bidding higher than the
|raIlng rate, The effect was pro-
~. however. on the sterling eX-
"a. market here, which rebounded
|Elly. Sales OF securities here for
#p account added TO the demand for
EE exchange. The funds offering
|tls loans were notably increased and
| + per cent rate was quoted for all
20. Borrowers were little inclined
! arlcy time loans. with call loans
! Fielding TO almost nominal figures.
,. conditions helped 10 the later re-
- In stocks. Very confident predlc-
= hat the Atchison dividend rate
~ he raised 10 6 per cent tomorrow
II q the price Of that stock. The days
Z tanges showed declines predomi-
tf and the closing OF the market
Z zther heavy,
tcds we're more benefited by the ris-
rcncy market than stocks, and there
IN appearance OF considerable alb
On. demand at rising prices.
yea sales. par value, 81 012. 900.
NED States bonds were unchanged