The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-28
STEERED BY RUNORS
UnfOunded Reports Governed Yes
terday's Prices.
FALL IN UNION PACIFIC
DUE TO ADVERSE REPORTS
FROM INTERESTED PARTIES.
Price Depressed to What it Was Be-
fore the Second Assessment Was
Paid-Bar Silver 5s11s-wool
Sells Only Sc Below Highest
Price of Boom.

New York, Oct 27-The stock market
looked strong for a time today and the
level of prices soon after noon reached a
point or over above last nights close in
many stocks But a renewal of reports
that the Spanish reply TO the representa-
tons of this government was of tenor
that threatened trouble, caused the mar
| ker to sell off to point as much below
last nights level as il had been above in
the morning These represented q very
wide range in the fluctuations extending
to four points in Consolidated Gas and
about two points or over in Union Pacific
sus9r, Pacific Mail and several other
stocks and over point for nearly all
stocks,
UNION PACIFIC
Continued to absorb large share of spec
ulatiVe interest and fell during the day to
WithGn one-eighth OF the low point OF
Monday, when the governments an
n0unced tntenttOn TO postpone the lore
closure sale was regarded as threatening
Il .c0iianee Of the whole reorganization
plan. The weakness of the stock was
due to q report from sources near 70 the
reorganization interests that the increased
! bid for une property would involve their
taking up a corresponding amount of che
prof. osed new securities. which would have
otherwise accrued in the treasury OF the
reurganized company. This would OF
course, place corresponding 1ro3oItl9n
OF fixed charges ahead OF the stock OF the
| reorganized company.
The suggestion also found currency THAT
the committee might decide TO increase
the issue of
FIRST MORTGAGE BONDS
Above the So G90,O GOO proposed, notw.tlh-
Standing the assertion of the reorganiza-
! ton committees announcement oil Monday
! that no change in the plan of reOrganiza-
ton is involved by their DETERMINATION to
bid in the Union Pacific main line for the
I fun amount of the government claim.
teIres
! helped to depreSs the price of the stock
1 to what it was before the second IS assess
ment was recently Iai&
London was also q seller of the stock
! today in this market in contrast TO its at
! titude of yesterday Arbltrage brokers,
! in fact. sold most of the International
! stocks While prices remained above the
/ London parity.
STERLING EXCHANGE.
Sterling exchange. yielded q in the &C,
/ tual rate for demand bills and Y in posted
rates. Prices of railroad bonds We're
( firm in the early dealings, but eased off
| in sympathy with stocks at the close. 10
I tai sales s., 10000.
g. s. bonds were quiet and unchanged.
MONEY MARKET
! New York, Oct 2l-Money on call easy.
at 1d2 per cent: last loan, per cent;
closed, 14.G2 per cent.
/ Prime mercantile paper. 4 II4i9 per cent;
sterling exchange, with actual business IN
{ and $4.S21l al .S22s for SO days; posted rates,
( S4S3a 4.S352 and S4s6q4,S61s commercial
/ Silver Certificates, 57@59c; bar silver,
! $3.50; MeXcan dollars. doc; government
I bonds, firm; state bonds, dull; railroad
bonds, firm.
| STOCK SALES.
! New York. Oct. g7.-Total sales of stocks
! today were 26S, 800 shares, including:
! AtchIson preferred, 3,95S; c., B. IL O.,
y T.,rp 4 T5-
souri, tlcifc sos; n. 7. C, 4,S2O: North
ern Paclttc preferred. 7.121: Reading. 4 80;
4 Rock Island. 1920: st. Paul. 2; 1870; Union
! Pacific. a,090; Bay State Gas. l4oaO; Chi
| w., $500
BOND QUOTATIONS.
L. S II. 4s 12Ila NJ. IL. t0 T. Is So
J L. s II. 4s c....12S4a y. I. Can't. 1s...11S
/ L s. As reg 1874 n j. Cclllr. Us. .113
! L. ) IS coup....1l4A Nor. q IVES. 6s.lZJ12
( L. s. IS rs Debentu1e 5s..lllA
/ u. S. 55 cup. ..H6i4 Ore. Nay. ls,.."lll1z
( Can. South. IS. .1G31z Ore. Nay. 4s.,,. 9la
! D. & +. .. ls...lA y. ), l. 6, t'r.Ay74
/ II. & r. c. IS. -1ll%4 Ore Imp. Is t. r.l03
H. < T. c. es...1cl Ora. Imp. So t. r. a
K; P, lst Den Rea d 4s-.-- a
La new CON. Is 971a Union Pac Is 1O3
l.. Il n. L. is. 81 u. P. d. q G.. Is 10
( NJ, h. d T Is. 595s
STOCK QUOTATIONS.
/ A.ciAisca ..,,..,- 1885 R5ck Island 49,. s51a
/ Preferred 49, ISIS sl3u-LLul Pac.. 1917
3. & o.. ia Texas 4 Pacific ll1s
! Ches. Il Ohio.-. 3pa L. +. D. d G.. ~
( Caic & Alton leo Wabash ..... u.
C. C., b q 6 Q, 80 gas PrefsrT ID, =, iS3s
D. & r. Co.. III Y. s. Express. Il
Preferred 80. ~ Wells Fargo Exits
Ft Wayne .,,.....ISG Ghieag2 Gas 9l2i
lis. Central. 49, OlA Preferred go. go
Lake Shore ---.-1I9 Gen Electric -. 90
Mich. Central. ..lO1 Lead -.....-...... 2214
n, Y. Central .1o75s Ore; Imp, ca. L
NorthWeStern 4 T., PPullmaa Pal -,170
! Nor. Pacific -. III S5veE Cert, So. 81
Preferred -. 55lA stssa,%Iard Reps =,
Pittsbu@g ......165 Preferred .....u9M
Reading. .......-. Y Western Un.ca S7i5
Preferred .1S9lS Praferred 49,. 551z
NEW YORK MINING STOCKS.
ca25.a s p., g 6 9 9,, .".'... g
Con. Gai. q Va. ! y Plymouth ..,.... vs.
Deadw0Jd ....." goQu.chsAYeG .... y.
Gould s. Curry. q Preferred ~. 8 GO
Ha.e K N4.cI'5ss 10 S!erra Nevada u
H,5ns=e.-ak 80 O09taAiard ....... l &C
Ircn Silver ...--- IilCn.Gu COn...... 4C
Mexican ~ GLOW Jacket. As
SAN FRANCEco MINING STOCKS.
s2u Francisco Oct 27.-'rne Official
closing qUlGdc.1ns for mining stocks to-
Cay were is foe40wd:
IA ........... 10 Haze < Ncccrogs &c
Alpha C-G -...-- II Justice .-..---- y
Atldes -..-.....-. q -tl-ul6 Cg'l.... vi
Belc1er .......... 90 Mexican .....-. Is
t,se U BelCher. 4lOCclaoG-al Goa. l Il
Bullion .......... l2tOphd- ........... 81
Canl4enge Con-. s. JYeTnlan ........ L
01O..7I .......... bii f0t0Sl ........... IL
Confidence ....n 80 saYaSe mum. a
tson. Cal. & Va. l 81 .5rra Nevada. 75
Con, imperial. 0l NayA EtN.,..... 1.
Crown POINT - i9ih Ccl......., j.
t1XcheYuer ...... O. atl5w jacket 4e
Could K Curry. 81 standard ........ l &
Silver In London.
London. Oct. 27.-consoIs n1A; silver
q I-24d.
CHICAGO REVIEW.
Wheat Active, Corn Strong, Oats
Firm, Provisions Quiet.
Chicago. Oct. 27.-InAuences governfng
. wheat were as a rule favorable 10 niellsr