The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-05-03
Wall Street.

New York, Moon. Stocks opened
higher until II 80, when weaker. North.
ern Pacific preferred feature. Tfsnsac-
tons large, prices been up to 5l55, but
now down TO 503.
Stocks declined q fraction then ed
vsnced % to q, latte. st. Paul, North
ern Pacific preferred festure, after selling
down to 40 rose to 50H.
1230p.m. UAion Pacific wesk since
midday. Price nov 59I. Reported
NV England heavy sellers employees
strike is hurting stock: a bear 1umor
that W. q. and UBion Pacific were
thrown out of loans by the Leading trust
company denied; short interest and large
specie engagements tomorrow $3.50 000
Stocks weak and depressed this after
noon, large blocks of long stock came
on the market The Union Pacific strike
used good effect against speculation stock
touched 571s; Central Pacific sold down
to 46%. Rumors current of embarrass-
ment, leading firm shorts bought heavily
near close, Northern Prcifc rose to 52L,
Omaha preferred 20 93H, Oregon Trans.
591s, Menhsttsn 81 and Missouri pacific
to SOA; Union Pacific rallied to 1913,
Central Pacific to 4SH and Western
Union to 60I; Northern Pacific and
Oregon Trsns. shares in demand on the
report that the O. B. & @. hab obtained
control Of the latter. The market closed
streng.
New York. q Governments firm;
railways irregular. A. the stock ex
change Northern Pacific and Oregon
Trans Con. shares were characterized by
great !strerg b. At the opening there
was some irregulsrity ia prices, but be-
fore the first call Northern Pacific pre-
ferred became very strong and under
brisk purchases advanced from 40 to
5l7S; other active shares rose n to per
cent. in sympathy. After pm. Union
Pacific was hesvily pressed for sale.
Large blocks of stock ceming on thu
market ct declining quotations, the price
broke to SIX and IL, 516 shares changed
hands. The drop was dus to the an-
nounc ment of the strike Of the com.
pany's employees against reduction in
wsges; there we're evidences of New
England sellisg, Central Pacific dropped
from 501z to 46H. Bears were Offering
the next dividend on this stock at ~ per
cent to-day. As it is unlawful for men,
bers ofthe stock exchange to cffer to buy
or sell dividends on any stocks, and
should any atten ton of officials of the
exchange besn cSlled 90 the matter some
action may be taken. OF course con-
tinued sharp changes brought about
decline of to 1H Per cent. in general
list. When prices were ct lowest
rumor was industriously circulated that
g leadieg firm wss in trouble. This
rumor was not confirmed, and as shorts
began to cover sharp rally took place.
During the last half hour of business n.
Pacific and Oregon Trans. shares were
more active thar usual. and buying was
of good character. The market left off
strong compared with last night. Clos
ing prices are 8 per cent. higher for n.
Pacific preferred, ~ for common ~
ior Oregan Trans, 15s for Denver and 4
20 Is for other active shares; U. T. 81
per cent lower, O. P. IL Psc. Mail u.
Inc Fest says q great variety OF rumors
com blned to increase the depression on
Union and Central Pacific. One was
that the Trans. Goa. association, which
en- braces sll Trans. Cont. roads and
Fsc'fc Mail companies, is about to bresk