The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-14
At the Close, However, Sugar Came
Off Victorious.
CHICAGO GAS GAINING
OTHERWISE NOTHING IN THE
DAY TO CHANGE SITUATION.
Rates For Sterling Exchange Show
Decline-Goyernmen Bonds Firm
and Unchanged FURRY CT the
Shorts in Chicago = British and
Continental Finances.

New York. Oct. 1s.-Today's stock
market almost reversed the course Of
yesterdays market without any change
in the character of the general outlook
of news. The bears made a very sue
cessfuI raid during the day and found
numerous weak spots, the decline in
some stocks uacovering further stop
loss orders and spreading demoraliza-
ton far and wide throughout the list.
But the aggressive mood of the day
showed steady hardening of prices
which carried the level of the market
quite materially above last nights
close. The days range of prices was
very wide, net declines as one time rul
ing from l to points. the latter in
Sugar. which was very active and En-
ratio all day. The recovery left prices
from l to points above last nights
close, the fluctuations for the day are
seen to be very weak. The liQuidationS
during the decline were heavy and the
volume of trading on the rise showed
a marked diminuuon. The operators
for the reaction seemed to be satisfied
with the declines they had achieved
and their purchases to cover short con-
tracts were instrumental in affecting
the recovery. But there We're also evil
denceS of some buying for long ac-
count Very firm resistance was en-
Couutered in some of the stocks which
had shown greatest weakness This
was markedly true of Chicago Gas, in
which buying was very large and prom
inent. This stock during the day went
as low as last nights close, but the
final sale showed a net gain of AS,
showing yesterdays heavy decline more
than recovered. Sugar was the
OBJECT OF SPECIAL ATTACK
by the bears after an opening gain of
a point and was forced down at one
time over four points, but recovered to
about last nights level. The movement
in the general list was to a large extent
in sympathy With those in the special
ties. The stocks of southern and SOUTH
western railroads showed less reliancy
than those Of the general list, owing
to the decreased earnings disclosed by
late statements as q result of Interrupt
lions from yellow fever quarantine.
There were reports during the day
that further gold engagements would
be announced towards the end of the
week, But none are known to have
been made up to this time. The actual
rates for sterling exchange show de-
cline of &c for last nights close. fore
shadowing q further gold movement
Otherwise there was nothing in the
news Of the day to change the general
situation and the striking movements
of prices can only be ascrtbed to purely
technical causes. Net gains are near a
point in many prominent railroad
shares, and extend to points in Omaha
& Delaware and Hudson and 11a in
Northern Pacific preferred.
RECOVERY IN BONDS.
Bonds showed weakness in the early
trading. but recovered sharply in sym
pathy with stock. Total sales were ST.
100000.
Government bonds were firm and IN
changed.
Total sales of stocks today were SIS
500 shares, including: Atchison, ass;
do. preferred, 1890; G. & O., s,235; c..
3. & O., $3.50; L. & NJ, 1920; Manhat-
tan, 4.6S0: Missouri Pacific. 1880; NJ.
Il & T, preferred, 5,455; N. j. c., 3,255;
| New York Central, Il, 800: Northern Pa
eific preferred, 24,605; Northwestern, g.
$50; Reading. 10000; Rock Island, 49,
| APO: ST. Paul. 46.750. ST. Paul & Omaha,
s, us; Southern Railway, 1890; do. pre-
! ferred, $500; Wabash preferred, 5000;
Union Pacific, $4,000; American Tobac-
| co. $500; Bay State Gas, 1900; Chicago
Gas, 1Ol 900: General Electric, 4,900
Lead, $500; Pacific Mail. 5000; Sugar,
73, 600; T. G. & l., 5000; Western Union,
| $500; Chicago Great Western, 1900.
/ BOND QUOTATIONS.