The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-18

New York. Feb. 17.-Money on call
quiet at 15G1A per cent; last loan,
11s; and closing offered at IL.
Prime mercantile paper, 8 per cent
Mexican dollars. 50S4.
Sterling exchange dull, with actual
business in bankers bills at 4.S5G4.S514
for so days and 4s7@4S714 for demand.
Posted rates, 4S51AG4SS. Commercial
bills, 4.SSlz G4S414.
Government bonds. steady; state
bonds, quiet; railroad bonds, generally
! firm.
! There was falling off in the trad
ing at the Stock Exchange today The
sales aggregated 154,O56 shares against
$4,000 shares yesterday. In today S
total sugar figured for $500 shares;
Tobacco, 1920; and Leather preferred.
49, 200. These were the three most ac-
tive stocks.
Irregularity was the chief character
istic of speculation at the opening. but
subsequently the market showed a
tendency to improve. the result of a
sharp rise in Tobacco. This stock
jumped 315 per cent to 7212, and the
advance was credited to manipulation.
Sugar was erratic and closed Is per
cent lower on the day. The reports
of fresh competition and realizations
by a small pool account for the de-
cline. In the railway list Northern
Pacific and the grangers were firm,
While Hooking Valley and the Anthra-
cites ruled weaker. The first men,
toned were bought by foreign houses,
about 5000 shares being taken Hook
ing Valley stock fell IL per cent and
the bonds 51zG9h per cent 'on the re-
vival of the receivership reports. 1t
was stated that the company had not
provided as yet for interest due March
l. Nothing official. however, could be
obtained on this score. The losses in
the Anthracite group were far less
important and excited little interest.
Among the Gould stocks Missouri Pa
cific fell to 1884. Manhattan was fever
ish, ranging between S612 and S7&.
The belief still prevails in certain cir
cles that the directors contemplate a
reduction in the dividend rate This
is being used by the bears with some
effect against the stock. In the last
hour speculation showed firmness on
covering of short contracts. but in the
final transactions leading bear oper
atorS again sold and the market in
consequence left off steady to firm.
There was little news to affect spec
ulation although believers in higher
prices attempted at one time to use
the reported improvement in the iron
for stocks. The falling off in the earn
ings of the St. Paul road for the second
week of February had no influence.
and less attention was paid TO the
proceedings of the LexOw investigation
committee. The usually active stocks
show but slight changes either way.
Tobacco gained 22s per cent, while
Western Union and Missouri Pacific
lost NOES per cent.
Bonds were firm in tone today The |
total sales were 81. 237. 600 Cincinnati. |
Dayton & Ironton fives rose 20 1921 /
& Texas Central first fives, I
to 10915; L. & N, New Orleans & Mo- (
bile second skies, l to 1O3; Flint &
Pere Marquette. Port Huron fives, I
TO Is; and st. Paul, Minnesota & Man /
itoba second skies, l to 120. Columbus /
& Hooking Valley issues were very
heavy, the consolidated fves having /
dropped 51a to 6S and the general skies, /
9la 10 551s. Manhattan railway con-
solidated tours fell 1 to 94A. and Union .
Pacific sinking fund Fights. l to 90.
In government bonds $50. 900 coupon
tours of 1925 sold at 1225s G1223s: $4,000
regular tours of 1907 at 111A; and $780,
200 coupon fives at 1885.