The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-07-14

tlon opened urn and was strong during
the morning and early afternoon.
The market began to be unsettled soon
after midday, and small part of the list
segged off, subsequently rallying with a
slight reaction after delivery hour. The
final dealings were, however, in good
tone and the market closed strong prices
showing a very general advance from u
70 per cent.
1t was pretty nearly taken for granted
at the opening Of business that the col
lapse of the strike was near at hand. and
when the announcement reached the
street that Debs had officially declared
the strike off, the news merely served 10
hurry the shorts to cover more quickly
The usual discounting process had been
done by the street, but the buying be-
came more confident and holders Of stock
We're less anxious to part with their Sc
cdrlties, except at advances, and in this
way the actual ending of the strike helped
prices TO reach higher level. Sugar ad-
Nanced Us TO 99ls In the later dealings
Ine STOCK moved back TO 9S3s. closing at a
recovery OF g and rs higher on the day.
IN the afternoon, Washington adyices
We're received, stating that the conferees
OIL the House on the tariff bill favored de-
6re&slng the spirits tax from $1.10 to 81
rae WHISKY people have been basing their
calculations on the Senate bill going
,1nrough so far as regards the spirits tax
anere was a rush to sell on the I'M
favorable news, and a decline of 25s from
the hleh figures of the morning was quick
~ erected, with a final recovery of -
~. 4''' 0iosiiiS
The bond market was fairly active and
generally firm.
Money on call easv at uer cent last
loan /; closed l per cent
9rlme mercantile paper, 365 per cent
STEERING exchange, dull and steady with
actual business in bankers bills at 4 ssh
Tor demand and at ASIA for sixty DAYS:
posted rates, 4SSg4S9; commercial bills,
4S6l4;' silver certificates 64G65
The total sales of stock TODAY We're
l5S.g3l shares, including: American Sugar
$500; Burlington, $500; Chicago Gas. "a
500; pistilllng, 1890; General Electric,
St Paul. $500.
Government bonds strong. state bonds
Petroleum steady; PENNSYLVANIA oil
sales, none; August option sales. none:
closed, "a bid;- Lima OIL sales, none.
AS VIEWED BY BRADsTREET.
New York, July 13.-Bradstreet's state
of t-ade tomorrow viii say:
During the greater portion of the week.
general wholesale business at Chicago
and centers within the territory tributary
has been practically paralyzed by the
railway strike. Larger eastern citizens
felt the effects of the restricted stock re-
ceiptS of live stock and meat while west
ern manufacturers and merchants suffer-
ed loss through inability to secure sup
plies and raw materials from the east.
The railroad strike and boycott in part
repeated the effect of the recent soft
coal strike by shutting up a large num-
Der Of important industries in the west
central states for the want of fuel But
perhaps no more favorable time, from
the point of view OF the merchants and
manufacturer than the midsummer of
1894 after the panic season in 1893, could
have been chosen to precinitate so wide
spread a railroad ne-up-When business
was already so generally and severely
restricted. A number of small strikes
are reported but there are $4,000 fewer
idle men because of the railways this
week than last.
Iron, steel, lumber, wool and cotton
manufacturing Industries at larger east
ern and western centerS have practically
no shipments and commercial travellers
states generally have become compelled
to leave the road.
The worlds stock of wheat has declined
during the past fourteen weeks about
100000 bushels more than in the same
portion of last year, which is lnsignid-
cant in view of the insistence of the
trade that invisible domestic supplies are
most exhausted, Exports of wheat flour
includedl both coasts United States and
Canada. this week. equal 2.31I,000 bushels
compared with l,S50,O00 bushels last week
4134,000 bushels in the second week Of
July last year, and 2,5SS,O 900 bushels in
that week two years ago.
There were 224 business failures in the
United States reported this week against
164 last week and compared with 39S in
the second week of July last year, and
with i6e in that week two years ago.
All western centers report railway
transportation restored. but that it will
be some time before anything like com
plete restora ton of conditions before the
strike can be attained.