The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-30
Bears Attack Sugar, Gas and
Local Stocks.
LONDON IN ON DECLINES
LOWER RATES QUOTED FOR
STERLING EXCHANGE.
At Chicago the Wheat Market Was
Up and Down the Entire Day
Boston Reports a Steady and Bet
ter Demand For Wool-Cattle and
Hogs Sell Well, Provisions g
Shade Lower-General Markets.

Shade Lower-General Markets.
New York, Sept. 29.-Today's stock
market still further demonstrated the
| changed character Of the speculation
| and the entire subsistence of the recent
/ rampant bull spirit. The bears were
! more aggressive than at any time here
| fore and met with scarcely any oppo-
sition. They seemed somewhat appre-
! henSiVe over their own success and
bought quite steadily The result was
! TO make net changes quite Irregular
| But the largest figures were on the side
| Of the losses The bears succeeded in
| dislodging a number OF stop loss or
! ders of weakly margiued speculative
| holdings and there seemed to be more
| long selling than has been the case
| heretofore. The declines extended from
| one to four points and with few eXceD-
! tons affected every active stock on the
list. The bears were apparently salts
| fed to realize on a short turn and not
| leave accounts open over night. 1t was
a notable fact, however, that whatever
animation was shown was during the
! decline and the. recovery was slow and
| batting and on much diminished vol
ume of trading. The centers OF bear
attacks were stocks of such uncertain
value as Sugar, Chicago Gas and the
| local gas stocks which have lately
( proved so easily subject to manipula-
! ton. The evidence of a reaCtionary
! tone of the speculation was shown in
! the ready eredenee given to all rumors
of an unfaYrable character.
LONDON IN THE MARKET.
In the same way as the improvement
| in business was early discounted in
! Wall
! cieS are now largely taken account of
! The sensation of the late pool buying
J on a large scale calls attention to the
! large amount Of stocks which are spec
| ulatiVely held And to what would
! enSue from an untoWard incident that
! would precipMate a sharp decline and
| bring a food of selling on a falling
! market. such occurrences as those of
! today do much to eliminate these ele-
! rnentS of weakness and are creating a
| short interest which would be a stiTnu
| liant upon any occurrence of a bull
| movement. London continued to show
disposition to put money into Ameri-
| can securities ON any decline. An in
I cl0eEft of the day was the lowering of
| the actual rates for sterling exchange
! Il and a fail in the Paris rate of eX-
! change on London Each of these Incl
dents indicated g recurrence of the
| pressure of the demand ON London for
/ gold. Near the close Of trading on the
exchange it was reported that offers
we're made of call loans at per cent,
but slight significance was attached to
the offerings having any bearing on the
money market, in which "a reG CGltiTl-
ued firm. The market closed generally
lower.
BONDS AND MONEY.
The bond market did not yield 50
readily as stocks, but prices of the
/ most active issues declined a sharp
fraction. United States Is coupon 1907
advanced Is. Total sales, 81, O00,0 COO
Money ON call steady at 203 per cent:
last loan, 2 per cent; closed 2 per cent.
Prime mercantile paper. 4A05 per
cent.
Sterling exchange steady. with act
! ual business in bankers bills at 4S43s@
4.So for demand. and at 4.S21564 9234
for 50 DAYS. Posted rates, 4.S31aG4.84
! and 4.S6. Commercial bills, 4.S115@4S12l.
Silver certificates, 541eQ55. Bar silver.
| 531a. Mexican dollars. Il.
SALES OF STOCKS.
Total sales of stocks today were 491,
500 shares, including: Atchison, 1856;
| do. preferred, 12.203; Chesapeake &
! Ohio, $3.50; c. b. & O.. 80, 1850: Louis
! vile & Nashville, 1855; Manhattan,
1879; Missouri Pacific, $3.50; NJ. Il. &
I l. "a N1NllC li 'sSlOs ~. 81. central. O.I4U.
( New York Central 1905; Northern Pa
citic, 1850: do. preferred. 100: North
! western, 3,635; Ontario & Western, T.
/ $50; Reading, $3.50; Rock Island, 29,-
| Sl3; Sit. Paul eX-dividend Il 300 st
! Paul d Omaha, 6.055: Southern Railway
preferred, 1855; Union Pacific, 2l.59D;
| T. p D. & G., 1925; American Tobac-
CO. Il, 49,; Bay State Gas. $3.50; Chi
/ cago Gas, 52,205; General Electric B.
1 975: Lead, 4,S10; Sugar, 17,S75; T. C.
& |, 4,S0I; .. S. Leather preferred,
/ 1885; z. s. Rubber preferred. j. It'll: W.
! T.. 0450; Chicago G. w, 1866
BOND QUOTATIONS.
/ Z. s. n. As reg. .12554 Nor. & w. Is. .1a
{ l. 8 coup --.-- -25I2 Ore. Say. ISIS ..li-15
I Z. s As ---.-----ll1&4 Ore. Nav. 4s....g
q s. and ieu SIS O. s l. IS s lily r a3f
( Y. s. IS reg ....1 14l4 o. Imp lists, t. . .
/ Y; S, as COUP. ,1ll434 r. ord - o11s
DO. adj. is;..... 81 Pacific is of IS le5&
/ Can. So ends. 10512 Reading As -. S4%
2. 8 r. 6. Ists.lId =. G. ". Isis. 81
p. & r. c; As. So st, L. 6 II. NJ.
f, ". & d, lists, St. /. s S. F. % q
Gen. Electric 5s. 1o0 St. Paul Con. 10
Il. 2. Con. [. T 1909 lists :. 80 1872
X. ., LIST Den. do. as. of'd..l ISL
Div t. r .11eA 50. R'y IS -. g q
y. Y. G Ists.".u7zt do. reg. ends. 2S5s
y. j. 9. IS .....-II2B Z. 2. lists 80. .10t
No. Pac lists ,.129% 4. P. y. & 6. is 5ib
DO IS ----.-... 5g1Fl Wabash lst 5s. .107
40. 4s ---.-.-..- 9lI DO. 2nds ma. 775k
n I, c 81 St ". Shore As =. .1071s
l.. Is ......... 1861
STOCK QUOTATIONS..
Atchison -. :. 15il Ore S Line. 1872
Preferred go. S3as PtttSburg ..-.i59
Bal. d Ohio -. 1871 Reading 2el
Can. Pacific -. 7li4 Rock Island 49, 99as
) Central Pac. ... II st. Paul . 96l6
Ches. & Ohio.... 235s Preferred Ia