The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-05-30

bent on a similar mission today were
wise in their generation. The rise in
prices in the general list this week has
been sufficient to have invited more ex-
tensive profit taking at a weeks end
than any week for months past. But
sales TO take profits were at a mini
mum today and exercised no marked
effect on prices. which held steady
near the close. The shorts, on the con-
trary showed a feeling of unrest over
the indications of strength in the mar
ket and manifested their unwillingness
under the circumstances to carry over
short contracts until next Tuesday, at
which time trading is to be resumed
on the stock exchange. Several special
factors served to encourage the buying
of stocks besides the increased conf
dence felt in the outlook for business.
Some of those who bought stocks gave
as their motive the tone of the speech
delivered by the secretary of the treas
ury yesterday. especially his expression
of confidence that the tariff bill would
be disposed of al an early day and his
broad intimation that some measure OF
currency reform would then be put
forward by the administration. Some
renewal of the buying in London ac-
count which was a feature of the ear
lier days of the week, also added
strength TO the market. The dealings
were remarkably well distributed. the
number of stocks whose shares were
sold being much larger than for some
time.
The market for stocks and bonds has
been notably firm and strong all week,
though the dealings were a good deal
depressed at times. The dizziness came
at times Of heaviness in the market.
indicating the disposition of holders TO
for Tl1-iraS The rise the
majority OF stocks was only interrupted
by the influence of special depressing
causes from time TO time, such as the
unexpected volume of the gold shlp-
mentS early in the week, the break IN
the Rubber shares on account Of the re-
tirement of President Evans and the
feeling of distrust disseminated by the
announcement of the Baltimore & Ohio
default on the interest payments cue
June 1, on some of the company's
bonds. These reactionary influences
proved Inadequate TO overcome the en-
couraging factors at work, and the re-
suit has been a bull market for the
week The event to which Wall street
attributes the greater part of the i'm
proved condition of trade is the taking
up Of the tariff bill in the senate, the
demonstrated intention of all parties TO
interpose no factious opposition to its
passa ge and the result foreshadowed
by the votes on committee amend
ments that no time is to be lost II
settling the whole matter.
More or less attention is attracted by
various statistical estimates of the
present activity in general business. ac-
companied by the argument that the
volume Of business is at present equal
TO that in some of the most prosper
Gus years in the country's business, but
at such extremely low prices as not to
be evident in estimates of transactions
by valuations.
The broadening of business activity
is felt, nevertheless, to indicate an inn
proving tendency in business condi-
tons. The exceptions TO the stocks,
which show net gain on the weeks
trading. are very few and those which
have gained a point or over make a
long list.
The bond market Displaced a fair
degree of animation during the week
with marked tendency toward :
higher plane apparent. Purchases for
continental account were in consider
able volume. and impaired decided
strength TO the international liens. The
general market pursued by an almost
interrupted course inward and closed
at the top prices for the leading mort
cages.
Government bonds ruled firm !
throughout on moderate dealings.
Money on call easy, 1AG1R per cent. !
Prime mercantile 3a2er, S1@@4 per |
cent.
S--rling exchange, duh and steady.
With actual business in bankers bills /
AZ 4.S7 for demand and 4S5G4S6 for so /
davs. Posted rates. 4S6lH94S7 and |
4.SSa4SSls.
Commercial bills, AS5@4s5ll.
BOND QUOTATIONS.
L. s. new IS Can. S ends. loss
reg. 49,; ..l23 c. P. lists Of rs. .lo494
{ cou IS new IS D. s G. G. g. is...l 70.
I. $ Is reg 1854 Erie ends. 627s
I. 5. y .ll5i4 G. II. g s a.
/. 5. IS eoap....i Is c. H s S A i0'
I. 5. = reg. 90 - ITO
Atchison 4s...... SIS r. G ". lists. i3N
Atchiscn 2nd a. i7ssU. ?. lists of '96iOs
STOCK QUOTATIONS.
Atchison ........ lossiN. Y. & y Eng. 81
kdrnas Ex.....-.lia Oregon Nav. u
Can Southern. 49, IN s j. & L. y. l5s.
Cent. Pacific 81 Pittsburg .......1S2
Chicago 4 ALL tciiman Pal...-.l5s5s
Chicago Gas. S5as r. G. w.. l2j5
c. e. 9. & S. L. 2si- Rock Island 49,. esls
Colo. F & L.. Is Southern Pac... 13lz
=. l. & w .146t1 Sugar Refinery. 1865
y q =. 9. pfd.. 3sif Tenn. c & L. 10
Fort WAYNE -..l62 Union Pac.-.---. e7s
Great " pfd IL: l. s. Express. Is
HIl.e,elsing Valley % Wells Fargo EXEC
Illinois Cent q Western Union. 80
Lake Shore u. & r c.. ess
Lead Trust 49,. q Gen. Electric. y
MSIichigan Cent. 9Iie Nat. Iinseed. 1ol<
Missouri Pac-... Is Colo. +. & L.. 1917
\ J Central. - Preferred ....-.s s.
y fdciiic 1890. r Cotton oil pfd.. "a
PrtefSrred go. 1855 Am. Spirits...... 10
! r D. & c.. H. Preferred, 49,. PSI
Nortnwcstern ..107is O. r. & NJ AZ
Preferred l55 Com q, HE 162iE
n y Central l0OIs
NEW YORK MINING STOCKS.
Chcllar .-..,-...Sl 10 Ontario -. 90
= {. q Va. 81 Plymouth 10
Iea .IH @ Ii o Quicksilver -. 90
,5ogid q Eurrie- is Preferred - 10 90 /
Hale * Norcrcss 80 Sierra Nevada - :
Eomestake - 90 Standard "a :
80 ~. oilfer 49, 81 Union Con-. 20.
mexican $500 20 Yellow Jacket. Is /
SAN FRANCISCO QUOTATIONS. =
San Francisco. May 2s.-The of1icial /,