Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-02-21
THE WEEKS TRADE.
Stocks and Bonds Considerably
Higher
WOOL DULL - CATTLE LOWER.
sheep are SisadJ-Wheat has Lost Two
Cents On the week--General
Business SLOW.

The wssk II cut short by holiday,
but the five days Of trading evidently
furnish plenty Of time for the transac.
ton Of speculative business In some
liner, for the last few days have been
characterized by very light trading
IN everything with the exception OF
stocks and bonds. London has been
steady buyer OF all our bes, stocks
during the entire week, and while
accompanied by no particular excite
ment, there has been n firm an1 even
strong market for everything which
promises fair interest upon invest.
menls; and the indications are that
much OF the idle money Of the world IL
hnding its way into railroad shares.
Many Of the roads which have recent.
ly completed their returns for 1895
show Increased earnings, which IL sn-
couraglng to investors and Is taken a.
an omen Of better times ahead.
The Union Pacific shows an In
crease In net earnings for tbs last year
OF nearly two millions OF dollars, and
the fight now going on IN tho Senate
committee on railroads over the pro.
posed funding bill Of the Union aud
Central Pacific, points 10 the fact that
those who are on the inside and beet
able 10 Judge Of the value OF the pro-
petties can see great possibilities ahead
for tbs next generation, ana do not
want TO lose their grip upon such vAlu.
able holdings a. these roads appear 90
be. At the same time the managers are
tying 10 make such a showing a. will
Induce the government q give them
very liberal terms for an extension Of
their obligations, with = fair prospect Of
gaining. their wishes In the end.
hut there are some senators on
the committee who Insist upon asking
very pointed questions, aud are deter
mined TO have them answered, or fall
log TO draw out the proper Information
from tho with cssos, take pleasure In
producing tdocumentAry evidence
from the report OF the Patllson Con-
| OCCASIONAL committee and other sources
70 refresh the memories OF wilnoases,
which has about the same efieut as
though the questions were fully anu
tfuthfully answered In the fitst place.
Whether the railroad people get all
they ask tor or not, one thing appears
c3ftAln-ihat those who advocate gov.
eminent ownership Of railroads ars not
likely 10 meet with much support Ia
tho present Congress.
The railroad system OF the United
States 10 immense, and the trans
action on tthe Now York stock
exchange assume vast proportions.
One day this week the common stock
Of one road, the Chicago, Milwaukee
x ~. Paul, was traded In TO tho extent
Of about million and quarter OF dol
lars, with the q. Is. a q. and Others
reaching ttansactiOns nearly a. large.
Bonds have made further advances
this week both In London and this
country. English cOnsols have rlsen
~ 40 with large orders still unified,
which could not be- executed. United
States Ps coupon bonds have advanced
to lis, showing tho Widespread de.
mAnd for Investments In this class OF
securities. The demands have mot
been confined 10 governments
either, for good railroad bonds
have been active anu IN good
demand at advancing prices.
oregon Improvement bonds have had
a slump on account OF dsfault having
been made on their half yearly
Interest, while Northern PAcino's
have been strong anu marked up 10 n
higher notch, and u looks Aa though
this property, which has had so many
ups and downs from the palmy days Of
Jay Cooke to the present time, was en-
tefing upon an era OF now prosperity,
aud that tho great future possibilities
OF the country through which IL runs
will yet fulfil all the expectations Of Its
promoters n quarter OF a century ago.
Wheat has bson duh with narrow
range and has lost about two
cents this week, anu We SOS
nothing TO modify the views
expressed for the past Two weeks. I'M
less some Unforeseen mishap to the
growing crop should come, We think It
Will work back 10 a lower level, as
other exporting countries seem 10 have
plenty Of wheat TO supply the import.
Ing countries around present prices
And 10 make concessions when large
business can be effected. This IL par
ucularly the case with Russia.
Wool seems dull aud inactive. While
the volume OF business keeps up pretty
we'll, there IL not much 10 encourage
holders, for when large sale has 10 DO
made It IN generally accomplished by
shading current quotations.
Cattle have been dull and dropping,
amounting ~ heAyiness, and an
other low record has been made,
with hogs sharing tho same fate; but
sheep have been steady with q better
demand and rather improved prices
in some grades.
General business IL not up TO tho
hopes and expectations entertained
when we entered upon the new year.
Tho smaller trade throughout the
country Is pursuing q hand 10 mouth
policy and manufacturers and jobbers
nnd It necessary to scau credits pretty
closely aud are not disposed TO push
sales Unfortunately. But merchants
enjoying good credit are much sought
altur aud can purchase on very close
margins.