The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-12

New York, Aug. 11.-Trading in the
share market today was very light and
speculation without important feature.
Inc unfavorable crop report caused a
general depression at the opening, which
was not confined to the railroad list, but
was communicated to the industriaIs.
though in a lesser degree. The arbitrage
brokers were sellers of small lots of
Union Pacific, Northern Pacific prefer
red and st. Paul The London cables
showed American securities to be weak
IN the market. There was, however no
great pressure TO sell and on a small
covering movement the market became
somewhat firm before the end of the
first hour. After II o'clock the specu-
lation became intensely dull, especially
for the usually active stocks, exception
Sugar, which with a few of the spec
lalues monopolized what little business
was done
Toward the close the market became
NanceS, and the market closed fairly
steady with prices generally / 1-7Q1j2 be-
low the mai quotations, Pullman on
sales of 500 shares, Chicago Gas and Dis
tilling each recovered a.
Sugar rose q at the opening, then re-
ceded g.. rallied q, reactng Il in the
yesterday. There were free offerings of
Sugar in the loan market at 112 per cent.
AtchlSon and General Electric closed at
yesterdays last sales.
The week has been full of interest to
the speculative fraternity. the Atchison
being q rather exciting feature, keeping
the street on the qui vive, until at last
being brought to an end by the accept
ance of Reinharrs resignation from the
directory and as receiver.
While Reinhart had some supporters,
The general opinion is that his reply to
little'S charges that he oVerStated the
income of the road for the four years i'm
mediately preceding June 80 1894, does not
meet the issue sincerely, and the repre-
sentatives Of the London and Amster-
dam security-holders state they do not
regard his letter to the reorganization
committee as an answer to the Little
report. 1t has been decided to take no
further steps toward perfecting reorgani-
zation until after Titles examination of
the Atchison's books, which is st!H in
progress. IS completed. Conjecture is now
busy with the question of Reinhart's sue
cessor as president and receiver. The
names Of r. S. Hayes, chairman of the
general reorganization committee, First
Nive-President D. E. Robinson, of Atchi-
son; President A. A. Robinson, of the
Mexican Central road, and President S.
NJ. FELTON, of the Queen & Crescent sys-
TEN are mentioned in this connection.
The total sales of stocks today were
S., 900 shares. including: American Sugar,
$500: Burlington, $500: Distiiling, 5000;
General Electric 800; Louisville & Nash
VILE 1900: Missouri Pacific, 1,500; Nation
al Lead, $500; Reading, J,500; r. & w. P.
certificates, first assessment paid, 4,5OO
St Paul, 1850.
Money on call easy at l per cent; last
loan. l; closed, per cent.
Prime mercantile paper, 365 per cent.
Sterling exchange, dull and steady, with
actual business in bankers bills at 4.SSQ
4SSlk for demand and at I Sis for sixty
days; posted rates, 4.86q4S6A; silver GER
tificates. 64G65; sales, none; bar silver,
62sz; Mexican dollars, 5024.
Government bonds, steady; state bonds,
dull: railroad bonds, irregular.
Petroleum, firm; Pennsylvania, sales,
none; September option sales, none;
closed, S0I4c. bid.