The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-08
Symptoms of Recovery From the
War News.
THE POPULAR NEW FOURS.
DEALINGS WE'RE ON A LARGE
scALE-wEEK's SALES So, 427,2oO.
Grain Badly DemOraIfzed From the
Unexpected Inactivity of Euro
pean Markets-Wheat Quite Pam
icI<y in Chicaso-Live Stock MIur-
kets Dull and Sagging-MetaIs
Firm.

NEW YORK, March 7.-E1he feature
of today's stock market was marked
activity, attended by weakness in To-
bacco. The operations in that stock
accounted for $500 shares out of an
aggregate for the day of 10000 shares.
The general list was devoid Of feature,
aside from General Electric, which adj
vanced IL on manipulation by a new
pool in the stock. Fractional conces-
sions occurred in a number of in
stances, in sympathy with the depres-
sion in Tobacco, but in the last hour
a general upward movement carried
prices to the level of last nights fig
ures. The closing was dull and firm.
The speculation of the week has again
been influenced to a large extent by
outside considerations, notably the
political unrest abroad and the Cuban
belligerency resolutions. Except in one
or two instances the bulk of the opera
tons have been conducted by the pro
fessional traders in the industrial
shares.
In the railroad list the most i'm
portant development was the culmina-
ton of the financial embarrassment Of
the Baltimore g. Ohio railroad in the
appointment of receivers for the pro-
perty. For long time previously ex-
perienced railroad men and financial
experts had expected such a contin-
gency. A strong reorganization com
mittee has undertaken the work of re-
habilitation and it is understood enjoys
the cooperation of important foreign
interests in the property. The best in
formation is that the company has a
floating debt of between 100000 600 and
$15,000,000 and that about 1000. 900
will be needed to place the company
upon solid financial and physical
basis. The net changes in prices for
the week were unimportant as a rule
butqwith most stocks inclining toward
a lower level. The aggregate sales
were $1,244,139
The bond market today was without
especial feature. The volume OF
business was moderate and contribu-
ted largely to the total of $4,000. The
market during the week was well held
on diminished business. Northern
Pacific displayed exceptional strength.
The consol fives made special advances
and show a net gain Of AZ; the trust
receipts were AS per cent. The com
parative prices in the balance of the
list shows light gains in most issues.
The aggregate sales were 8,237 900.
Dealings in governments were on a
The greater part of the trading was in
the new fours. The aggregate sales
were $89S,00 Prices during the week
We're irregular and at the outset a
sagging tendency prevailed In the
late operations marked improvement
occurred in the price of the new fours.
The total sales were 2,427, 200.
Silver certificates We're without fea-
ture. The transactions footed up
600 000 % 655 M6Q7L
Money on call easy at per cent.
Prime mercantile paper, 1906 per
cent. Sterling exchange steady. with
actual business in bankers bills at
4S7a @4.SS for demand and 4.86A @4.S7
for sixty days; posted rates. 4.871a0
4S9; commercial bills, 1861 bar silver,
6S3s; Mexican dollars, 5434.
State bonds dull
Railroad bonds firm.
The total sales of stocks today were
121, 216 shares, including: American To
bacco, Co. 700; American Sugar, $500;
Burlington, $500; Baltimore & Ohio,
4,4O0; Evansville & Terre Haute, $500;
Northern Pacific, 1000; st. Paul, 5000.