The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-12
Trust Investigation Depresses
Certain Stocks.
BAR SILVER WAS STEADY
WHEAT TAKES A DIP" ON
CHICAGO BOARD.
Cattle Receipts Fair, With a Good
Demand-Active Demand For
Sheep-Liverpoo Grain Market
Poor-Bonds and Stocks-Other
Markets of the Country.

New York. Feb. 11.-Money on call
easy at 1902 per cent Last loan at
IL. closing offered at IL per cent.
Prime mercantile paper. per cent.
Bar silver. 64A.
Mexican dollars, 6OA 0515s.
Sterling exchange strong, with actual
business in bankers bills at 4.S4s< Q4S5
for 60 days and 4.S6l.q4.s6% for de-
mand. Posted rates. 4.S515G4S71s.
Commercial bills. 4.SS1sQ4S415. Govern
ment bonds firm; state bonds dull;
railroad bonds easier. Silver at the
board was steady.
Weakness characterized the dealings
during the greater part of the days
session at the stock exchange Two or
three rallies occurred, but they were
short lived, the bears renewing their
attacks, especially upon the indus
trials, at every opportunity. 1t is to be
said that the railway list, as usual of
late, was relatively firmer than the
industrial groups and in the cases of
the grangers, Louisville & Nashville.
the coalers and Missouri Pacific. the
losses were only Sass per cent. The be-
lief that the statement of the ST. Paul
y .
which showed a moderate increase over
last year is the precursor of
generally better traffic relations,
had sustaining influence on
railway stocks. Northern Pacific pre-
ferred was an exception and yielded a
full point. London was a seller of this
as well as other international stocks. a
fact which operated against an adj
vance here Leather declined is. TO 81:
Rubber, 4. to 1919; preferred. pa, TO
6SA. Tobacco, q, TO Ga, and Sugar, rs,
to LIS.
The investigation into the affairs Of
the trust is still the main factor in de-
creasing this group. AS result of the
sharp cut in the prices of steel rails
and the heavy contracts, estimated at
about S5,0O0.000. made by the Illinois
Steel company, iron and steel stocks
continue weak. Illinois Steel fell IL.
TO 32A; Tennessee Coal and Iron, l. to
ISIS; Minnesota Iron. which last sold
at 30, was bid for at so. At one time
the stock was offered at As; Chicago
Gas was comparatively firm on reports
that the bill to permit of the cOnsolida-
ton of the constituent companies will
soon be introduced in the Illinois legis-
lature and will be passed by that body.
The dealings, which were almost en-
tirely professional, aggregated only
l23.595 shares. Sugar figured for SO. 200.
Leather. preferred. for "A, 400: Tobacco.
for 1000; Northern Pacific preferred.
for 100; st. Paul, for 1000: Atchison
preferred. for $500; Reading. for 400.
and Burlington, for 1000 Nothing else
figured for as much as 5000 shares and
in a number of stocks speculation
was practically at a standstin. The
market closed rather weak in tone Net
changes show losses of 4 to 12s per
cent, Leather preferred leading.
The bond market was easier. Sales
were S1,S3S.0O0. Atchison adj. As fell q
Denver & Rio Grande As. /: Erie prior
len As. z; Missouri Pacific con. IS. IL:
Northern Pacific con. 5s. IS: Oregon
Short Line 6s, q; ditto con. 5s. y.
Union Pacific sinking fund IS rose /.
and Kentucky Central As. IL
In government bonds. 50. 900 coup. As
If 1925 sold at LIS G122A $4,000 ditto
u 1907. 112&; $4,000 ditto regular, at
HIS, and $4,000 coup. LBS.