The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-31

NEW YORK, Jan. 5O.-The stock
market today, like its recent predeces-
sors, was almost entirely dominated
by the manipulation of powerful spec
ulative leaders. The movement of
prices was irregular at times, but
strong undertone prevailed in most IN
stances. The volume of business was
fairly large with Sugar and Reading
dividing the honors. The main con-
sideration affecting prices until near
the last hour was the action likely
to be taken by the presidents of the
anthracite coal railroads at the ad-
journed meeting, in relation to the re-
port of the special committee on per
centages. The subject was regarded
by Wall street and by foreign opera
tors as of paramount importance. The
impression that a harmonious agree
ment would be reached was reflected
in an advancing tendency in the gen
eral market London contributed to-
ward the Improvement by purchases
of about 10000 shares Of various stock.
The opening was moderately active
and firm, but sagging tendency soon
developed in which Sugar was more
conspicuous. The coal stocks were
taken in hand and the buoyancy in
this group was soon communicated to
the general market. Reading was the
most animated and exhibited decided
strength. The bonds were also taken
in large blocks by the interest identi-
fed with the reorganization. The gains
in the general list extended to 3 per
cent. in Pacific Mail, Northern Paci-
fic preferred, the Changers and Union
Pacific. The last mentioned rose IL
per cent. on the progress reported in
the work of reorganization. Around
delivery hour the execution of realiz-
ing sales precipitated a general reac-
ton. The movement received some i'm
petus on account of the lack of
definite reassuring news from
the anthracite presidents meeting. the
silver discussion in the senate at Wash
ington and a stiffening in sterling eX-
change rates. In the declines Sugar
showed IA per cent and a number of
other stocks about a point. The specu-
lation left off active and weak in tone,
but with the net results gains in most
instances.
The dealing in bonds was character
lied by strength and activity. Pro-
nounced strength was exhibited in the
Northern Pacific issues. In the late
dealings there was a general shading
Of prices.
Business in governments was fairly
large. aggregating $50. 900. The mar
ket ruled firm and the new As regis
tered advanced sharply
Money on call easy at 31A@4 per cent,
closed 81 per cent.
Prime n ercantile paper COS per cent
Sterling exchange firm and higher
with actual business in brankers bills
at ASSOC. SS94 for demand, and 4.S7A@
4.S712 for sixty days; posted rates.
49S@4.SS15 and 10000. go; commercial
bills. 4.S6@4S612. Silver certificates,
67A@6734.
Government bonds, firm.
State bonds, inactive.
Railroad bonds, strong.
NEW YORK GENERAL MARKET.
New York, Jan. 3O.-Hops-Quiet.
Wool-Quiet.
Pig iron-Quiet, unchanged.
Copper-Steady; brokers' 97s; exchange,
1001010.
Silver-671s.
Lead-Steady; exchange 3.O5.
Tin-Firmer: StraightS, IL. 25113.30.
Plates-Steady.
Spelter-Quiet; domestic 400 nominal.
Coffee-Barely steady at 5000 points
decline, closed irregular at 5Q15 points
net decline: March, 12.25012.35; May, 11.65
@11.90. Spot coffee-Rio dull; No. Z, 1875;
mild. dull; Cordova, 17017s4.
SugaT-FirTn; fair refining 31a; centri-
fugal 96 test, S7s Refined steady.
CHICAGO GENERAL MARKET.
The leading futures were as follows: