The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-18

NEW YORK, Feb T.-Speculation
on The stock exchange today was main
" confined to the home account owing
10 the fact the London stock market
was so narrow as TO afford little OPP
1ortunity for arbitrage operators here.
The local trading was in lighter vol
une tnan of late, but the dealings were
characterized by a decidedly nrm
tone and the trend of figures was up
ward. A factor of strength was the
lack OF a pressure TO sell in any OF
the pools. The general market was
somewhat depressed in the early trad
ing owing to the development OF re-
alizing movement which spent its force
though assisted by lower prices from
London. The industrial shares were
weak. but the only reactions exceeding
fractions were in sugar and leathet
preferred. which yielded l per cent
each. The declining tendency was
checked before midday by the appear
ance Of purchasing orders IN the tedu
ing shares and the announcement lhaI
the government gold reserve had beeh
Increased to over S1OO 00G. 900 helped the
upward movement. There was some
sharp covering in the afternoon, winch
resulted in a gain of rs per cent IN
sugar with fair advances IN the rest
of the list Pacific Mail was an eX-
cention and fell off p per cent on
rllmor that a MISUNDERSTANDING Hau
arisen between that company and the
Panama railroad as to the amount oil
business turned over to the railroad
from san Francisco under the agree
ment between the two companies IN
the late trading the market was rather
quiet, but was strong in tone and the
closing prices were at or near the pest
of the day
The bond market was quiet, but gen
orally firm The Northern Pacific is
sues were conspicuous in the dealings
and displayed pronounced strength, the
seconds gaining Ia per cent, and thirds
and collateral trust SKIES per cent
The action of holders of Oregon I'M
provement firsts in combining for mu-
tual protection owing to default IN
the serni-annual interest, was reflect
ed in a drop in the issue of 612 per cent
TO S21: same, consol fives trust re-
ceipts also fell per cent to so. The
aggregate dealings were St,SOO020.
The government bond market ruled
strong and higher with q continuance
cf heavy trading in the new fours,
coupon, at I162s@116%4- The total sales
were $780, 51.
Money on call, easy at 4@41z; last
loan, 4: closed, 4
Prime mercantile paper, 51z@7 per
cent.
Sterling exchange. firm, with actual
business in bankers bills at 4.S194 G4-SS
Tor demand and 4S615@4.S6% for sixty
days; posted rates, 4.s7@4.SS and 4.SS1a
@1AS9 commercial bills, 4-S52z.
Silver certificates 673z 067k.
NEW YORK GENERAL MARKETS.
New York, Feb. 17.-Flour-Receipts
Il. 400: exports. 1880 barrels; weak
and nominal on spring patents, little
demand for winter brands
Wheat-Receipts, 900; exports. 100, 900;
spot, weaker; No. . red, 1879 f. o. b.;
No / hard. 741z delivered: options
opened frmer on higher cables, ruled
if~e~-Ilar during the forenoon under
conf1lC ing news. with decided weak
ness ewing TO disappointing visible
supply statement and a large increase
on passage, which led to some liquida-
ton, rallied on rumors of export pur-
chases for Australia, closed 3s@% low
er; May, 117@7212, closed, 715s.
Hops-Dull.
Wool-Dull.
Petroleum-steady; united closed 139
bid
Pig Iron-Quiet.
Copper-Steady; exchange. 1O.5O@
1852.
Silvei-673s.
Lead-Steady; exchange, 5.15
Tin--Steady; straits, 13.40@13. so;
plates. quiet
Speiter-Quiet.
Coffee-Options opened steady at 5
610 points advance. Closed firm at II
@2o points net advance; sales, 1000
bags; February, 12.65Q12.75; March,
L. e0612.65
Spot Cofee-Rio. steady: No. Z. 1917 !;
mild. steadier; sales. 250 bags Santos.
Sugar-Firm; refined, firm and fairly
active; No. 6, AS.
CHICAGO GENERAL MARKET.
The leading futures ranged as follows:
WHEAT-No 2: