The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-15
WALL. STREET


New York, Feb. Manipulation by
the speculative leaders was again the
feature of the stock market. Outside
business was very light and there was
a dearth of news bearing legitimately
upon prices, aside from a disappointing
turn in the London market for our
securities. The usual conflicting and in
consistent gossip was circulated re-
garding the active industrial stocks,
and they exhibited relatively much
greater activity than the railroad list.
The course of prices was erratic. Lon
don had been expected to follow the
strong closing OF the local market, but
as matter of fact prices from that
center showed declines OF. AG1A per
cent and subsequently foreign selling
in this market effected further losses.
The London weakness was ascribed to
the apparent renewed friction over the
TransVaal situation and to the dis
couraging estimates by leading Euro
pean f1nancierS as TO the net results of
the new loan in strengthening the
treasury reserve. The point made sew
eral days ago in these dispatches that
good authorities did not figure out
more than 100000 of new gold from
this loan, is now more generally ap-
preciated and bear capital was made
out of it yesterday and today. This
is not Illogical in view of the ap-
preaching spring imports season when
a fairly large large outgo of gold is
normal. Sugar led the entire market
in point of activity. The stock al the
outset displayed aggressive strength IN
pool manipulation, based on calcula-
tons as to its abundant resources and
large earning power, expectation of
the payment of regular dividends now
impending and further advances in
foreign sugars. An advance of 23s per
cent was engineered, carrying the
price to lis.
The stock market lost large part
of the improvement in sympathy. with
the general heaviness at the close
The railway shares, as a group. were
not especially noteworthy. There were
slight declines early, but there was a.
subsequent general improvement at
about last nights closing under the
influence of a buying movement that
was in progress around l O'Clock.
Weakness characterized the market in
the final hour. The closing was rather
quiet and weak. with values ruling at
low point. The bond market was
dull and generally firm. Sales aggre-
gated S1.160,000
dealings of S5S4,00O.
NEW YORK GENERAL MARKET
New York, Feb. 14-FIour-More ac-
tive on spring patents mainly at $3.50;
winters were quiet, but firm.
Wheat-EXports, III 500 bushels.
Spot market irregular; No. . red. SO1a
fob. S212 afoat. Options opened weak
under disappointing cables, but met
good buying orders and turned strong.
assisted by small spring wheat re-
ceipts. cold wave west, active covering
and liberal clearance and later cash
demand here and west with an entire
loss of the advance due to general re
aliZing. closing 81 net loss No. 2 red
Feb. closed 1873; May, 70 5-16@73 7-16;
closed, 721a.
Hops-Heavy.
Wool-Quiet; domestic fleece, 1922:
pulled. 49,
Petroleum-Dull; united closed 1929
bid
Pig. Iron-Fairly active.
Copper-Firm; brokers, 1850; ex-
change, 1850.
Lead-steady; brokers, 500; ex-
change, 3.1215@3.15.
Tin-Quiet; straits, 13.45@1950.
PlateS-Quiet
Spelter-Firm; domestic, 4.O0@4.1O
Coffee-Options opened steady at a.
decline of 10G15 points; closed quiet at
5@20 points net decline. Sales, $500
bags; March, 12.45@125O.
Spot Coffee-Rio market steady: No.
Z, 1875; mild, quiet; Cordova, l6% @1734.
Sugar-RaW, firm; refined, quiet.
CHICAGO GENERAL MARKET.
The leading futures ranged as follows: