The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-28

New York. Nov. 27.--Money on call
easy at 2Q21s per cent; closing offered
at .
Prime mercantile paper, 4Q4A pei
cent.
Bar silver, 651s.
Mexican dollars. SOS @515s.
Sterling exchange firm, with actual
business in bankers bills at 4.s5A@
4.SS1s for 60 days, and 4.Se@4.SeA for
demand.
Posted rates. 4.SE@4S7E.
Government bonds steady; state
bonds dull; railroad bonds firm.
Silver at the board steady.
Stocks were quiet and very 1rregu-
lar today. Operators generally We're
disposed 20 hesitate until the pfesl-
dents message is sent into congress
and commission houses complained of
a lack o. orders. Room traders We're
bullish and bearish by fits and starts,
but their operations were on a much
smaller scale than of late. In the
early dealings the tendency was down
ward on account o. lower cables from
London, the general expectation that
st. Paul and Burlington & Quincy
statements row due will be unfavor-
able and an advance of u cent in the
posted rates of sterling exchange to
4.S4Q4.871a. The industrial group
scored the heaviest losses at this time.
Consolidated Gas dropped 91s to 1.61A.
The directors al their meeting today
declared the usual quarterly dividend
of Der cent. This was a disappoint-
ment to the traders, as the declaration
of an extra 10 per cent had been looked
for in some quarters. The managers
according TO official statements, did
not consider the question of CONSOLE
dating with the other local companies.
This was also a disappointment and led
to licuidations. La Clede Gas common
broke Az to "a, and the preferred AZ
to "a. RumorS of a forthcoming I'M
favorable decision by the United States
supreme court had an adverse infiu
ence on these stocks. In the inactive
issues Long Island, which has been
heavy of late, dropped 81 to 5412. To-
ward the close st. Paul & Omaha ran
i-p 21a to 1914 on talk of a dividend OF
l1a Der cent. This was not generally
credited however, in usually well in
formed quarters. This stock was also
benefited by the unfavorable state
nent for October. For the month
named the road earned 81, III, POI, an in
crease of $7316S. The rise noted had a
strengthening effect on the market in
the late dealings and the closing, while
quiet, was firm.
n feature of the day was the enor-
nous supply of money offerings on
call One broker, alleged to be acting
for the American Sugar Refining COM
pany, lent $780, 900 at 2 per cent Esti-
mates placed the total loans today at
this rate at nearly $1,000. 900. Specula-
ton closed firmer in tone. Some of the
prominent stocks showed gains of q
to Pa per cent, while others lost H01
per cent. In the specialties, Long Is
land lost IL; La Clede Gas, AZ; do.
preferred AZ. and National Starch
firsts preferred, 81 per cent. Total
sales were only 161, 799 shares, including
29,SOO Reading, 14,5OO Burlington &
Quincy; 1O500 St. Paul, and 5000
Leather preferred
Bonds closed frmer. Total sales. ST.
2s4,O0O Denver & Rio Grande LIST rs
rose y 70 112; Lake Shore con. second
IS ~ to 120: Louisville, New Albany
q chicago con. SIS to co. Pennsyl
Van1a 411's is to 111A; Rock Island
coupon lists rs to 1891, and Tennessee
Coal and Iron division 6's 1 to S7lb:
reading 1st preferred fell rs to 47N6
Il 1s; do. seconds l to 360364; do. thirds
to 34A Q349s; International and Great
Northern seconds declined to 66.
In government bonds $4,000 common
or 1925 sold at 1879 012O1k: S17 600
coupon As of 1907 at 11O% 011O1: S35.-
'Oo do. registered 110A 0110H. and s.. 900
coupon IS at 1885. The tone of the
market was firm