The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-09-17

NEW YORK, Sept. 16.-There was no
change today in the character of the
stock speculation, the most conspicuous
feature being irregularity of movement
and violently changing fluctuations. The
volume of business was quite heavy
compared with recent averages, and the
dealings were very well distributed.
London was less bearish, buying at
least as much as it sold, and the quota
tons for American securities in that
market were about equally divided be-
tween gains and losses. The chief in
fuences bearing upon prices were I'M
changed, consisting of conjecture as to
the gold export outlook, the position of
the bond syndicate and the banks to-
ward the treasury, and the probability
or improbability of an issue of govern
ment bonds in the near future. The
money market showed a rising tendency
anu fairly large sums were loaned on
call at an advance of rs per cent. above
the quotations which had been ruling
nominally for a long time past The ex-
change market was heavy, being chiefly
affected by the large gold exports and
nrnef rates. The actual engagements
of gold for export by tomorrow
steamer amounted to only 81, 000 900. The
street was agitated from time to time
by rumorS of conferences of bank preSi-
dents TO discuss government financial re-
lief measures and of a meeting between
the head of the bond syndicate and the
treasury officials. No deposits of gold
were made in the sub-treasury esgiler
for account of the syndicate or the
banks. An important item of news
escaped the notice of the Wall street
community consisting OF an advance in
anthracite coal prices by the New York
companies of 10 to Soc. per ton.
Il is certain that Assistant Secretary
NJ
Jordan and members of the firm of J. Z.
Morgan x Co. were in consultation. The
general conclusion drawn was that the
business in hand was the discussion
street now believes to be near at hand.
No confirmation of this story could be
obtained in official circles.
The grangers took up the largest share
of the dealings with the industrials, as
a group, good seconds. In the initial
sales the bears made a demonstration
against the grangers and low-priced
shares. but soon extended the scope of
eral recessions. Near 1890 under the
leadership of Sugar, the entire market
advanced, but about IL o'clock the mar
ket became again weak. Soon after
midday, the bulls rallied in support of
the market, and save for q slight recess
sion around p. m. the advance was I'M
interrupted up to the close. which was
strong at about the best figures of the
day and prices generally showing adj
vances.
There was a moderate increase in the
volume of business in bonds today, the
sales aggregating So, coo. The temper
o. speculation followed the stock mar
ket.
Money on call, in good demand at 20
pa per cent, last loan 2, closed ,.
Prime mercantile paper, 3l245A per
cent.
Sterling exchange heavy with actual
business in bankers bills at 4S915dIS93z
for demand and 4.SS19@4SS2 for sixty
days; posted rates, 4.S9Q490 and 1900
4.91.
Commercial bills, Ass. Silver certif-
Gates, 67G67A.
Government bonds strong for the new
fours and at an advance of II per cent.
State bonds, inactive.
Railroad bonds frmer.
NEW YORK GENERAL MARKET.
NEW YORK, Sept. 16.
WOOL-Steady.
COPPBR-Strong; brokers' 12A; ex-
change, 1925
LBAD-Strong; brokers' S.25; exchange, !
33715.
SILvER-66%.
SUGAR-Raw. frmer; fair refining,
SG31k; centrifugal S14Q32s; centrifugal,
96-test, at s SIS
CHICAGO GENERAL MARKET.
The leading futures ranged as foIlowS>