The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-10-20
LACK OF INTEREST
IN STOCK MARKET
This Is Notable Feature of Con-
ditiOns Tuesday as Observed
by Experts.
NARROWING RESOURCES IN
FINANCIAL CIRCLES CAUSE
Few Points of Strength, With
Spectators Occupying Atti-
tude of Suspicion.

NEW YORK. oct. 19.-Thc notable tca-
turc OF today's stock market was the de-
crease OF speculative interest. Doubtless
the primary cause oi this is the narrow
ing resources of the money market. al
though the immediate tone of money Is
easier in New York than WAS The case
last week or the week before. Apparent
Is the speculative element is not SAN
guine in It's hope that this relief is 10 be
free from interruption between now and
the end OF tile year. The tone Of specu-
lation today was greatly unsettled, as
was witnessed by the unccaslnS and ir-
regular fluctuations OF prices London
a seller In this market. There WAS
selling on large scale from sources near
home and which proved cnlIghtcnlnG
as 10 the character OF some o! the pre-
cedinG buying which had been relied upon
rs coming from well informed and pow
erlui capitalists whose leadership II
might be assumed was safe To follow. In
some Of the ittalSing sales today
there WAS suspected Il closing out Of in
dvidual speculative accounts running up
10 the hundred thousands share mark of
purely professional kind. Operations on
that scale by board room traders created
- sentiment of distrust.
This feeling was emphasized by the ap-
proaCh OF The quarterly meeting ol lhe
United States steel corporation and the
doubt Of the Kind Oh stock market re-
SponSe which may he made 10 even the
most favorable outcome of that meeting,
in view of the price attitude OF the stock
and the lubiant assertions of coming
events that have accomplished ii. \ fcl-
tuVc al tho situation that aroused much
conjecture was The strength of the for
cign exchange market, which made a fur
thcr advance today, with the continued
demand for remittance. Special interest
attached 10 tho announcement OF the
ulacuG OF block OF st. Louis and san
Francisco rcfunding bonds with bankers
in Germany. Participation by foreign
crs in some OF the bond issues which are
III conlempla ton are relied upon TO take
up the heavy Indebtedness OF the New
". ma s.f
The points Of strength i'm the market
were sporadic and they developed from
timc 90 time in an eccentric manner that
made an explanation puZZlinG. Violent
advances on small transactions in the
express stocks were due To the advance
in tho dividend rate ON UniIed states
ESnrCSs.
gumors persisted oil coming oombina
;lor OF copper interests. with some et-
feet on copper securities. The Southern
group of railroads felt the influence OF the
iIawlcy deal I'm Missouri. Kansas and
Texas and mysterious intimatuns OF
possible further scope FOR the plan In
yolved in that deal. The Sustaining influ-
cncc OF these movements was only tenn
poTary and prices ran or again. closing
at about the lowest.
Bonds wore easy Total sales. par
value, S$.%7O.oOO. United States bonds
we're unchanged on call.
New York Bonds
c. s. ref. y, reg 1ooglnt. Met. rs. :, S3S
do coupon 49,. 1O0slntcg. NJ. NJ i3s III
=, :. SIS, reg. .l0l} Japan Is ....... S62
do coupon ....10l5 do AS .... 93s
l.. S. is. reg. I16gk. G. So. 1st Rs 53b
do coupons l1I!L. 5. deb Is 81 9iS
Aliis-Chal. lst 5s SisI. & Nash. un. is 99S
Am Agli IS .i02bM. *. & r. 1st is Dob
Am. TST. e.. ls106 do gen. lbs g.. 9Il
Am Tob. Is. S05Mssouri Pac Is SOL
do 6s ...... ,1l0!Na. Ry. Mex i5s 944b
Amour & Co }ls 92LN. y. G gen SIS all
Atchi. gen Is. 1905 do. deb Is 80. 96
do cv. IS ......lt9iNY. MI. II cv 6s.li25
I., g LET ly
All. CT. J., lst IS 95i do cv. is ,..l01
Bait. & Ohio Is % Nor Pacific is 1925
do Gas ....... COB do 8s ......... T22
do &. w. GAS. 90iO S. J.. rfdg Is. $50
BIk. Tran. cV is S6gPcnn. cv. BIS. 10 91s
Cent of Ga. 5sl092Penn. Con. .l0il
~'eut Leather IS o9aRcad. Cen. Is .. 99l
Z. y. j. gen 5sl26iStL 6 SF fg Is Si3
Ch. & Ohio Ais sl03lb do gen. 5s 80. S9g
do ref. 5s ....l05sSt LIS SW con Is 11I
Chi. & Alton SIS I5b do tst gold As N33
:. y. Q; it As 96ASea AR Line Is S93o
N SIP, gas IS do ,cy As i02
do col os .. 1880 Ry js ....l0Sb
do rig. Is 49,. 9O4 do gen is - 50!
Colo Indus. IS. S1lUnon Pac. is 1o3
'oo Mid. Is -. so, do cv. Is 1lGt
= & 5 # & ct3ls 9Ig do LIST and ref As
Del & Iud cv is 1882 do Isl & ref Is 9S
-. K G Is - l. s Rub 6s. .I0l9
do ref 5s ... 9i}U,S Steel 2nd js.lO53
Distillcrs 5s 80. - Va Car Chem. 5s 97s
Eric prior Hen is S6oWabash 1st 5s .ll2I
do cv Is ser a Sgs West. Md Is I35
do cv is ser Il J3iWcs. FL. cv. 5s. 943
Zen, Elcc cv. 5s .l52lWis Cent. Is 943b
Ill Cen. 1st ref Is %!