The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-08
WALL STREET.

w ALL C1hEEI.
New York, Jan. The stock market
today was nervous and evidence was
pretty clear of support by powerful f1nan-
cial interests. There was also an active
movement of large dimensions. The in
tluences operating upon the speculation
were not changed in any material de-
gree. Reports of renewed disturbances.
both political and financial in Europe
and lower prices for our securities in
London, gave tone to the local opening
Accordingly the market started in ac-
tive and heavy Rumors OF probable
heavy exports of gold by Wednesdays
steamer. continued discussion of the gov
eminent call and the probable develop
ments incident thereto, predictions of
tight money and liquidation Of invest
ment in railroad bonds for local and for
eign account We're all taken into ac-
count. but it was soon patent to ex-
1serienced observers that strong hands
were under the market. No loan certifi-
Gates were applied for by any OF the
New York banks and money on call at
the stock exchange did not exceed the
legal rate and eventually was offered
freely at . per cent. The engagements of
gold for shipment by the mid week
steamer, though fairly large, aggregating
Sz.I55. OO. fell short o. the extreme eSti-
mates. The reports of increasing fric-
ton between England and Germany on
the TTansVaal question disposed the II
nanciai community here to consider the
prospect of trouble between this coun-
try and the first named nation in the
Venezuelan controversy as very remote
The initial prices recorded declines of 1lQ2
Der cent. but the selling movements soon
abated ard on a considerable diminu-
ton in the volume Of business a rally
occurred all along the line. The upward
movement was inspired by large pur-
chases of the international stocks in for
eign account. which led to pressure on
the part of powerful banking interests
against the shorts. The dealings for Lon
don were estimated as high as 10000
shares Late in the day the market was
tested by the bears and there was some Ii
quotation, causing receSsionS of luz per
cent Among the less active shares, some
wide changes were noted. In the final
dealings prices stiffened generally. The
closing was firm, with the changes ir-
regular.
Bond prices slumped again today. The
sales amounted to Sl,357. 600.
Money on call easy at 2d6 per cent:
last loan, per cent; closed offered at
per cent.
Prime mercantile paper, sos per cent.
Sterling exchange dull with actual bust
ness in bankers bills at 1894 for demand
Posted rates, 4SSd4.S9 and 4.90Q4. 901k
Commercial bills, 1862.
Silver certificates, 67G67iz.
Government bonds firm and higher.
State bonds inactive.
Railroad bonds weak.
The total sales of stocks today were
20, 654 shares, including American Sugar,
$500; American Tobacco. is, 400; Atchison,
$500. Burlington. 1920; Chicago Gas. 5000;
Disiilling, 3,400; Kansas &. Texas PREFER
ed, $500; Louisville & Nashville, 1860;
Missouri Pacific, $500; Reading, $500; Rock
Island. $500: st. Paul, $4,000; Southern
Railroad, 5000; Southern Railroad pre-
ferred, $500: Tennessee Coal and Iron,
., zoo; United States Leather preferred,
$500; Rubber. 400; Western Union, 10000.