The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-29

New York, Sept. 2S.-Todays market
for stocks was astonishingly dull and
the total transactions as low as that
of yesterday and was smaller than for
many months, the total sales number
ing only 10000 shares. 1t became evil
dent that yesterdays dizziness could
not be ascribed to nthe Jewish New
Year holiday, 1t is All Obvious fact that
the large buying interests which have
been so powerful factor in the recent
! bull movement have retired from the
I field for a time and the orders through
commission houses, the medium
| through which the public at large OPP
crates, have shown a corresponding
| falling off. There are some who be-
| lieve that the large bull operators have
already iquidated their holdings and
! taken their profits Certain it is that
! there was no evidence in today's mar
! ket of any heavy Offering of long stock.
! The recent conspicuous bulls. never
! theless, seemed to acquiesce and Of
! fered little opposition to the bears.
! Practically all of the room traders have
| turned bears and their selling is called
| short selling. The most vigorous at
! tack today was directed against the
coRlers on the assertion that the an
thraclte companies have been exceed
| ing the allotted output and that there
was no increase in the output that
made any advance in the price of coal
likely. Some of the prominent indus
trials and the GrangerS were also I'M
der pressure. Whatever spurts of dc-
tivity we're shown during the day were
on downward course of prices and
any stsadying of the market or recoy-
cry brought intense duIIness, indicating
the weak undertone. Conditions, new
ertheless, all continued favorable as
pointing to further increase in values
of property. Railway earnings all con-
tinued to show improvement.
UNION PACIFIC WANTED.
For the third week in September, the
Baltimore & Ohio Southwestern re-
ported an increase of $19, 219. The Aug
ust statement of the Atchison company
showed an increase of the total income
from operation of $131, 5S3. London sent
higher rices at the opening and was q
buyer of stock all Gay, presumably tc
meet the settlement which was in prog
I ress there. The report that the govern
ment had assented to the foreclosure
sale of the Union Pacific on the terms
proposed by the reorganization com
.
created demand for the stock of that
company and seemed to steady the gen
eral list. The interest in the. money
situation was a hardening tendency OF
domestic exchange on New York al
some western certers, indicating some
relaxation of the drain on money re-
serve. Local money rates have con-
tinued firm and foreign exchange
steady. This steadiness of foreign eX-
nos n I'M ~
recent gold importations at San Fran
cisco. The net losses on the day ex-
tend from fraction up to points, the
high priced industrials, the coalers ans
the granSers, especially Omaha & Rock
Island, being the most conspicuous SUI
ferers. Consolidated Gas lost points
net; Sugar pa, and Chicago Gas, ~
Laclede Gas, Cotton Oil preferred and
Pittsburg, Chicago, Cincinnati & St
Louis preferred showed gains of point
or over. Bonds moved in sympathy
with stocks. Total sales were only ST.
100000.
SALES OF STOCKS.
Total sales of stocks today were $40
500 shares, including: Atchison, 1870
Atchlsan preferred, 1855; G. & o., T.
1855; G., b. & O.. 23,423; Manhattan
4.240; l.. & N. 1920; Missouri Pacific
1915; M. Il. & T. preferred 5,o22; n. Y
Central, GID; Northern Pacific pre-
ferred, 1194S; Ontario 6 Western, 3,495
/, Reading, 6,055; Rock Island, $40; st
Paul. 40,795; st. Paul & Omaha, 5,j25
Southern Ry. preferred, 5000; TeNa.
& Pacific, $500; Union Pacific, 53.9S4
U. r., D. g. G., 4,445; Wabash preferred
$3.50; Wheeling e. Lake Erie, 4156: Chi
cago Gas, 2S,525; Laclede Gas, $3.50
General Electric, $500; T. C. & l.. $500
u. S. Leather preferred. 3.521; W. u.
1873; Chicago Great Western, 1925.
MONEY AND EXCHANGE.
New York. Sept 2S.-Money on call
steady at 2la@91k per cent; last loan 8
closed 214@3 per cent.
Prime mercantile paper, 1905 pc
| cent. Sterling exchange. steady. will
actual business in bankers bills at s.
al. s5A for demand and at 4 .S2A@4- 8
for 60 days. Posted rates, 4 SS1a@4, 8