The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-09

New Ork, teD- o-MOHey Oh Gail
easy at HOO per cent; last loan at IL
and closing at 11A per cent.
Prime mercantile paper, 8 per cent.
Bar silver. 64A.
Mexican dollars, 50s4 @515s.
Sterling exchange dull, with actual
business in bankers bills at 4.S41sQ
4.S4s4 for so days and 1864 Q4.S612 for
| demand.
Posted rates. 4s514@4.S71A.
Commercial bills, 1854 Q4.S4A.
Government bonds, steady; state
bonds, dull; railroad bonds, firm.
Silver was quiet.
Considering all the developments
during the days session at the Stock
Exchange, the markets for securities
held up remarkably well. The news
and rumors were we'll calculated to
mark depression, but except in the
case of the industrial group the bears
made but little impression upon values.
The first thing that gave operators
for a decline courage was the receipt
of lower quotations and of selling or
ders from London. Then came the
state senate Investigations committee
inquiries into the failure of the Sugar
trust, which invited an attack upon
that stock, under which it broke near
ly 8 per cent to Ills. A block of the
stock which has been hanging over
the market for many days was dis
lodged by the decline. Tobacco fell
1% to TX; Leather pfd., IL to 5S1a;
American Spirits, q to 1874, and pfd.
rs to 32A. In the remainder of the
list the losses were only Il TO l per
cent, although great efforts were put
forth to make capital out of the vague
rumors concerning an alleged disrup-
ton of the Joint Traffic association.
The browning effort of the bears, how
ever, was a cunningly devised state
ment that fleet had been ordered to
Cuba to release American prisoners.
The denial of this sensational report
came so promptly from Washington
that the inStigatOrS were unable to
carry into execution their purpose of
breaking the market, and in the last
hour they were running in lively fash
ion to cover their shorts. Sugar moved
up over two points, rising to 11315.
Other stocks recovered Il to rs per
cent from the lowest, the latter in
Leather pfd. Manhattan, Metropol-
itan Traction and General Electric
were noticeably weak and yielded q
to l per cent on comparatively light
offerings. 1t had been supposed that
General Electric would be benefited by
the OlllcldI statement tndL the company
had secured the contract to equip the
surface lines recently acquired by the
Metropolitan Traction company with
the underground trolley. The days
operations are said in an addition TO
the outstanding short interest Spec
ulation closed quiet and firmer in tone
Transactions aggregated 1S6,7S0 shares.
including $4,000 Sugar, 10000 Leather
pdf., 10000 st. Paul. 5000 Burlington
and 1000 American Spirits Net
changes show losses of 14@1A per cent,
Tobacco leading.
Bonds were irregular, but in the
main firm. Sales footed up 1924. 900.
American Spirits SKIES rose III to 1874;
Brooklyn Warehouse, IL to 9S4; Erie
first consolidated, 2H TO 143; Lake
Erie & Western firsts, IL to us: Long
Island general tours, 2 to 81; Oregon
Short Line consolidated fives certifi-
Gates, q to 7615; and Utah Southern
general fives certificates, As to 761k.
Chicago & Northern Pacific fives GER
tificates fell 1 to AZ: Chicago Gas firsts.
to %; Northwestern gold coupon
sevens, 1 to III; st. Paul, Chicago &
Pacific SKIES. IL to III; and Standard
Rope and Irvine incomes, 1 to 81.
Standard Rope and Irvine skies ad-
vanced L to IS, out later broke to 1917,
with a subsequent rally to 70.
In government bonds, $4,000 coupon
tours of 1925 sold at 1221s.