The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-06-10
RAIDS UPON SUGAR
Wall Street Gamblers Manipulating
the Specialties.
DECLINED FOUR POINTS
GENERAL DISPOSITION TO LET
RAILROADS ALONE.
Drive On the Changers Sent Prices
Down-Gas and Brooklyn Transit
Were Strong-Wheat Market Was
Heavy, On Prospects For a Big
Crop-Cattle Higher.

New York June 9.-Today's stock mar
ket was almost a repetition of yester-
days, except that the marked weakness
of sugar had rather less effect on the
general market than was the case yes
] terday This stock began TO drop from
| the opening and fell away by spurts until
! the recovery in the final hour
| Apparently some support was forthcom-
| ing at each successive point downward.
or the selling pressure was temporarily
/ relaxed. These occasional rallies were
! not of large proportions and the stock
/ succumbed readily to renewed raids upon
1t. The extreme decline was over points
| Brooklyn transit was the most consplcu-
| Gus stock for strength. A very large and
urgent demand developed for IT in the lat
ter part of the day, blocks of LOCO shares
lighting the price one-quarter of point
at a time to a little over points above
that of last night.
Tobacco was a medium between
strength and weakness. 1t was weak at
one time during the morning, but was
very conspicuous, generally rising strong
ly over points. This rise and the rally
in Sugar came after the news from Wash
ignton of the action of the conferees on
the revenue bill.
The railroad list was comparatively
neglected, the market being distinctively
one of specialties. There was a drive
against the grangerS in the late dealings
which carried Burlington down nearly
point below last nights level, but full
recovery was effected before the close.
Some of the railways failed to respond
and the market shows some net losses.
For the most part there was a disposition
to let the railway list alone on account
of the unsettling influences of the weak
ness in Sugar. The strength in Brooklyn
Transit was due to the large increase in
earnings shown with the advent of pleas
ant weather. The local gas securities
were ali strong, both on the exchange
and in the outside market on renewed talk
of consolidation of all existing companies.
But the strength was not fully maintained
until the close.
Railway bonds were active and the deal
ings were we'll distributed. Prices were
better held than stocks, though there was
a yielding in the early afternoon realizing
in the speculative lines with. a subse-
quent rally. Total sales, SS.025, eco.
u. S. new As coupon declined Il and the
old As registered advanced IL in the bid
price.
The total sales of stocks today were
1876. 700. including 800 Atchison preferred,
1900 c. & o.. % 100 Burlington, 400 L. &
N, S.12O Manhattan, s.1OO Reading pre-
ferred, 44Oc Missouri Pacific, $500 New
York Central, 500 Northern Pacific. $500
LOO Rock Island 24.50O St. Paul. 1920
Union Pacific preferred. 1900 American
Spirits. 500 American Spirits preferred
IS, 200 Tobacco, 100 Chicago Great West
ern. 2, 500 Peoples Gas $500 Consolidated
Gas, 1000 General Electric, 112, 800 Sugar,
$500 Leather preferred
LOANS AND EXCHANGE.
Money on call steady, 1A@2 per cent;
last loan, per cent Prime mercantile
paper. Boa per cent. Sterling exchange
steady with actual business in bankers
bills. at 4S614d4.S61s for demand and at
4.S44d So for go days Posted rates. 4S51k
d4S7. Commercial bills. 4SS1aG4 $3.50.
Silver certificates. 5S14G591k. Bar silver,
5S3s. Mexican dollars. 451R.
Government bonds irregular; state bonds
dull; railroad bonds easier.
BOND QUOTATIONS.
U S new As reg. .121!zN Y Cent lists. .11S4
U S As .l07%4 Nor Pac lists ...116
Do coup. .lo9la Do IS ..-..-... 621s
U S IS reg. ....11Oz \ Y c & st L 4s1044
Do 5s COUP. HOS. Nor & w 6s 12O
District Cos ia n w consols 143A
Atchison As =. :. 927s Do deb IS . lis
Do adj As 662s D Nav lists :. lis
Can So ends -. .10S1A , Nav As =. 49, 951b
= & Ohio 5s =. ..114A o L IS t r. 1851
: H & d 4l5s. .1043s o L 5s r. 1851
D & r G lists ..1O6 o Imp lists r114
East Tenn lists. los Pac 6s of S.. 1OOi3
F W & D lists u, e r G W lists -. s.
q H & S 6s. Jos Do reg ends :. S615 !
Do 2nds.. les y P D & G. lists 613s !
d L 5s .--..10S Wab 1st IS ....109
L & n Uni As =. 901a w Shore As .....1O9
Missouri 6s.. 100 Z pfd :. 49,. 81
NJ X & ends =. 6S1si U P As. :. -. 9615 |
Do As. SIS
STOCK QUOTATIONS.
Atchison :. -. 13A st Paul. =. 49,. 991s |
Preferred =. :. 32Isi Preferred =. LIS
Bait & Ohio -. 1857 P e Omaha. II
Can Pac =. S534 Preferred :. ..149
Cent e. =. ...... II So Pac -. :. 80. 161h /
Ches & Ohio -. % Tex Pac.. $50. 1212 |
Chi & Alton lbs Union Pac =. :. 81
= B & O.. ..1O4sU P d & c.. ~ |
Del & Hudson. .10912 Wabash. :. 80. ~
Del L & w. ..154 Preferred e. =. 10,
Den & r c.. 1212 w & L E.. -. 1%
Preferred =. =. 5SA Preferred :. =. liz
erie new :. -. 1875 Adams Ex.- 100