The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-07-12

New York, July 11.-Tllis was an act
i've day on the stock exchange, and
although there We're periods of depres-
sion, taken as a whole the market was
in good tone and a very general adj
vance in prices was the result of the
days trading.
Occasional bear raids were made or
certain stocks, notably Chicago Gas
but Sugar and ST. Paul were also at
tackled without sending their prices be
low the opening.
News from the various strike centers
became improved in tenor, and as spec
ulative operations are for the present
in the main governed by the labor sit
uation, the trading gained in strength
with the reported Improvement in the
railway camp.
The failure Of the general strike or
dered by Grand Master Workman Sow
ereign was a factor in the stock mar
ket and was to some extent regarded
as the beginning Of the end of the rail
road strike.
Sugar. which furnished more than a
third of the total sales, was strong al
the opening and in such good demand
as to cause the shorts to cover with a
celebrity that sent the stock speeding
3 per cent. having been recorded before
noon.
Al the higher figures, there was some
realizing and a reaction of / per cent
took place in the afternoon, but on new
purchases, Some of which were made
on Washington orders, d higher level,
991s, was reached, being gain of rs,
the closing sale being at a figure only
Il below the best of the day and 27s
above the closing price of yesterday.
Orders to sell Chicago Gas were on the
board at the opening, which sent the
price down q TO 72Is, the selling being
by the timid holders who feared the
consequences of general strike in
Chicago. There were good supporting
orders at the decline and before midday
a gain Of rs was effected, followed by q
reaction of y and an advance OF ~
bringing the shares UP to 10, with a
final reaction OF 1s, the advance on yes
terday's closing price being ?.
st. Paul lost % at the opening, sold
up Is with a final reaction of Is.
Burlington, after an opening decline
of Is, rose IL, receding y; Rock Island
fell off Il, sold up rs and reacted 3s
Northwest made gain of IL. closins
at the highest.
The improvement in the grangers was
largely due to the excellent showing OF
the corn crop in the government re
port.
The general market was strong as
a rule during the afternoon, the best
figures of the day being current just
before . o'clock, after which realizing
caused some recessions which We're par
TALLY recovered, the speculation being
decidedly firm al he close. Pullman
made the largest gain, per cent. on
purchases of 900 shares.
The additional $500, 900 Western Union
stock listed on the exchange. was for
the purchase of the American Rapid
Telegraph company, which has been
operated by the Western Union on a
lease. but which was recently bought
under foreclosure.
The bond market was firm during the
morning, easier in the afternoon, clos
ing rather heavy.
Money on call easy at per cent. last
loan1 closed 1 per cent.
Sterling exchange firm, with actual
business in bankers bills at 4.SS14 for
demand and 4.S714 for siXtd days Pos
ted rates 4.SS@4S9. Commercial bills
4S614. Silver certificates 64@65
The total sales of stocks today were
155.532 shares, including:
American Sugar, $4,000; Burlington,
1860: Chicago Gas. $4,000; Distiiiing,
$500; Louisville & Nashville, $500; Mis-
souri, Pacific; $500; Reading, 300;
Rock Island, $500; St. Paul, 5,400;
Western Union, 1900.