The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-11-30
THE STOCK MARKET.

IN L.
New York. Nov. 29.-Bradstreet's
weekly review of the stock market
Three causes contributed to better
speculative feeling this week with a
partial recovery in stock prices. They
were giving them according to the in
f1uence they eXerted, the increased
short interest, the decline in exchange
and comparatively small gold exports
and the recovery in the foreign mar
ket. The two latter circumstances
seem to have affected the imagination
of the traders who had been selling
stocks for short account during the
preceding fortnight and in so narrow
a speculation, interrupted as it were
by the Thanksgiving Day holiday, the
tendency from Monday to Wednesday.
seemed to be strongly toward cover
ing such contracts. The same feeling
seemed to prevail on Friday, though
the market was very inactive, and for
that reason inclined to sag of it's own
weight without bearish assistance. On
the whole the railroad share list has
been very firm and at times strong, the
covering operations of the bears eX-
tending finally to the induStrials. At
the same time the market was a very
narrow, professional affair.
The proximity of the session CT Con-
finances will be necessarily the chief
subjects before it, creates uncertainty
and tends to restrict speculative ac-
tivity. There is a further disposition
to await the presidents annual mes
sage and to note its effect IN Con-
gress. The reduction Dc the treasury
gold reserve to we'll nigh $4,000 nh0 has
been partially offset ~ the decline in
exchange rates, and tie fact that the
no
amounted to only 81 600 in mace of
a sum equal to the shipments of last
week. as was at first expected. The
result appears to be due in part to the
improvement in both the political and
financial situations abroad, seich
checks the tendency there to cali in
debt balances from this side of the
ocean. Among the incidents of the
week was the appearance OF some &C
tivity in mining shares, number of
long dormant stocks uf that kind be-
ing again the objects of d certain
amount of trading. Railroad earnings
have generally been favorable and
apart from the belief that business
conditions as affecting snlile Of the in
dustrial companies are not what could
be desired the news of the Wee< has
been, on the whole, fairly SDCd.
NEW YORK GENERAL MARKET.
NEW YORK, Nov. 29.-FLOUR-Re-
ceipts, AZ, 700 barrels; exports, 1890 bar
rels market steady, with a. better de-
mand; business checked by smaller Of
feringS, advances in wheat helping
flour
WHBAT-Receipts 7O4, 100; exports,
Asa, 400; spot, firm; business checked by
higher views of holders. No. 2 red,
No 1 ard lint
stronger, and active, selling up on good
covering and steady cables, reacted a
little, but later recovered and closed
firm at %@% net advance; December,
642s @651A; closed, 60.
HOGS-Quiet.
WOOL-Dull.
COPPER-Steady; brokers' price, Ii;
exchange price, 10MQ11.
LEAD-Firm; brokers price, $40; ex-
change price, 3.25@9.271a.
COFFEE-Options opened barely
steady at 10@20 points decline, closed
net decline of 5000 points; sales, "a,
$50 bags.
SPOT COF'FEE-Rio, dull, 4 lower;
mild, dull and easier; Cordovia, 1870
1917; sales, 1000 bags Rio No. and
1900 spot at 14% 900 bags Maracaibo,
private terms.
SUGAR-Raw. steady; refined, quiet
CHICAGO GENERAL MARKET.
CHICAGO, Nov. 29.-Wheat showed
strength nearly all day, and at one
time was fully 1c higher than it closed
Wednesday. The news was not impor-
tant, but the sentiment was decidedly
bullish; cables were a shade better and
all domestic markets showed improve
ment. There was also a feeling that
too much weight had been given the
report of Armour's contemplated deliv-
cries and the result WAS that many of
those who sold Wednesday under the
influence of that rumor were disposed
to buy it back today, but found that
there was little for sale. Some of the
old-time bears were active buyers, and
the feeling was improved by rumors
that the troubles with Turkey were
getting more serious and there was
more apprehension of war Logan was
an active buyer of December, most of
the session, while Schwartz, Dupee,
Baldwin & Farnun, Linn and their
following were also ON the buying side
Armour's brokers supplied the demand
for time. but when they drew out
Of the market it showed additional
strength. Rumors of large gold ship
ments tomorrow and free selling at
the advance, partly in the way of TAX
ing profits by early buyers, caused
some weakness later in the day May
sold early as low as 60@60M, up to
60A @60B, off to 601a, then up to 6O% a