The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-10
Steady Buying Of a Good Character
On Wall Street.
LIFTING OF QUARANTINE
DID MUCH TO STRENGTHEN
SOUTHERN ROADS.
Tone of the London Market Invited
an Increase of Speculation-Court
Decision In Favor of Railroads
Helped the Whole Historian and
Live Stock.

SON'N
market during the latter part of the
days trading was strong. There was
steady buying of a good character all
day which seemed to be for long ac-
count and in the final transactions the
shorts were driven to cover quite ur-
gently, carrying the level of prices
above last nights close, and the net
rise in every stock was over point,
and in many cases., notably the gran
gers and some of the southern stocks,
nearly two points The professional
bear element was prepared for con-
tinUance of their successful campaign
of yesterday, and they set about raid
ing the market very soon after the
opening
RAID ON SUGAR,
which showed fractional improvements
in sympathy with London.
Sugar was the vulnerable point of
attack, and was driven down over 2
per cent on ill-defined rumors of
charges to be formulated of illegal en-
tries Of imported sugar. The bears al
so succeeded in depressing New jersey
Central, Manhattan, and one or two
others recently susceptible stocks. But
the sympathetic decline brought about
in the rest of the list was narrow and
gave sufficient warning to the bears
that they were not to have things their
own way so unresisted as yesterday.
The coalers showed a marked ten
dency to recover from their recent de-
preston of reports of an agreement
by the competing interests in trade.
The southern railroads enjoyed the
benefit of the very large cotton move
ment which was presented from the
lifting of the yellow fever guarantees,
and which has sent the price to near
the lowest on record.
RAILWAYS STRENGTHENED.
The whole railway list was strength
ened by consideration of yesterday S
supreme court decision denying the
right of the interstate commerce COM
mission to enforce absolutely the long
and short haul clause of the Interstate
law.
There was a marked subsistence of
apprehension regarding relations with
Spain on account of Cuba, and intima-
ton came during the afternoon, after
the cabinet had gone into session at
Washington, that an official announce
ment would be made there tomorrow
of an expressed willingness on the part
of Spain to accept the good offic of
the United States in aiding a settle
ment of the Cuban question.
LONDON ACCOUNT.
One of the strongest factors in the
imp owed tone was the large and con-
fident bidding for London account.
This was especially marked in ST.
Paul Louisville and Northern PACING
preferred
Money in London shows an easier
tendency and invites the increase of
speculation. Part of the buying also
was incident to the settlement in pro-
gress on the London exchange. Re-
ports of railway earnings were, many
of them, very favorable, though North
ern Pacific showed "a decrease for the
fourth week in October of over $685. 900.
There were periods of dullness and
hesitancy during the day, and total
sales Of all stocks were less than 400, 600
shares, of which Sugar, Burlington and
st. Paul made up nearly half.
The bond market was quiet. but the
prices were firm. Total sales, $780,
600.
U. S. As declined Il bid
MONEY MARKET.
Money on call easy at 1902; last
loan 2; closed 1902; prime mercantile
paper, 31a041a; sterling exchange easy,
with actual business in bankers bills
at s4S5 and 4S5N G4853s for demand,
and $4.S2 and S4.S2H@4S25s for so days;
posted rates, S4.S31h @4.S61a; commercial
bills, $4S1A.
Silver certificates, 5l12@59; bar silver,
575s; Mexican dollars, 44A
Bonds.-Government steady; state,
dull; railroads, firm.
SALES OF STOCKS.
The total sales of Stocks today were
100000 shares, including:
Atchison preferred, 1868; Chesapeake
G Ohio, 1920: c., B. & O., 49, 025; Louis
Vile & Nashville, 14,410; Manhattan
a mi q nj
T. preferred, $3.50; N. j. Central, 1906;
N. Y. Central, 3,271; Northern Pacific
preferred, 1855; Northwest Terminal
$500; Reading, 1855; Rock Island, Is,
SIS; st. Paul, H,542; Southern Railway
preferred, 4,2S0; Union Pacific, S,465;
American Tobacco, 4.400; Bay State
Gas, 27,270; Chicago Gas, 145; Sugar
72,S99; 7. c. & l., 3,025; Chicago G. W.,
ROND OTTOTATTONS