The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-26
Timidity of Stocks Traders Gives
Way to Confidence.
LONDON A GOOD BUYER
TOOK ADVANTAGE OF THE WALL
STREET WAR SCARE.
Foreign Buying Heavy Enough to
Leave e Marked Effect On the Ex-
change Market, and Rates Declin-
ed-Monday's Losses Were More
Than Recovered Yesterday.

New York, Jan. 25-The timidity mani
tested by dealers in stocks yesterday be-
cause the warship Maine had been
ordered was fully equalled by the conf
dence with which traders bought back
their stocks today when the ship had ar
rived IN Havana. The most notable fea-
ture of the days trading was in the large
volume OF transactions for London ac-
count. The number of shares bought in
New YORK for London was estimated at
from $4,000 to 1900 shares Even with
this large demand to be flied. prices We're
not lifted at the opening fully TO the
London parity. The sharp declines
seemed to have awakened a demand in
| London for Americans, and early quota
lions from there showed yesterday de-
| clineS here largely recovered. The
| strength of the Spanish fours in London
also indicated the absence of aoDrehen-
sior of an embodiment between the
I United States and Spain
LONDON TONE.
London gave the tone to the days mar
ket and sustained il by the absorption of
| free offerings of securities after the
opening. The foreign buying of securities
was sufficiently heavy to have a marked
effect on the exchange market, the actual
| rates declining Is with the demand fol
bills very light. LondonS large buying OF
securities, in fact, led to renewed talk OF
| early imports of gold and this talk is
given additional force by the showing OF
! merchandise exports from New York Tor
the week, which were over $l.200,OO0 in eX-
| cess of last week and over S30O0.000
greater than those in the closing week of
last year.
1t was evident that some of the pro-
| fessional traders who held out short con-
| tracts in yesterdays Cuban scare, re-
| turned from covering in the early trans
actions in the belief that the market
would become easy after London had
| ceased operation.
The belated shorts rushed to cover in
the final transactions and made the tone
| buoyant at the close, which found prices
/ at the best for the day for standard
; stocks.
LOSSES RECOVERED.
Yesterdays losses on the average have
been more than recovered. New YORK
! Central was most conspicuous in the
dealings with its net gain of over points
and the stocks of allied properties shared
| in its strength to a somewhat less eX-
tent. Union Pacific the Northern Pa
! cific and the other properties which go 10
make up the Klondike group were all con-
| spicuous for strength and the grangers
! and sOuthwesterns may be added TO the
! list.
The local transit and gas stocks moved
/ in Il somewhat erratic manner under pal
! pable manipulation all showing gains eX-
cept Third Avenue, which reacted sharply
! The bond market showed increased ac-
! tivity and strength the day progressed
and showed gains as rule Total sales
$3.500.0OO. L. S. old tours regular were Is
7
tours were Is higher.
CALL MONEY.
Money on call easy at 11kd2 per cent:
! last loan "a. per cent. Prime mercantile
/ paper 3A per cent. Sterling exchange
/ weak with actual business in bankers
bills at 4S4ss for demand and 4S2lsa4.S2ss
for sixty days. Posted rates, 1881 and
! 4.S515@4S6. Commercial bills. 4.S2.
Silver certificates. 5619d57l5. Bar silver,
| $685.. Mexican dollars, AZ.
Government bonds. strong. State bonds
dull. Railroad bands strong.
SALES OF STOCKS.
Total sales of stocks today were $4,000
shares. including Atchison preferred. 1900;
C. B. & O.. 24.960; L. & N, 4.1o0; Manhat-
tan. p, $50; Metropolitan, 6.2l5; Michigan
Northern Pacific. 1920; Northern Pacific
preferred, 24,4O5; Ontario & Western, b.
500; Rock Island. 1912; St. Paul, 1850;
Southern preferred. 3,065; Union Pacific.
2.4sO: American Spirits. $3.50; Chicago
Great Western. $3.50; Peoples Gas, SIPS;
Consolidated Gas. 1885, Sugar, 3O,94O;
W estern Union, 4.3S1.
BONDS.
L. S. n. As. reg. PTS y. Y. Cent. lists. 11s7s
Do. coup. .12SSs n. ]. c. 5S ......1i2
U S. 4s..........l l2es No. Pac. lists. .116ss
Do. coup, .....114A Do. IS .......... CPS
q. S. SIS, reg. .i1S1s Nor. & w IS 12i
Do. 5s. coup. ia INVEST. cons. ia
Can. So. DDS. loss Do. deb. 5s... us
D. & r. c. lsts.10S o. Nav. 1sts.... .1l42s
d. & r. q. 4s.... 91% }. Nav 4S........ 953s
II. & T. C. 5s... 1902 o. S. l.. 6s t. r.125a4
Do. con. 6s... 1861 o. S. L. 5s. I. r. 99I2
Iva. c. 1sts..... 1912 o. Imp. lists, [ r1gI
K. p. Con. L r. IS Do. 5s. I. r....- 59la
X 2. LIST Den. Reading Is -. S315
Div) / r.....12O r. G. ". lists. So
La. n. cons. 4s..102as Union Pac. lists .121
l. & N Uni. SO L. p. D. & G.
NJ X. &c 7. Ids. 64ls Atchison 1900 rs
Do. As .......... SIS lists ............. 56A
N-r-xrr UODI- CT ncTNrc, cTOCLrC
Preferred $50. 29h St Paul ... 9i2.
Bait. < Ohio 1855 Preferred .....1H
Can. Pac $3.50. S9l4 So. Pacific 49,. 20
Ches. & Ohio. . 21Ia Tex & Pac. -. 121s
Chi. & Alton. 1852 Union Pac. -. 81 e
Chi B. & O.. 1855 L. p. d. & G.. SIS
Del. & Hudson. .11fi2 Wabash ....-..... 69s
Del. L. & W.....152 Preferred 80. lSA
d. & r. c. 111s Adams Elk. .....159
Preferred m AIS American Elk. lis
FIT Wayne ....169 United States :. Al
CT. Nor pref d .I30 Wells Fargo ....112
Illinois Central 1861 Col. F. & from. 237s
Lake Shore .....1S119i Preferred -.-.- ~
Mich. Cent. ....106i2 Gen. Electric 39ls
Mo Pacific .... 1885 Lead .-.-......... 3iss
Mo K. & T.. i2% Preferred 49,. .1Os1s
Preferred -. sc Ore. Imp. Co... 2Sls
n. j. Central. SO Pull Pal. .--..-.1l6A
n. Y. Central. ..1l6 Silver cert. 80. 561s
Nor West ...... 14ls STANDARD Rope
No. Pacific go. 1854 & Irvine -.-.--
Preferred 80. 64A Sugar ...:.-.--..lSIA
O. r. & n. ...-.. 40 Preferred il3A
o. S. l.. .. % Western Union. 90A
Pttsburg Ills r. G. W. .--.-.-- Y
Reading ...... 21A Preferred Sc
Rock Island 49,. Ss&
NEW YORK MINING STOCKS.
Cholor ........... So Ontario ....-..... 2 %
Crown Point -. % Ophir -.-..---.... %
Con. Cal. & Va. / 90 Plymouth
Deadwood ....... 900 Quicksilver .-... l 80
Gould & Currie. 30 Preferred ...... 90
Hale & Norcross / 10 Sierra Nevada. so
Homestake I'D 90 Standard $3.50. 81
Iron Silver 40 Union Con. -. g
Mexican ........ 20 Yellow Jacket. "a
SAN FRANCISCO MINING STOCKS.
San Francisco, Jan. 25.-The official
closing quotations for mining stocks to-
day were as follows:
Alta .... 12Kentuck Con. -.
Alpha Con. $3.50. Z Mexican $500. p
Andes ........ 14lOccidental CON-. So
Belcher ...--..... 35lOphir 81
Best & Belcher.. 4SlOverman
Bullion ...--...... 10 POtOSi ....-----..- 81
Challenge Con-. 81 savage ..-..--..-. 10
Chollar ......... "a Scorpion ......... 3
Confidence 49, 70 Sierra Nevada. Il
Con Cal. & Va 10 Silver Hill $3.50.
Con IMPERIAL. Union Con. $50. 80
Crown Point ~ 25 Utah Con. 1850. 10
Could e Currie 81 Yellow Jacket. q
Hale & Norcross 30 Standard ..-..... 40
Justice ~
BRITISH FINANCES.
Business Checked In London By Poll
teal News.
New York. Jan. 25.-The Evening Posts
London financial cablegram: The stock
market here was idle. business being
checked by the political news and by
Money rates at the settlement were
about as before.