The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-15

New York, Aug 14-In the early
aiding at the stock exchange the ten
dency of prices was downward, Lon
don cables reaching a slightly lower
range for American securities. Arbi-
TRACE houses sold about 5000 to 1000
shares of St Paul, Louisville & Nash
Vile. and certain of the low priced is
sues. An average decline of about y
per cent resulted, but the bears were
less demonstrative than OF late. The
continued ease OF sterling exchange
and the ability OF stock exchange Dor
rowers to secure funds at 3Q4 Per cent,
created a little more bullish feeling. AS
Ehe day advanced and Il was cabled
from London that Mr.. Balfour in par
hament had stated that the outlook
for the settlement of the Venezuelan
boundary dispute had improved, the
market developed positive strength. AS
of late the shorts were the heaviest
buyers, and it is not amiss TO say that
Investment orders are few and far be-
tween. This condition is likely to con-
Finue until the commercial situation
improves. The reports of failures from
day to day and the indisposition of the
banks to lend money on time is not lost
sight Of by any means by stock operat-
ors. AS a rule the bes. prices of the
day were current about . o'clock One
OF the leading bears was a prominent
buyer at this time, and-it is estimated
that he succeeded in covering about
10000 shares OF Sugar and ST. Paul.
Manhattan, however, scored the great
est gain. rising from "a to 1872. Sugar
rose from 10qSs 10 1903 burlington &
Quincy. from $685. to 60; Consolidated
Gas, from 1885 to 143; Tobacco, from
L a.
to 9S12. In the specinlties. Minnesota
Iron fell 10 al and rose to 81. New
England was bid for at 20 against So,
the last reported sale at the stock ex-
change. Louisville, New Albany &
Chicago stocks were steadier on state
ments by President Thomas that the
company viii contest the claims of the
Beattyville bondholders to the end.
Present officials of the Monon COM
pany assert that the guarantee of the
bonds was irregular. In the late deal
1ngs Manhattan dropped and the gen.
erai list a to y per cent. Money work
ed closer as usual Later on there were
offerings at per cent. Speculation
closed easier in tone. net changes show
sng gains OF Il to 25s per cent. Man
haitian leading. General Electric To-
5acco and Louisville & Nashville made
slight fraction losses. Today sales were
IUI,25O ShaneS, lncdUGlEls5~ 500 Sugar
and 4,S00 st. Paul.
The bond market was higher. Sales,
1,02Z. 00o Chesapeake q Ohio general
41zs rose rs 10 677s; Burlington &
Quincy IS, 5 to 30: Kansas & Texas
seconds, l14 10 80; Wabash seconds, 214
to CO; Lackawanna- & Western first 6s.
TO 125; regular As, 10 Y.
In government bonds, 1000 coupon
IS of 1925 sold at 119; $4,000 coupons of
1907 at 106% Ql0615; and $4,000 coupon
IS at I19.
Money on call ffrmer at Sh67 per
cent; last loan at 4 and closing offered
at /. Prime mercantile paper, $685.
per cent Bar silver. 675s; Mexican
dollars, 52z @545a; sterling exchange is
weak, with actual business in bankers
bills at 4.S65z @4.S61z for sixty days and
4-Sf5z CASTE for demand. Posted rates.
z.S7@4.SS Commercial bills, 1861 "a
4.S5s4.
Government bonds. higher; state
bonds, dull; railroad bonds. firm.
Silver a board was quiet.