The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-17

New York Oct. 16.-There was nothing
to ai4xlr.5 amy urgent covering of sup
Dogts contracts IN U1day's Gllarl1eI., sucia as
is very often customary at Ithe close of
a week of bear campaign. The days mar
ket showed a firm i3lne during ilIe greater
r21t OF the Gays ur2lf1ng, bUl- l,lrN tt1ictu-
atoms were very naIllow and i.he elose
WaS at snldl declines from tae bess.
Iq1sse were n sympathy Will a. blsaelS of
x N AIsnhaNa1l OIL short sales and OF q
pJIlr IN Cll-OlgO G4ls which WAS dlle nrlcil
sur. 42.GlEy dsEnl1atsiL 2ci5n 10y ill9 BEARS dur
ing gile G2y. bun peli-15S n t-Il3 market
seemed e4uaLiy apauhettc- There was
eI6'-l buying III 'le ',W0 io3'dt-lg SpSc taHtlSS,
chicago Gas &Ll1 sugar, the Ion mff Sudai-
ly artI .buEeCi TO a purpose ot INSIDE asf.ref-
e1iS % acquire sa5ck and a gnsllsuyre TO
squeeze the sillsG's5 Missouri fac.fic offer
Ell TO some eAosl'., p:c2aoiy "A sympathy
" fah s,ae drive against Mistah@,.taA. Unocn
Pacific also eS4l.oat5d sogIae depression On
accc,.,.t Of ,ii:e expressed otlLle4s1ns Of Slne
MAXIMUM BID agreed 70 by the governor
fer ul.A sGt-sfgeL-i-l Of ITS claim and
aewe-gnent 10 ,.tNa foreclosure sun l45n-
Gcu was g. buyer ca balH15a TO-DAY 10 a
srn1A ac0IeSl-'- and afti1Tcte1 some support
10 the market. None OF the leddtnS STOCKS
slow important net changes, but mos. OF
these are gu4.I-.e.
WArGHINE FOR SIGNS.
Experts have bs.Sia Watching the market
T,JW ~ tas s.e'ls '-rAt Il t1AS turned DIP
Wards aGuAA. SUCH a PROCESS his app9r-
eallv be-A tl4ugur9Lsd twice during the
week, E,E uAe upWor1 C-iupSe came 10 a
sop VIA The cJ34Llg CT SLloTN CONTRACTS,
am ms EsAo>11el r.ez>Aned rs sway. Inc
reacr5C3Cy t.tldtlcy AIS LOW c5UIlinued
d,1mLI-LlL t0C a InCLt-n, aEl1 ule average
dlsCLuia Il tidGt- time is d60tic as rnuCh as
us me rise II llle previous four In1clll5
OF Ule bun markets. Statistics might be
CJ.5d fol- ,oEne I-IryoLtJ54l5 OF hhe reacs.Cn
10 deClane alter previous great Suil mar
k6lE, tLi, Erecs CsNts are misleading ana
various. 1Ae mann fac. - hlaE even n
tie 1usi tide on une coAat--OEls which in
duca al advance N pG15-s OF securities, II
Is llVar4bly Che VuA2 tG2t a backward
swing oeclCS covering ln9-erIAl part,
nl3ugn not tle Wl01a OF the advance me
professional Lultecs sod QUO d1er stocks
q ulCl.Ll assO at uIga uIen prices, and Ihey
do u1cL ciiU- 20 buy again 80 r5ng as Ihler6
is a prospect of causing furtheT de-
CAueS.
During the week many holders Of stocks
WHO have been persistent in holding on
4 fCr o sula nave become disguised and
| NqG.o4Nsd ON a large s-aIe 10 save taTiiAer
| loss, V.as giving na5i-erJaLestlc as 10 the
| bear ply.
EXPANSION oT TRADE.
The trade reviews all repout continued
| eXpails-CGl IN Ctletc alss ,dile Improvement
i IN uai- iGCrl industry beng especially
| marked. lile fncG ease n the ol-tlJ0h OF
| pig trcrl end the decrease IN the stocks
/ &lulCal-55 mat tTe qa-e OF consumption
has Increased abSuit 80 per cent since JNiy
I. Fu4i7,sr eaSaGsvnsnts for gold for I'm
! pcfN were eXpeoJad 20 have been made
/ i,..t, week but the purchases ~ exchange
bills against last weeks engagements
! have KEEP, the rate of exchange above the
inlPcCt po--G. Iiais was also l1wered by
! llle advance II tinia. price Of gold btullJl
and ny THE rise IN the discount rates at
L-u1on Far.s ald Berlin. a heavy move
nlent of gold before the season ends is
( clasl1eued inevitable London has can
( stnted 10 sell AmsFCal in the New York
nla~ktt and this week has been a buyeG.
( The trade 5tattqne4Ht for September shows
Z a balance of trade fer sac 4Ilc4fth in favor
! of this country of ever 81 mll.Na, Tine
! movement OF cogretA, rOw just gaining fun
/ tide, is expected to give heavy balance
/ for October in ta:s copTtry's favor 1t IS
to be BORNE IN n I'd however, that the
low price of cc't-cu prevailing viii make
/ a great differGmCa i'll uha amount OF eX-
/ change demand to pay for che eIp0Gts.
BONDS.
Railroad bonds were less active and
weak. in sympathy with 1.ocks. but the