The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-14
RS ANXIOUS
||D SELLERS COY
/, ldrance in Prices Ap-
N; Little Stock Offered
for Sale.
DORMANT SECURITIES RILlI,s,n
ARE QUICKLY REVIVED
a Feeling Is That Era of
BlsiuesS Prosperity Is
al Hand.

o,u Nov, lS.-No apparent op-
.,.a Itself to the advance In
yxoept as bids were raised
"a 10 be no stock offered for
r,sre fact of the advancing ten
s,,css served to reduce the oner-
'',rs s retaining their stocks IN the
's,v,ction that they could just
= higher prices for them. Suen
wcre encountered were ao-
a. rsady confidence; or,
lhIsb have ioin dormant were
m,tting in bids at sradually
y gro,stions without bringing
,yasSs the result being some
a. adyanccs in the sale Prices
'ssaloe transactions, Sorne.i'nes
y 81 rnonths into the period oil de-
an fhis served to feed the specu"
..Msrsiasrr. ~ which was prevalent IN
7yrsa II was taken chiefly TO ad-
- and tho securing or fresh
,.<si, conduced to this end. NO
- features were dwelf upon TO
~ demand. There was tacit
s E ,hat FOR all to bug and for
u .uu wo,,d facilitate the desired
. NJ best effect -,
~ esch case to meet the buyer.
x no osteptatlon about seilinE'
q ovying vas done with enthusl-
; Ala palpable incitcmcnt To the
4 nriceg. The market, therefore.
siI he appearance Of an excited
.mens The general proposition
/, hy The enthusiasts was that Il
,$stcraiion OF prosperity was IN
IN prcspccts OF larger returns 70
. Ear ever before. a prolonged
s of huge sums OF capital from
"a and from any enjoyment OF
. t'sas pointed out, was bound to
Il to an thrush OF these funds
4 rsstoratiop OF confidence, which
,Iimulate highly all lines OF pro-
4 lod consumption. Details OF TINS
IA the stage Of progress yet
a d thc Improvement played small
4 a,e calcula tions, or absence OF
.|lcnx az did the extent TO which
ia prices has already discounted
-Fyyetnent
States Steel was made an OBJ
..tn for all followers OF the pres
&uhtIye spirit That stock forged
4 ID successive new record prices,
each stage o. its advance Of
/ an' additional profit TO any .pur-
II tzt had ever been made of the
/ 1|n6e the formation OF the conn
Il lls top figure Of osa represented n
j mo points over the closing price
.s1b which In turn showed 8 gain
/ M the closing OF the preceding
he expansion In valuation thus
||-i6d on the eve million and up
COMMON stock shares of The coz
y represented so potent force
#Flon ip the appetite Of capital
catlon and Investment as 10 fairly
~ the Imagination. 1t mad that
'13zy. and was the dominant fac
3 market OF the 1av's total sales
feks. reaching 1893. 100 shares.
United States Steel reached the
a s2Le00 shares- Simultaneous
ne opening were OF $1,000 shares.
E were numerous blocks OF be-
Q and 10000 shares recorded ON
throughout the dey, There were
Of that and other individual
q single brokers OF 10000 shares
t1d IN many cases during the
'e large proportion of the days $
nncentrated In that stock and
Pscldc and In Southern Pacific
1Ileanf OF Capitalization OF the
lns speculation. Yet the gen.
nd Tor stocks continued broad
sprsad ano left practically no
q ne list OF securities uneX-
9ineq runors were circulated OF
unprecedented volume by some
Eao6 Tor equipment and ma
u lumors regarding the IIarri-
ttte also had some revival. These
pstveE did not receive much
a.lon than did the marking down
.2Hrlons Tor copper at the New
i exchange or any other news
2 Color different from the pre-
euauve spirit In the stool,
re room traders caused slight
he bnal hour IN realizing
" plonts, but the advancing ten
rsus,hlned with remarka bile con.
sa tue Closing was very strong
.le strong and very active. The
were proba bly, the larg.
81 nnBle day IN the history oi
I5,000, '' s"ie' pal
SAts bonds were unchanged OF