The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-31
Stock Transactions VIII Be Meager
Until It Is Over.
UNION PACIFIC AFFAIRS
STILL ABSORB THE GREATEST
SHARE OF INTEREST.
Substantial Increase in Loans-Rise
of Cash Wheat Again to the Dol
lar Mark Has rengthened the
Market-Eight Million Bonds Sold
Western Live Stock.

New York, Oct. 3o-There was EtTle ac-
siYitv and small variation in prices on /
the stock exchange today except IN few I
special cases. Consolidated Gas was the !
conspicuous feature, wsth a break or /
D0affs, 10 l9A Iae sock fen several !
poarsS between sales on dealings IN single !
biVsks of 100 shares Tue largest sale was |
at u rally OF , points Consolidated Gas !
AL l9i SHOWS raGl OF 4I3a points from ,
che price on Sept III. when III som aa I
r51ag's slump was effected by She bears !
Wadl The purpose OF uncoTeqalS stos'-EosS /
orders. They arglrd 51at the result OF (
Tuesdays municipal election might be an (
organized agitation for 'do4lar gas
UNION PACIFIC
was heavy throughout on rumors that the /
foreclosure sale OF 4le property might be !
e,nioinesl The stock WIS over a point off (
one time, but rallfed o. BurlnGtn aaone I
OF the hst was traded tn to The extent of
more Than 10000 SHARES Ii Was strong on !
favorable crop, reports. from aIonS Tvs
fDes. The tCEaa Sddes ot all stocks We're
lgtl3c more lhaD lOOWv shares, Inc (
atre1sAa OF the market generally was due
20 the closing up Of CONTRACTS tor the sgl-
serYeganyS laoisdays, which virtually eX-
eend oyer 80 next Wednesday. as Nod
day s tTaslSaetycns are expected TO oe III
significant, pending the results of tue
elections, and on account of Monday be-
Sng a bank holiday TN London
LOANS INCREASE.
The substantial increase in loans of
S,C25,135 shown in rlle days bank stare
InenC : the first increase shown since The
statement of Sept. Is The contraction IN
loans from that date up 10 October - was
$l7. 3O0 made necessary by 'the sharp
demand from the interior Tor money. Al
though f'leEe have been af4,3Ne movements
Of currency from i2Gis center 70 - Louis,
during ghe week, - move the cotton crop,
the neg movement has been this way, and
mi 1f1.l1r
is needed & shown ~ vac items OF dap0sltA
Winch increased 1S.S74, coo. representing N
part che surplus fund of interior banks
The bidding n1r mercantile paper has
c0GS iIllled very active adj week. interior
banks continuing 10 offer funds in this
Department OF 5llt local money market
The increase in }Oans IN she bank state
mtGlf While partly due to purchases Of
mercantile paper IS PROBABLY due tor SAe
eANksl lss'1 - operations on account 81 me
pending C4.on Pacific foreclosure Sale
THE Unlpn Pacific has also beeu the over
shadoWing .afluegiee in Zgle stock marloet
Wtlicl has otherwise been exceedingly
n3CToW and ent1rely professional.
FEARS REGARDING L. P
Some confusion has seemed to exist IN
the minds Of hoiieIS OF Union Pacific Sc
csT~sseS at times as 10 the effect Of the
developments offered at Washington ON
thelr interests. Sat she weeks net results
show that slvy consider themselves sub
stac-tiallv worse off Than ehey were last
SatuT5ny- I'le stock feil III Oh Monday
IN postpone the foreclosure Sale l. being
feared t,laC the whole plan of reorgarlZa-
tea W-aS threatened Tle reorgalizI, On
c5Tn-n.Ihee d2lilouRcet ul3T Il would BID
tac ful! aRlouEr of The governments
claim that aitOtm -lfS made under une
plan TO Kansas Pacific security holders
Naca.s! remain reserved for 'sae reorSaniza-
sgoa Of the Kansas line, and no Change N
GAe plan Of reorganization was involYed
on calEm- 1l.s c~Up-cd VITA tle erlouAca-
tnenl Of The gave nmcct that u would Ae-
cepr this bid On the na5n Ina. rallied the
stock IulmacDn VAS Il2r crla re1cgIl-
tZlt.1n syndicate would be loser BY the
Increased bid. which .lai Increased some
Sla,NO,uO8 over dldt contemplated TOR the
whole sssteIn when the plan was made.
lions were offered fhat the increased ont
l4N by Ehe syndicate was IS be c9rYlr2r-5,7f1
OF allotment Of FIRST mortgage bonds and
preIegre1 stock The syndicate, & Is an
eoutlceI. receives par in me fleW ! yaT
Celr bonds aud SO peF cant IN 4he NE
ferred stock for rhe money turn shed nv
II. Ints. III WAS explained WlN not necas-
Sl9te me absorption Of securities 1lat
would Otherwise have accrued 10 me Irel-
SllII u the new company. hut the new
ISSUE Fl acidst59nal bonds 10 the par value
OF - least SS,0ea090.
= furtAeF DEVELOPED that the increased
bld made no provision for the subsidized
portion OF the
KANSAS PACIFIC,
the bid on that portion being considered
as withdrawn and TIE reorganization in-
tereSts living in the control OF the line
ana 4 connecting Ink which can be bulst
10 parallel that pdrli0n and c1mnlete the
sAsteTn. ii they were unable To secure tho
Kansas Pacific on their Own terms 'rhe
stock net loss on ne week W ~ g. points
She price beina aboHt what Ii MAS before.
She recent > second assessment was paul
Kansas Pacific eonsols nave also suffered
to the extent or 1875 per cent.
The activity and weakness Of Union PSI
cific and the susceptibility 10 attack of
Sugar aggravated The whole market early
in the week hut some recoVerfes we're
~
eTlnEs Of contracts in anticipation Of the
elections. The wise Of cash wheat aSdin to
the dollar mark, also has strengthened
tne market. The extra ordinary s6oyyjrsr+
OF net earnings Tor September Of the erafY,
carrying roads we're q Favorable influence
as we're the hopes OF early frosts and the
end of yellow fever
Pacific Mail has been affected bv a bad
showing in September earnings and mas
lost %. Consolidated Gas mas faneu ID
points since last Saturday. Sugar is over
points lower.
declines and burlington and Northern
Pacific preferred snow fractional gains,
Losses in The coalers were more eonspleu-
Gus, ranging up TO i per cent in Delaware
d Hudson. and 30 in Susquehanna G
Western preferred.
BONDS
In the bond market the active issues
we're lower. but only 10 the extent OF i.
fraction. except as above specified. The
total sales We're $500 g29
Z. g. new Is coupon sold at 1881. a, new
higA record, and today's bid was igS3s. T7bf
registered bonds OF the same issue sold
FOR I2T7s- q new high point. and toGav's blj
WAS I2714- The demand for these bonds i
attributed partly to the transfer Of hcsd-
ipgs in general securities Of an early ma
turing period.
BOND QUOTATIONS.
L. s. new Is res.Ig7l4 N. 4. & T. As. S5si
L. 5. new IS y. !. G. lists. ff1@
coup ,,,.,,-----l2sl4 y. J. G. 5s...u..l13ii
I. s. Is .-------ll29s n p ISts........I2D
Z s. 4s coup. 1924 n. P Is -. qeI.
L. \ 1S--------- ~ n P IS ----.--... 50
T. y IS reg ll434 Nor 4 w. Csc 1871.
Z s rs coup 1ld4i n west cons y I44I-
Can S. ends. 1919 X west debS. 5s llT5
D. d Il. q. l5ts.llli9 O. Nav 1sts..llls
d. d L. g. IS. s. 0. Nay. S.. 92l,
u & ~ q ~ II2.iOA Z Z - p 40