The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-14

NEW YORK, Aug. 13.-A better feel
ing prevailed in Wall street circles to-
day and the standard stocks, As a rule,
scored material gains. The silver dem
onstration at Madison Square Garden
last night was not considered a, very
formidable affair, in fact the street
was inclined to the opinion that the
agitation. at least as far as the east
ern section of the country is concern
ed, is decidedly IN the Wane. Mr.. Bry-
ans speech of acceptance was also
more conservative than generally eX-
pected in financial circles. London ap-
reared TO take the same view OF the
matter and sent in moderately large
orders for its favorites. Other favor
able factors were the declaration of
the regular dividend by the Burlington
& Quincy, The comparative ease in
money. and the weakness of the Ster-
ling exchanges. The result was a gem
erat advance al prices all around. Bro
kers who enjoy the confidence of the
leading bear operators were steady
bidders for stocks almost from the
opening, and their purchases had much
to do with the higher range of quota
tions during the session. The improve
ment was most pronounced in stocks
which have been heavily oVer-Sold. SUI
gar, for instance, jumped 4 to 1929 !;
Tobacco, 21& to 81; Burlington &
Quincy, 32s to SO; Chicago Gas, 314 to
527s; Northwest, 2% to 921s; st. Paul,
25s to 65z; Rock Island, 21a TO 543s :;
Consolidated Gas, 252 to 140; Lake
Shore, 3 TO 40; Louisville & Nashville,
255 to 421a; Metropolitan Traction, Az
to SAY; Lead preferred, 31a to Sly;
Leather preferred, 2s4 to 461k, and West
ern Union, 23s to IS. In the inactive
stocks Nickel Plate second preferred
advanced 4% to 24%. Manhattan was
heavy. 1t opened firm at rs. fell to
1871, rallied to 761A, and closed at 1914
bid and "a asked. IL the afternoon the
demand for stocks was less urgent
and prices ran off A@13s per cent out
SIDE of Manhattan, which broke 212
per cent. The reaction was on reports
of receivership for the Louisville,
New Albany and Chicago, and the fail
ure Of a Maiden Lane jewelry firm
with large liabilities. Speculation
closed irregular and in the main lower,
net changes, however, showing gains
of Il @2A per cent, sugar leading. To-
tai sales were 272, SIS shares, including
69, 100 Sugar; $4,000 st. Paul and % 800
Burlington & Quincy.
Bonds were strong and higher. Sales
footed up 1.40l, 900. Atchison general
Is rose 2 to 7S1g; Atchison adjustment,
/ to S25z; Chicago & Northern Pacific
IS. III TO So; Kansas & Texas seconds,
2A to 1917; Kansas & Texas Is, w to
1914; Louisville, New Albany & Chicago
general 5s, 91a to S.; Mobile & Ohio 4s,
2 to SIS; Oregon Short Line cons, sly
to So; Peoria & Eastern con. As. to So :
San Antonio & Arkansas Pass As, 5 to IS:
4S; and Wisconsin Central 5s, certifi-
Gates, to 20.
In government bonds, $1,000 coupon
As of 1925 sold at 11214, and $4,000 reg
ular at 1121z; $4,000 regular As of 1907
at 1855, and $4,000 coupon 5s at 1890
a09%.
Money on cali easier ait 21z and clos
ing offered at 21b.
Prime mercantile paper 6@6lz per
cenf
Bar silver, 673s.
Mexican dollars. 527s.
Sterling exchange is dull and easv
with actual business in bankers bills
at 4S6A @4S61h for 60-days, and ASH
G34S715 for demand. Posted rates. 81