The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-21
I1lOOK GLOOMY
Fin WALL STREET
.ssuhere Is One of Distrust
Z Result of Several Days
Unsettled Trading.
lI,cpS WERE BOOSTED BY
PROFESSIONAL OPERATORS
i Variance of Opinion as to
CauSeS for Present De-
pressed Market.

rU YORK. March 20.-The action
NJ stock market today was ac-
as demonstration Of the pro-
IL d;.sust OF values which has re"
IL from the smash in the securities
T., There was q violent rally at
at.et form the depression Of ycster-
and the fears. which were so
II Yesterday that some important
M was imminent as a consequence
stoek market slump, had sub
10 4 large extent. Little was
s. II Yesterdays S rumors. in fact.
Ihsrsme quickly obvious that the
ii which put UP prices was of a
l IN nrofessional character and that
NSeber prices were taken advan-
LSfior the free marketing of stocks,
law stocks this selling had the ap-
..r,s of forced liquidation. and 1t
,sten for granted that further clos
.at Of crippled accounts was IN pro
II II was not this, however, which
tho most dlscouraging effect on
L.lst;ve sentiment. Rather it WAS
oros,rstion of the demand at any
Enf prices thus far touched.
E. supos,tion was induced that buy
,t tho first declines, which was
butsd 10 so.called bargain hunters
wbieh would he presumably taken
Ia Inc market, was, in fact, designed
,Lir for profitable turn in the mar
81 II, first rebound from the VIC
!. asellncs. Dealings Of tins kind for
;vn account especially have proved
;.npointing and have come back upon
market in a volume almost equal
NJ purchases on the decline. More
il ibe demand at renewed declines
"a much less effective than upon
'I6rst downward plunge. The more
Iberate downward movement seems
Ie feared more than the panic break
/ ttc greater lack of rcsilency which
&ky show.
F6e mysteries of the sources OF enor-
IA ssles. aud the corresponding losses
~ are presumably from last week $
IA as elimination Of the preyl-
heavy decline, are not yet cleared
J. This helps 10 confuse the at.
lei explanation of the causes OF
! breed selling.
|ke grounds for tho present condr-
IN the world S financial markets
N fact not yet clearly understood.
A. mini in the situation which is out
tipl remain obscure. That the sit
IL is ont of joint makes the doubt
ihe causes more impressive III be-
I|rg caution and conservatism. Op,n-
are mixed as 10 the relative i'm
Is1ce to be allowed TO sundry fac
u the present situation including
ness of money in the strict sense
is worldwide and actual short
Of capital as distinguished from
NJ to meet huge demands for new
|hE, distrust on the part Of cap.
Of the credit OF the corporations
4 ask for new supplies, the part
ffd By the anii-corporation aglta-
in causing this distrust and the
\ played by the large output Of gold
IhslocatiDg previous relations III
Ie- interest rates and other stand
which form the basis for financial
commercial operations, in today's
ft there was. besides, some fear
fpecial developments overhang the
kst with which it would still have
Enfend in effecting any recovery.
peks which have lain dormant
Nugh all the disorder of the panic
Fd but which are nevertheless sub.
II 70 altered conditions of value and
Efsuis, were under observation dur.
'he day. Explosive possibilities
suspected in at least one such
II. The suspicion was factor in
Inniettlement which still hung about
market. The money market CON
"a to work easier. but the passing
Apnl first settlements both here
aproad is somewhat dreaded, Stcr-
eAchangc continued TO decline,
aening the apparent profit ON the
|gement oil gold abroad for import.
sAtreme fluctuations following 10
IsePtu oil reaction were wide, but
Lps net changes on some of the
lions ''' ~ ''"''i
aas we're irregular. Total sales.
I'alue, 5000. 900,
'led States bonds were unchanged