The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-17

NEW YORK, April 16-Although the
volume of business in stocks today was
not large, the undertone was strong
throughout and the character of the deal
ings improved by a further decrease in
dealings by commission houses. Conserv-
alive operators continue, however, to re-
greet the lack of broadness and the rela-
tive inferior position Of the regular rail-
way list. In their judgment the concen-
tration of speculation in this or that in
dustrial renders the bona fide investor
timid, although it is hoped that the heavy
accumulation of money at this center
nay redirect the attention of actual buy
ers tc the securities mar'-et. Today Sugar
figured fer nearly one-third of the en-
tire dealings, recording Sc, 400 shares. The
pool in the speciality continues to be active
ana its members predict 100 or higher for
the STOCK: An element of danger in the
SITUATION Is that every other man in Wall
street is bull on Sugar. The upward
movement today resulted in the cover
Ing OF considerable amount and many
bear stop loss orders were reported. In
the Sugar trade predictions of further inn
portant advances in the price of the pro-
duct are made. Today the raw grades
we're marked up Is pence. The extreme
bringing the price to 1855. The closing
was at fraction from the high level.
The trading in the general market en-
braced a number of the usual inactive
shares- London was alternately buyer
and seller of stocks in this market, and
also purchased our bonds to a moderate
extent Erie first preferred rose per
cent. and a block of the general lien
mortgage was also taken.
Buying OF Northern Pacific and Atchi-
son issues was likewise credited to
Europe The market moved irregularly
and although there were several con-
spicuously weak spots, the general trend
Of prices was upward. The sterling ex-
change market displayed an easier tend
ency. bur temporary decline in the
price OF call money to 212 per cent. was
not hailed with unmixed satisfaction, the
low figure serving to accentuate the dull
ness OF business. 1t is gratifying to note,
however, that there is no pressure of any
description of commercial paper on the
market ana choice names that some time
ego were not sold below per cent. and
over, are now quoted at 5l2 and eXcep-
2Tional cases at per cent.
IN the great crop sections delay in
seeding is more than offset by the abund-
ant moisture on the SOIL
In the railways, Missouri Pacific was
unusually active and rose Us per cent,
with partial recession. The fiuctua-
tons IN other shares were mainly frac-
tional. The closing was steady, with ir-
regular fractional net changes in the
active list.
Bonds were active and strong in for
eign purchases, notably fractional gains
occurred in the speculative issues, but in
active bonds some important advances
were recorded. The aggregate dealings
ere 81. 462, 000. Governments ruled strong
on purchases of Sis, Co.,
Money on call easy at 215Q315; last loan
3, closed per cent. Prime mercantile
paper, 5lz@e1z per cent Sterling exchange
dull and easier with actual business in
bankers bills at 4.SS1s04.S $3.50 for demand,
and 4.S7sz 4.SS for SO days; posted rates.
4sS1sQ4.S So and 4Ss5.Q49O. Commercial