The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-31
LARGER THAN THAT OF ANY
OTHER NATION.
Large Sums Are Probably Loaned
Abroad, Subject to Call-Factors
In the Wall Street Situation
Steady Rise In Values Yester-
day-Industrials Were Strong.

fortnightly settlement passed off favor
ably, opened away up on purchases part
~ Tor American account. There was also
genuine buying Tor foreign account, owing
10 the dis~inclinatiOu of London operators
to await a possible January boom. n
American rails closed at about the best.
The initial rise locally was not quite up
20 the London figures, but trading was
active and broad. Commission house buy
ing oVercane realizing sales. Industrials
We're particularly strong and Rock Island
led the grangers upward.
Public interest increased as the day
were on. and prices were generally lifted.
Ihere We're sensational advances sue
cessively in Aair Brake, Long Island rail
Way, Delaware, LackaWanna d Western,
Great Northern preferred, and Pullman
American Steel 81 Wire. All main
tanned the greater part, If not all, of their
advance, except New York Air Brake,
which, after a Use of Z points, reacted 1OA.
and closed unchanged for the day. 9he
belief that next yea twill witness a more
harmonious arrangement in the anthracite
trade was largely responsible for the rise
in Reading ana other ~coal-carrying roads.
Confined favorable railroad and trade
reports and prospective easy money
stimulated the buying, closing the year
OF the stock exchange trading in a whirl
OF activity Il strength, with many Secur-
tiles at the highest price Of the year.
The bond market shook off its late hest
fancy and coursed upward, with Darticu-
larly large purchases of Reading As, which
touched IS. Total sales, $685. coo.
u. S. OLD IS registered advanced Il and
the old 4%scoupon, the new As and the IS
Is in the bid price.
Americas Unprecedented trade. with
monthly increases in exports, continued
a great supporting factor in the days
business. The sold holdings of the
United States are larger than those OF
other countrie san increased sums of
money now p~roftably loaned abroad are
subject to call as they may be wanted.
Deposits passed the $S00,000, 090 mark in
last weeks bank statement. The absorp-
ton Of American securities by home cap
ital followed this plethora of money. A
rise In cereals rough Out farmers sup
plies, increasing eaSt-bound traffic. while
the farmer's demands for manufactured
articles. increasing with their available
funds, gave the railroads a profitable re-
u trffic. There was no evidence of the
traditional disposition to restrict at the
end of the year, but rather a tendency TO
discount the reinvestment OF January
dividends.
Business was in larger volume at gen
orally rising prices. Indeed, commission
Christmas holidays, resulted in Tuesdays
boCyant trade with transactions the larg-
est of the year, being little short of a
million shares Of stocks. Subsequent
trading was enormous, but not up to the
first day. London was a Tree purchaser on
balances, regardless of the stiff cotango
rates for the fortnightly settlements
there. The idea that Tuesdays enormous
bulge was the elimination of the rise,
seized the traders Wednesday and prices
fell off. and for the first time this month,
E1lC l1ldIhGL GAOECu NG0A aL q OA1CANAC lOAG
recession in prices. A furry IN call
money, which was m~omentarily bid up to
6 per cent, aided the decline in values, but
offerings soon brought money back to low
figures. The market was tested by the
bears on the succeeding days, but copper
aued and closed higher.
November net increases were general,
| Burlington leading with a 40 per cent in
~Tease. Improvements in the week reached
very formidable proportions in the stand
ard stocks. The rise nj the rangers eX-
EardaH RI Oh in Rock Island h1t the Pa
ciics averaged only about a point. Pur-
chases of gilt-edge stocks were in large
volume and substantial gains were the
rule.
The weeks bond market attracted con-
siderable attention, the market undercur-
rent OF strength exhibited there serving
to inspire confidence in the general situa-
ton. Purchases for foreign account We're
very heavy and a keen demand was evil
dent for the Silt-edge. issues
L. S. IS advanced IS. the new As =, the
old Is Il and the Is IS in the bid price.
The stock exchange viii close tomorrow
and or Monday.
SCI. 70 shares, including 1,5SS Atchison.
gS 500 AtchisOn preferred. 1920 Central
Pacific. $3.50 Burlington, 400 Chicago y
Eastern Ills. 1850 Erie preferred. 6,O40
Great Northern preferred, !. $50 Louisville
q Nashville. $3.50 Manhattan, 800 Nero
poiitan: $1,000 Reading preferred, $500
Missouri Pacihc, BIS jersey CITY l9;2Lo
Northern Pacific, APO Northern Pacllc
preferred. 23.520 Reading, $500 ROCK
island. 20529 Union Pacific, 1850 St. Paul,
1850 Southern Pacific, 5,o1 Sontherq pre-
Pacific preferred, G.60O Tobacco. Sl,lL0
Steel. 1920 Steel preferred, z0.021 People s
Gas, 5000 Colorado Fuel, $40 Pacific man,
3.12G Pullman, $3.50 Sugar, Icy L I. q
/. $500 Leather preferred, 400 Chicago
Great Western.
BOND QUOTATIONS.
I. S. 3s.... ......1O75s Nor. Pac. lists .11i35
Il. s.. new As regl25 Do IS e 80 6yA
L S. as. ........11lB N. Y. c. q St
DO COUP. e.. Hiss /. Is. LED
DO ends. .. 99i2 Nor. K ". Is ..l2S3z
I. ). 5S reg. ..ltzzslN. w. consois Lao
DO 5s u ..1l2A 10 QeD. 3S.- .-Il9
district 3 65s.. ..11Si4fO. Nav. lists. lib
GtchiSon IS. -. $3.50. Nav. As. .. ..1005s
adj. As. -. 70 10. s. L. IS t. +. 100
Eau. SO. 2nds ..l1012lO- > l.. IS L r.-16d12
IL e O. us. -. 81 lPac. Is Of 'g5.-..103
Chi. Term zs..- 1914 Reading As. -. SS2s
Q. & O. 5s.. ....u74lR. G.. W. lists =. So
c. III. & D. H5s1045sl st. L. * L. NJ.
d. X r. @. 1sts.loS Con. os.. ....lOO
D. & r. 6. 4s....l62A -. l.; q ,. F..
East Tenn. lStslOl Gen. rs. 10
Erie Gen. as. j. Z5H5 st +. Con-. ...-1bz
u W. a D. lists St. P c. x p.
/ + S512 ISIS: Il. ~
DO 2nds.... ...1OS st. R. & T. 6s.. S4la
II. & T. C. 5s....L2 n. p. /. q. 1~stsl09la
Do con. 6s.. LIP Do reg. Ends 4S1.
Iowa. c. Isis 10y 1T. p. D. & G. LIST S73s
T.. & N. Uni. As IS lKNab. 1st 5s.. liz
M K 81 T. ends Tx Dc ends. -
% As. -. 91$tIWis Cent. lists. 60
n. y. Cent. 1sts1173s. Union Pac... ..105it
n. J. Cent. 5s.-116 iCol. So As. -. S6$i
STOCK QUOTATIONS.
Atehison. lS& St So, l; & s. w. e 3
Bait 6Tst s oaio.. :: s5N st. Paul PAUL. -. l 2C5.
Can. Pac.. =. = $50 Preferred 100
Can. So... .. sos St. p. & Omaha 30
Cant Pac.. :. 1874 Preferred les
Ches. & Ohio - IS st. I. NJ. Z NJ. $50
Chi. &. Alton Ito So. Pac.. -. 333s
c. B. & O.. ....125 So. Railway. :. 101.
Chi. q E. H.. =. 6l1k Preferred :. :. Az.
Preferred %. HI Tex. q Pac-- ~
Chi. Ind. & L.. SIS Preferred -. :. "a
Preferred :. - % u. p. d. 4 c.. u
c. & n. w. ...-142R Wabash. e.. -. ~
Preferred ..1S5k Preferred -. :. 22ss
c. c. c. & st. L. Bs W. & /. e. -. 81
Preferred =. 81 Preferred =. :. ~
Del. & Hudson.10412 Adams EX.. ..s.10S
Del. l.. & W....154 Am. Exs- ..1B
D. & z. G.. ...2g7s United States :. 81
Preferred 3. Nss Wells Fargo ....I27
Erie new =. 14Ss Am. Cot. Oil -. 352k
lst pfd.. -. 3gA Preferred 50
TT. Wayne -. ..T55 Am. Spirits -. 13@
Gt. Nor. Dfd.. ..144A Preferred 37L
Hooking Valley. 3B Am. Tobacco lab
I'll. Cent. ...I14k Preferred ..13O
/. z. & W.. u Con. Gas. .....f95J
! Preferred F4M Com. Gable Co. ll5
Lake Shore. 1861 Col. r. q Iron. 312
Louis. & Nash. 64Ss Preferred :. IS
Manhattan L.. 975s Gen. Electric =. S53
Met. st. Ry.. ..191Ss Haw. Com. Co.. SO
Mich. Cent. LII Int. Paper. r.. 63%
MINI. & st. l.. 1864 Preferred !. :. 9SH
LIST pfd.. :. ;. So Laclede Cas- :. 52i.
Mo. Pac.. -. 45l2 Lead. e. -. 81
Mobile & Ohio. 3l% Preferred :. ..1i3ll
Mo. x. * t.. :. 1884 Nat. Lin. Oil.... 81
Preferred = = 3lss Fac. MALL -a 10y;
N. J. Cent. -. 81 Peoples Gas ..ll0Ia
N Y.Cent.- -. Us Pullman Palace. IFS
n. Y. c. & S. L. l4b Silver Cert. -. 59I!
lst pfq - R-& Twfne. Sh