The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-13
HARDENING OF PRICES
LOCKE LIKE a TERMINATION OF
THE BEAR CAMPAIGN.
Bond Market Showed Increased Ac-
tiyity and Shared In the Weak
ness of the Stock Market-New
York Bids Keenly For Bar Gold
In the Open Market of London

of the market. Today's developments
prove that there is a very large and
aggressive contingent still left in the
market The operation known in Wall
street perlance as testing the market
had for several days failed to cause
any marked movement in either direc-
ton. That is to say, short selling by
the bears had failed TO induce any
large liquidation. and purchases by the
bulls had equally failed to invite any
large followers. Skilled observers had
arrived at the conclusion that the mar
ket was due for = period Of dizziness,
barring the development Of some
markedly significant news. The hard
ening of prices last night and the fur
ther advance this morning looked like
q termination of the bear campaign.
Yet in the two final hours of the mar
ket the bears succeeded in working a
sharper decline throughout the Whole
list than has been accomplished on any
one day of their campaign. They had
no new event which could influence the
values of stock TO aid them, and no
report Of any cessation in the improve
ment of the earning power of proper
ties the shares in which are dealt in on
the exchange. The nominal motive for
the selling was the fear that our
RELATIONS WITH SPAIN
were in danger of rupture as an over
growth of the policy which General
W0odford was ordered to pursue at
Madrid. The dispatch from Madrid to
the Associated Press. carrying the
semi official announcement of the sub
stance Of SPANS reply, it was feared,
would force Mckinley to take action
that would lead to declaration of war.
Apprehension on this point became so
10 of
stocks were offered and numerous stop
loss orders were uncovered, which
gave success TO the bears. Several in
effectua attempts we're made to stem
the decline, but rallies were only mo-
mentary and fresh heavy offers kept
the liquidation to the close of the day.
Last prices we're in many cases the
lowest and the tone Of the market at
the last was very feverish. Losses on
the day extend all the way from
fraction to over 4 points, the range in
the leading active stocks being from ,
to 4 points.
BOND MARKET ACTIVE.
The bond market showed increased
activity and shared in the weakness of
the stock market though to a less ex-
tent. Total sales, 81, 100000
United States fours were advanced
Is bid.
The total sales of stocks today were
1890 shares. including:
Atchison, $3.50; do. pfd., 1920; C. &
O, $500; Chicago, Burlington &
Quincy, $3.50; Louisville & Nashville, /
14r22O; Manhattan, $500; Missouri Pa !
cific, 1850; Missouri, Kansas & Texas
pfd., $500; New Jersey Central, $500; |
New York Central, $500; Northern Pa
cific, $500; do. pfd., 26,015: Reading,
L. 025; Rock Island. 1880; st. Paul, 81 |
$50; st. Paul q Omaha - 900: Southern
Railway pfd-, 4.720; Union Pacific, 49, /
40; Union Pacific, Denver & Gulf, 400; |
Wabash pfd., $3.50 American Spirits. !
1850; American Tobacco. I6, 400; Bay
State Gas, 1850; Chicago Gas, Ga, 40; !
General Electric, 4,240; Standard Rope
& Irvine, 3,400; Sugar, q, 200; T. G. & l..
$3.50; Western Union, $3.50; Chicago |
Great Western. 1920.
BOND QUOTATIONS.
2. s. n. Is res. .I267s n. P. lists .....1a1.a |
= =. coup '"'.'1 l9as. do Is ,,...,... 5s3@
y. s. IS coup....1l978 n. Y C. & ST.
Y, ;, IDS ........ 9Sl2 L. As .........1O4
y s 5s reg u55s Nor. & ". 6s...123
Y, 5. 5s coup ..u59s Northw. coglsI43
district S-65s l0914 do. deb. 5s....1I7 !
Can 50 2ndS- -l06 ore. Nav. lists. .ll2A |
D. & r. C. lists. 11l1k Ore Nav. Is. a Il !
D. d r. q. Is =. Sg14 Ore. S L. Is
q. II. &, S. A 6s .1O5la r ...11SI |
DO ends, - 1929 Q, S. l. IS, L r. 9i@ |
II. d. L I. as. III ore. l. lists Il. r1O0 |
do. con. Is .103la do as t. tn 40lh |
Iowa C lists IS PacificGs of 81 162i4 I
y. p. Con. I. r..100 Reading As -. S45t |
X. P. lists CDen. IL. G. ". isis" SIS I
Div.) I. r......1I7 St. p G. &. p
La. n. CON. As. 81 lists 1859 |
L. & N q. Is S275 do IS 1j5itt !
Missouri 6s 100 IT. P. L. G. lists. So /
N; k ( T. 2s-, sl9l DO; reg 2nds. ', SS&
y do; q -, 49,: g q P ISIS lid
n. j. c. 5s ......112st
STOCK QUOTATIONS.
Atcllison ........ 1S2l,U. p. D. & G ~ !
Preferred .... 29l2 Wabash - ~ /
=. 81 ONO ....... l47s Preferred 49, 1Sja |
Can. Southern. 5l54 Preferred ..... H. !
SAa; y Alton LIS American EN....n7
< b - Q---- " Y. 5. Express. Is
!Jel- X Hudson -ll3 Wells Fargo l1X. IOS
Del. L. x W.---.153 Amer Coz Oil %
d. & r. o.. 1214i Preferred =
ersLerT'ed --- 10 Amer.S ptrits . 81 !
Fl Y ayne -.----l6l Preferred - 279s !
CT Nor pref. 49, Amer. Tobacco. $50
llanO-S Central. .l01a Preferred .I12la 1
Lake ShoTs LEY Chicago Gas -. S7]5 |
Louis. d Nash. 51is Cons. Gas 204
Mlanl1a'ttan l.. .I09a Com. Cable Co. 175
M; Irae;a9n' .IlS C2I. F. & I..... $50 |
No. Paelf!c 2s1a Gen. Electric -. 92lh |
NJ i,1 IS < I; 49, ~ Illinois Steel -. AZ |
y Y. Central .l0694 Nat. Lin. OH 80. I6
Nor. West -.---- 1925 Ore Imp. Co.. 1917 /
North Pacific lSl5 Pacific Mail 49, 33l%
PREFERRED .-- 50@s Pullman Palace. I72ls I
Ore. Il. d Nav. ai SILVER Ctsrtif - 56iI |
Ore. S. L. 49,. 1S% STAN. r. d tt az |
Reading -. $$34l Preferret .....ii41A
Rock Island -. S6I4 Y. G. & Iron go. q
81. Paul ........ 92ls q. s. Leather. ia (
Preferred .....199 Preferred .... 6S
St =: & ON, -1S q. s. Rubber .. 1872 |
: Preferred l40 Preferred 49,. 6l1z /
Pac.... 70 West Uns9n.... Ss55 (
So Railway - 10A Chi & n. W..l221I |
Preferred - 3115 Preferred l62K (
Texas Pacific. 2078 chi. & CIT. West. 15% |
Uuion Pacific :. 203s Preferred -. 5llb |
NEW YORK MINING STOCKS.
Crown Point -. 20 Plymouth 9 |
c. c, & VA. % Quicksilver 49, ca !
p cad 2 Il 90 Preferred -. g
Hale & Nor. l o. Standard -. Is |
Homestake .....29 90 Union Con - so I
Iron Silver ......20 SO. Yellow Jacket. :. 60 |
......... 40
SAN FRANCISCO MINING STOCKS.
San francisco. Oct. 12.-The o9kcial clos
ms qootat:ons for mining stocks today |
were as follows:
Alta So. -. IS Hale & Nor. / 10 |
Andes 49,. g Kentuck Con :. 5
Best Sc Belcher. 81 Occidental Con- I 80 |
Bullion go. 80. j OpEliT 49, 49,. IS !
Caledonia 80. =. 80 Overman -. . is |
Challenge Con-. 81 Potosi 49,. 800 CT |
CholIar 49, 49, "a Savage ~ |
Confidence =. - l 90 Scorpion 3 |
c c. & Va 81 Sierra Nevada 10 |
on Imperial 2 Union Con 49,. 81 |
Crown Point :. Is Utah Con ...... q I
t1xchequer ...... 4Yellow Jacket =. "a |
Could 6, Curry 81 Standard ........1 so |
Saver BARS .........................7
Mexican Dollars ......,,...... ...45%@ 46A /
Tlr.afts-C ic-I,lf IL |