Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-11


day's fire causel l1ts o. s2Oo,OlO,
which the company viii nave - stand
a. the insurance companies recently
cancelled all risks on the structure.
The pfcsldont Of this Hercules COM
pany cay the plant is unenuumhstcd
aud sufficient TO NEE, all liabilities.
Tho company will continue IA turi-
ness, but viii not rebuild at the Wofll's
Fair
no STATEMENT.
OMAiiA, July il.-Holt county bank
bias Jailed. No statement
NEW YOHiJ STOCKS.
New YoEK, July li.--slocka opened
weak In eymIathy with lower cab 'o'
nom London. Silver opened weak,
$4,000 ounces chnnging hands ut n q
Stocks uuyuloiCd increased weakness
souu alter tho opening and room
traders succeeded In bringing about
material decline Ia prices. The
failures IN various patti " the
county nud the suspension OF
brokers on the LOudon stock
exchange, accompanied by or.
dcrs to cell stocks for foreign account,
created very bearlhh feeling. Con
cfni electric b5re III" hruuJ oi attack
alter opening a. o. oN.Iividcnd,
and dropped rapidly 80 $50. The dc.
cline was accelerated by mirn ON stop
orders. Sugar declined , 20 ST.. Cord.
age, common, frat rose 20 ~ ON OK.
tension of tho time Tor urpsslis under
thu rlAn Reorganization, but later sold
~ 10. Atll the market was stesdltr,
fraotionHlly higher
a further rally occurred on stocks
after IL, on covering by the shorts.
| General electric sold up t. % f, sugar
| from 81 % 81 Later gcnefsl cleo
trio fell to %. Tho market AZ noon
was dull, barely s;eady.
Money was active this afternoon, o
to -; bar silver 7Oi; Mexican dollars
81.
An uneasy feeling characiorizsd the
dealings after midday; the bear.
had full control anu NO resist.
nnce was offered. They depressed
one stock after another, even dividend
payers as Lake Shore and Northwest,
did not escape. Lake Shore, for IN
stance on light sales broke two points
10 ll6; the latter settled down TO 100
the lowest point for long time
/ New York Central got below
par; Northwestern foil to 07!. BroRerl
| operating for bsar traders walled from
crowd to crowd amt simply did Al
they pleased with the prices. Fail
uTes were limited at but
no names were mentioned.
About . O'Clock the decline wa
checked, but near the close there wa
n further decline In general electric
and this price dropped TO Bl!. Othe
] 4 Ia D.. "a
These touched tie lowest prices for
long time. Tho market len Of
heavy.
TIE MONEY MARKET.
NEW YORIS, July ll.-Silvor wa
weak, lower, certificates falling 10 II
at the stock exchange. The ttcatuf!
, purchases yesterday were disappOint
.ngly small is~d that accounts Tor tn
weakness Of the market. Commercial
bar silver fell TO 7Ol. Mexican dollar
were UNCHANGED at 81. Money on cal
easier at q s. Time money 1
difficult TO obtain, the rate eth boinI
nOminally 0. There was better Ia
curry for commercial psper, the bank
IN some cases advising purchases
Sterling exchange was heavy, poste
rates reduced 10 ls2 anu asa. Ther
was agood supply Uf commercial bills
hut the demand was light, the rate
gradually sinking TO tho gold importing
point.
LOHpOS STOCK MARKET.
LONDON, July ll.--An u settle
tone pefvRdes the stock market. Littl,
business Is being done except SETTLE
ment which uegan today. Eng
lish railway securities declined
American railroad securities are weah
Two failures were reported at the eX
Oh ange. one firm suspended Is al
im portant one.
The most important Of the two fail
ures today was that OF John H. II
Read, a long.estAblished firm wit
large accounts In railroad and Peru
yiGE securities.
Stocks stagnant this afternoon
Further trouble II feared, the differ
ences In account being heavy, espeoia
Nv In railroad securities. Bar silye
38!l