The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-10-05
Market Now Presents Many Ele-
mentS of Strength.
MORE GOLD IMPORTS
FURTHER RELIEF FOR THE
MONEY SITUATION.
St. Paul Statement Was Also Fac
tor In the approximations
Unable to Make Capital Out of the
Closing of a Bank-Bond Market
Active.

New York, Oct. 4-Considerable regular
ity marked foday's operations in the STOCK
market. but the net result was in favor
of the bulls, final prices showing sharp
gains in many cases. Elements OF
strength included the ST. Paul statement
for the fourth week OF september, soid
engagements, DreSaSlnS 1urther ease IN
the monetary situation, and more general
commission house buying. st. PAU was
taken in hand at the outset ana HIted
sharply, but Improvement IN the general
list was arrested by the irregalarity in
the specialtieS. The market, generally
speaking, did not take on decisive tone
until the late session, when heavy buying
orders were executed all around, which
advanced prices materially. Evidence
that leading interests We're supporting
their favorites created uneaSlneSs among
the shorts, and large lots were taken in.
This likewise influenced outside demand,
which had been eliminated from the mar
ket during teh generalization OIL the spe-
clalties. The bears attempted 10 make
capital out of the closing OF the TRACES
mems National bank, but ii was not an
effective card, as after period or Gull
ness following the announcement, prices
worked up slowly until the movement as
Sumed large proportions In the late after
noon. The futile efforts TO bring ABOUT a
substantial reaction, combined with the
ready absorption of all offerings, infused
a more hopeful feeling, which became IN
tensified as additional encouraging traffic
statements came to hand. Some lines re-
ported a falling off in earnings, but this
showing it was felt, would soon be coun-
terbalanced by the elimination of certain
unfaVorable Influences current at the
present time Tobacco pursued its usual
wild course, and no variations occurred in
other members of the industrial group.
Brooklyn Transit made conspicuous
show of strength, the stock being taken
on expected benefits to accrue from the
absorption of the Nassau road and effect
i've economics in operating expenses. y
concerted drive against Sugar late in the
day depressed the stock over three points
and halted the general market when the
rise was in full swing. RealiZations oc-
CURED all around, but a better tone pre-
vailed at the close. the market closing
steadily.
The bond market today developed con-
siderable activity, and heavy purchases
The general tone was strong and brisk
inquiry prevailed for some mortgages
which usually do not figure to any extent
in the trading, notably st. Louis q San
Francisco liens. Total sales, $2,850,0 900.
Considerable activity developed in Unit
ed States 3'S today, gain being made of
Il per cent to 10514. Bid quotations of all
other issues were unchanged.
Total sales of stocks today were 4o4, 400
shares, including: Atchison preferred,
1855: Burlington, 1850; Manhattan, a.
$50; Northern Pacific, 2l,129; Northern Pa
cific preferred, 6,130; Rock Island, 15,920;
Union Pacific, 2, $50; st. Paul, q, 500; Union
Pacific preferred, II. $50; Union Pactfic,
Denver & Gulf, 1886; American Cotton
OIL 9,775; American Tobacco, 115, $50; Chi
cago Great Western, 500; Peoples Gas,
IL ,235; Sugar, 50, $50; Leather preferred,
8. ass: Rubber n.3S5