The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-04
Decline of Americans Abroad Gave
Wall Street It's Cue.
ELECTION UNFAvORABLE
THE EFFECT, HOWEVER, WAS TO
STEADY PRICES.
Bears Urge That the Elections Indi-
cate Restrictions of Capital and
Corporations-Chioago Wheat Dis
turbed By Exaggerated Reports
Western Live Stock Reports.

New York, Nov. 3.-Heavy prices and
a, dull market were the conditions of
the stock exchange during the greater
part of the day, but in the later deal
ngs more active liquidation SET in
and trading became more animated
than at any time previously, prices fall
ing to the lowest of the day ard re-
naming there practically till the close,
the low point represented in the de-
clines running all the way from l point
TO SIS, the latter in Sugar. A great
many prominent stocks have lost over
2 points on the day, several of the
Changers and the Coalers being con-
spicuous in the list
The prices of American securities
quoted in
THE LONDON MARKET
at the time of the opening here showed
such sharp declines and the reports
showed that the result of the elections
yesterday had aroused a considerable
unfavorable sentiment among security
holders abroad. This market took it's
cue from London and showed the de-
clines rather in excess of those reported
from abroad There was some buying
in this market at the lower level for the
London account, but this probably rep
resented arbitrage operations to cover
sales made in London early in the day
1t had the effect, however, OF steadying
prices.
SUGAR WEAK.
Sugar was a center of weakness all
day and it developed that this was due
to a prevalent rumor of the illness of
an officer of the company, which was
used with good effect by the bears. The
stock fell successfully SIS points, clos
ing at the lowest
The Coalers were all very weak in
the latter part of the day and the net
losses ranged all the way from to
nearly points. The trading was large
ly confined to the professional element
who are bears for the time being and
who urged that yesterdays elections
indicate a growth of sentiment in favor
OF restrictions of capital and corpora
tons. The latter decline in the mar
ket dislodged some stop-loss orders but
the fact that total sales of the day
We're about $4,000 shares shows that
the liquidation was not heavy. Bust
ness in railroad bands was not large.
Total sales $1,000, 600
United States AS of 1907 and As of
1925 were each advanced y.
MONEY MARKET.
Money on call. easy, at 1902 per
fered at per cent.
Prime mercantile paper, 3a4@41a per
cent.
Sterling exchange firm, with actual
business in bankers bills at 4S51a for
demand and at 4.S21a@4S234 for 60 days;
posted rates, 4.S5@4.S51a and 4.S604S6
commercial bills 1919.
Silver certificates, 57@5S15; bar sill
yer, 56A; Mexican dollars, 1874.
Government bonds, strong; state
bonds, dull; railroaalbohds weak.
SALES OF STOCKS.
Total sales otVstocks today were 324,-
319 shares, including:
Atchison preferred. $50; c. & O.,
S,7S1; Burlington, 4O,O7O: L. & N, $500;
Missouri Pacific, 1O,6S5; N. j. c., 1880;
y. Y. c., $780, Northern Pacific II, 900;
Reading, 5000; Rock Island, 1925; St
Paul, 80, $50; Southern Railway pre-
ferred, 1874; Union Pacific second as
sessment paid, 10000; Chicago Gas, H.
"56 Consolidated Gas, 6,405; Sugar, 64,-
$40: Western Union, $780, Chicago
Great Western, 3,520