The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-01

NEW YORK, Nov. 30.-The stock mar
ket today was fairly active for a half
holiday, and reflected chiefly professional
operators. The opening was very dull.
but sharp covering movement started in
the industrials early, led by Sugar. That
stock rose IL aud Western Union L per
cent. The railroad list was unfaverably
affected by lower London prices and for
eisn selling in this market. The last
hour the abatement of the covering de-
mand caused recessions generally and
The market closed active and irregular
with special PRESSURE against the railroad
list. The sales for the day were 14l, zoo
Shares.
The speculation for the week has not
Been especially interesting. AT the out
SET fairly Well-suStained rally in prices
came III response TO an encouraging tone
in foreign advices, which appeared to
indicate that the complications of the
eastern question were less acute Europe,
however, IL turns out, is s1ll struggling
with its liquidation OF South African
mining stocks, and this is reflected not
only in the absence of demand i'll Europe
Tor our railroad securities, but also
sporadic sales OF good stocks in order TO
protect the deprecated kattirs. Foreign
exchange continues at the gold export
point, but the shipments for the week
have been considerably less than the
exports of the previous week, as the last
temporarily relieved the market. Flnan-
cierS and operators are looking forward
anXious!y TO the report of the secretary
of the treasury and the presidents mes
sage, IN so far as they may bear on the
currency situation. Currency reforms are
unusually active at the present and mn
press uEon the financial community that
the reason gold continues to go out is be-
cause our currency Is diluted with de-
preciated silver ana nat paper. 1ney
forget tina France, which mas Wdthn the
last twenty years accumulated the largest
stock of golQ the world has ever SEEM
contains in its currency a vast volume
of this So-called deprecated silver and
fiat paper. Why it is then that FRANCE
accumuIates gold while the United States
is Stea Oily losing ii? The answer would
seem to lie in the difference between me
economic policies of the two countries.
Among the important advances were
Denver preferred, 2@s; Sugar, "a; Atchl-
son preferred, when issued, rs; RIO
Gqande Western preferred, IL, and North
ern Pacific preferred IA. A NUMBER OIL
gains of L per cent. were recorded
Today's railway bond market was mod
erately active. The transactions amount
ed to $3.50 600. There were few important
changes Oregon Short Line, Union Con-
soils rose 3l4 per cent.
The trading in bonds for the week was
fairly large and the final results ShoWeu
gains ana losses about evenly dlNlueu-
Oregon Improvement hrStS Salneu Pel
cent; Atchison adjustment tours, When
issued. Us, and Denver & Rio Grande
couSols fourS gained ~ per cent. mon
Pacific collateral trust skies lost BIZ per
Business in governments footed up S66,-
coo. The registered of SO closed e lower [11
while the tours coupon advanced -;
Silver certificates We're deatI III Aoi
5000 at 6I3sq6lI2.
NEW YORK, Nov. So.-Money on
cali easy at 2la@S per cent; last loan
2Ja; closed 212 per cent.
Prime mercantile paper $500 per
cent.
Sterling exchange dull, with actual
business in bankers bills at $4.S9@
S4.S9Il for demand and $4.S71aq$4.S1$4
for sixty days. Posted rates $4.SSl2
and S4.S9. Commercial bills $4.S6s4.
Government bonds steady; state
bonds inactive; railroad bonds strong.