The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-06
OUTLOOK SEEMS
MUCH BRIGHTER
Less Depressed Feeling Among
the Professional Operators
in Wall Street.
GENERAL MARKET STRONG
STORM KEPT BROKERS AWAY
FROM EXCHANGE.
GENERAL MARKET STRONG

New York. Feb. 5.-There were symp-
SONS OF Improvement in the tone Of the
stock market today. and. either as a
cause or result Of this showing OF the
market. speculative sentiment among the
habitual operators in stocks was less
depressed. The reservation with which
this brighter sentiment Is accepted IS due
20 the conflict with usual precedents in
the present action Of the market as pre-
lude 70 an extended recovery. Prices have
gone down steadily without material rally
since the first OF the year and with grad
ual growth OF resistance and a lapse into
dullness Usually the progress of de
cline occurs at a stage where the taking
OF margins. the covering of stop loss or
dCrs Of urgent selling and violent break
IN prices. which watchful professional OPP
b orators on the short side take advantage
Of to buy 70 cover their short contracts.
thus causing an equally sudden rally. IL
} Is after this sequence OF events that the
period Of dlrllness and waiting is expected,
which preclude the shaping Of the mar
ket for a new movement in either direc-
ton.
! There has been no such eliminating
break in the recent market following the
steady, although at times rapid decline,
and there has been no violent rally to In
dictate the effectual conclusion of the
speculative campaign Of the bears The
attitude maintained by the professional
trading element towards the evidence OF
Improvement in the market is based on
TINS theory OF I1dIhtl movements. l mere
have been symptoms of belated liquida-
tion In the market yesterday and today
IN SPECIAL stocks. which help to keep alive
the misgivings that important selling of
stocks remains to be effected. II occurred
in Great Northern today and weakened
that stock materially i'm spite Of the
stronger tendency of the general market
The special depression of Pennsylvania
yesterday was explained by the news this
morning OF differences over q demand
for wage increases from the trainmen
east of Pittsburg.
The most important element of the i'm
provement in the tone of the market Is
the evidence Of revival of Investment
demands. This is especially conspicuous
in the buying outright Of stocks i'm small
parcels for the investment yield The
matter was brought 10 the attention of
the traders by the action of the stock
exchange authorities la ordering the re-
sumption OF the printing of transa ctions
in odd lots on the tape. This practice
was abandoned at the time of furious
speculative activity. when II was a ply
steal impossibility to record all the trans
actions.
Foreign opinion towards American So.
curities is being extensively canvasSed
and enough OF n favorable tenor is ellie
tied 10 suggest the possible growth Of Il
foreign demand for American securities
10 follow the present acceptance for por.
tiOns Of recent railroad note issues The
dizziness Of the trading was due to tn,
large list OF absenteeS due to the storm
interruption Of traffic
Bonds We're steady. Total sales par
value. 81. 100000.
United States bonds were steady.