The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-27

New York, Dec. 26.-The resumption of
business after the holidays was marked
by a sharp rise in the early dealings
on the stock exchange. The confident
tone was mainly attributed TO the ex-
pectation that the treasury viii be
strengthened by an issue of government
bonds. In the best condition of the finan-
cial circles these views lind acceptance.
but thus far the only people whose state
ment would carry any conviction are
mute on the subject.
1t is not believed that a strictly gold
bond bill can be got through the Sen
ate. and accordingly the impending issue
viii be under the same authority as the
last two. Reports OF any present or re-
cent offer by Russia to take our gov
eminent bonds or loan gold to the
United States treasury are authorita-
lively denied. Other favorable influences
were money rates at the legal figure and
unfavorable reports of railway earnings
for the third week of December.
The upward movement came TO a halt
soon after the expiration of the first
hour, and in the ensuing dealings, sales
were recorded at figures close to Tues
days final prices. The reactionary move
ment was on selling for both accounts.
a sharp recession occurred in the rates
OF sterling exchange on the sale Of gold
bullion and revived talk of gold exports
by Saturdays steamers = p 10 The close
Oh DuSlIltSS no MAO DeGn
made however. No applications for lean
certificates have been made or are eX-
pected to be received from Inc banks
of by the clearing house committee, I'M
til after the close of the year az the
earliest. The pressure 10 sell subsidized
around delivery hour, and under the
leadership of Sugar prices took an up
ward course. The lmpfov how
ever, as a rule, did not exceed frac-
lions. Sugar was in brisk demand in the
final dealings and rose to 1882, a net
coded 20 an advance in the market for
domestic refined sugars and to the al
legged proposition of the Cuban revolu-
tionary leaders TO destroy the sugar crop
of the island. The closing was quiet and
steady at slight gains in most cases.
In the bond market the upward ten
dency which characterized the market
Tuesday. was resumed in the early deal
ings today. Subsequently, in sympathy
with the reaction in the stock market,
prices receded sharply and the closing
tone was heavy.
Money on cali 4d7 per cent; last loan
3. closed ). Prime mercantile paper NOM
inally o per cent. Sterling exchange weak
with actual business in bankers bills,
4.S914Q4S912 for demand. and 4.S724 "a. IS
for sixty days.
Posted rates 4.S9 and 49Oll49491. Com
rnercial bills, 4S7.
Bar silver, COZ; Silver certificates, 66a4
@661a.
NEW YORK GENERAL MARKET.
New York, Dec. a6.-FLOUR-Receipt
$500 barrels. exports g., 400 barrels. Dull
and tending lower in response to late
break in wheat No export demand.
WHEAT--Receipts 3O0 600, exports 556 500
Spot weaker; No 2 red. 667s: No. l hard,
66A. Options opened firmer on cold wave
west, advanced at noon on larger clear
ances; sold off later under fears of heavy
gold shipments, liquidation and small eX-
port purchases, closed sass lower. No.
2 red May ST 1-16G6412, closed 647s; Decem-
Der 6414 d64s4, closed 6414.
HOPS-Weak.
WOOI@Dull.
observation-disclosures; united closed LAO
PIG IRoN-Dull; southern 12.cca125o;
northern 1200G1400.
COPPER-Easy; brokers' 10sz, exchange
LEAD~steady; brokers' sos, exchange
3.15@3.20.
Silver 6612.
quiet and weak.
COFFEE-Options quiet at 5Gi0 points
soils points Sales 5000 bags, including:
January. 1880, February 1896, March 49,
mlS.35. September 1195, December 1866.
Spot-Rio dull; No. Z, AZ; mild dull; Cor
dova 1724G1S1a Sales LOCO bags Rio No.
z at ID 49, c. i. 1.
SUGAR-Firnl; fair refining 31s03A; CEN
trifugal 90 test 9 9-16G35s- Refined firm;
No. 6 4 bic: standard A, AS; cut loaf 53s;
crushed 5Ss; powdered, .; granulated, IA;
cubes, 5.