The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-04-23

New York April 22.-Only two stocks
were dealt in today to the extent of
10000 shares-namely. New Jersey Cen
trail and Western Union. The stock
exchange seemed to have lost docile
faith in London's superior knowledge
of the value of American securities,
which it was so ready to acknowledge
yesterday after its costly experience
in yielding too much to the timidity Of
Monday The New York price refused
to conform to the London quotations.
which had risen after the London open
ing to above the New York closing.
The New York price, on the con-
trary, obstinitely persisted at lower
level than the parity with London Lon
don prices, as consequence, fell on IN
the final dealings, seeing the persistent
pessimism of the New York market.
This pessimistic mood of the local deal
ers discouraged London from buying IN
this market, even with a higher range
prevailing in their own market. Arhl-
TRACE operations were insignificant. The
close in London showed the prices of
Americans still above New York parity,
in spite of declines in sympathy with
New York. The stock market as OBJ
stinately refused to respond to the
weakness in wheat with a rise. in the
theory recently prevailing that the
European war, while it would increase
the Value Of wheat, would depreciate
American railway values. Prices
sagged all day, and business was al
most stagnant, minutes passing with
out a single quotation being recorded.
The market was left entirely to the
traders and these were influenced to
some degree by the fact that large
operator, recently a bear, but who
4raV 1eaI INV nerH Gcx q
short side again today.
The reports and opinions regarding
the war We're very conflicting today.
There is a general disposition to buy,
on the belief in the success of the Turks
on the ground that Turkish victory
would lead to the intervention of the
powers, and the speedy ending of the
war. The absence of information from
the Turkish forces and the confident
claims put forth by the Greeks, to- /
gether with the news that a Russian |,
fleet has sought to pass through the /
Dardenelles, and that Turkey fears ag- |
gression from Bulgaria, confused the /
calculations of stock dealers and gave a /
pause to the trading.
The money market continues in /
lethargic condition, and money brokers
find new business practically nom
existent, thus rejecting the general
business.
he DlllE ltdlGit VI dilN AtiACitSl III
the days market was the movement in
the coalers, which had an appearance
of aggressive strength. Western Union
was weak on published reports of an
improved method of biography and on
rumors of decreased earnings and suf-
fered a net loss of IL. Union Pacific
was in good demand and gained q on
the day, closing at so.
The closing was weak, with a general
decline OF a fraction.
The railway bond market ruled quiet,
but with a firm undertone. Sales,
1925. 900.
Governments were slightly easier on
quoted prices. there being no trans
actions at the board.
The wheat market is rapidly settling
back into its old time form again. To- ;
days dealings were moderate although
there was a cent range of prices.
The market opened strong and ad-
ranced a cent over last night on re-
eent large export business. better ca
5les and bad crop news. The traders
we're over confident on the bull side. :
however. and accumulated a lot of :
wheat that later came out under strong {
Dear pressure breaking prices cents
bushel. May selling from S11a@791a.
losing with slight reaction at so
.ents. On the decline a good export
business was done but it failed to !
vert the bad break and feaviness. j
Money on call easy at 1G112 per cent:
asst loan IL, closed offered 16115 per
.ent.
Prime mercantile paper. 314@Sa4 per :
emit
Sterling exchange steady with actual \
business in bankers bill at 4SSG4SSN j
or demand and at 4S612G4.S6$ for so
avs. =
Posted rates. 4.S7G4S71s and 4.SS1s0
SO: commercial bills 4.S524: silver GER j.,
617sG621s: bar silver. 81 1916 I
CoHfee-Closed barely STEADY p a de- s
line of 5G10 points: sales. sc, $50 bags, :
May. 7106T15.
Spot coffee-Rio, dull; No. invoice. =
q jobbing. 81.
Mild-Ouiet: cordova. 1904: sales. y
500 bags Rio No. spot 11-16 J
Sugar-Raw. steady; refined. quiet. 5
STOCK QUOTATIONS..