The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-12

New York. April 1.-THE stock mar
ket was strong again today on light
trading. and higher range of values
was established in most Of the stocks
dealt in on the exchange. In view OF
the closing of the board tomorrow. and
of the LONDON exchange from this af-
1ernoon until Tuesday morning, the
transactions for the foreign account
were limited.
The only stocks which were at all &C
five were Chicago Gas. Sugar and Gen
eraI Electric. The announcement that
the new board of aldermen of Chicago
had repealed the ordinance granting
franchises to the Ogden Gas and Cos
mopolitan Electric companies. which
were antagonistic to the Chicago Gas
company. and the mayor had approved
of the repeal. induced a heavy buying
M nent IN, Chicago Gas in the early
dealings whic h sent the stock I'D 15s per
cent. During the afternoon Chicago ad-
vices renOrtet1 that the attorney for the
Ogden compa ny held the repeal to be
void. as it would abrogate contracts
which have been entered into by the
company and in this the liquidating
sales were ma de, chiefly to take profits.
AS result. the stock reacted per
cent. closing at a rally of IA per cent.
and Il higher than Yesterday.
Sugar fuctuated between 1884 and
102A, closing at 103- which is Il below
yesterdays final sale. The trading in
the shares was mainly confined to the
holders. who desire to realize profits,
and shorts who wanted to close out
their contracts over the holiday. A re-
tort originating in Boston to the effect
that the General Electric and the West
S-a-~
basis of c0nfecent.e. induced purchases
~ the stock after an early decline of
u per cent. and moved the shares for
ward - per cent. In the afternoon
trading. & break Of 1 per cent was
made or q denial Of the story which led
20 selling. a gooGly part thereof being
for the Boston account. A final rally of
u Der cent. took place. making the loss
on the day - per cent.
New Jersey Central was sold down q
per cent. in the opening trading, but
= covering by the sho rts advanced the
OF the highest. The Leather shares
made further gains. the common rs
and the preferred 3 Der cent.
The general market closed steady at
A@IA per cent. higher on the day.
the latter Baltimore &. Ohio. The other
gains were merely fractional. Some few
shares show losses. including Cordage
guaranteed IL and Wheeling e. Lake
Erie preferred and Susauehanna &
Western preferred L
Money on call easy at 11h@2h per
cent: last loan. 2: closed. , Der cent
Prime mercantile paper. 4051a per
cent.
Sterling exchange. Gull and easier
with actual business in bankers bills
at 4.S9M6t.S93s for demand and 1850
ASH for sixty days.
Posted rates. 4SS1z@4.391A and 1909
1904
Commercial bills. 4S71l "a. STA.
Silver certificates. 671k1671z.
NEW YORK GENERAL MARKET.
New York, April II.
WOOL-Steady.
LEAD-Quiet at 295.
SILV ER-e612
COFF'EE-Options opened irregular ard
generally weaker on moderate trading,
and indisposition to operate until after
the holidays, and ruled dull with
stronger tone in later dealings, closed
steady; April 10 points lower; other
months 5G10 points advance.
SUGAR-Raw, firm; sales, 2.646 bags of
centrifugal, 96-test, at &c; 6,TO bags do,
95-test, at BIG C. o. f.; SO hogsheads at
-. and 800 bags Muscavado. S9-test, at
11-16, and 1854 bags molasses, S9-test, at
2 ZIG. Refined-Quiet.
The leading futures ranged ss follows: