The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-25

New York, Sept. 24.-The peact1onaIy
G55fr1t resumed fun sway today fn the
stock market after a brief period Of
Ildg1aer prices during the morning, due
20 sympathy with sugar which ad-
vanced at one time points over sast
nights close. Sugars strength was due
to the belief thai the treasury depart
1nent would decide that Holland was in
effect paying an export bounty on sugar
and that countervaillng duty would
therefore apply TO Dutch refined
sugars. The rise in Sugar and some
strength manifested by Manhattan
served to raise the general level OF
prices TO a fractional extent, but proved
inadequate 30 sustain them, and the
fall for the remainder of the day was
practically continuous. There was
nothing in the news of the day to ac-
COUNT for the Decline, All The reports of
railroad earnings continuing TO show
large increases and adVice5 OF Ghe
growth Of business activity being uni
dornlly encouraging from all points The
outside pubic, however, had apparently
ceased 10 buy and The large operators
were no longer WaiEing to accept the
heavy offerings of stocks made TO them.
Profit taking was the oClder OF rla day.
The market was duH compared with
the recent tone but the dseCaiG1e was
nevertheless unchecked. The bear i'm
Corest was we'll defined and was ccn-
slant IN actively during TIE day. Tina
situation OF the Money TllanNbst con-
tfnued to attract attention. The fea-
tuTes were Oae f1rnncsSs of cath money
on the basis Of 2 per cent and consider
able activity in gIle TIME money mar
ket. The exchange market also hand
eGred, actual rates advancing about Il
i'm response to thu gold shipments nov
ON the way TO this coua5Gy- Remit
aances TO GGiA 6ntegGcr nave continued or
a large scale and
TOOIORROW'S BANK STATEMENT
Is expected to show a large additional
decrease in the surplus reserves. The
banks and suf3-tnea5uTy nave had TIC
trouble to meet the demands for cur
uency, but the dernRnd upon them is
large and promises TO increase. ThF
treasury at Washington found jitselt
unable to acCede TO the request OF Q
local banking ficm wthll-la mad received
a consignment of gold at san FGuuclscC
10 lts cgesist 10 be allowed TO WITHDRAW
legal tenders from the treasury 81 New
York upon the deposit of the gold liz
San Francisco
Amongst the returns OF railroad
earnings for the third week in Septem-
Der, Missouri Pacific showed an an
crease OF Sl11,000: Denver d Rio
Grande, 81 GOO, and Rio Grande West
ern, $4,000. For the second week
Northern Pacific showed an increase
of S126. 155. New Jersey Central fol-
August showed an increase in net o.
$99, l9S The stocks of soft coal roads
which have failed TO share in the lat
improvement, owing to the miners
strike, showed some activity today anC
were comparatively steady The ne
losses run all the way from a Fraction
10 seven points, the latter Consolidated
Gas. but in the large majority of ac
tive shares it is between one and tWt
points Susquehanna K Western pre-
ferred lost IA and Sugar, Cotton Oil
Delaware & Hudson and Omaha owe
two points. Illinois Steel rose 334
Bonds we're weak in sympathy witt
stocks on a greatly diminished volume
of transactions. Total sales, S1.707, 0O0
United States tours regular were one
eighth higher bid and the ffVeS one
quarter higher.
SALES OF STOCKS.
Total sales OF stocks were 521, 20
shares. including: Atchison pfd. 10. $50
Chesapeake d Ohio, 6.030: Chicago
Burlington d Quincy, b, 219; Rockin,
Valley, 6,170; Louisville & Nashville
I5,l2Qi Manhattan. 1880; metropolitan
Traction, 1900; Missouri Pacific, H. $50
Missouri. Kansas d Texas pfd. 4310
New York, Susquehanna \ Western
$3.50; New York Central, ass; North
ern Pacific. S.2T5; do pfd.. Is. 400. Read
ing, 1920; Rock Island. 1850; Ontart
d Western, 3,150; St PAU, &c, T20; s.
Paul K Omaha, ), 100; Southern Railwa,
pfd-, 4,225; Union Pacific, l,O20; UniOl
Pacific. Denver q Gulf. $3.50; Wabasi
pfd-, 4.7S0; Wheeling & Lake Erie, 4,
2S5; American Tobacco, 1850; Ba,
State Gas. $3.50; Chicago Gas, 900
General Electric. $40: Lead. 1850: Pa
citic Mail, 1855. Sugar. 70,4T0; T. C 1
L, 6,350; Western Union, II 1863; Chi
cage Great Western, 1885.
THE MONEY MARKET.
Money on call, firm, at 21E@3 pc
cent; last loan, 21z per cent; closed. %
215 per cent.
Prime mercantile paper 4A@5 pc
cent
Sterling exchange, firm. with actua
business in bankers bills at 4.S5 for de
mand and at 4.S2ah64 S29 for Go DAYS
Posted rates, 4SS@4-S4 and 4S5L5C
4.S65s.
Commercial bills. 4SI.
Silver certificates. 573s65Sc
Bar silver, &c
Mexican dollars, 431Se
Government bonds. strong; stat
bonds, dull; railroad bonds. weak
BOND QUOTATIONS.
U. s. new IS reg. l95s4 y. P. IS ......... 5sl
= coup new As 1853 ! h v = cons ,sSi
q. s Is -l21slO. Nay. isis, ij5i
Q s Is coup 1855 O. Nay. 4s.... 81
L. s. * --.-.---.- d O. S. L. Gs {. ZIG
TE Qr1