The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-29
GRAIN CARRYING ROADS
FIRM ON RosEATE FORECASTS
OF SEPTEMBER EARNINGS.
gnien Pacific Less Active, But Stock
Closed g Higher-Money Easy
British Finances-Wheat Entirely
Controlled by Americans-Chicago
Review-W estern Live Stock Mar
kets.

Y L.
market was exclusively in the hands
of the professional traders. and con-
tanned nothing of significance in its
bearing on the general condition of the
country. The market was inactive. and
the movement OF prices sluggish. Trad
ing was almost stagnant at times. The
traders did the best they could do to
influence prices by mauipulative buy
ing and selling, and by disseminating
as news rurnors of their respective
hopes and fears.
The only response of any moment was
shown in special cases, with a slight
sentimental effect on the general list,
but the professionals were unable to in
duce any following. and in meeting
their earlier contracts, carried prices
back to near the starting point. One of
the specia! stocks affected was Pacific
Mail, which declined at one time "a.
on account Of the decline in earnings
shown by its September statement. The
stock recovered to within a fraction of
last nights close. Sugar. after a sub
stanttal gain, fell 21@ points. but also
recovered to q net decline OF fraction.
The coalers as a group were weak on
trade. Notwithstanding recoVerieS near
the close, their net losses we're point
or over. The
GRAIN CARRYING ROADS
on the other hand, displayed firmness.
which was principally due to roseate
forecasts Of the September earnings OF
Burlington, the statement Of Which is
yet to be published BY reason of this
influence railroads generally are frac-
ton higher, except some southern roads
and the coalers. While the industrials
and s0ecialties are generally lower.
There was still some disposition to dd-
vance fears OF the Cuban question as
a motive for the selling.
UNION PACIFIC
was less active, and was uncertain in
its movements, or account of the
doubts on Just what changes in the
plans of the reorganization committee
are involved in the advanced bid to
the government The doubt applies not
only to the plan of financing the new
company, but to the ultimate disposl-
ton of the Kansas division. which the
committee processes itself willing to re-
linQuish to the government, so Tar as
the subsidized portion is concerned. The
stock closed & higher. The arrange
ments for the payment to the govern
ment, and for the governments pay
ment Of
BONDS COMING DUE
on Jan. are also looked forward to |
with interest for their effect on the
money market. 1t is believed one Will |
be timed to affect the other as far as !
SO as not to take 50 large an |
amount of money out Of the market. |
The sum to be paid the government will |
considerably exceed that to be paid out /
on this account, but the continued eX-
cess of disbursements over receipts IN |
the daily operations of the treasury |
Will help to make this up. 1t is be- |
lieYed that any marked effect ON the |
cost of money will thus be avoided,
Georgia Central second incomes de |
clined 13s, and third incomes point. |
Z ansas & Texas issues we're weak
Dealings were not on a large scale, To-
tai sales $1,6S0, 900.
United States as we're advanced e
bid.
MONEY MARKET.
Money on call easy at 1902 per cent;
last loan, >; closed, 114@9.
Prime mercantile paper, 3$0412.
Sterling exchange steady, with actual
business in bankers bills at 4-S51s@
S5l4 for demand and 1924 G4.S23s for
60 days; commercial bills. 4.S1@4.S112.
Bar silver, 5Sas.
Mexican dollars, IS.
Government bonds, firm: state bonds
duh; railroad bonds. heavy.
Silver certificates, $4,000
SALES OF STOCKS.
Total sales of stocks today We're
257, 600 shares. including: Atchison pre-
ferred $500; c. B. & @, 2o,9S4; l. & N,
7, 100; Missouri Pacific, $780, New York
Central. $780, Northern Pacific pre-
ferred, 1876; Reading, 1900; Rock Is
land, 600; st. Paul, u 900; Union Pa
cifc, $3.50; Bay State Gas, 300; Chi
cago Gas, 21I70; Pacific Mail, 6S77;