The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-07-14
Caused Break In the Prices of
Stocks.
ALARMED THE TRADERS
MORE TO BE FEARED THAN THE
SPANISH ARMY.
Bears Made Use of the Alarming
Reports and Prices Went Down
Bonds Also Suffered From An Ex-.
tensive Movement to Realize, But
Rallied Later-Wheat Lower.

New York, July l3.-The sharp break in
prices in Wall street was due to the re-
ports that yellow fever had broken out
among the American forces about San
tiago. The proportions OF the break in
prices is 8 demonstration that there is
an enemy in Cuba which is more feared
than the Spanish army. There was IN
doubtedly a good deal OF LIQUIDATION in
duced by the reports, but there We're also
obvious earmarks of a bear raid in the
plhng up of all sorts of alarlnist rumors.
oeseral tunes during the day the bears
mad mlSglYlngS about their campaign and
started to cover. but as often renewed
the selling movement. There was an ex-
IenSlNe covering movement in the final
dealings, however, which caused substan-
t1al rallies all through the stock list and
Inc speculative bonds as well. Net losses
OF petWeeen ana points are -.everthe-
less very literally snri -z>.d all through
the list. There was 4 extensive move
ment 10 realize also IN some of the Junior
mortgage bonds. which have been advanc-
ing curing the last few days. The reac-
ton IN these was as sharp as in the stock
list, out there was a large absorption at
inc oecllne and IN easy rally in most
eases The Atchison adjustments, which
LED Ia point Of activity, were an exception,
closing near the lowest. Business contin-
ued very good in the Atchison preferred
stock, and its net loss is less than aver
age There was no attempt. apparently
10 SuDDcrt the stock, but the pressure 30
realize was not severe Peace rnmors
which carried up Spanish Is sharply, had
no effect ON Americans. Business il bonds
was largely confined TO the speculative
junior issues. which all reacted on reaIiz-
ing. Total sales. $5,eoS, coo
T. s: rev. Is declined Il and the old is
4 IN the bid price today.
BONDS.
u S. n. As. reg. l25 n, Y. C. St.
Do. coup. 80. 125 l.. Is ........... 1852
u. S. As .1lO%s Nor. * w. IS ...122l2
Do. coup. .....E1h invest. cons. .lIz12
?, Do; IDS .. % Do: deb. IS .-.11612
Do. 5s coup ...113I2 O. Nav. As 49,. y61s
District COS ....116 o. S. L. Us. t r I27
Atchison As 49,. 1875 Q. S. L. 5s. t. r.1O4l5
DO. adj. As 49, !0ls Pac. 6s of S.. 1912
San. SO. IDS ....u0 Reading As 49,. SO
hi Tenn As. S5L2 r. q. w. lists $685.
:. & Ohio 5s..-.1l45s St. l. * Iron NJ
.. & r G. ISIS los St. L. & S. F. "
p & K c. Is 1872 Gen. Is -.......1 151a
East Tenn. 1sts106 St. p. Con......I43
Erie Gen. As. 1912 St. p. c. & P.
+ w. * d. lists 80. ......117ls
Gen. Elec. IS. .104 so. Ry. IS ....... "a
Do. DDS ......-102 & Irvine IS - 20
IL & t. c. .ll0]2 Tenn n set 3s 9l1s
Do con Gs.1dd Tex. Pac. L. G.
I've Il l Tni Is. s i56s Rg. Ids 49, 81:
NJ. K. * I. IDS. 65St L. p. ID. IL G..
n y Cent. ists1i51s wab, list SIS lilo i q
n. J. c. Is ZIP DO. IDS ........ 81
No. Pac, 1sts....11212 w. Shore IS 49, JOSE
Do IS ......... 62ss Union Pac. 963s
DO. As S11s
NEW YORK CLOSING STOCKS.
Atchison -. - 1872 Lake Shore ...1Ss
Preferred ...... S42s Manhattan L. .1061s
Bait. & Ohio-.... l49s Met st. Ry.... .157A
Can. Pac. S3l4 Mich. Cent. 1859
Can. Southern. 50 MINI. & St. L.. 2S
Cent Pac. ....-. Il LIST preferred. IS
Ches. q Ohio. 22I5 Mo. Fac. mn. IS
Chi * Alton.....1e0 Mobile & Ohio. 20
Chi. IS. & Q.....1o55s MO. K. & Till
q g ~ rs cd
Del. L. < W....156lI Chi Ind. & L.. 915
Del & Hudson. .106 Preferred $500. PIG
D %, & r. G. lSA \ J. Cent Cent. $50. S9l.
Erie new 49,. 1875 Nor West -. "A
1st preferred. AS No Pac. ........ 2S5s
E. E. Ma Mayn nfd .Is9 o PTsfe T a.
Hooking Val -. 5&4 o. S. L. .....2 Is
Illinois Cen. -. 1892 Pittsburg =. ....179
Lake Erie * W. 14l2 Reading =. 49,. I72+
Preferred ST. 6S32 Book Island a63s
1st preferred. 6112 Col. z. & IRON. 20
2nd preferred. 2S2s Preferred ...... 30
ST Paul. ........ 9S9s Gen. Elec. -. 2S7s
Preferred ......149 Illinois Steel -. 5S%t
S.. 2. & ON. 80. 81 Laciede Gas -. 49I5
Preferred lib Lead -. 33Js
St. 2. II. & NJ. .15r2 Preferred .....1O7
So. Pac. ......... 1919 Nat. Lin. OIL. rs
So. Railway SO Pac. Mail $500. 2S$<
Preferred ...... 1914 Pullman Pal. =. POS
Tex. & Pac. -. 1214 Silver cert. 80. 50
Union Pac. 80. 593s Standard Rope
I. P. d & g.. GA & Irvine $50.
Wabash .-....... ~ Sugar -. lib
Preferred -. 1S34 Preferred -. .1Si2
Wheel & L. e. u T. c. & Iron 80. 245s
Preferred ...... L. s. Leather e.. "a
Adams Ex w % Preferred w G6ls
American Elk. ..12g u. S Rubber. 27ls
United States.... % Preferred 49,. 9lA
a. Cot. oil -. 2ol$ CT y. w PIE
Preferred 49,. u Preferred 17Ol2
Amin Spirits -. 129s r. G. w. ....... 26i2
Preferred ...... 35J5 Preferred .. Go
Am. Tobacco ..119I4 II. Com. Co. -. IS
Preferred ......120 Reading Ist -. 41Ss
Peoples Gas -. 9S3s brooklyn .......- 25s
Com. Gable Co. 40
NEW YORK MINING STOCKS.
Chollar e. ....... 10 Mexican e. 800. 81