The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-09
|l1LE REAL LIFE
||I STOCK MARKET.
|,diug Again Lapses Mostly
/ 4 I,to the Hands of PrOfes-
sionaI Operators.
|,nEY SITUATION IS.
/ STILL SOMEWHAT ACUTE
,duads Seeking to Borrow
Large Amounts Face
OnerOus Terms.

az YORK. April s.-The stock mar
Is.,red increasing Indications today
|..,ne into professional hands and
of the smaller class OF operators,
d ,,souent turns In the course OF
IA, the narrowness Of the fluctuations
I,,s notable shrinlSage in the aggre-
,,les for the day all pointed un-
E,tshly 10 the abstention from the
-, of any large and consistent class
~ VAS the response of the market
L.,,ber general note or warning from
"sJbe sources OF the rate and eN-
I'm which the rebound was running
=, ,he recent extreme depression. In
E-ney market situation particularly,
E.sxh the reality OF the relaxation
= sirlngency is not questioned on any
~ ,hpre Is inquiry as TO the adequacy
T, 4. relief 10 meet all the needs To be
=, terms 10 railroad corporations for
ling large amounts are still oner-
a * eyemplIfied I'm the terms OF sale
4 rds notes last week. Amy general
Lrnp,ion of the projects CT extension
4 ~ raIlroads is dependent on the
y, rates for money reaching to this
"a q borrowing. or 10 such revival Of
ID tfullnU lOE ilNh 'sllflNshl as "
|r5y a resort 10 that means OF
[,,dne the work Of betterments again.
Ia h the case OF subscriptions to capt.
4 isues already made, there is matter
. n, consideration Of future borrowers
|rgdsni upon money supplies.
fh,ys maturity Of four 10 per cent
|raHnents oil Great Northern stock
|-ras for 1924. 900. 600. directs attention TO
= renihly recurrence for some time 10
l,N, I lf
2shpiions. For Northern Pacific new
- inscriptions also there viii fall
= qusrterly installments OF l2A per cent
|fanins July l. each OF which will call
rore than sll 900. 900, while for ST.
his 500, 600. 900 OF new stock, Is per
=, q payable June / and 20 per cent
;rtE1snts on three half-ycarly periods
Ia that. with a final Is per cent TO be
y n March. 1909. In the meantime
.s note issues by corporations will
Ire which are expected TO call for
@Iiing with success dependent upon
'niyal OF the demand for bonds.
u l. 10 be noted OF the recent revival
! Y bond market that, besides the good
y 0, the easing OF the money market.
|rEhlng Is due 10 the demand by banks
hads made available to secure Gov
|etnt deposits under the new ruling Of
I Treasury department. and also TO the
lshI toward rclnyeStnentS against
t,Irment OF all but the $50, 600. 600
refunded of the outstanding Gov
|-sOt per cents OF 1907, The sterling
|anse market also. by its persistent
[zrtb here, in spite Of the decline In
tlN rates IN London, points TO the
|zsGitles Of unsatisfied money require
r. abroad. Brokerage houses today
I'D small yolnme OF orders for
n and carly attempts to advance
quite generally met with supplies
fss which turned the room traders
= Dear side of the market. The re-
Ls decline was incompletely recov-
h'eF, and the closing tone was
heavy. The narrow net changes
ynlhcant In themselves OF the pro-
l.il .-sil origin Of much of the days
y zone OF the bond market showed
lrariionary tendency from the re-
1Inorm strength Total sales, par
.,h States bonds were unchanged