The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-23
New York Traction Companies and
the Coalers.
DULL UNTIL JANUARY
NO ACTIVITY NEED BE Elk
PECTED IN TIE INTERIM.
Present Stiffness In Money Market
Believed to Be Only Temporary
Bond Market Inactive, But Prices
Well Maintained Unfavorable
Statements of Vanderbilt Roads.

New York. Dec 22.-There was nothing
in today's stock market to refute the
opinion generally held in Wall street that
speculation in securities will continue dull
until after the first of the year, and the
release of some of the funds at present
locked up in large financial operations
Sagging prices are generally the accom-
paniment of such market, but there was
sufficient strength in special stocks due
to special causes, to act as sustaining
force on the general list, and net gains
are the rule in consequence.
MARKED FEATURES.
The marked features in the trading and
the centers of greatest strength We're
the local traction companies. Manhattan
rose points, but a lost fraction. The
coalerS were also aggreSsively strong and
showed gains of between l and points
the Reading issues being especially prom1-
nent. The industrial specialties generally
showed net gains of quite large fractions
The statements of estimated earnings for
the last quarter of the year of several
of the Vanderbilt railroads were viewed
unfavorably and acted as a drag on the
railroad list. In view of the large bust
ness known to have been done by these
roads, the small increases in gross earn
ings, and in the case of Canada Southern
an actual decrease. were taken as indi-
cative of rates for traffic such as prom
ised only an unsatisfactory return to
owners. This was partly offset by the
November statement of Northwestern
showing an increase in gross earnings
of $725,377. Reports of the adjustment of
differences between Ohio soft coal roads
were heard with satisfaction amongst
holders of railroad securities.
PRESENT STIFFNESS.
The present stiffness in the money mar
ket, it is believed, will be only temporary
and the completion of the operations con-
nected with the Union Pacific settlement
and the disbursements incident to the
TIE
this reason the weakness of exchange has
not induced talk of gold imports at New
York. Gold is. however on the way from
Australia to San Francisco.
The bond market was comparatively in
active, especially in some of the favorite
speculative issues, but prices were well
maintained. Total sales, s1,4OO,OOO.
United States new tours coupon de-
clined Is bid.
MONEY MARKET.
Money on call stiff at 216a4 per cent:
last loan. 8 per cent: closed, 21ad3 per
cent. Prime mercantile paper, 315d4 per
cent. Sterling exchange dull and easy
with actual business in bankers bills at
4.S41a@4. S45s for demand and at 4.S1126I4S15s
for 50 days. Posted rates. 4S21914.S31a and
4.S51aG4S 61a. Commercial bills, 4.S1
Silver certificates, 564q5676. Bar silver,
Mexican dollars, 455s.
Government bonds firm; state bonds
dull; railroad bonds firm.
SALES OF STOCKS.
Total sales of stocks today, 1874, 400
shares, including c. B. & O., 11,737; Man
haitian 24,925; Metropolitan railway, Sab;
n. ]. c., 3S1S; Northern Pacific, 1925; On
tario e. Western, 7,245; Reading. 5000; ST.
Paul, 1850; Chicago Great Western, $780,
Sugar, 1890
BONDS.
U. S n as. req 2SA N. Y. Cent. lists. 11914
Do. coup. .....12S3s No. Pac. 1sts...11S
q: s. as, ........112A Do. IS .......... CO.'S
Do. coup. .....14A DO. IS ........ S412
Do. Ids. ....... 991b Nor. & w. 6s.. .1241a
U. S. IS reg. .11414 INVEST cons. :. IA
Do. IS coup. .11414 Do. deb. IS. ...117
Can. So. Eds. ...107 o. Nav. lists. .115A
D. & r. G.. lists. 10S14 o. Nav. As ...... $685.
d. g r. G. 4s... 81 O. S. L. 6S, t. .122A
H. & T. C. 5s. ..1124 o. S. l.. 5s, t. T. 9S11
Do. con. IS. ...110 o. Imp. lists. t r.102
Iva. c. 1sts..... 9S15l Do. 5s, t. r.. 40
K. P. Con. t. r. 81 Reading As ...... S6A
La. n. cons. As .1011al r. G. w. lists. So
L. & n. Uni. As. S71s Union Pac. lists. .102%
NJ K g. Ode eo7L p q, n