The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-12-10
New York Stock Market.

1A4SudHSe Olli>, Gull, HTIn, uncudDSeO.
Demand bills, unchanged.
New York Stock Market.
New YORK December eli ain
Wall Street brokers and directors arriv-
ed at their offices at All unusually early
hour this morning. There was anxiety
everywhere to know what the stock
market would do at the opening, bat
confidence was observabl in nearly
every instance where opinions were ex-
pressed and London quotations, which
were here half an hour before the open
ing OF the New York stock exchange,
were reaSSuriDg on the board. A dense
crowd Of brokers stood in the Lake
Shore corner awaiting the fall of the
chalrman's gaYei. When il cam 1T was
followed by wild excl nent for a few
minutes and a struggle between trOse
WHO had orders to close out their ac-
count ar the opening and others who.
were there to support the market or
buy upon the assumption that the
opening figures would be the lowest In
other parts of the room the crowd was
less, and the pushing and excitementno
greater thaniS often witnessed at the
opening of the board. The opening
quotation for Lake Shore was 81, but the
next sale reported was at S51z and the
next at S53I dealings were III large lots
of sou to LOCO shares and for short
time different prices were ruling. At
the same time the opening figure repor-
ted for Lake Shore marked decline of
from last evenings closing figures.
New York Central was off 25s and Jer-
Sey Central 21s. The rest of the list
showed declines ranging from Ia to ~
The excitement in the Lake Shore
crowd soon subsidized and the whole
IN rket advanced from u to IA. Gains
were mostly lost later in the hour, and
nj IL the market was active and rather
heavy at figures generally little above
the opening. The market was very &C
tive with the heaviest trading In Lake
Shore, st. Paul and Western Union.
The wires both east and west were
working badly, cutting for time both
selling and supporting orders from out
town customers.
New YoRK, December 9.-Noon.-
Stocks became more active and strong,
p ic IS advancing u to \ with an excep-
tiOnal advance of per cent. In Lacka-
wanna, and the market finally closed
about steady, at quotations which Tor
the most active stocks are less than
per cent below the closing prices yester-
day, while Lackawanna was higher.
EXCITEMENT ON CHANGE.
New YORK, December 9.-Govern
ments dull, firm aud unchanged.
The anxiety n manifested this morning,
regarding the opening quotations OF
stocks, has not been exceeded in years |
The death of Vanderbilt occurring |
when it did, gave brokers and specula |
tors no time 10 think before its effect |
could be felt in prices, and the more |
conservative operators exhibited mark |
ed confidence in the market, but there |
were many others who were carrying |
heavy loads of limited margins, who |
were very nervous. There were many |
orders IN the board at the opening 70 |
sell, especially VanderbiltS, but there |
were also large orders to buy at prices
not seriously below last evenings clos |
ing. In the Lake Shore corner all was |
quiet and the patient waiting of the |
dense crowd OF brokers, with orders TO /
buy or sell, was transformed at once |
into be liam. There was intense ex-
and confusion as the chairman
announced the opening. The opening
prices ranged between 50 and 1914 butat
the same time the stock was selling at
al the different quotations between
those figures. The Official opening quo
-atiOn, however. was 50, a decline of 5
per cent. from last evening. There was
! sale or 500 shares at S45z. The bold
TOnt presented by those present with
unlimited orders to sustain the market
soon quieted the excitement and after
he first half hour, although for a time
business continued active, there was no
excitement in other portions of the eI-
,hange room. Large transactions were
made in various active stocks, but the
did not at all compare with
hal above mentioned. Prices at the
opening other than Lake Shore showed
/ decline of 25z for New York Central,
rs for Jersey Central, and IL to ~
or the rest of the active list, except
louisville & Nashville, which showed a
oss of only q. During the first half
louF the market was very feverish and
+ movements erratic with a tendency
downward in some cases, while other
toeks advanced, but at the end of that
ime more settled tone was establish
lot different from many others that
aYs. Prices by IL o'clock were
enerally shade above the
pening and the business drifted
apidly into very decided dull :
ess. At the same time there was
very firm undertone with q
light tendency upwards. Prize
his evening, compared with the final
CURES, yesterday, show a loss of 1X
Dr. Lake Shore, l for Jersey Central, ~
Ir Reading, for Texas Pacific, and
{ TO q for the rest OF the active list,
northwest is down IS. The general
ceiling Is of increasing confidence, al.
lough for moment faith in the flu
1re is based largely upon belief that
ome of the leading operators will furn-
sh the support necessary to prevent a A
lrther decline as they did to-day.
Morning Railroad StOeks