The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-23

Nov. 22.-There was not much change
in the character OF the general dealings
IN the stock market today, but some
special stocks showed marked strength
and some others marked weakness. Trad
ing was Tor the most part duh and mar
row and resulted in small net losses,
generally in the railway list. The North
ern Pacific stocks We're the notable ex-
ceptions in this portion of the list and
developed quite aggressive strength a.
the day proceeded. The preferred STOCK
closed with a ret gain OF Us ana the
common with q net gain OF Is. Inc mo-
tive Of the buying Was the statement OF
gross earnings for the second week IN
November, which showed an increase
over the corresponding period or last
year of $lS1, 19I, Of over 20 per cent.
Following strong statement FOR The Irst
demand for this stock by the operators
which carried the price up in spite OF
the selling for London account.
FEATURES OF THE DAY.
The feature of the days trading was
the conspicuous strength shown by the
stocks OF local corporations. on the
other hand the cOaierS were notably
weak. Outside Of these the market was
dull and without anything of general In
terst- One Of the incidents OF the DAY
was the first payment 70 the Govern
ment by the Union Pacllc reorganlzano1a
committee on account OF me lore
closure sale The amount of the payment
was $1362l.250. The transaction was Ell
fecte:. Dy transfer of credits from Inc
common account of cash deposited in one
OF the city banks to the government,
which leaves the money on deposit IN the
same bank. the bank having placed gov
ernment bonds in the treasury at Wash
ington as security. The transaction was
completed without creating Z ilpple III
the money market. The remainder OF
thG purchase price is TO be paid IN four
equal inStelments, the first OIL WHICH
VIII be paid on Dec. and the remain
ing at intervals Of ten days. Each IN
stallment is about IS, $40, 600 and no appre-
hension IS felt that they viii create any
disturbance in the money market
BONDS STRONG.
The bond market was quite strong and
Showed considerable activity High
grade bonds We're in special demand and
were stiffiy held, the offerings being
light. Foreign holders continued to sell
this class of securities invited by the high
prices prevailing. Total sales. Sl.591.eGO.
L s. IS coupon of 1907 rose u bid tc
1l4lk and sold at that which is equal
TO the price of the 5s. The new As We're Is
hi=her bid.
MONEY MARKET.
Money on call steady at 11a@2 per cent;
last loan 215 per cent; closed , per cent.
Prime mercantile paper 3l4G4l2. Sterling
exchange steady with actual business il
bankers bills at 4S5la0iAS53s for demand
and 1929 Q4.S25s for SO days. Posted
rates, 4SS4G4S6ls Commercial bills
4.S2iz.
Silver certificates 5Sd59. Bar silver 5Sss
Mexican dollars 455a-
Government bonds strong; state bends
dull. railroad bonds strong.
SALES OF STOCKS.
New York. Nov. z2-The total sales OF
stocks today We're 1Sl,700 shares, inelud-
inz: c. 3. & @. 1851: Manhattan. 1856
Metropolitan railway. 9725; n. j. Central
1856: Northern Pacific. $40; Northern
Pacific preferred. 23.5SO; Rock Island
COCO; St Paul 12.443; Bay State Gas. A,040