The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-07-22
New Issue Was Advanced Yester-
day to 1O4 Is.
WANTED BY THE BANKS
SOME HEAVY SALES OF UNION
PACIFIC TOURS.
Large Amount of Money Seeking In
vestment In the Highly Secured
Bonds-Stocks Were Quiet, With
Very Light Trading-Prcspects IL
Another Enormous Wheat Crop.


New York. July 21.-There was no relief
to the undertaking quietude of the stock
market today. A few of the industrials
were pushed up on considerations indi-
vidral TO the stock. The strength Of these
had some sympathetic eect on the general
list stocks in which showed appreciation
in price on very small volume of deal
ingS- Not all OF the gains were held, but
prices q the close showed some net gains
as a rule. Rubber. Leather Metropolitan
Lead and Cotton Oil were all advanced
quite materially and there were a few
of the railroad stocks which rose as much
as a point. London was a small buyer on
The hesitation in the wheat market had
its reaction in the stock market. though
the fact is now accepted that we are 10
have q wheat crop OF unprecedented pro-
portions. OF rather more significance was
today S report that there were prospects
of a large crop OF Roumanian wheat, sup
pected heavy increase in the French crop
Current prices for the future deliveries
OF wheat show tendency to spread from
the prices ruling at the corresponding
period last year the active speculation in
the coming crop at this time last year
being in full force. with reports of dam
age 10 European crops and the prospective
heavy shortage. Today's price for the
September delivery in New York is about
seven cents under the price for the cor
responding period of last year. The inter-
rupted grain movement already shows
signs of recovery, and a good export de-
mand gives hope that present prices will
be we'll maintained and the movement OF
the new crop continued.
Sterling exchange was reduced 14c in the
actual rates today, under the influence
of grain and cotton bills in the market
and there was no hardening tendency in
the morey market.
The pressure of investment funds was
conspicuous in the bond market today,
notably for highly secured bonds of re-
organized roads. Very heavy blocks of
the Union Pacific and the Atchison As
were taken. There was also a movement
in speculative bonds. Wisconsin lists be-
ing the leading example, This bond APP
preciated IS per cent and reacted sharp
~ on profit taking. but hardened again
before the close. Total sales. $4.51c 0Oj.
The new government IS rose to 1.04ls today
on demand attributed to the banks for the
purposes of circulation. The profit ir
circulation with these bonds over that
by the use of those of 1925 has a margin
still remaining with the premium above
1.04.
United States new As coupon and the IS
registered advanced 4 and the old As
The total sales of stocks today were
l22 100 shares, including 4.420 Atchison pre-
ferred, S24o Manhattan, 1888 Metropoli
trail, 1850 st. Paul, $3.50 L. P. D. & c..
7735 Cotton Oil 1910 Tobacco, $500 Lead
"a. lS5 Sugar. 1856 Leather preferred, 8, l55
Rubber.
BOND QUOTATIONS.
q. S. n. As reg. .124 Nor. Pac 3s..... sS%
Z. S n. As coup. .l25l4 Nor. Pac. 49,. 9SSs
g. S. As reg. .109l2 n. Y. c. & St.
J. S. 2s.......,.. 9s ". & w. 6s.......i22A
J. s. 5s reg. -....1lll2 iNorthw. CON-. .l43A
Z: s.. 5s coup. .1l2i2 Debenture ..117l4
District 3 eos. 116i4 Ore Nav III
Atchison 4S...... 945s Ore. Nav. Is. 95i5
Adjustment As. 7yss ,. s. L. IS t. r..127
can. South. Is. .109 }. S. L. 5s, / r 1O4
mic Term IS S6is Pac. SIS of '95....102
;. & Q. 5s........ 114t2 Reading As 49,. g
:. II. & D. AIS. 1875 r. G. ". is. 1885
.. & r. G. 1s,-..loaiI 81. L. & Iron NJ.
D. & r. G. Is. % con. 5s - $685.
East Tenn. Is. .1Q52s St. l.. & San +.
erie Gen 4s.,-... 1874 Gen. 6s ........11S
Eft. w. G. D. Is. st. Paul con....145
J. Elec. IS. old. .l05 St. P. C. & p. IS. 1i5i5
). II. & $. A. .l04 Southern Ry. IS. 93A
:. II. & s. A. 2s.l13 Standard Rope
4. d Il. G. 5s... .1l012 & Irvine 49,. II
II. & T. c. 6s....1l1 t. P. l.. G. Is. .1O6
la. Central 1s....102 Reg. IS ... 42%
= & N L. IS. $50 {: P. D. & G. Is 729s
NJ. X. & T. 2s.... 65A Wab. LIST 5s......1 10lA
NJ, X. & T. As. $50 Wab. IS .......... IS
n. Y. 9. .l15s West Shore As. .10S15
n j. {. 5s.-...-.1u u. p 4s........... SIS
Nor. Pac. Is. .1121si
STOCK QUOTATIONS.
Atchison ...... 1875 Mich. Central. 1864
Preferred 80. Sl4 Mimi. & St. L.. .
CAM G. a. Pacific - s q M tst P Bie lie. ssx
Can. Southern. SO NJ. G. O........ 2o1c
Central Pacific. IA NJ, X d t.. lOs4
Ches. Sc Ohio. 224sl Preferred .-.... S4l4
chic. & AItol....le0 Ind. * L......... 912
c., B. & Q........l05A Preferred -. 2sl2
Chic. x L. MS. "a \. J. Central. $50
c; c. c. & St. l. ~ \. y. Central. ..1I75s
Preferred 49,. IS n. Y. c. & st. L. l3
Del. & Hudson. .lo4&4 Is pfd .......... Is
D., l.. & $50 End pfd - SO
d. q r. Co.. Il Northwestern :. IA
Preferred $3.50 1875 Nor. Pacific 49,. %
Erie new go. ia Preferred ...... 701s
LIST pfd .-....... 344 .. r. & NJ. IS
FIT. Wayne ITO o. S. L...... y
CT. Nor pfd ..126 Pittsburg ........110
valley. 912 Reading ......... 163s
lis. Central ....1071s Rock Island w 1884
L; Erie & w.. 10 st. l.. x S. F.. III
Preferred 20 LIST pfd ........ 81 b
Lake Shore. .1SS End pfd ........ 2S$s
Louis. & Nash. rs st, Paul $3.50. $50
L.. 1854 Preferred ......15l
Met. st. Ry... .151h St. p. NJ & M152
St, P; & o.. SIS Gen. Electric. Ss%
Preferred ......150 his. Steel ....... IS
Southern Pac.... lass Laclede Gas -. 50h
southern Ry---. SSs Lead --.-....-.... 36is
Texas & Pacific. 122 Nat Linseed Oil 1914
Union Pacific CO.'S Pacific Mail -. 2sl2
.; F., D. & g.. 6A Pullman Pal ..29s
Wabash .......... "a Silver CertS 49,. 59H
Preferred 800. 10 Standard Rope
W v. & l.: F.. 81 & Irvine s
Z
Adams Express. 101 Preferred 11Sl@
Ann. Express. 135 Tenn. c. & L. "a
Z. S. Express. IL L. S. Leather. ~
Wells Fargo Exits q, Preferred 49,. 6SSs
ANN Cotton Oil. 2332 q: S. Rubber =. 9lss
Preferred ... I6ls Preferred 49,. 9l5a
Ann. Spirits 49, 1l4 Western Union. g2B
Preferred ..... 1924 c. & N l2ST
ANN Tobacco. .1l9i. Preferred .1T3
Preferred ......122 RIG. W.. 2S1s
Peoples Gas 80. 9Sls Preferred - 66ai
Con. Gas ........196 Read. is pfd.. 80
Com. Cable Colo L. p. ...... "a
Colo. f. & L.. 20 5. R. S........... 50
Preferred ...... 80
NEW YORK MINING STOCKS.
Cholar ........... .lOOntario .......... $50
Crown Point -. 90 Ophir ..... 10
Con. Cal. s. Va. .S5 Plymouth ... ~
Dsadwood $3.50. 30 Quicksilver $50. I.50
Gould & Curry. .03 Preferred -. 80
Hale & Norcross 40 Sierra Nevada :. 2S
Homestake .....4S. 20 standard ~ / A
iron Silver $50. IA Union Conn II
Mexican ......... .0I Yellow Jacket. 10
SAN FRANCISCO MINING STOCKS.
San Francisco, July 21.-The closing
luotations for mining stocks today were
Is follows:
Alta .-............ .9Soccidental Con-. 50
Anues .....---.-- 70 Opnir ----.-.---.- 10
3elcher ...-:----. II Dvernnan ..-..--. '.04
Best & Belcher.. IA Potosi ..... .l6
Challenge Con-. II Savage .......... II
Shollar .-.---.... 10 scorpion ........- .0l
20 Sierra Nevada AZ
ron. Cal. * Va "a Silver Hill .. 90
Crown Point -. "a Union Com. 16
& .0S n "a