The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-10
Remarkable Display of Activity In
Wall Street.
BULLS HAD CONTROL
SUCCESSFUL MANIPULATION OF
HIGH-PRICED INDUsTRIALs.
Railways We're Dull at the Opening,
But Later Became Leaders
Shorts Were Given a Scare and
fastened to Cover-Missouri Pa
cific Conspicuous Leader.

tally today and left off at the best, with
remarkable display of activity and
strength. The opening was firm, ac-
companied by great activity, ignoring the
shaded prices of the London market. Man
ipulation of the high-priced induStrialS
caused considerable advance in these
specialties. Railways responded only
feebly for the time being, but later be-
came the leaders. Purchases of high
priced, usually dormant stocks and other
generally neglected issues of a lower
value enlarged the scope of trading and
from time to time attracted attention
when dealing in the general market was
sluggish and devoid of feature. Edison
Illuminating rose 6 points and Chicago &
Alton 4. Missouri Pacific rose 39s per
cent to 4112 The mortgages of the road
also showed aggressive strength, the
consols IS rising points, trust 5s 512 and
the collateral 5s points. The bouyancy
of these securities was attributed in part
to the operations of a bull pool, and
favorable comment influenced by the re-
cent cancellation of the company'S float
ing Indebtedness. The bulls had complete
control of the market and persistent eff
forts were made to advance the prominent
railways, which met with considerable
| success in the final hour. Rock Island
( started the rise and the inquiry quickly
extended to the rest of the granger group
and other specialties, which had been
neglected during the day. The shorts
| We're frightened by the decided strength
Of the market and covered extensive lines
in many properties, which gave a buoy
ant tone to the closing.
The bond market broadened materially
| and round amounts of various issues
| found a ready market at advanced prices.
/ Total sales, $7,050, 600.
| U. S. old As registered and the Is reg
! istered advanced Is in the bid price.
The total sales of stocks today were
| $40, 100 shares, including AtchisOn pre-
fferred, 1885; Central Pacific. 1852; Burl-
! ington, 942; L. & N. 1870, $50; Manhattan
a, 900; Metropolitan Street Railway, 6, 142;
! Hawaiian preferred, 4.620; Missouri Pa
cific,, 7O,95Q; M; K. & 7. preferred, $3.50;
! Northern Pacific, 1850; Rock Island, 25,O20;
| Union Pacific, 800; Union Pacific pre-
ferred, 1851; ST. Paul, 1920; Texas & Pa
! cific. 50 455; Tobacco, 1885; Steel pre-
! ferred, II, S35i Peoples Gas, A,SS6: Lead,
| 35l0 Sugar, 66,SS7 Leather $3.50; Leather
preferred, 16,O57; Western Union $3.50.
BOND QUOTATIONS.
U. S. new 4s reg. 127a4rN. j. c. IS. HIS
U. S. new As cou.12775INor. Pac. lists. .11113
! y. S. As Ills Nor. Pac. 3s..... 6872
U. S. 4s cou. .1l21olN Nor. Pac. 4s... .1021s
| U. S. 2s......... 992s N.Y.C. &St.L. As. 1861
i U. 5. 5s reg. .llz3sI Nor. q w. s....12l
| U. S. 5s cou. -. LEAN. w. cOnsols. .143
District Cos. . lis NJ w deb. 5s.. III!
! Atchison 4s...... 1915 Ore. Nav. lists. ia
| AtchisOn adj. As. 1875 Ore. Nav. 4s..... 1924
| Canada So. IDS 11012lO. S. L. 6s t. r..130
! G. & o. 412S...... 90aslO. S. L. IS t. T. .1101!
/ G. & o. 5s.......117 Pacific 6s of '95. 102$l
| Chic. Ter. As. 1912 Reading As 49,. Sc
| c. H. & D 41As. .1045s r. c.. w. 1sts.... SOL!
! D. & r. G.. lists. .16S IS NJ. en- 5s.102
D. & r. G. is. .10O12l IS L&S.F. gn 6s.123
| East Tenn. s.107A ISt. P. Con. ISL.
Erie Gen. 49,. 7414 st. ?. C. ScP. lists. .1201z
/ F.W.&D.1sts tr..S012l St.P. C.&P. 5s. .1191:
| Gen. Elec. as. JOB SO. fsy. 5s....... .104$l
| G. H. & S. A. 6s .107 lStanaR. & 7. 6s. 50
G. II. & S.A. 2ds1O3 n. P. L. G. lists .1OS
II. & T. G. 5s. LIP y. P. Rg. DDS. 46E
H & T. C. en- 6s.111 U. P. 4s......... .10211.
Ia Cent. lists. .1O4 up. D&G. lists. ST..
/ L. & N. Un. As. 96s4 Wabash LIST 5s..113
4 M. K. 81 r. Ids. 651b Wa bash Eds -. SO
NJ. K&, T. as. SO West Shore As. .112
N. Y. C. lists. .1171ai Wis. Cent lists. ST.:
NEW YORK CLOSING STOCKS.
Atchison ......... 1875 Rock Island ...11O
] Preferred -. 46as ST. L. & S. F.. 81
! 3. & O.......... IS Preferred -. 6S
Canada Pacific. SSss I'd preferred :. $2@
Canada So....... 541s st. l.. q S. W.. 81
Central Pacific. 3442 Preferred -. 153
CheS. & Ohio.... 253s st. Paul ........ .114$
Chic. q Alton. 1853 Preferred -. 1853
c. b. q Q.......120A st. P. & o.. $50
c. e E. I........ 5S12I Preferred .....164
Preferred .....11012 st. I. NJ. & NJ. .170
Chicago G.. W.. 1424 So. Pacific ...... rs
c. l. q L........ ~ So. Railway -. 10L
Preferred 49,. 1872 Preferred 49,. AZ
G. S5 n. w.. 1879 Tex. & Pacific. 1872
G. G. 9. & st. L. a AZ Preferred -. 20
Preferred go. 80 y. p. D. & c.. 121
Del. & HudsOn.10 Wabash -. -. Y
| d. l.. & .1471aI Preferred 49,. 221
D. & r. Gu. 14% W. & L. En-. 81
Preferred $50. 62 Preferred 49,. 241
Erie new 800. 1874 Adams Express. 100
LIST preferred. 357s American Exp. .14S
Fit. Wayne .....175 U. S. Express. 81
CT. Nor. pref. .1SIa4 Fargo ....130
Hooking Valley. rs Am. Cotton Oil. 333
Illinois Central. .111$4 Preferred 49,. SSi
L. e. & W.. 1875 Am. Spirits -. 123
Preferred GA Preferred sc
Lake Shore .....195 Am. Tobacco. IA
L. & N........... 6Sss Preferred .126
Manhattan L.. 993s Cons. Gas $3.50. 1928
Met St Ry. 1921 Com. Gable Co. 1874
Mich. Central. ITO Colo. F. & L.. q
MINI. e st. L.. 2S4aP Preferred 49,. II
LIST preferred. 90 Gen. Electric =. S61
Mo. Pacific -. 41ss Haw. Con1l Co.. Al
Mobile IL Ohio. 81 Intnl Paper -. 80
NJ. K. & IT,. liz Preferred -. 81
Preferred -. 953s Laclede Gas =. 52l
n. j. Central.... 81 Lead =. :. =. -. 81
N. Y. Central. .11Ss4 Preferred Zip
N. Y. c.. & S. L. 13 Nat. Lin. OIL. 10;
1st preferred. Go Pacific Mail &c.. 49,
I'd preferred. 3312 Peoples Gas LOCI
Nor. West 80. 1514 Pullman Palace. 400
Nor. Am. Co... SIS Silver Cert. 81
Nor. Pacific -. 407s Stan. R. & t.. z
Preferred 49,. 1914 Sugar :. =. ..133
Ontario & W.. 1915 Preferred 49,. 113
o. r. & NJ. 5212I Tenn. G. & L.. 81
Ore. Short Line. 36lalU. S. Leather. s.
2. c.. list pref. 20 Preferred $40. So
} I'd preferred :. 81 U. S. Rubber :. 45
$ Pittsburg =. ....172 Preferred 49,. 10G
Reading -. 49,. 1875 Western Union "a
! list preferred. 46ss Federal Steel :. 81
R. G. Wen. 81 Preferred 80. n
Preferred 49,. GO B. r. T. Co... 70
: NEW YORK MINING STOCKS.