The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-11
STOCKS
|DN|C FOR MARKET
..st Unprecedented Rise in
Il paciacs Excites Traders
and Causes Boom.
nRNOUS, CONFIDENT
4 ABSORPTION OF STOCKS
! Depression Followed by
Al Activity and Some Sen
sational Advances.

-, work.. Nov. 1o.-A very power
s,c was administered to tho stock
- today In the volatile rise In the
pacIfics. This movement, ,tor
za and volume OF dealings: recalled
se 80 NJ the speculative. eXeesSes OF
enyseedIng the advance In the Union
6c dividend from 8, per CENT 70 ~
~ and the initiation OF DIVIDENDS
Qe9s sn pacific at the rate of 8 per
Tha meeting OF tine directors OF
ss,rInsnies to act on the divideuds
~ gcT today, but was postponed
Srr,orroT. to give opportunity Tor
,sscs upon the funeral OF Vice
;ssas Cornish Of the Southern Pacific
4 flood OF rumors converged
* supposed intention OF this meet
n regard TO dividends and otner
.c|d projects.
n The past without confirmation
scant. last weeks extra distrlou-
- Northern Pacific, which was as
oaarnored and as often lacking. has
"A IA stir up anew the hopes OF the
stoo nj other similar rumors- The
'nsIs and confident absorption Of the
Esriran stocks today was taken
1Ffn6orafe the reports OF Important
MI developments. The most clearly
n Of the many runlors circulated
IA intended issue OF 81 per cent
4 cent preferred stock, which is sub
4 redemption at lis or 10 exchange
common stock. An advance In the
m rate on the common stock of
I esnf was an alleged accompaniment
'biT proposed financing. The large
'nrn Of Southern Pacific OF Union
ID In the treasury make clear the
rntase that would accrue to that
my from increased dividends on
.Aefp Pacific, and enlarged dividends
Inim Pacific were hastily assumed
htive confirmation of any OF these
<ou, but they were made the basis
many further conclusions affecting
6 stocks in which Union Pacific is a
g, Stocks In which the Hartman
.rtsf has been demonstrated moved up
1<]y from the forenoon depression
j The. Hartman Pacihcs began to
s early depression was unexplained by
EDn of the violation Of the antitrust
. b the American Tobacco company
assumed to be yesterday. The pur-
4 10 turn paper prouts into cash was
apparent In the rush 10 take ad-
1ge OF the high opening prices to
Ehich carried prices backward to the
1barhood OF last nights prices. Then
7s that the movement In the Harri-
came 10 the relief Of the support
q prices. Although the response was
1s IN the stocks with Hartman at
<pns, the sympathetic movement In
geueral list WAS constrained by
~ offerings 10 realize.
fsature OF the trading was a rum-
~ sensational advances In sDeclal-
International Harvester, for In
shot up l0a points over yester-
tell!ng price, to 66i. The stocks OF
mmpRuy were first listed on the
Exchange In June last. the common
'ng at o2 and rising in the course
month to b9b, the highest price
oed here today. Delaware. Lackn-
4 Western, by It's rise TO SIS.
qed iS record OF $50. touched In
lsO6. Some influence on the buy
We ascribed TO the denial Of the
4ument petition for a reheariug oi
qseslnn against the S29,000,000 fine
ny tne standard OIL company, An
nss ID the price OF copper at the
'1sM exchange and reports OF eX-
nuSlng among consumers was a
1c some extent The expected Har-
oeVelopmcnts was the dominant
aoe, however. Foreigners turned
aea,n With the favorable turn in
sn,1nel relations abroad. The days
Sssne movements, including a nna'
s mgVement, left some substantiaI
sapt, put the small net changes ir
:" Tue most important stocks is no.
0s Tsse irregular. Total sales, pal
III litd States Sc advanced / per cen