The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-16
No Sign of Interest in Yesterdays
Stock Market.
TRADE LARGELY IN SUGAR
TREASURY DECISION CAUSED
GOOD BUYING.
Dizziness of the Market Due to Lon
don and European Politics-Coal-
ers Weak-General List Showed
Losses-Total Sales Less Than
10000 Shares.

New York, Nov 15.-Wau street has
not seen such a dull day in many
months. Even the professional traders
We're almost out of the market. and
there was absolutely no outside in
curry or sign of interest in the market.
large proportion of the days trading
was in Sugar, and this stock fell away
at one time 25s points. but closed IL
above that. The rally was due to a rul-
ing by the treasury department to ap-
ply the countervailing duty clause of
the tariff bill to refined sugars imported
from Denmark. The amount of sugar
available for import from Denmark is
not, in itself, large, but the treasury's
decision was regarded as indicating
course likely to be adopted in regard
to Dutch refined sugars, of which the
supply available for import is large.
This rally in Sugar helped the market
somewhat, and was the only indication
of strength during the day.
RAILWAYS.
The transactions in Susquehanna &
Western preferred suddenly mounted
up to 341s, net raise of 21a, and the
6onds Of that company also showed
some sharp gains. No effect was exer-
cised on the general market by this.
Northern Pacific preferred was rela-
lively firm in the railway list, on ac-
count of the increase of earnings shown
by the first weeks statement of $780,
360, or 43 per cent over last years earn
ings for the same period this year. But
the showing was regarded as strong,
nevertheless. Peoples Gas, which was
dealt in eX-dividend of IL per cent,
was a center of depression, and closed
a point lower.
The coalers were also weak. New Jer-
sey Central most conspicuously falling
at one time 21a points, but rallying a
fraction Consolidated Gas made one
Of its characteristics slumps of points,
to $50. This was points lower than the
previous low point of the present move
ment. The stock rallied 1c after the
close.
EUROPEAN CONDITIONS.
The heaviness and dullness of the
market was partly in sympathy with
London, where the prices of securities
showed declines on account of some ap-
prehension over European politics, due
to the threatening conditions on the
borders of Turkey. There was some dis
appointment over the failure of the
supreme court to hand down a decision
in the Nebraska maximum freight rate
case before it's two weeks recess
Closing prices are considerably above
the lowest of the day in most stocks,
but the general list showed general
losses of a fraction exceeding u in most
cases. Some selling for London ac-
count added to the weakness The
total sales of all stocks was less than
10000 shares, of which Sugar made up
most Oce-fOurth
The bond market was dull, but prices
were firm Total sales, 81, $50, 900. United
States SIS coup. were Is higher bid.
MONEY MARKET.
Money OF call steady at 21b@3; last
loan, 2; closed, 1902 per cent. Prime
mercantile paper, 315@415 per cent.
Sterling exchange firm. with actual
business in bankers bills at 4S5b0
1858 for demand, and 4.S25s@4S234 for
&C days. Posted rates, 4.S31a@4S61a
Commercial bills 1922.
Silver certificates, 5S14 @59. Bar silver,
577s. Mexican dollars, 4515.
Government bonds firm. State bonds
dull. Railroad bonds firm.
SALES OF STOCKS.
Total sales of stocks today were 49,
700 shares, including: C. 3. O., 1888;
Louisville & Nashville, 1921: Northern
Pacific preferred $3.50; Rock Island. 49,
055; st. Paul, 1860; Bay State Gas 20
40; Peoples Gas, 1890; Consolidated
Gas, 1927; Western Union, 1852; Sugar,
Sd 049