The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-05

4 New York, Jan. 4.-Prices of stocks
showed a. further decline today and there
was nothing to indicate that the decline
was due TO any other cause than the
81 preponderance of those who desired to
4 sell over those who desired to buy. There
was some short selling by the professional
bears, but no market recuperation such as
would be caused by the covering of
shorts, was manifest. and the bears, if
they sold, were apparently content to
leave contracts open.
MOST ATTENTION.
The specialties continued ito absorb the
largest share of attention, but the market
showed a broader tendency and the
through the list. Net losses of large
fraction are general throughout the list
and a number of prominent sDeclaltles
and railroad stocks, notably among Soutn=
ern and southwestern roads and the coal
ers, show net losses of a point or over.
MONEY RATES FIRM.
Yesterdays furry in the money market
which carried rates up to per cent was
not repeated today, but rates were flrm
and the largest part of the days trans
actions was made at per cent, with eX-
captions at So per cent. The clearing
house statement diScloseS that the jan
uary interest disbursements resulted in
the transfer of a little over 81, 100000 from
market as indicated by the subtreasury s
debit balance. The days exchanges at the
clearing house ran up to the enormous
total of 239. 731. 2G5. and the balances footed
up over SIG, 5eeG00.
ANOTHER Z. P. PAYMENT.
Tomorrow Union Pacific payment of
S, 500 goo. which is to be covered into the
treasury in cash doubtless figures in these
transactions but there were evidently
heavy banking operations in addition
a c11ffsofdT- I for the furry
IN the money market yesterday. In view
OF the proportionately small surplus re-
serve there are not such confident pre-.
dictions heard of an immediate easing of
the rates for money as were current last
week, though the exchange market holds
firm on demand which IS based on a
presumption of lower rates for money in
the near future.
The demand for bonds was not heavy
today but prices were well held. Total
8. s old 4s. registered were Z lower
bid today and the IS were Is higher.
MONEY MARKET
Closing-AGoney on call firm, 914a4 per
cent; last loan, S52 per cent; closed, 91a
al per cent
Prime mercantile paper. sNal per cent.
ness in bankers bills at 4:S45s for demand
and 4S2ssQ4. SPY for 60 days. Posted rates,
4.S264.S5 and 4.Se. Commercial bills 4.S112.
56s4 Mexican dollars. &c.
Government bonds strong; state bonds,
dull; railroad bonds, firm.
SALES OF STOCKS.
Total sales of stocks today, 2O4 700
shares, including Atchlson preferred, 1855;
L. & N, $3.50; Manhattan, 26,4S3; Met.
Street railway 60SO; Missouri Pacific.
AS: Northern Pacific preferred. 1880;
Rock Island, $3.50; St. Paul, q, III; Ameri-
can Tobacco, 7,450; Chicago Great West
ern, APO; Peoples Gas, Il, $50; Sugar, 49,
$50; Western Union. 1855.
BONDS.
Z. S. n. As. reg. .l2S n. Y. Cent. 1sts.116
Do coup, FPS N. ]. c. 5s......1lO
Z. S. 4s,..-......11274 No. Pac. lists. ..116
Do coup, .-...115es Do. IS 60&l
Do DDS, ...... 991ai Do. IS ......-.. 95A
L. S. 5s. reg l141s Nor. q W. 6s.. .123
Do. IS, coup. .1141s N west. cons. 14411h
Can So. DDS. 1884 Do. deb. 5s =. .1169s
D. &. r. G. lists. 1851 o. Nav. 1sts... .1121a
ID. & r. c. As. s912 O. Nae. As 49,. $685.
H. & r. c. IS. 1882 Q. S. L. IS I. r..124
Do. con. es....105 o. S. L. IS, [. T.. 967s
K p Con. I. r. Sf1R D Imp. lists, FOO
K p. 1st Den- Do. SIS, [. r.. ass
Div) t. r..-...u5 Reading As 80. S31z
La n. cons. As. 1919 Fl. G. W. lists. 50
L. & N. Uni IS. s55s Union Pac. lists. 103
II. K. & T. 2ds. eSli q. p. D. e G.
Do. As $500. S6lI lists ............. 49,
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