The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-17
Yesterday, as For Days Past, Mar
ket Is Waiting.
NET DECLINES In LIST
EUROPEAN OPERATORS HAD
LOST CONFIDENCE.
Transactions Were Mere Jugglings
From One Hand to the Other
Heavy Tone Of Americans In Lon
don-Tobacco, U. P. Preferred,
Sugar and Changers Active.

New York. April 1.-THE tone of today S
stock dealings. while dull and depressed.
gave no very active indications of appre-
hension. 1t was rather a waiting market.
as for some time past. The transactions
outside of operations by professionals,
were insignificant Selling by traders
found few seekers and prices consequent
ly yielded very readily. On the other
hand. when the professionals turned buy
ers they found few stocks Offering and
prices consequently easily recovered.
Naturally the net results of this kind
of juggling from one hand TO the other
and then back again was not large.
though the days price movement was
pretty wide.
HEAVY TONE.
The opening decline was due to sym
pathy with London where Americans all
showed heavy tone and where Spanish
is relapsed after Yesterdays recovery,
closing within Is of the lowest price made
last Wednesday in the bear raid. Eur
opean operators had particularly lost
their confidence in the reported project
for concerted mediation by the powers.
The active preparations being made by
the United States admonished observers
that the congressional differences over
the technicalities of the Cuban resolution
were not expected to Interfere with the
substance of their action involving armed
Intervention and some slight recoYeTies
in the second hour were due to covering
by the shorts. but they were not held
and the list showed net declines in nearly
all cases. for the most part confined TO
fractions.
ACTIVE FEATURES.
Tobacco absorbed a large part of the
dealings and suffered loss of 97s on very
heavy offerings, brought out by the recent
jump in prices. Sugar. the grangers and
Union Pacific preferred were the otner
most active features, but the market was
very narrow
GOLD MOVEMENT.
The decline of gold from London has
raised the discount rate there and stlHen-
ed exchange on L~ldon at continental
centers, but the gold movement TO New
York continues without signs of abate-
ment. The condition thus disclosed. COM
bined with the large liquidation OF In n
debtedness known to have occurred IN
the country giving confidence IN the
ability of the financial fabric 10 WITH
stand the shock of war. Transactions
aside from call loans for money wait on
the clearing of the situation and partly,
also. on the expectation of a government
loan. But apprehension of the erect OF
war on money and business is apprecfaoly
less than three weeks ago. Therefore.
while prices are between one and two
points lower than week ago they are
touched just previous TO the presentation
to congress of the Maine board OF IN
quiry.
The market for railroad bonds has been
intensely duh and prices lower. Govern
ment bonds were lower. declines in the bid
price reaching 29s in the new Is coupon,
in the coupons ~ in the new is regis
tered. Ia in the old As registered, in the
old As coupon, and y in the 5s.
MONEY MARKET.
Close: Money on call steady. per
cent: last loan. per cent. Prime mer-
cantile paper. seas per cent. Sterling
exchange steady With actual business in
bankers, bills at ASIA d4.S3is for demand.
and 497StG4.S0 for 60 days. Posted rates.
4. S0l5G4A and 4.S4d4S4lz. Commercial
bills. 4.79Iz.
Silver certificates. 5524 G55Is. Bar silver.
555s. Mexican dollars. 45i4-
State bonds dull. Government bonds.
weak. New As registered, i.1Slz; new Is
coupon, f.19: Is registered. 1.OS14; Is cOu-
pom. 1.09ls; ends, %; 5s registered. l0Ss4;
5s coupon. Ill; Pacific IS of SO. LOS.
SALES or STOCKS.
The total sales Of stocks today were
1890 shares, including {. Z. * O., s.2e;
S. Paul. 1880: Union Pacific preferred,
), so; L. =. ID. d c., $50; Tobacco, 5,6SS;
Sugar, 1880.