The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-23
.DULLNESS REPEATED
Net Losses In a Large Number of
Standard Stocks.
TWO TO THREE POINTS
AND OVER THOSE FIGURES IN
SPECIALTIES.
Slightest Indication of Rise Brought
Out Large Offerings - Greatest
Bulk of Dealings Was In Grang-
ers, Union Pacific Preferred, Sugar
and Local Traction Stocks.

except in a few stocks and internationally
But the buying demand was at also a low
/ ebb. so that even the deSultory offerings
which were dribbled upon the market
| drove prices downward almost continu-
Ously. The result is seen in net losses OF
between . and points in a great many
of the standard railroad stocks and lead
ing industrial SpecialtieS. and of over
points in the local traction sDecialtieS.
During the morning session there We're
evidences of an attempt TO support prices
in a few stocks, due TO the efforts of a
large operator recently returned to the
street There was also extensive cover
ing by another of the largest operators IN
the street. who has recently been a per-
sistent seller. The slightest indication OF
a rise in prices brought out such heavy
offerings all through the list that the
prices for the rest of the day was aban-
doned. And apparently the burst of en-
thusiasm in the final hour was due TO
considerable short selling, as there was a
tendency to rally on covering just before
the close. but this rally was so feeble
that the covering movement was given
over and brices fell away to about the
lowest at the close.
BULK OF DEALINGS.
The great bulk of dealings was in the
grangers, Union Pacific preferred. sugar
and the local traction stocks. The rail-
road stocks were affected by the reports
OF the blizzard in the west Sugar con-
tinued depressed on the belief that the
company was on the verge of war for
supremacy in the trade. But the shadow
OF the market was the development of the
governments Cuban policy. in which all
circles feel certain crisis is now immi-
nent- Evidently no one wants to buy
stocks until this question is settled.
UNFAvORABLE FACTOR.
Another feature of the day was a fur
Their announcement of gold engaged for
import and a concurrent easing of in eX
change rates. 1t was felt yesterday that
the gold movement had probably come
TO an end for the present and this was
believed to be due to prospect of easier
money rates: IL was looked upon with
favor by the speculative community. Ac-
cording to this reasoning the resumption
today of the gold movement might be re-
garded as an unfavorable factor, though
the further influx of gold must be for
easier money. although it is not the index
that easy conditions have already ar
rived.
BONDS DULL.
The dullness in the bond market was
even more pronounced than that in
stocks, but the losses were comparatively
small. Total sales, s1.0730OO. United
States SIS were y higher. the old As cou-
pom 4 higher and the rs Y lower bid to-
day.
MONEY MARKET.
Money on call, easy. pkd2 per cent;
last loan, per cent; closed per cent
Prime mercantile paper, 4lAa513 per cent;
business in bankers bills at 4.S4fi4S41s
for demand. and at 4-S44G4.S43s for 90
days: posted rates, 4.S212G4. ssh. Com
mercial bills. 81. S0Iz04. 500.
Silver certificates. 5ed5S15. Bar silver,
$50. Mexican dollars. 45.
Government bonds irregular. state bonds
dull railroad bonds weak.
BONDS.
U. S. n. Is, reg. 12ilsl n. Y. Cent 1sts1lsA
Do: COUP. -12lAlN. ]: c. 5s.:.....1ll%
L. S. As. $780,. 1892 No. Pac. 1stS...-116
Do. coup. ....111Al Do. IS, 1890. 5sA
Do. IDS, ....... SO Do. As. 94A
U. S. 5s, reg. .1111z Nor & W. 6s.. ..119
Do. 5s. COUP -11112 invest. cons. Ia
San. So. IDS. -. 1865 Do. deb 5s....115
d. & r. G. 1sts.10S12 o. Nav. 1sts.....115
D. & r. G. As. 50 o. Nav. As -. 9224
H. & T. c. 5s....1O9 o. S. L. 6s. t. r.l20
Don. con. es.. no o. S. L. rs. T. 80
Iva. c. lists lilo o. Imp. lists, rios
X. p. Con. t. T.. $685. Do. IS. t. r.. 50
K. P. LIST DEM Reading As. S01z
div t. r.. .131A R. G. W. lists. 50
La. n. cons. IS. .101 U. p D. & G.
l.. & n. Uni. is. Sc lists ............ 531s
NJ: X & T DDS. 5S9s L. P. pref d.. ASS
Do. As ......... Sc Union Pac. As. 904s
NEW YORK CLOSING STOCKS.
Atchison .. 1OS4 Rock Island 49,. S11s
Preferred 49,. 2t1s st. Paul .:....... S71z
Bait. & Ohio -. Is Preferred ..-..144
Can. Pac- 1900. sos Sou. Pac. 10
Ches. & Ohio -. is Tex. & Pac. 80. 81
Chi. & Alton....152 Union Pac. ..... 4Ss
Chi. B. & o.. SSls L. P D. & c.. ~
Del. & HudsOn..1 O7 Wabash ......... 624
Del. l.. & Wis Preferred 800. 1424
d. & r. G. 49,. 10S4 Adams Elk. leo
Preferred -. 1913 American Elk. ..125
Fit. Wayne ...... 166 United States. IS
CT. Nor. pref AS Wells Fargo LA
Illinois Cent. -. ssh Col. F. &. Iron. 171a
Lake Shore Isl Preferred .... IS
Mich: Cent. 100 Gen. Electric -. 3lA
Mo. X. & t.. 1917 Preferred ..1O2
Preferred 3112 o. Imp. Co. 26
I Phil al
\. Y. Cent 1885, Silver cert. -. So
Nor. West. 80. 11la Standard Rope
No. Pac. 1890. 207s & Irvine -. 3A
Preferred -. 5s1sl Sugar ......-.1l5es
Ore. r. & N. 30 Preferred 1853
o. S. L. ......... Is West. Union 49,. $40
Plttsburg ..-..---16S r. g.. w 1900 q
Reading ......... 1854 Preferred . 81
NEW YORK MINING STOCKS.
Chollar .......... 4OOntario ......... 50
Crown Point -. u Ophir ......... SO
Con. Cal. & Va. 10 Plymouth ....... 8
Deadwood 10 Quicksilver 49,. / 90
Gould & Currie.. 10 Preferred . 90
Hale & Norcross 10 Sierra Nevada. l %
HOmestake .....39 90 Standard ..... l go
Iron Silver ...... 80 Union Con. 49,. q
.--.---- = Yellow Jacket. %
SAN FRANCISCO MINING STOCKS.
San Francisco. March 22.-The official
closing quotations for mining stocks to-
day were as follows:
Alta .-------...-- IL Justice ---....... q
Alpha Con- llMexican -........ "a
Andes ---..--.-.-- 1llOccidental Con-. 2 80
Best & Belcher. Slovenian -. 10
Bulllon ..-...--.. giPOtoSl ........... Il
Challenge Con-. 29Savage ... p
ChOllar ......-... 4SScOrpion -
Confidence .-.... 1Sierra Nevada 80
Con. Cal. & Va. 20 Silver Hill - 2
crown Point j Union Con. -.-.. a.
EXcnequer -:... ltah Con. 800. u
Could & CIrrip 2l Yellow