The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-06

NEW YORK, Nov. 5.--Money on can
easy at 4@5 per cent; last loan at T.
and closing offered at 4. Prime mer-
camille paper 6G7 per cent.
Mexican dollars, 5O@51. Sterling eH-
change, steady, with actual business IN
bankers bills at 4S1H Q4.Sl]h Tor oo
days, and 4.84H @4-84R for oeIlaiiu
Posted rates, 4.S1h@4.S5. Commerclal
hills 4S00A81 Government DonuS
assjer.: state bonds steady; railroad
bonds lower.
Todav's stock market was compar-
atively tame affair when contraSteu
with the exceptional activity and VIDE
fluctuations on yesterday Irahsac-
lions aggregated only 3S2,2H shares'
against 54S.557 yesterday, and with
Jew executions the changes were no
greater than occur in ordinary times
Taken altogether, the tendency was TO-
ward a lower range of values ana the
fact that several stocks dlsplayeu
great strength at intervals did not pre-
vent almost the entire list from closing
under last nights final quotations.
The reaction caused no surprise, Tor
The reason that current quotations
show large profits to those who bought
stocks a few days prior 10 the election
IT is also to be said that 10 certain
extent the decline was forced In otner
words, it was brought about by the
circulation of rumors which probably
have little foundation. The most for
rnidable attack of the day was made
soon after delivery nOur, when rulnorS
sained currency in the stock exchange
that there was some doubt about the
electoral vote of Indiana and Ken
lucky, and that Consul-General Lee
had made report to the president CON
corning the Cuban situation which
would be followed by a warlike policy
on the part of the administration
Whether true or false, these stories eX-
erted an adverse influence and the mar
let yielded quickly under pressure TO
sell for both long and short accounts.
Sugar led all other stocks in point OF
activity and broke over per cent, TO
116%, on sales of nearly $4,000 shares. 1t
finally rallied to i.172s.
In the earlier trading Tobacco had
jumped from 1918 TO "a on the an
nouncement that the directors had de-
clared a cash dividend of 4 per cent on
the common stock. This, it was ar
gued meant that a settlement of a war
between the trust and outside manu-
facturers was nearing a conclusion.
Chicago Gas rose from 753l to 77]2 on
statements that the directors would
issue dividends either this week or
next. The stock finally receded to 1875
GD76. The absence of foreign support
was IelC Dy the general HldIhSI anu III
the afternoon prices showed declines
from last nights close from y to per
cent.
Manhattan was an exception, rising
to 9714, after an early drop of 3 points,
to 80. The market closed weak at a
recovery from the point. The dealing
in railway and miscellaneous bonds
was smaller than yesterday and the
market was weak in tone. The decline
which ranged from y to 4 per cent, was
attributed to realizations. The sales
We're $2.272, 900. against $4,27S, 600 yester-
day. Atchison, Colorado & Pacific 6s
fell 6. to &c; Atchison general As. /, to
1917; Chicago & Northern Pacific IL, to
341a; Kansas 6, Texas seconds, l, to
1Ss5; Oregon Short Line con. IS, certifi-
Gates, 2. to 81; Texas Pacific ends, IL,
TO q; Wabash 2nds. ?, to 20. and Wis
consin Central certificates, y, to 361s
Missouri Pacific consol 6s rose 8, to &c.
Western New York & Pennsylvania As,
TO 45. and Pittsburg, Shen. & L. E. IS,
q, to S7%.
In government bonds, $32. 900 coupon
As of 1925 sold at 1.20, and $1,000 As regu-
lar of 1907, at 1.0Ssz.