The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-15
Wild Fluctuations That Unsettled
the Whole Stock List.
DUE TO MANIPULATION
ELIMINATION OF SQUEEZE
AGAINST THE SHORTS.
Stock Dropped From 125 to 11e, and
Then Rose to 124-Railroad List
Showed Tendency to Drag-Ap-
prehension of a Rise In Money
Rates-Bond Sales, $7,eS5, 900.

New York. Nov. 1.-THE stock market
has recently emancipated itself in
large degree from the influence of Sugar,
Tobacco and like uncertain quantities,
but the violent gyrations of Sugar in to-
days market could not but have rather
unsettling effect. Quotations were almost
lost at the Sugar post at the Opening, and
We're recorded all the way from 125 down
to 124. Before moor. the price was quoted.
at ll9 and again before the close it went
back to l24 The early decline was based
on the fall in the loading rate, which
was taken to indicate the conclusion OF
the squeeze against the shorts, and the
subsequent recovery came with the an
nouncement of the advance IN the price
of the product by the companies alleged to
be enGag ed in a trade war of eXtermila-
ton. The enormous volume Of the trans
actions in this specially gave it neces-
sarily some sympathetic influence on the
general list. The opening quotation Tor
Atchison preferred also ran all the way
from a to AZ, with sales OF Sa,OOO SHARES.
The high price proved too much TO SuS-
tain and it ran off in the first hour, car
rying the whole railroad list with 1t,
AtchiSOn preferred more than recovered
later in the day, and sold as high as 42A.
The adjustment bonds were also in heavy
demand and rose at one time rs. But the
railroad list generally showed a tendency
TO drag and recent leaders were sustained
at a level above Saturday mark, with
difficulty. in spite of the additional ad-
usually inactive stocks.
- Finding the difficulty of moving the
recent leaders, speculation showed a ten
dency to turn to the lower priced stocks.
The grangerS and the PacifcS and the
iron and steel stocks showed an increas-
ing heayiness as the day progressed, and
some fell below Saturdays close, while
none of them show net gains of more than
a fraction.
The money market was active, and
rather hrmer today and some aprehen-
sion is felt of a future rise in rates, the
more so as London sold stocks in New
York freely today, as a safeguard against
a gold movement to New York.
AtchiSon adjustments continued to lead
the bond market and there was notable
activity in Wisconsin Central first, which
declined IS, and in Texas AZ Pacific Ind
incomes, and some other middle grade and
low grade issues at advancing prices. But
some of the big grade 4 per cent bonds
which recently have peen conspicuous for
strength, including the Atchison, North
ern Pacific Union Pacific, Erie, Reading
and Norfolk & Western were disposed to
Total sales S7,6S5,OOo. U. S. new as reg
istered and the 5s registered declined Is
and the 5s coupon advanced Is in the bid
The total sales of. stocks today We're
667, 400 shares. including Atchison, 81 600;
Atchison preferred. $500; c. & o., $3.50;
burlington, 1850; L. & N, T,121; North
ern Pacific, LAS, Northern Pacific pre-
ferred. AIS: Rock Island, 70,920; Union
Pacific. 7,620; Union Pacific preferred,
L. u.
1871; Texas Pacific, 10,16S: International
Paper. 6910; International Paper pre-
ferred $3.50; Tobacco. 1850; Bay State
Gas, 11.196; Federal Steel 1851; Federal
Steel preferred 2,1S7; Peoples Gas. eX-
dividend. 1880, Pacific Mail, {, $50; T. c..
& l., ,405; Sugar, 10, 1S5; st. l.. & S. w,
preferred, 5531;- Chicago Great Western
BOND QUOTATIONS.
Z. S. 3s...........10515l N. P. 1sts.......1161k
Z. S. new IS reg.12f14 n. p. Ss.......... 679s
L. S. new As n. P. 4s..........1 021a
coup ...........12S IN. Y. c. & st. L.
Z. s. 4s...........i1% As ...............10515
q S. As COUP. .n2j2 Nor. & w. 6s.. .-l20
~. S. 2nds........ 9S12I INVEST cons. .14255s
y S. IS reg. .1l212 INVEST debs IS. HI
5. IS cOup....n3 o. Nav. 1Sts.....114
N0st. 65s-.-...-.llS o. Nav. 4s......f0 H.
fAtchison 4s...... gS1s O. S. L. IS t. r..-129l2
AtchiSon ADJ 5S. 1872 o. 5. L. 5S I. r. 0S5s
Can. S. ends. ....11054 Pac IS of '95 IO2i5
G. & O. 412s..-... IS Reading 4S....... So,
Chi. Term. Is. 81 r. G. w. 1sts.... 90%
G. & o. 5s........117 st. L. & 1. NJ
c. H. SS D. 415s. .1045s con. 5s $685.
D. & r. q. lists. Jos ST L. & S. F.
d. & r. G. 4s..-. 9S24 Gen. 6s......121
East Tenn. lists. 107 st. P con........1G0
L. w. q d. lists St. ?. c. & P
Gen. Elec. 5s..1O9jl st. P. c. & P. IS. ISL
G. H. d S. A So. Ry. 5s........ 1921
Is ............-. .1O5 Standard R. &
2nds 10Y 7. 2. I. G, iSts:1i9
A. & T. G 5s.. HES T 2, Rg- ends. 4S
H. & 7. c. con- Y. P. 4s..........101
6s ...........-... ll0l2l .: p. D. & C.
Iowa c. 1sts.....10i7sl lists ........ S07s
/. q n. Y: Is. 93l2i Wab. LIST 5s.....112
NJ X. & T. ends 66I4 Wab. 2nds. 9fss
NJ X. q 7. As. S124 W. Shore 4slIlI5
n. Y. c. 1sts....1iS Wis. Cent. lists. 62Ig
n. J. c. 5s....--.1l3i2
STOCK QUOTATIONS.
Atchison ....... 15sLI Rock Island 1873.
Preferred 800. 4212l st. L. d S. F.. IA
Bal. x Ohio...... 20 Preferred $50 66iz
Can. Pacific -. S3Ss Second pfd. 32i!
Can. Southern =. IS St. L. &, S. W.. 55s
Cent. Pacific -. Is Preferred $50 141s
CheS. IL Ohio. 23lsl st. Paul. 1875
Chi. & Alton. e. .l63 Preferred 1925
c. b. d O.. .ll9sst st. P. & o.. SSia
Chi * L. HIS. 5514 Preferred l6l
Preferred 800. .l0672 st. p. NJ. & NJ. .175
Chi G. w.. 151st So. Pacific 49,. 2415
Chi. Ind. x L.. ~ So Railway -. 9ss
Preferred $3.50. % Preferred $3.50. 3SI[
c. & n. W....-.-13414 Tex. & Pac 1855
Preferred -. ..lSO72l Union Pacific... 34ls
c. {. {. d St Preferred ...... $50
L. ...--.......-. 4l72f U: 2. d. & Co.. 6
Preferred .-.... 81 Wabash ......... s724
Del. & Hudson. 99S4 Preferred ..... 2l29
D L. & VIE W. & L. E....... 35s
ID & r. c. 14iai Preferred ...... 175s
Aereferred 800. 5S12l Adams EX.......I09
2-tSe new 49,. 1872 American Ex....14o
t4rst pfd...-.-- S41s United States.... Il
FORT Wayne In Wells Fargo -. .122
CT. y. pfd.. ..--.l40a2 Am Cotton OIL. 3324
Hooking Nal.--- "a Preferred ..... So
Illinois Cent. .-1l114i Preferred 49,. 36%4
Lake Z. & W. 1919 Am. Spirits - 11Fs
Preferred 800. 6lS4 Am. Tobacco 1885,
Lake Shore...-..l93 Preferred 49, 1851