The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-04
Stock Exchange Takes on 9 More
Lively Air.
LEADERS SHOW GAINS
REPORTED RAILROAD CONSOLE
DATION Has ITS EFFECTS.
Sugar Depressed-Sterling Exchange
Inactive-May Wheat Lower
Pork Also Down-Hogs Higher
Railroad Rumors Have Consider
able Effects on the Markets.

New York, Feb. 3.-Money on call,
easy at 11k@2 per cent; last loan, liz,
closing at ~ per cent. Prime mer-
camille paper, 8 per cent. Mexican
dollars. 5OA @515s.
Sterling exchange, inactive, with ac-
tual business in bankers bills at 4.S4i5
@4.S4% for 60 days and 1864 @4.Se
for demand. Posted rates, 4.S5Q4-S715.
Commercial bills, 4.SS@4.S4.
Government bonds, easier; state
bonds, dull; railroad bonds, firm.
There was an increase in business
at the Stock Exchange today, and at
issues showed slight net gains. The
movements in prices at the opening
were irregular, the poor showing made
by st. Paul and Rock Island roads
Tor December having led to moderate
selling. Foreign houses were sellers OF
Union Pacific at this time, but later
in the day they changed front ana
bought the stock. The report that a
block of Oregon Navigation stock had
been sold to parties friendly to the
Northern Pacific-Great Northern
Union Pacific interests accounts for
the firmneSS in the afternoon trade.
1t was announced that all three roads
will work in harmony, and there VIII
be no cutting of rates or diversion or
traffic in the future. The deal, ac-
cording to those interested, will be or
great benefit to the three roads. New
York, New Haven & Hartford, after
selling at 164@165, closed at 166 bid,
with no stock offered. The recovery
was due to an official denial that the
company intended to issue new stock
or reduce the dividend rate. The
usually active railway lists fiuctuated
within very narrow limits, and the
trading was on limited scale. Lon
don and German houses, in addition TO
buying Union Pacific, purchased mod
crate lines of ST. Louis & San Francisco
and the Northern Pacific. The st.
Louis & San Francisco issues were
more prominent than for some time
and moved UP u to 23s per cent. In
the industrials, Sugar was depressed
in the early session, falling point to
1151s on the revival of Washington re-
ports of unfavorable tariff legislation
throughout. The anthracite and BIZ
luminous coalers, the Gould stocks and
the trunk lines were without special
change. Long Island developed weak
ness and on sales of las shares fell 3%z
to 4S. The total sales were 1872, 123
shares, including $1,000 Sugar, 10,2O0
Union Pacific and 1920 Burlington.
Bonds were higher. The sales footed
up 2450, 900. Ann Arbor tours rose 1
to 80; Atchison general tours, q to
S215 do adj, u to 49; Buffalo, Roch
ester & Pittsburg fives, 2 to 9S1s; Iron
Mountain firsts. 1s4 to 1919; Kansas
City & Pacific tours, 11s to 631a; Long
Island consolidated fives, to 116;
Erie general lien three-quarters. 1 to
sc; Northern Pacific consolidated fives,
y to SO: do. thirds, y to S215; st.
Louis & San Francisco class B, IA to
1853 ST. L. l. &, NJ, 1 to %; Wilkes
barre & Eastern fives, 1 to 80; and
West Shore coupon tours, q to 10S.
In government bonds, $54. 900 coupon
tours of 1925 sold at 12214@1221a.