The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-01

New York. Feb. 2S.-Today's stock mar
ket was strong, but the activity was
| largely conferred in the leading stocks.
such as Sugar. the Changers. Northern
Pacific preferred, and a few others. The
most notable strength was also shown
BY these stocks. The total sales showed
a considerable falling off from the recent
average and the market lacked breadth.
business being poorly distributed. Lon
don was a seller of stocks, today. for the
iirst time for considerable period. The
local market was as little affected by this
movement as il was by LondonS persist
ent buying during the recent declines. If
a temporary heaviness at the opening was
excepted. The fall in International stocks
In the early dealings was sharp. but was
Tor only a brief time. Added to the day s
net gains, the early weakness makes the
range OF prices In the stocks affected
very considerable. Apprehension over the
cuban question seems TO be in allegiance,
ued upward after the opening. with the
exception of slight reaction after noon
and some yielding from the highest near
the close on profit-taking. The noon re-
action was attributed to disappointment
because the supreme court refrained from
handing down its decision in the Ne
oraska maximum freight rate case.
CUBAN QUESTION.
The sentiments of London and New
York on the Cuban question seemed to be
completely reversed. for the recent dispo-
sition in London to look confidently for
a peaceful solution gave way TO deDres-
sion today, the declines in Spanish As,
both in London and Paris, being particu-
larry significant In London it was Is and
in Paris l 1892. But it is none the less
highly significant that the simultaneous
decline in stock prices in London and the
rise in New York were accompanied by a
Stlffenlng OF money rates in London and
notably easier one in New York Call
loans were made as low as IL per cent
here today. presumably in response to the
gold shipments, s10O0,00O additional being
announced.
U. P. DEPOSITS.
There is talk that efforts will be made
TO nave the remaining government de-
posits of the Union Pacific money left in
New York banks for the present The
amount of these deposits still remaining
In the New York banks is estimated at
$4,000, 900. The days net gains in active
stocks range up to 2 per cent, and in
few cases over that. Sugar gained 4
points.
The bond market was not active today
and showed early depression, but re-
covered in sympathy with the strength in
stocks. Total sales: $4,000. United
g. and the old As and the IS, y per cent
MONEY MARKET.
Money an call. steady at 1H@21k per
cent; last loan, ~ per cent. Prime ner-
camille paper. 3l2a4 per cent. Sterling
exchange, weak with actual business in
bankers bills at 4-S4d4S41s for demand
and at 4S1Ld4S115 for so days. Posted
rates, 4S21zd4.SS and 4S5d4.s5ls.
Silver certificates, 555s. Mexican dollars.
4514.
Government bonds, weak; state bonds,
dull; railroad bonds, firm.
SALES OF STOCKS.
Total sales of stocks today. Ss1, 800
shares. including: AtchiSOn preferred
1852; C. B. & O., 36.137; Manhattan. 1920;
Missouri Pacific, 424S: New York Central,
1882: Northern Pacific, 10490; Northern
Pacific preferred. 10. 800; Rock Island, $50;
St Paul, 5000; Union Pacific. 6.515; To-
bacco. H1S5; Peoples Gas. 14,720; Sugar,
.. T.