The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-17
Helped to Preserve the Strength of
the Market.
STRENGTH OF RAILWAYS
MAINLY DUE TO OUTLOOK FOR
BUSINESS.
Another Remarkably Dull Day on the
Exchange Prices Kept Above
Yesterdays Level-London a Sell
Ter in the Market-We stern Mar
kets.

New York, Nov. 16.-TOday was an
other remarkably dull day on the stock
exchange. The only spurts of activity
were due to the manipulative maneu-
vers on the part of the professional
traders. They were notably manifest in
Consolidated Gas, which jumped up
and down the price scale a point at a
time all day, but always with a level
below last nights price. The decline
extended to AZ points at one time but
covering at the close left the stocks
net loss only fractional. The weak
ness of local gas stocks is due to fears
of a failure of plans alleged to have
been in contemplation for the amalga-
nation of the local gas companies.
ACTIVITY OF SUGAR.
Sugar continued to lead the market
in point of activity and it's strength
during the day helped the general
strength Of the market 1t rose at one
time points but a reaction, due to
realizing sales on a short turn, left it's
net gain fractional. Others of the in
dustrial stocks, notably the cotton
stocks. Tobacco and Leather preferred
rose sharply on traders purchases, but
for the most part, however, was firm
i'll the face of the dullness, prices con-
except a small decline just at the OPEN
ing. This decline was in sympathy
with the heaviness of American securi-
ties in the London market. London
was also a seller in this market of
American stocks.
RAILWAYS STRONG
The strength of the railroad list
mainly was due to the continued good
l. f.,- h.
ment having been resumed in force
and very heavy movement of cattle
being reported by some western roads.
Manhattan was havy all day, nor did
it rise above yesterdays level. The
Rubber stocks were also somewhat de
pressed. There was no news bearing
on either of these properties. The
heavy tone in Omaha, alone of the
grangers, was equally without expla-
nation. Northwest, the parent stock,
gained a point net, as also did Rock
Island. The market was exceedingly
narrow both in the volume of the deal
ing and in the movement of prices ex-
cept in few cases, prices showing
fractional net gains on the day.
The bond market was fairly active
and showed Improvement for the most
part. Total sales, s1,115, 000 United
States As coup. and the SIS coup. are
Il lower.
MONEY MARKET.
Money on call, steady, at 11s@2 per
cent; last loan, 2; closed 1902 per
! cent
| Prime mercantile paper, 31s@41a.
Sterling exchange. easier. with actual
| business in bankers bills at 4.S5A for
demand and at 4S2A for 80 days; post
ed rates, 4-831a @4.S61a; commercial bills,
4.S2.
Silver certificates, 5s@59; bar silver,
58A; Mexican dollars, 46
| Government bonds, firm; state bonds,
| dull; railroad bonds, firm.
SALES OF STOCKS.
Total sales of stock today were 1885,
800 shares, including: Atchison pre-
ferred, 4,505; Burlington, $4,000; L. &
N, $500; Missouri Pacific, 3,1OO; North
ern Pacific preferred, 5,315; Rock Is
land, 1923; st. Paul, 1880; Union Pa
cific, $500; American Tobacco. 4.160:
+ Bay State Gas, $500; Peoples Gas,
1885; Consolidated Gas, 1926; Sugar,
pONn OTrO-r u,rON-c