The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-20

market oda was purely d ploiSo9AO"
II affair and the dealings were unre-
lieved by news of any especially inter
esting character. London was an IN
different factor, trading in a small way
on both sides of the account. only
three stocks made even an approach
to activity, and these were st. Paul,
Sugar and Burlington, the first men
toned leading with 1920 shares. ne
news of the day consisted chleny Oh
the declaration of the regular quarter
~ dividends upon Burlington and Ma
tionaI Lead preferred, reports of earn
ings. including the exhibit Of the Union
Pacific system for December, shoWlnS
an increase in gross of $lS3,295, an IN
crease in net of S22.544 and an increase
in net for the year of $1,S61, SO2- A shght
decline in actual rates of sterling eA-
change was also noted. Some influence
was exerted, but chiefly in the gov
bond market, by the an
nouncement from Washington that the
J. p. Morgan syndicate would be
awarded about 81 100000 of bonds, pay
ment of the installments upon which
a been defdulted by the parties TO
whom they had been originally allot-
ted.
The opening was quiet and slightly
higher all around, under the influ-
ence. of higher quotations for American
stocks in the London market. The
early gains were mainly fractional n
were the more important in the gran
ger stocks. The room raiders around
midday assisted by realizing sales sue
ceeded in bringing about declines, I'M
important except in the case of sugar,
that stock yielding rs pei cent. The
statistical reports regarding the sugar
industry continue encouraging n
further advances in various grades
We're noted today. Shortly after l p.
n. the market exhibited a rallying ten
dency On a moderately increased vol
ume of business. The closing was
strong in tone with fractional net i'm
provements general.
Business in railway and misceIlane-
u mortgages was on an enlarged
scale, the sales aggregating 2,119, 600.
The dealings were attended by decid-
cd strength, with the Northern Pacific
issues the features both in point of ac-
tivity n advance. Among the prin-
eipal advances were Chicago & North
ern Pacific firsts trust receipts and
Northern Pacific seconds 10: ditto,
thirds 1; ditto consol fves IL; ditto
trust receipts IL; Fort Worth & Dem
We city frsts trust receipts IL, and
Texas & Pacific seconds and Union Pa
cifc, Denver & Gulf firsts l per cent
Government bonds exhibit continued
strength. The new tours coupon were
again today She leaders and on pur-
chaseS of 1883, 900 rose q per cent. TO
1173s, as compared with yesterdays
final price The other issues were also
marked up sharply. The aggregate
sales were 81, 694, 700.
Money on call easy at 2 per cent:
last loan, ,; closed, ?. Prime mercan-
tile paper, 5E@7 per cent. Sterling
exchange heavy with actua business
in bankers bills at 4.S7B04S7% for
demand, n 4SeH@4.S6k for sixty
days. Posted rates. 4.S7h and 4SS1k@
4S9. Commercial bills. 4.S5%. Silver
certificates, 67%@6S. Bar silver, 671a.
NEW YORK GENERAL MARKET.
New York, Feb. 19.-F1our-Receipts.
$500; exports, 9,40O barrels. Heavy.
but closed steady with wheat.
Wheat-Recefpts. 300. Spot, strong;
No. / hard. 1914 dividend. options
opened firmer on a cold wave west
and a light spring wheat receipts de-
veIoped pronounced weakness under
acrive liquidation helped by wheat
foreign news, but finally turned strong
n recovered all the first loss on re-
ported heavy export purchases. Closed
%@k net higher; No. 2 red February
closed 72H; May. 20 1S-16Q71%: closed
71%.
Hops-Dull.
WoolEouiet.
Petroleum-steady; united. closed
1861 bid.
pig Iron-Quiet: southern, u.75@12.25;
northern. 12.00@13.00.
Copper-Firm; brokers, 1917; ex-
change, 1O.621k@10.65.
Silver, 671a.
Lead-Firm; brokers, 200; exchange,
BIZ
Tin-Easy.
Straights. 1880: plates. weak,
Spelter-Easier; domestic, 400.
Cofee-Options opened steady with
rrices unchanged to 10 points lower:
closed quiet at a net decline of 10615
points. Sales, $500 bags; March, 1850
G1e.70.
Spot Ceffee-Rio, steady; Nc. Z, 1914;
mild. quiet; Cordova, 16%@17A.
Sugar-Raw; fair refining, 3%; cen
trlfugal 96 test, Az; refined, firm.
CHICAGO GENERAL MARKET.
Chicago, Feb. 19.-Wheat-There was
a very fair speculative trad though
the range was moderate at IL. The
early trend was upward and during the
first half hour May sold y better h
it closed yesterday, the strength being
caused by the zero weather owe many
sections Of the winter wheat belt.
NnIcn leo TO some apprehension OF crop
darna2e as there are some large areas
which are unprotected by snow. But
the demand was promptly met and
buyers began to reduce their bids.
Liverpool came I'D lower, domestic
markets turned heavy and many of
the early buyers lost confidence and
began to sell out and prices declined.
THE weakness brought out more offer
ings, there was continued liquidation
and snort selling, which finally sent
the price off rs from the top figures
early. New York was S2id to have gen.
erous selling orders and many opera
tors sold heavily. Later it w 8 reported
thar cash wheat to the extent Of 100. 600
bushels had been taken and twenty
boat loads at New York and there was
a good recovery, May shorts covering
The continued moderate deliveries in
the northwest also had a strengthening
influence and before noon there a
been a recovery CT u cent. May opened
at 65A and sold to 651a, then broke
gradually to 643s. and reacted to 64%,
The market turned quite strong again
in the last hour. The sales of cash
wheat here were reported to amount
to 100000 bushels, $4,000 bushels Of It
beiag red winter to be loaded for spring
Shipment to Toledo. That gave the
market a lively boost to 65% and IL
closed strong at 65h@655s.
eorn-There was a fair business
+-anesa ted. prices responding to wheat