The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-18
Fractional Improvement In Stand
ard Shares Noted Yesterday.
THE EUROPEAN B0URSES
CONTRIBUTED LARGELY TO SUS-
TAIN THE MARKET.
Sugar Made a Gain-Klondike Boom
Elevated the Stock of Pacific
Properties-New York and Chica-
go Lending Money to Europe
Bond Market.

New York. Jan. 17.-Standard shares
show p fractional improvement on the
day except in the case of some shares on
which special influences were operating
in their favor, and in these the improve
ment was more market. The dealings
were widely distributed and the tone gen
orally healthy. Stocks sold Friday and
Saturday ON the ground of possible for
eign complications, were repurchased to-
day total dealings amounting to nearly
half = million shares.
London and the continental bourses
were sustaining factors, although the
purchases for foreign account We're
meagTe, as the local market early out
stripped the foreign initiative toward Il
higher level.
SUGAR GAINS.
Sugar in enormous transactions made
a net gain of q, although in the earlier
transactions there was considerable weak
ness noted in that security. The old sub
ject was brought up of what the result of
Hawaiian annexation would be with free
Importation of Hawaiian sugar and the
probability that by midsummer that there
would be competition between sugar re-
fineries now being erected.
Stocks of properties located in the Pa
cific northwest were generally benefited
by the belief that they would secure
much traffic owing to the Kiondike boom.
Oregon Railway q Navigation company
had earnings from July to Nov. so, said
TO be very large. Burlington. St Paul,
Northern Pacific and Union Pacific were
strong. The non-appearance of the Ne
braska maximum freight decision was a
factor in the days news.
Brokers seemed to. give some credit to
the reports of closer relation in the man
agement of all Vanderbilt railways.
The fact that New York and Chicago
are lending money on the London and
favorable factors. The foreigners so far
having liquidated their debts for Ameri-
cas- unparalleled exports, only to the eX-
tent of returning some American securi-
ties
BONDS.
The bond market showed a falling off
in transactions. but a considerable under
tone of strength was evident which was
in substantial appropriations in
many of the usually dormant issues. Seat
tie. Lake Shore K Eastern first trust re-
ceipts jumped Z points to Y on reported
for control of the road. but
lost one-half of the raise.
The aggregate sales were $685., 600
Government bonds showed heaviness.
the 5s and new is losing slightly.
Money on call easy. 2q2S4 per cent; last
loan, 2l5 per cent; prime mercantile paper,
5G4 per cent; sterling exchange, dull, with
actual business in bankers bills at 4.S4ie
G4.s434 for demand and at 4.s214@4. S294 for
so days Posted rates, 1881 and 4S5lad
i.S6. Commercial bills, 4.S2.
Silver certificates. 571kG5Sl4; bar silver,
~; Mexican dollars, 46.
Government bonds easier. State bonds,
quiet Railroad bonds, strong.
SALES OF STOCKS.
The total sales of stocks today were
I9S. 500 shares. including Atchison. pre-
TERED, 4,038; c. & o., Also; c. b. q @, |
q. 40; l. & N, $50; Manhattan, 1859: |
Bis; Hawaiian. 5.S75;
Missouri Pacific, 4.S01; New York Central, |
g. 720: Northern Pacific. 3,2S5: Northern !
Pacific preferred. "a $50: Oregon Railway |
( Navigation, 3,6SS; Rock Island. $3.50; st. !
Paul. 1925 Southern preferred $500; /
Union Pacific, 23.6i0; Tobacco. 6.427; Chi /
ago Great Western. 500; General Elec- !
ric. $500; Sugar, 6,S11; Western Union. |