The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-11
Halt in the Bull Movement in the
Stock Exchange.
LOWER PRICES PREVAILED
MARKET DULL COMPARED WITH
LAST WEEK.
Buying OF Northern Pacific In Blocks
Running From 1000 to 1000
neutrality-suspicious. Anent the
Continued Fir1nness Of Money
Bonds Active.

New York Jan. 10.-There was halt
in the bull movement on the stock ex-
change today, the upward course of
prices meeting with some obstacles. The
buoyancy manifested by some special
stocks was not sufficient TO overcome the
general tendency entirely, and prices as
rule are somewhat lower There was
some pressure to sell for London account.
and prices were lower before the opening
there. There was disposition reported
from that center 10 take an unfaVOrable
view OF the future values in this coun-
try. There was also some selling to re-
allze in continuance OF Saturday profit
taking. The readiness of traders to re-
allzc gave weight TO the opinion OF some
OF the professionals that the technical
conditions We're not good at present for
prolonged rise This opinion is based on
a belief that large lines of stocks are
already in the hands of spectators,
awaiting a rise. These holdings, it is ar
gued. might be dislodged by a slight re-
action and passed into the hands of large
combined interests Doubtless the fear
OF some such vancouver caused some Of
the smaller operators to pause in their
buying today. It also gave confidence to
the bears. who sold some OF the leading
stocks quite aggressiveiy.
NORTHERN PACIFIC.
The market was, however, duh as COM
pared with the latter part of last week.
The buying of Northern Pacific stocks
was very heavy, blocks running from l,O0J
to 1000 shares changing hands quite fire.
quently. AS result, the preferred closed
rs higher at 62A, which is new high
record
There was some disappointment in view
OF Saturdays bank statement, the con-
tinued firmness of money, which did not
loan below 3 per cent. Foreign exchange
also continued firm.
The bond market was quite active to-
day and prices held firm in the face of
some realizing in the speculative lots.
Total sales, 49, $50 900. United States old
As coupon are Is lower bid.
MONEY MARKET.
Close-Money on call. steady, $685. per
cent: last loan, 8: closed, 215@3 per cent.
Prime mercantile paper, 312q4l2 per cent.
Sterling exchange, firm, with actual
business in bankers bills at 4.S11s for de-
mand and 4.S2%4M4.SS for 60 days. Posted
rates, 4.S3ie04.S6. Commercial bills 4.S2.
Silver certificates. 571445S. Bar silver,
57ls. Mexican dollars, 45S4.
Government bonds easier. state bonds
dull. railroad bonds strong.
SALES OF STOCKS.
Total sales of stocks today, SS3.9OO, in
Guiding. Atchison preferred, 1904; C. & o.,
$500; c., B. & O.. 1915; D.. L. & W., $500;
Hooking Valley, 6,115; n. J. Central. 1855;
L. a. N. APPS; Manhattan, 1856; Metro
politan Street Railway, 800; Hawaiian
Commercial company, 55O5: Missouri Pa
Pacific. 1888; Northern Pacific preferred,
81 704; Rock Island, $3.50: St. Paul. Is. 145;
Union Pacific, $3.50; U. P, d. & G., 6,909;
Wabash preferred, 5,275; Wheeling & Lake
cago Great Western, 9,476; Peoples Gas,
$50; General Electric, 4,0OS; Sugar, 31,S4O;
Tennessee Coal Sc Iron, 6,253; Western
Union, $685.