The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-02
Prices For Stocks Tended Steadily
Upward Yesterday.
BEARS SOUGHT COVER
SCRAMBLE FOR SHORTS MATER
TALLY AIDED RISE.
War Fears Allayed-No Impression
Made On Money Market by Peri
odical Dividend Disbursements
Bonds Strong and Very Active
u. S. New Fours Advance.

New York, Dec. with only insig-
nificant Interruptions, prices tended
steadily upwards all day On the stock
exchange, closing about the highest
with @ very buoyant tone. Net gains
exceeded point in nearly all stocks
The advance at the opening was triv-
ial and trading was never active, but
as the day advanced the scope of the
speculation broadened and assumed a
more aggressive and confident tone.
The strength Of the market developed
first in Sugar, and spreading gradually
through the market, separate stocks
were advanced sharply; one after the
other, before the whole market took
up the movement.
BEAR ELEMENT DEFEATED.
Some of the stocks which developed
most activity and strength yesterday
were somewhat neglected today, while
the rest of the market rose to proper
tionate level. The bear element did not
yield without a struggle, and was not
driven to cover till late in the day,
when the scramble OF the shorts ma
terially aided the rise There AWas no
news Of Importance during the day, the
bullish sentiment on the exchange be-
ing rather a crystallization of several
days.
WAR FEARS SUBSIDE.
The almost subsistence of apprehen-
sion over the Cuban question also had
it's effect. There was some awakening
of outside interest manifested in the
buying through commission houses.
This was not on large scale how
ever, and the days rise was Tor the
most part due to the operations of a
powerful combined interest.
No impression was made on the
money market today by the periodical
interest and dividend disbursements
The bond market was strong and very
active, the speculative issues showing
notable advances. Total sales, $780,
900.
United States new As advanced Il
bid.
MONEY MARKET
! Money on call easy at 1902
per cent; last loan at 11a@1% per cent;
| closed, offered at 1A per cent. Prime
mercantile paper, 3@31Ai per cent. Ster-
ling exchange, easy, with actual bust
ness in bankers bills at 4.S5% @4.S6 for
demand. and at 4.SS@4SSA for so days
| Posted rates, 4.S4@4.S7. Commercial
bills, 4.S21a.
Silver certificates, $4,000. Bar silver
| $685. Mexican dollars, 461e.
Government bonds, firm. State bonds
dull. Railroad bonds strong.
SALES OF STOCKS.
New York, Dec. Total sales OF
stock, 100000 shares, including: Atch-
ison preferred, 6,729; Burlington, 1858;
L. & N, 1900; Manhattan, 10,825; Mis-
souri, Pacific, 1885; NJ c., $780, N
Y. c., 1884; Northern Pacific, 4,21O;
Northern Pacific preferred, 1888;
+ Northwest Terminal 1895; Rock Island
25,1S9; st. Louis & S. B. preferred, $3.50;
ST. Paul, 1856; ST. Paul & Omaha
5,179; Union Pacific, 1924; American
Cotton Oil, $780, American Tobacco
| 1885; Bay State Gas, $3.50; Peoples
Gas. 16.645; Consolidated Gas, eX-divi-
dend, 1926; Sugar, $500; Sugar pre-
ferred, 1880; Western Union, $500; Chi
cago G. W., S,245.
BONDS.
u. s. n. As, reg. 1855 N. J. C. 5s..... .n21!
DO. coup, 1855 No. -Pac. lists. .11S1:
u. S. Is, ........ .12A Do. IS ......... 59E
B Do S sonp' i sss Nor Or W. SIS .1 81
u. S. IS reg. .u4A INVEST. cons. .143
Do. IS coup. .114A DO. deb. 5S -. ITO
Can. So. IDS. JOY O. Nav; lists: III
D. & r. G.. lists. Jos %, y. As ex-int. 92K
D. & r. G.. As. 80 %. S. L. Is, t. r.123
H. & It. G. 5s...111A Q. S. L. IS, t. r 95K
Do. con. 6s. 80. los o. Imp. lists, t.
K P. Con. t. r. S91a T. eX-int........ SO
K P 1st (Den. Do. 5s, t. r.. 42al
Div) t. r......I0 Reading 5s 49,. S53;
La. n. con- as 100 r. G. w. lists. S13l
M. K & T. Eds. GO Union Pac. lists .10214
Do As ex-int. 9619 U. P. D. &. G.
N. Y. Cent 1sts.119 lists ......... AL: