The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-01-16
STOCK PRICES
AGAIN LIFTED
labOrlouS Effort of Wall Street
Spectators to Stimulate
the Market.
LATE IN THE DAY
NOT ALL THE DAYS GAINS WAS
LOST.

NeW York. Jan. l5.-Stocils were lifted
TO higher level today in much the same
iaDorlous manner as for several davs
past but the later reaction was more
moderate, and left something of the DAVIS
gains. Conditions were not much
changed from those ruling for eon,ati,,.,
past and much the same factors 3, az
trading. The feeling .oN,ard evta,st,.e
new stock issues was shown in IN, 49,
sure To sell Chicago ana Nortbtl.eeL1.,.,,
Mnlcn caused the acute depression I'm
Inc rally in the stock after the official
,,e 49, 1s OF the proposed stock is
SuS was due rather to the p,odarat e
dihouhI OF The new capital than tn an.
chanSe IN the prevailing opinion +oJra rds
Ime tendency TO dilute capital of railroads
ny CHehty -ilVe per cent of outstanding
Sdplldl winch is 10 be offered 10 stoclr7
hoiders at par calls for somethinr -,
man Sz9,HAUD of The 500 OO0 000 u-bicI, Las
Deen authorized and compares y,;th i-,
t III IN - the last few days that an issue
up 10 SJoU0O,O60 was conternnIstad ri
stock sold at the lowest la IN ~ J ne
Inc general consideration of tbn er,15
lhouS capital requirements of tbo -
roauS was stimulated by the Dublished
49, -. u the letter J. j. Hill of the
treat Northern, to the governor Of Min
heSOta. containing the assertion ma IL
IdiFoauS OF the country would ,aed -
eNpend sl.1OO000.000 a year for fi,-.s -, -
~ CoI ne 10 supply facilities that WOuJd
meet the demands made unon then, r.
the present traffic seeking ser,,ico :,
erect on sentiment was caused h,, a.
PeFcepibIe pressure on AmaIeamatnd
GopPer IN spite of the talk of a probab HE
nv edse OF the dividend rate at the meet
ilS OF directors tomorrow and the CO..,
tlnued strength Of the conner nnarllet
headlng was strong feature in smile Of
reports OF the shutting down of several of
~ 0unieIles on account Of mild weather
ana light demand for anthracitA
Inc principal strength was shown. how
ever, by st. Paul and the Hartman
STOCKS. The downward course of inter
est rates continued in this market and
unere was a decline also in the discount
rate IN London today. The international
exchanges moved again I'm favor of Ion
oon' the rise in the sterling EXCHANGE
rate serving to quiet apprehension that
fafls might be disposed TO recall the
nedty credlts outstanding in London for
that account This country's agriculture
al exports for December as reported To-
DAY by the bureau of statistics at wash
lngton. failed to show the strength Of fine
lhternalonal exchange situation fully
maintained. Except for cotton tho nrin
cipal articles of export all show decrease
from the corresponding month of last
year the total decline in valuation reach
ing SlS,O2l, 221 Reports from some of the
lnter-money markets were of an easier
tendency, there as we'll as here. New,
York exchange at Chicago, however is
Inclined to recede and it is probable that
with the decline in the interest rate
mere there is some withdrawal of credits
placed by interior lenders
The gain of the banks in sub-treasurv
operations has reached over $500 600 since
the last bank statement and the govern
ment institution was again a heavy debtor
at the clearing house today. The renew
al of the liquidation in Chicago and
Northwestern was the principal fact in
the late reaction and the irregular clos
ing Of the market.
Bonds were heavy. Total sales (par
vaule) St6l4,O0.
L. S. bonds were unchanged on call.