The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-12

NEW YORK, Nov. 11.-Money on
call easy at 3@41k per cent; last loan
at 3 cents, and closing offered at D.
Prime mercantile paper, 3Q7 per cent
Mexican dollars, 5o9s.
Sterling exchange dull and STEADY
with actual business in bankers Dliis
at 4.s2@4S2A for 60 days, and 4.oo lor
demand. Posted rates. 4.S21s@4.S6;
commercial bills, 4.SO17Q4.Sl12.
Government bonds, lower; state
bonds. dull; railroad bonds, weak
The security markets were less &C
tive today, the sales footing up 5oo,uuo
shares OF railway and miscellaneous
bonds-s2. Az, 600 AS compared with
previous days of the week, both totals
show a falling Off the tendency u
prices was downward, but the decline
was stubbornly contested throughout.
AS of late the selling was mainly LOT
professionals, who are working Tor red
son, although here and there IN the
list sales to realize profits were noIeu'
In view of the advance OF late, these
sales excite little or no comment. AT
the start lower cables from Lonuoh
and the poor showing of st. Paul Tor
the first week of November had an
adverse influence. Prices broke ia per
cent for Manhattan to 1904, and the
general market ran off Y OBS per cent,
Sugar being the most prominent. The
break in Manhattan was due 10 the
disappointment felt in certain quarters
over the annual election. 1t was eX-
pected that the new board would con-
tain at least one representative of a
leading life insurance company, but
this proving not TO be the case, recent
BUYERS turned sellers. Toward midday
the market assumed a firner tone and
commission houses reported an increase
in outside orders, the result OF the sue
cessful negotiation of the Venezuelan
treaty. AS the day wore along the
bears became more aggressive and an
unfounded rumor of the death of Cor
nelius Vanderbilt was used with soma
effect. Sugar, the Changers, Louisville
& Nashville, Western Union, Tennessee
Coal, Southern Railway, pfd., and
Northern Pacific, pfd., were specially
weak Considering the efforts put
forth the decline IN prices was unim-
portant. The fact of the matter is that
the feeling is decidedly confident as to
the future and stocks are finding ready
buyers at each concession. Confidence
was stimulated by the declaration of
the usual dividend by the Burlington
& Quincy. the action of the bitumln-
Gus coal carriers of the Ohio Valley in
forming a traffic association for three
and the successful placing of the New
York city loan. These bonds were
awarded on a basis which returns an
annual income of 80 per cent. Already
sales have been made to private in
vestors at an advance. In the late
dealings Sugar declined to 121. The
company at the opening of business an
nounced an advance of Is per cent in
Refined Sugar, but later reduction
of equal proportio was made. Man
haitian, after breaking to 1904, rallied
to 1021s and receded to 1909 Q101. Spec
uIation closed weak. Net changes
show losses of 1401 per cent outside
of Manhattan, which fell 21a per cent
Tobacco was in demand and rose to
S25s on an unfounded report of set
Element of the rate war with the west
ern plug manufacturers.
Bonds were weak in sympathy with
the stock market. Sales footed up
81, Az, 0O0 Brooklyn Elevated skies fell
. 10 so: Chicago & Northern Pacilc
fves certificates, l to Az; Colorado
Midland consolidated tours, IL to 81;
Hooking Valley general skies. l to 80;
Metropolitan Elevated seconds, 2 to
1903; San Antonio & Arkansas Pass
tours, 2 to 561a; Colorado skies certifi-
Gates. to %; and Southern Railway
consolidated fives, IS to 917s; Louis
vile, New Albany & Chicago consol-
idated skies rose l to 921A; do. general
fives, 2 to 40; and Missouri Pacific con-
solidated skies, to SO.
In government bonds, $4,000 coupon
tours of 1925 sold at 12O@120A, and
$4,000 do. of 1907 at 109A.