The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-22

prevalent at that center. Nevertheless
the foreign houses continued to unload
American securities and the decline in
values in the first quarter of an hour
was severe and extended to per cent
in lead preferred. The decline in the
leading railways was headed by Lake
Shore, with a break of per cent. The
f1urries then subsidized and prices took
a turn upward. Lead improved per
cent. In the final dealings there was
considerable pressure against the gran
gers and coalers, which resulted in
heavy losses. The total sales were 1884,
59S shares, including $4,000 in Sugar.
A week of intense excitement in fl
nancial circles has just been brought to
a close. Seldom, if ever has the stock
| exchange been convulsed to such a de-
gree, and for so long a period, as in
| the present instance. Heretofore panicS
have quickly subsidized and the bottom
! has been reached by rapid strides, but
upon the delivery on Tuesday last of
| the presidents message on the Vene-
Zuelan embroglio the stock board has
steadily increased. Associated Press
advices on Saturday declared the
| RothSchild story to be a canard and
announced that the London bankers
of American credits for the present.
AS a result declines made in the open
ing dealings partly recovered and
steadier tone temporarily governed the
share speculation. The improved feel
ing was of brief duration, and the
gains made were, in many instances.
almost entirely wiped out and the mar
ket closed decidedly heavy in tone. The
sales for the foreign account are es-
al p6 ot a shares
breaks all previous records. AT the
extreme low point on Saturday among
the more important declines compared
with the high prices prevailing earlier
in the week were: Consolidated Gas.
14H per cent: New Jersey Central,
17B; Lead preferred. 1872; Sugar, 12B;
Pacific Mail. liz: Northwestern, 111a;
Denver & Rio Grande preferred. 10a4;
Colorado Fuel, 1OA, and Atchison pre-
ferred, 97s.
The dealings for the week reached
the extremely large total of 2.259.00O
shares.
The decentralization of prices Of rail-
way and miscellaneous mortgages
which occurred during the week was
attributed to the same influences that
dominated the stock market. The deal
ings were unusually heavy and the de-
preston in prices was very severe in
the issues having a foreign market
The trading for the European account
was very heavy. The aggregat
We're s13,542, 900. Among the greatest
declines were: Atchison adjustment
tours, 91a; Atchison tours trust receipts,
81; Atchson seconds trust receipts.
71a; Chicago & Northern Pacific f1rsts
trust receipts N; Colorado Midland
frsts trust receipts and Texas Pacific
firsts, 4; Union Pacific, Denver & Gulf
firsts and Oregon Short Line SKIES,
trust receipts, 6&; Oregon Short Line
Consol fives trust receipts, 71A; Rio
Grande Western firstS and Northern
Pacific consol fves, 81; Northern Pa
cific seconds, 6; Northern Pacific col
lateral trust skies 5$4 Northwestern
debentures fives of 1909 per cent.
Government bonds ruled firm during
the greater part of the week and some
issues scored slight gains. Toward the
close, however there was a decided
slump in values. in sympathy with the
general weakness of securities, owing to
the scare. New tours are down 2 per
cent; fives, 11a; old tours registered and
old four coupon, q per cent The total
sales were only $4,000 which goes to
show that the panic did not extend to
the government bonds.
Trading in silver certificates was in
fair volume, and purchases were made
at an advance of l per cent over the
final sale of the preceding week. Sub
sequently q per cent of the rise was
lost. The transactions footed up $94.-
00O
On today's bond market the sales
reached S2.097, 900. The trend of prices
was sharply downward. Toward the
close there was a stiffening in values of
the speculative issues. Final prices,
however, were considera bly, below yes
terday's close.
Money on call opened at so offered, at
% bid but declined to per cent. closing
at per cent.
Prime mercantile paper 41zG5.
Sterling exchange strong, with actual
business in bankers bills at 4.S9A0
1881 for demand, and 4S7$4d4.SS for Co
days. posted rates. 4SS1A@4S914. Com
mercial bills. 4.S7.
Government bonds weak. and are down
u per cent. State bonds nothing doing.
Railroad bonds weak and lower.
NEW YORK GENERAL MARKET.
New York, Dec. 21.-FLOUR-Re-
ceipts, 41,600; exports, 1890. Weak
and duh. buyers being frightened by
the irregularity in wheat and finances.
City mill patents, 4OO@4.25; winter
patents, 3.45@365; winter patent
straights 3,30@3.40; winter extras, 1850
3.O5; winter low grades, 210@2.6G: ship
ping low STdQSS- l.JUUUZ.OU.
WHEAT-Receipts, $40, AGO. exports, |
$500. No. 1 hard, 661k. Options were
generally steady all the morning with |
few reactions, being helped by steady |
cables, foreign buying, rumorS of |
further exports business local covering !
and less liquidation, closed firm and |
No. 2 red, 81 1-16@645s. |
closed 647s; December, 63ssQ63a4; closed, |
63%.
HOPS-Weak, Pacific coast 1894 crop, !
800: 1895 crop, 4@10.
WOOL-Quiet, domestic fleece, 1922;
pulled, 1925.
PETROLEUM-Dull, United closed
Isl bid
COFNF'EE-Options opened quiet with
October and November 10 points and !
other months points lower and closed
quiet at advance of points; March,
1885; December, 13.75G13S0
Spot coffee-Rio dull, No. Z, 49,; mild. |
dull; Cordova, 1S@1S1s.
SUGAR-Raw, firm; fair refining.
SB@314; centrifugal SO test, 1903 9-16;
refined, quiet.
CHICAGO GENERAL MARKET.
CHICAGO Dec. 21.--The situation in
stocks is still the dominating influence
in wheat, and as they suffered further
decline in wheat followed. There is
still much apprehension and holders
liquidated without stint Even shorts
were slow to cover. The exports of
wheat and -four from both coasts for
the week are only little more than
:, 100000 bushels, or 100000 bushels less