The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-20

New York, July 19.-The stock mar
ket today was almost UNPARALLELED for
July days trading. both in activity
and strength.
Enormous dealings in bonds at ad-
Fancing prices was a fit accompani-
ment for a broadening stock market
BY all odds, sugar was the great
Feature, the traders realizing that the
defining interest had secured the re-
porting of a sugar schedule that if
adopted by congress would mean a
profitable business for the sugar COM
pany for the ensuing four years at
least. Sugar scored an extreme ad-
vance for the day of 1OS4, touching
a4412, breaking the previous high rec
ord. At the opening. 5000 shares were
sold at from 1876 to 139 Tremendous
blocks OF the stock changed hands at
almost uniformly rising prices. Thou
sands Of shares were taken by a
brokerage house reputed to represent
a most powerful interest, which is
credited with having recently acquired
large quantities of that security. The
argument that the new sugar sched-
ule would result in some increase in
protection over that provided in the
present ldN extensive Gov
ering on the part of the shorts. who,
temporarily at least, lost faith in their
previous position. The tumultuous
scene at the sugar post continued we'll
through the day. 10000 shares having
been bought and sold. In the closing
hours the stock eased of a trifie,
reaching 2% below the best, but loaned
at Il per cent premium for use over
night.
Sugar preferred also had shown an
extreme gain for the day of S per cent,
two points of which were later lost
The slackening demand for the spec
ulative leader only slightly modified
the pronounced bullish development in
the rest of the list. Standard shares.
however, showed an average rise at
the close of ! to 3 per cent. London was
caught short in both st. Paul and
Louisville & Nashville, and the foreign
purchases considerably exceeded the
sales. The railway list was generally
Influenced by further reports of fer
eign crop shortages and prediction of
improved earnings due to the excellent
progress of the American crops. A
number of prominent railway shares
made new record prices. especially the
granger roads.
Northern Pacific preferred gained
points. The bond market was featured
by enormous transactions which ag-
ST6SdLeQ S0.4zU.unt ana
tensive variety of issues. The tendency
of values was upward throughout
which thoroughly reflected the growing
confidence in the financial and COM
mercial situation. Purchases by for 1
eign interests were generally noted I
and round amounts of the speculative ]
issues were taken for local accounts. /
The extreme gains ranged up to 4 per /
cent, with oregon Improvement IS |
frl4St rpceipfS leading
Governments are neglected but gen i
erallv firm.
Money on call. quiet and steady at
! per cent; last loan l per cent; closed /
offered I per cent.
Prime mercantile paper. BOA per cent |
Sterling exchange, steady, with ac-
tual business in bankers bills at 4.S7
.S71z for demand and 4.S664. S6A
for 60 days. Posted rates, 4.ST04 STE
and 4.SS04. SS5z.
Commercial bills q So.
Silver certificates. s01z G695s.
Mexican dollars, 1873
Government bonds firm. state bonds
quiet, railroad bonds strong.
Petroleum Pennsylvania crude,
steady; August, So bid.
BOND Quotations.
rs. new As. reg. 1875 C. P. lists Of s.. 1913
Do. coup ...-.-- E4ts d. & r. g. ..1l0is
L. s. IS. reg ...-13Ss Do. * ...-.-... S7Sz
Do. IS. coup ...-1l4Ss II. * T. Cen. rs 1895
Do. IS. reg Ills Do. IS .... IOs
Do. y. reg ..... s6iS r. G. ". lists ..774:
Atcflison IS -. s6la lex Pac lists =. qsa.
c So. ends. ofdl0S [. p. lists Of 96 1888
0. & y lists iii West Shore Is .lGaia
DO. Is .-.-........ ssh l. & y. Is - 81
N p IS -..------ Ssl4 Southern Is -. sOi1
STOCK QUOTATIONS..
Cen. Pae - 9 &. P. & o.. esls
chic & Alton ..l4s DO pref 145
Chic. B. & O.. aa4 So. Pac ........ IS
chic. & E I'll 40 50. Railway - %
Del. & Hudson. -ll2 Do. pref -. 80
Del. L. & W Isl I-7ion Fac -. o.
Do. pref -. 1914 Wabash -. 0s.
Illinois Cen 80. ~ Do pref ........ 10
Lake Shore ......lssls Si.lcaeo Gas -. s5ls
Mich; Cen 1900. 90 Con, Gas .l6slE
y. J. Cen 800. $50 Do. pref ....... 9gss
y. Y Cen $50. -1gIss Nat. Lin. OIL 80. Il
Nor West $3.50 1912 Pullman Pal . 1921
No. Amer. CO. os5s Sugar ..1415s
Ore. r. & Nav. p Do. pref .....II8
Ore. Short Line lie West Union -. Sns
Rock Island 16l2 Do pref -.---.-.-163
NEW YORK MINING STOCKS. /
Cholor ........... p Ontario .........5 80
con. Cal. & Va. % Plymouth 49,. 10 !
Deadvood -..-.. = Quicksilver - 90 :
Gould & curry 20 Do. pref -. 90 ,
9omes1ake - 90 Standard -. 1 50
ron Silver 3 Iinson Con $50. 81
Mexican .-.------ y Yellow jacket .. Is ]
SAN FRANCISCO STOCKS.
San Francisco. July I9-The official
closing quotations for mining stocks to-
day were as follows:
Alpha Con ------- IiHale q Norcross 50
Alta .------.---.--. 05Julia ........ 0s
Andes -----.,-.-... 1SJustice - Ot ! ,
3elcher .----..---- i Mexican . n
Best * Belcner ~ Occidental Con :. 10
6u1lon ..---------- ~ Opnir .-----..--.... 81 {
,aiclonla .------- " ONernan ......-.- Us I
'hallenge Con -. 30 Potosi ..... IS 5
'hollar ---.-..--.. IS Savage ......... y .
Confidence - On Sierra Nevada . 80
,on. Cal * Val 20 Silver Hill - o!
,on. Imperial 81 Union Con - Il e
'rown Point 49,. i Utah Con - O7 h
1xchequer $500. - Yellow jacket 81 n
sould x Currie.. IS Standard ....f * Y
SILVER Dais ----.-.-.-..-----......-.. 69i1
eeNtcdit ,tyIdis --------.----..-----. 4Sni3
JTallS- olsnt .-----..-----.....-...--.... ILL.,
)rafts-ieiegarph ..--......-............ 20
Boston Quotations.
Boston, July 1s.-Atchison. 10: Bell ii
22s; {. B. & O.. S4sz: Mexican f,
entrabSA Oregon Short Line, ls11k; San T