The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-07
uIative Element Is Aug
|pted by Many New Fac
tors in Trading.
IN AS INDICATION
b IMPROVED CONDITIONS
BssionalS, However, Are
|iek to Take Profits and
\ Keep Eyes Open.

Ia YORK. Nov. 6.-The specula-
~ovement in stocks entered on
.ud broader phase today in the
into the buying movement of ad'
Iii forces from widely scattered
\ The older leaders of the specu-
vere prompt to perceive this de,
<snf and to take advantage Of it
.nipulative devices TO help on the
res in prices. The advance was.
Ia an attraction to the somewhat
IA operatious of the new partic-
= who were apparently of the
hat would have withdrawn or
IA Il prices had moved downward
|H Of upward.
nrospect of danger contained in
Ia Of movement is perfectly we'll
&izsd BY the practiced professional
]|ory in stocks. and this class to-
Ia attentive for signs Of reaction
s. market and prompt to digest
frequently in the course Of the
n was indicative of the extent
be force of the new buying move.
that these sales were absorbed
+itbout great impressions on prices.
lions of this character, however,
ueDf passing of stock holdings from
~ 10 weaker hands, which always
= In growing vulnerability of the
n 10 attack and to the attraction
1eh an attack for the stronger
I|sHye element after it has dis
/ Of its holdings.
buying orders today through
1|6sion houses was on much en-
Y scale and they seemed to come
widely separated sources, al.
II for the most part from the spec
n centers. Boston was much i'm
1d With the promise of the copper
~ and, together with large blocks
Dcks in that group. sent excited
b Of the volume OF the new buy
\ copper and the rapid advance
price Of that metal which was
npathy- Philadelphia and Pitts
/ as usual, paid close attention to
6pments in the iron and steel
and the heavy orders for United
Steel, for the shares OF the minor
rocks and for their equipment
MICS and electrical equipment
Inies which are correspopdinglv in
"a. were attributed to those
y TO, an important extent. What
nlled western wire houses re-
cllentage even more scattered
fhout the west and southwest. The
\ interest shown by these buyers
n the industrials, also, although
ID for stocks of railroads, with
conditions they are familiar,
teelf felt.
atoms for foreign accounts were
but influences from that side
R cheerful effect on the specula-
The speculation was dominated
'further by the considerations
}ng from the passing of the elec-
Several incidents served as a
pent to this. 4 notable iuhu-
Fas attributed to the remarks Of
TAFT to the Commercial club of
1ati In the assurances of non
renee from the federal govern
nth all business and corporate
1ses that serves the law. although
Eurance was coupled with impress
|1monition OF an enforcement Of
Ne against dishonest methods.
<ffeet FASTENED to arroGate to
promise of exemption in these
! incoming rush for stock orde.s
}garded confidentally as n herald
ing developments in the indus
u the country. The soothing of
1cfton between France and Ger.
vas the cause of some relief and
aement of the strike in the Lans
I cotton mills was another help
ctor from abroad. Yesterday's
1ividend declaration on Northern
had its consequence in revived
OF other intended distributions.
we're without confirmation. 1t is
ant that a review Of the most
parallels TO today's large deal.
mos them occurring on DAYS of
4 Qecl'pes In prices. The largest
usiness previous to today for the
q year was on September %, when
broke violently following the
election on sales of l,l26,000
The largest davis business dur
pnnlc last fall was on OCTOBER
pen l,363.392 shares were re-,
\, The record sales Of 1907 were
lq shares. on March ID, ia the
'atlon of what was called the
nor millionairos' panic.
Es squirt of 1874 900 shares
me largest sharI expansion that
cured on rising quotations since
~ of the abortjve speculation on
'Ezsase IN lh Hartman dividends,
nfket's iHtious activity was nam
70 the last and prices were stlll
upward. although with some
klIom rc.lizing salps 20 ccrtnin