The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-01-05
STOCK PRICES
LIFTED 4 NOTCH
Whole List FayorahIy Affected
by More Confident Feeling
in Wall Street.
MONEY OUTLOOK is BETTER
UNION PACIFIC STRONG AND
ACTIVE.

Now York. Can. 4-Speculative senti-
mcnt, which las seemed TO be in a state
~ solution during the present week. was
pIecipitated into tangible form on the side
~ higher values today. Substantial adj
FoaccS resulted from the general disposi-
Ton 10 buy stocks. The demand was quite
varied and affected the list throuo-ilDlIf
although there was marked favor stls
SHOWN FOR stocks which long havo held
tne foremost place in market movements
a hesltaEng short interest, which has
Dee1 added 10 during tho week, encour-
aged by the lack OF response I'm the mar
kat 10 favorable DEVELOPMENTS. was Al i'm
portant element in the days buying.
tlc pronounced relaxation in the money
HiafEei was tho underlying ground for the
"aFeiee. fuHds on call were in apparent
ooundance ana the rate did not get over
. per cent, with the ruling rate for the
ticy below that The forces which have
ttOlgnt THIS condition about promise to
Ngntincc acti"c for some tine TO come
4ae consequence Was TO allay much of tie
"pirehension which has been felt that 40
+ctuel ease in the money market could be
t, ,.,..l upnn Tor the spring period, The
lnree Projects which have been under
tshen ana Tor Which IL IS important that
The market should show absorptivc power
are regarded as assurance of effective
leaqership in any market campaign
Fhe estimates OF the weeks currency
movement make it evident that a substa ~
,iai flow from the interior to New York
i mas set III and is likely TO be extended
Iequirements Sor movement of tho cron.
Jew YORK appears to have received In
the nclghbOrhoOd OF - 000On0 I'm cash dur-
ing the week. Side by side with the re-
lopse N the money market. there was q
- Neu demand Tor remittance abroad
'nrQugh the exchange market The facf
lh7t the rise 10 foreign exchange Dre-
ri'ded the idea Of an inward movement az
told caused no disappointment in view of
ne OBVIOUS tact that local resources were
Nnuroant to meet maturing obligations
abroad IL was inferred IN foreign cx-
en.nSe circles that measures were being
ttkeu 70 anticipate future Dsturitier ans
lsus 10 reduce the volume OF our obliva
uons 10 foreign markets for tie future.
nose developments Were Of decisive 81
lect on speculative sentiment.
Matters which have been -egarde1 lately
WIN concern were list sight OF OF To-
ncred. Union Pacific was one 81 tba
strongest and most active stocks on The
nst' N spite Of the beginning Of the I'M
Quiry by the interstate soDln,e-,.o 49,,
mission into the relations of the Harrin,an
properties WIN view to discover possible
cOutilct with the law. There was an ag-
ereSSiNe recovery ia the Hin stocks a.
though tho nostDonemcnt OF the CLOSING of
me BOOKS Tor subscriptions 80 the row
lock ISSUE was with the reality of the
obstacle TO the new issue Of tho rex-
Ftste OF Minnesota's legal process -r1o
i'rge gains IN the net earnings az the
Solthcfn Pacific and the Union pocific
Ior November helned these stocks. other
iaiiroad reports showed by contrast the
sefefe effect on net earnings OF fine
Efow,h or 1Derfting expenses. No diffi
tNily was round IN absorbing the sales 10
'~Ne prolits on the day ard the closing
to"c was buo~ant and verv active.
be~'s WGfe firm. Total sales par VAL
nitad states bonds were unchanged on
call