The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-10

New York, Feb. 9.-Money on call
easy at 11l@2 per cent; last loan, 113,
and closing offered. IL per cent. Prime
mercantile paper, 3 per cent.
Bar silver-64%.
Mexican dollars-5OA @515s.
Sterling exchange is steady with ac-
tual business in bankers bills at 4.S4%
Q4.S5 for so days. Posted rates. 4.S512@
4.S712. Commercial bills, 4S31z Q4.S4.
Government bonds, steady; state
bonds, dull; railroad bonds, firm.
Silver at the board was neglected.
Speculation was extremely dull today,
the sole exception being in the
industrial group in which there
account as we'll as more or less
liquidation by holders in conse-
quence of the probing into the affairs
of trusts by the state senate investi-
eating committee. The sharp rise in
sugar just previously to the close yes
terday which proved TO have been moth
ing more thar an effort on the part of
certain interests to get out additional
short lines at a higher range. The
stock declined from 1872 to Ills and
closed at the lowest price of the day.
Tobacco made an equally sharp decline,
opening at Tx and later selling at sos.
Leather preferred yielded about a
point. In the total transactions of
132, 500 shares for the. entire list, sugar
figured for $500 and tobacco for 14,600
shares. Despite the testimony of
Messrs. Havemeyer and Searles of the
Sugar Trust showing the enormous
earnings of the property, holders of the
shares display uneasiness because of
the fear that the LeXOw investigation
will lead to unfavorable legislation.
The announcement that Charles r.
Flint, of the United States Rubber COM
pany, will be called upon next to testify
before the committee was followed by
decline of 21s@2A in the common
and preferred stocks respectively. The
trading, however, was light, only 1000
shares of the common and ga preferred
changing hands. Consolidated Gas was
sold down a point on the introduction
of a bill at Albany authorizing the
board of aldermen of the city to look
into the feasibility of municipal owner
ship of gas plants. The railway list
offered sharp contrast to the weak
ness of the industrials. Despite the
ably firm. Reading was the only stock
that could be called weak and the de-
cline in this instance was less than q
point. AS a rule. after merely frac-
tiOnal concessions at the opening, prices
improved B0@ per cent. Lake Shore,
on purchases of 500 shares, advanced
IL to 1914. The dealings were almost
entirely professional and the foreigners
did next TO nothing. Speculation closed
quiet, the tone being steady for the
railway list and weak for the indus
trials. Net changes in the industrials
and coalers show losses of A@17s per
cent, Sugar leading. The railway list
scored advances of H@1A per cent,
Lake Shore leading.
The bond market was strong in tone.
The transactions amounted TO S1,941. 600.
American spirits SKIES rose Is to 500
Brooklyn Elevated firsts. 1 to 10:
Brooklyn Rapid Transit fives. IL to 80;
Union Elevated skies, TO II; Chicago,
St. Louis & New Orleans gold fives 21s |
to 121; Rio Grande Western tours q to
73%; ST. Paul, w. & NJ. fives. 1 to 112; |
Manitoba firsts. IL to 107; Denver & !
Tulf con. fives, u to 81. and Union Pa
eific gold sizes, IL to 101.
In government bonds $50 900 coupon |
ours of 1925 sold at 1924 @1221a; coupon /
our regular at 1221a: $4,000 regular |
ours of 1907 at 1115s, and $1,000 coupon |
ours of 1907 at 1925.
DONrTN nT-T-, AU-rON-c,