The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-07
Message Was Of Little Consequence
to Stock Operators.
ONLY THE U. P. AFFECTED
SLIGHT DECLINE By REASON OF
ONE PARAGRAPH.
Some Railway Stocks Advanced, But
Coalers Were Weak-Money Mar
ket Notably Easy, But Sterling
Exchange Weak-Bar Silver g.
Grain Markets.


ulators in stocks have sought to in
fuence prices for several weeks by sur
misses on the contents of the president
message, the actual publication of the
document today had little effect on the
market. There was nothing in it that
| came as a surprise, almost every point
having been accurately foretold in de-
! tail. Prices of stocks had been ad-
vanced to some extent in anticipation
of the message, and there was some eX-
pectation that its publication would be
met by a decline caused by realizing
sales. But the market held fairly steady
after it's publication until a raid by
! the bears in the final hour, which was
| encouraged by the weakness of New
Jersey Central and the Coalers.
UNION PACIFIC AFFECTED.
Union Pacific was directly affected
| by the paragraph devoted to it in the
message, and declined nearly point.
Most of the days movement of prices
was, however, due to special causes,
and was especially marked in the Spe-
! cialties. Sugar was the leader in point
of activity and strength and advanced
at one time 81 point. It's strength was
caused by the approaching dividend
period and belief in the advantage
arising from the newly applied counter
vailing duties.
RAILWAYS ADVANCE.
Some of today's railway statements
Of earnings for the fourth week in No
venber We're so favorable as to lift the
prices of their stocks. The Coalers We're
decidedly weak.
The money market continued notably
easy and it was reported that large
| nffn
Chicago and other western banks in
! this market.
| Notwithstanding the ease of money
and sharp stiffening in the discount
rate, both in London and Berlin, ster-
ling exchange was weak.
The bond market was active, with
the exception Of an interval of dullness
at midday, and prices advanced with
out interruption. Total sales, 50, SO,0G1.
U. S. bonds were unchanged in bid
prices.
MONEY MARKET.
Money on call easy at IL 2 per cent;
! last loan. 2; closed, 1@1a; prime mer-
camille paper, 334 per cent.
Sterling exchange weak at $4.851a@
4S55s for demand, and $4.S2A for 60
Posted rates, $4.S31a@4S4, and s4.S61a
! 04S7; commercial bills, $4.S2
Silver certificates. 591z @6015c; bar sill
yer, See; Mexican dollars, 47Ac.
Government bonds firm; state bonds
dull; railroad bonds strong.
SALES OF STOCKS.
The total sales of stocks today were
| sos, $780, including: Burlington, 1880;
L. & N, 7,75S; Manhattan. %, 1852; Mo.
Pacific, Is, O40; n. j. c., 1852; Northern
Pacific, S,246; preferred, II, 1872; Rock
Island, 1882; St. Paul, 57,5S5; Union
Pacific, 8.275; Peoples Gas, 14,495; Su-
gar, 4, 897; Western Union, 1894; c. &,
G. W.. Is, 40.
L. S. n. As reg. .12S2oy. ]. c. IS ......1121a
L. S. n. As c....12S$4 N. Pacific lists ..19
U. S. 4s..........1124sI do. IS ........-.. 90
Y $. As COUP III do as . 90
L. s. IDS ........ SO N. &. w. 6s.... .12l12
L. s. 5s reg......114t4 Northw. con. ..14S
u. S. 5s coup. .1l41s do. deb 5s Ills
D. & r. G. lists. 1881 o. n. lists ......ll5
.. & L. 6. s.. 50 Q. Nav As 100. 927i
L. & I. c. IS. ..1l2AlO S. l.. IS, |. ..12S3s
H & 7. c. con. 10. S. l.. 5s, t. T. 100
..... ........105 o. l. lists, t. T.. 100
K. p. con. t. T. $500. J.. 5s, t. r.. "a
X. p. LIST (Den Reading As 80. CO.'S
Div.) t. +. Zip H. g. w. 1sts... 1914
La n. con. As. .1GG2s Union Pac lists 102l2
Nj. 4. & T. Eds, G3sstU. p. D. & G. Is 81
n. y. Q. lists liz
NEW YORK MINING STOCKS.
chollar -....----- 50 Ontario -. - 90
Crown Point -. l. Cpflir 1890. -. 60
&. (. & Na..... l ~ plymouth -.
Deadwood 49,. 80 Quicksilver :. :. / on
could & Curry. 30 Preferred 49,. 8 %
rlale & Nor 80. 1 % Sierra Nevada. 80
| t1omestake 49,. 30 60 Standard -. -. 1 10
Iron Silver 20 Union Con 900. 70
Mexican E. 800. % Yellow Jacket Is
NEW YORK CLOSING STOCKS.
Atchison -. 129s Reading 21as
/ Preferred -. 2S7s Rock Island .... 80
Z. x o.. ...... 12!4 st. Paul ........ 1919
Can. Pacific -. S0I2 Preferred -. HIS.
Ches. &, Ohio E. 214 Sa. Pacific -. 2O1e
chi. & Alton ..161 rex. & Pacific 49,
Del. q Hudson los U. P, t. 7. -. 254
C. B.. & O.. , S59s =, r D. c. :
Del & RudSon.l0S Wabash rs
Del L. & W....15S preferred Is
i. & &. c. -. IL Adams Express 1856
Preferred 49,. 40 American Elk. LIE
Fit. Wayne .169& u. S. Express :. 40
CT Nor. uref. $50 Wells Fargo LIP
His Central. .1021R c. E. & L. $40. 2l&4
Lake Shore ....l134 Preferred $50. 50
Mich. Central ..102 Gen. Electric :. SO
Mo. Pacific -. 32A Lead -. ........ 3414
NJ X. & T.. 1874 Preferred .1Q
Preferred 49,. 349s O.. l. Co., t. r.. ISL.
II. j. C......... SO Pullman Pal ...1l21:
n. Y. Cocoon. 10lA Silver Cert. -. 591:
Nor West. ID S. r. & Irvine.
No. Pacific 49,. 1915 Sugar -. .14lH
Preferred 56i-- Preferred .....lH
O. r. & Nav. :. 36& r. G. Western. q
o. S. l.. ...... Is Preferred 56
Pittsburg ..l5IA
SAN FRANCISCO MINING STOCKS.
San Francisco, Dec. 6.-The official clos