The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-04

NEW YORK. Feb. 3.-TodayS STOCK
speculation was almost entirely profess
sional. The volume Of trading showed
2 considerable contraction compared
with recent record and the business was
indifferently distributed. London as
had been expected, came lower Tor
Americans. but the losses below New
York parity did not breach full figures
There vas also some selling for for
eign account i n this market on the pas
sage in the senate of the free silver
substitute to the house bond bill. Inc
same influence was operative in cauS-
ing a lower range of. prices. 1t was
also feared that the success Oh Inc
government bond issue, as a popular
loan. might ne -jeopdrdized. toreiGh
bankers. however, held conf1lctlng
views ON this point. On tha one hand
It was suggested that the largest eX-
pected German subscription for the
bonds. amounting to about $29,OU0'Ouo
might be withdrawn wholly or IN part,
while other interests made the point
that it was just as fully recognized
abroad as in this country that defeat
awaited the free silver measure, either
in the house or at the hand OF the pres
ident. Domestic subscriptions for the
bonds were very large. Bids for $l6,-
OOO.O 900 were received by the United
States Trust company in the last hf-
teen minutes Of business and 1t is
trustworthy stated that the institu-
ton named viii put in a bid for con-
siderably more thar one-half OF the
entire loan. Sugar led the market in
point OF activity. The industrials dis
played the greatest weakness, the de-
clines being attributed to special inf1u-
ences. Lead broke ~ per cent. on
the announcement of the death of Viii
liam 2. Thompson, the president of the
Sugar scored a loss of about
as much, on successive reductions re-
ported in the prices Of domestic refined
sugars, and on revived rumors of i'm
pending action by the German reichs-
tag increasing the bounty paid on SUI
CARS exported from that country.
Missouri Pacific was the feature of
the railroad group, declining . per cent.
without attending explanations or COS
sip. The drop in price was eventually
accredited to liquidation by insiders.
Around ! o'clock the market enjoyed a
sharp rally Covering of shorts was
the handspring Of the movements in
dueed partially by marked weakness
in the sterling exchange market. Post
ed quotations were reduced l per cent.
by a leading drawer and sharp con-
cessions We're also made in rates for
actual business. In the late dealings
the market was ~listless. The closing
was steady at a rally from the lowest,
but with general net losses resulting
from the days operations.
Railway bonds ruled dull and lower.
The declines were material, however.
III only one or two instances. The
sales were $1.112,0 900.
Governments We're comparatively ar
i've, $4,000 being dealt in at note
worthy advances over the bid quota
tions.
Money on call firm at 1906 per cent.
last loan D, closed . per cent. Prime rer.
camille paper 6QS per cent.
Sterling exchange weak and loUer with
actual business in bankers bills AT AS7@
@48 for demand, and 4S6&04.S7 for 60
Posted rates 487a4sS1ha4so; CONNER
Q67A. O'+
NEW YORK GENERAL MARKET.
New York. Feb. 3.-Wool-Outet
Petroleum-Dull.
Coffee-Options opened steady at 5615
points decline: closed easy at net decline
February 12.z06l2.30.
SPOT ,coffee-Rio dull; mild dull and
nominal; sales 100 bags Maracaibo o. [.
Sugar-RaW firm. Refined quiet.
COPPER-Quiet and firm: brokers'
price 1O1212; exchange price 10.OO01O1O
PIG IRON-Quiet
LEAD-Firm: brokers' price . On. ~
change price 3.071a.
TIN-Quiet; plates steady.
SPELTER-Dull: domestic 4Oo. nom
inal
CHICAGO GENERAL MARKET.
The leading futures u,era q, Lii