Salt Lake Telegram | 1902-05-17 | Page 6 | Depression in Stocks

I DEPRESSION IN STOCKS NEW YORK May 17 The 17 The The stock market has ha fallen falen into dullness and ad a awaiting awaiting waiting attitude after the sharp liquidation liquidation dation daton of Monday forced by ton by the banks against doubtful collateral collateral col col- col- col lateral loans The anthracite miners' miners strike and the crop uncertainty have contributed to uie the neglect negle t of speculation a and d to some renewed depression Extensive readjustment readjustment readjust readjust- ment probably will be made in the market market mar mar- ket by the large lending of the New NewYork NewYork York exchange for the account of Interior in interior In- In I tenor domestic centres and extensive extensive borrowing in reign foreign money markets The local money market has steadied d dand and become noney quiet in consequence but bu has maintained a firm undertone in view of the evident fact that an emergency emergency emer emer- gency icy tone of money here would lead to withdrawals of credit and gold ex ex- ex- ex ports ports