The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-09-05
Boston Wool Market.
New York Stock Market.

New YORK September Avail Street.
There were only slight changes IN the
opening quotations, the differences not
exceeding e, except for Omaha pre-
ferred, which was up q. Early deal
ings, however, developed decided weak
n. IS, in which Omaha preferred and
Union Pacific led, each delinining l;
during the first half hour Lackawanna
was also weak, making decline OF %
The rest of the list fell from Is to ~.
The decline was checked about 1880,
and during the next half hour the losses
were recovered in most cases, and
Louisville & Nashville gained Il; West
ern Union and New York Central we've
also a little above opening quotations,
but Union Pacific was Is and Omaha
preferred l below the first figures. The
market was dull and featureless, other
wise than as noted at IL o clock:
New YORK, September 4.-Noon-
Stocks were weak after IL, and gen
eral decline followed, extending
throughout the hour, in which Reading
and Union Pacific led, the former de-
clining > and the latter q, and the rest
declined generally Is to Is. AT noon
the market was quiet and steady at
decline.
NEW 1ORh, OOfSA
ment bonds dull and strong.
The feature of to-day's stock market
has been a heavy decline in Union Pa
citic. accompanied by heavy trading in
the stock. the sales aggregating 74,740
shares, or over 81 per cent. of the days
b .siness in all the stocks. The early
publication of Union Pacific sta tement
for the month of July shows loss in
the gross earnings of $70,709, at
the same time that there was an
increase in the operating expenses
of $751;, 1885, making total loss for the
month as compared with the same time
last wear, of $22S, 1903, having a depres-
sing effect upon the price, and everv-
body appeared willing to sell both for
long and short accounts, and all that
the market would take. After the ope-
ming at 1917. there was an advance OF "a
per cent. and after the depressing de-
cline which continued until late in the
afternoon, when the price touched 47T,
and in sympathy with the rest of the
market rallied in the last hour, closing
with net loss of ~ per cent. 1t is
said that the ca :nings for the month OF
August will show even a heavier de-
rease than for the month CT July.
President Adams has been in the city
all the day, and it is understood most
of the time has been spent in
conference with financial men here,
the object of which is supposed to be to
arrange some important loans for the
company. 1t is said the company has
been borrowing from the banks of Con-
necticut and other States, where loans
cannot be easily traced. The general
market was about steady. The opening
and first sales were accompanied by an
advance of q to Il per cent, but were
finally followed by a general selling
which continued until the
middle of the afternoon. As rule the
highest prices of the day were made
lust after the opening, and the lowest
prices about 1.30 pm. Few active stocks
fell more than per cent. and Jersey
Central declined ~, Reading 2H and
Lackawanna 125. After 1.30 pm. there
was decided rally, during which, in
some cases, the carrier losses were re-
covered, and the market finally closed |
about steady, and within small fractions |
Of last evenings final figures.