The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-24
FINANCIAL IMPROVEMENT
= AMERICA MAY BECOME A CRED
IIoR NATION.
New York Now Holds Seventy-fve
Million Dollars Worth of Foreign
Commercial Representations Fa-
vorable to a Further Rise In Stocks
Bond Market Less Active.

advocates of the long account, a very un-
usual thing on the eve OF a Cnrlssnlia lis
holiday. The activity and preauln OF tLiS
market were well sustained. LONDON MdS
q buyer in the early dealings. put laleI
took profits on the rise mere. Inc dCtaSn
of the government ii calling Ior lllS
S. 900, 600 Of Union Pacific payments now
in the depository banks, Whlch IS 20 -
paid in 10 per cent installments. failed 10
cause a ripple in the money market. The
speculation in Federal Steel issues was
on a tremendous volume OF business, ana
both common and preferred rose very
sharply, but in the afternoon; on lree
liquidation and the Withdrawal OF some
OF the usual support, the stocks broke
leading to a moderate reaction in other
shares. There was good buying, now
ever, of Federal Steel on the dip, ana TINS
steadied The general list. Sugar, Leather,
Tobacco and American Steel * WIRE
showed considerable strength huInor
had il that there would be faYoraple ue,
velopments announced in Brooklyn Rapid
Transit before Tuesday and the STOCK
rose points but did not hold the eX-
IRENE rise. The closing was Irregular
The market this week continued IN an
almost uninterrupted movement upward,
although there were daily periods OF de-
preston and recovery. The movement IN
q general way verified the street proVerb,
'As go governments. 50 goes the mar
ket' The upward trend in the govern
ment mortgages resulted in some record
prices, and the general market FOR stocks
fand bonds was likewise strong.
Two other street maXims were not borne
out by the course of quotations. London
early prices are usually an index to the
trend of the market locally, and TO cop
per London trades has not been re-
garded as the part of wisdom. Then, too,
the public was content to enjoy the
Christmas holidays without realizing pa
per profits, ana the reaction before the
holidays failed TO materialize.
Conditions permeating the financial
fabrics continue wonderfully favorable
TO this nation. Bountiful crops sell
abroad at remuneraIiNe and steadily i'm
proving prices while the great iron and
4
world $ market. The congestion of sur
plus capital. due TO America enormous
trade balance; explains the investment OF
some $.sVb.V3J used IN aiscountlnS 1or-
eign commercial bills which must be paid
III gold or in securities unless the United
States assumes the role OF 4 creditor ma
ton ana gives ear to the reported prOpo-
sitiOnS Ia float foreign government loans
here. The return flow OF money from
the south and west is about due, and the
banks gained on balance al the sub
treasury. The railway traffic reports
continue gratifying and gave substantial
FOUNDATIONS Tor rise in some directions
and seemed 10 warrant the introduction
OF many dormant securities to the specu-
lative and semi Investment public. Small
reactions and irregularity, cue TO bear
t3cues, kept trading rather healthy and
frCe from the danger Of q too sudden in
flauon. Toward the close of the week
there was a disincltnauon to be short
over the three holidays and there were
large covering purchases.
Much interest was manifest in the div
idend declarations of the week but there
was no change except the increase to
per cent in the Denver preferred disburse-
rent as to the probable dividend declara-
tons met some cTedence in particular
cases, owing to the favorable reports OF
earnings. The grangers and the Pacifics
were IN keen request at periods and
gained substantially.
The week $ bond market was less act
i've than the preceding week and the
dealings were devoid of such a pro
nounced tone of strength. Irregularities
we're very conspicuous in securities, but
"A Tie general tone, nevertheless, was very
eosg bstantial, many issues improving TO The
besc price ever recorded for them.
Total sales of stocks today were SIS 4G
shares, including AtchisOn $50: AtchisOr
preferred. 1920 Central Iowa S.2I2: Cen.
tral Pacific, $3.50; Burlington. 3023; Den
Yer d Rio Grande preferred. $500; Louis
vile K Nashville. LILO: Manhattan, 10.
52p; minneapolis & St. Louis. i. 10; Mis-
souri, Pacific. 32050; Missouri, Kansas
Texas preferred, 1913; Northern Pacific
6.Sl5: Rock Island. 14.1gO: Union Pacific
ESQ; 81. Paul. l3Sl0: Southern Pacific
l.l5e; Southern Pacific preferred ) 500
Union Pacific preferred. TO- 80: Wabasl
preferred 5,lS5; Wheeling x Lake Erie
$50; Paper, 1. 500; American Spirits. Sel4
American Spirits preferred. 500: To
baSco, 400; Steel, 140. 22e; Steel preferred
1885,; Peoples Gas. 6i,450; Colorado .Fue
x Iron. 1875; Pacific Mail. z 40: Sugar
$3.50: Tennessee Coal q Iron. 222l5
Rubber. 4.495: st. Louis & Southwestern
preferred, 1885; Chicago Great Western
I,USU.
BOND QUOTATIONS.
L. S. SIS ..........107 N. Y. c. & ST.
L. S. new IS reg12SSz L. As. 1866
Do coup. =. ..l2S$a Nor. & w. 6s.. .12S
L. S. As. -. .li1S4iN. w. consols ..l431
DO coup. ..u5l4l Do deb. 5s -. 49,
DO 2nds.. Syss o. Nav. As. -. 100
L. S. 5s reg. .1l2esIO. S. L. 6s I. =. 1881
Do IS coup. .11294 %. S. L. IS t. r. .il6;
District 3 COS. .-1lO lPac. Is Of '95.. .lu2'
Atchison As. ..1O6 Reading As ~
Do adj. As. =. 79 TX. q. W lists 81
Can. So. ends. .11015St. L. & l. NJ
Chi Term M. as is. $ st eoi L. IS S. f l
L. & Ohio 5s....11S Gen 6s I24
c. Il. < ID. 4Iss1045sSt. T. Con- l62
D. T. G 1stsl0S S. P. G. & P. 1st122
y. * r. G. 4s..l02 Do 5s ....l2l
EasJ Tenn. lists .10714 SO. Ry. IS. los
Erie Gen. As. o.. 1914 st. r. d T 6s ~
L. W. q D. lists T. P, L. G. Ists1l0
t. r.. -. -. S5l2 Do reg. ends. 80
Gen. Elee. 5s.- los Z. 2. d. & g. fst 81
> h ~ ; A. 6sl02 Wab. LIST 5s.. lib
- 2nds;. .-----503 Dc 2nds.. e.. =. 81
1NS a. T. c. 5s...1il w Shore 4s.ll2
VIVA {. lists ..ioll4 Wis. Cent. lists GO
4. & n. Uni. Is. y79s L. p. As. -. 104
n K; & 7. 2nds ezl9 Col; So As: -. Sc
y. Y. Sent 1sts1I7ls Pac Coast :. =. IA
\. J. Cent. 5s. .l15 Col. So. =. -.
Nor. Pac lists ..ll!l2 DO lst pfd.. 50
Do is. =. e.. q. 69is Do 2nds pfd. Is
STOCK Quotations.
Atchison .. =. :. 1Ss4 s. L. & S. F.. S
Preferred 5ls4 Preferred e. sc
Bait. x Ohio -. SO End pfd.. :. -. IS
Can. Pac.. e. =. Sf5S, L. & s. W.. Z
Can. So. % Preferred =. e. IL
Cent. Pac.-. 421s ST Paul. e. lis
Ches. & Ohio =. 25ls Preferred o.. .l65
Chi & Alton ..16s4 st. P. & omaha 81
. =. & O.. .l225s Preferred . 16s
Chi & Z. H.. y st. 2. NJ. & N. III
Preferred . .lI0i4 So. Pac . - 3.
Chi 9. W. 80. 1875 So. Railway. IL
Chi Ind. & L.. Slz Preferred q. . a
Preferred. 80. g Tex. d Pac.. -. i
Chi * n. w. ..lil54 Union Pac.. So. 4;
Preferred o.. ..lS6 Preferred -. =. Z;
c. {. c. d st. L. 491l Y. P. D. & c.. |.
Preferred e., o.. IS Wabash 49,.
Del & Hudson. .104 Preferred o. E. .;
Del. J.. * W....l5O w, & l.. E.4 -.
Den. ~ r G.. =. 20 Preferred :. =. 2
Preferred =. 6S1s Adams EX.. 10!
LIST pfd.. q. -. 377s Am. Ex,... =. H
Erie (new).- -. 1875 United States - 8
ct Wayne. lis Wells Fargo. IL
CT Nor. pfd.. 1885, Am. Get. Oil 80. 8,
Hooking Valley. 81 Preferred e. e. s
III. Cent. ...u4is Am. Spirits -. 1
l. L. & w. -. 2ll5 Preferred =. :. 8
Preferred O.. e.. 12l2 Am. Tobacco IA
Lake Shore. .2li4 Preferred =. ..1S
Louis & Nash. s. Con. Gas. =. 10
Manhattan L.. 9l1z Com. Gable Col
Met. ST Ry ...19124 Col. +. & Iron 3
Mich. Cent LII Preferred -. Z
Mimi & St. L. 37i2 Gen. Elec.. T.. =. 3
1st pfd =. -. 99l4 lIaW. Com. Co.. 5
Gobiie & Ohio. 81 Preferred =. :. s
~. X & T.. =. u Laclede Gas. =. )
Preferred =. Slss Lead. - 49,. 3
Y J Cent Cent , 9SE N Preie fin ri, u
N Y. c. & st. L. a Pac. Maj -. 4
list pfd. :. :. 70 Peoples Gas 10
md pfd.. :. . IS Pullman Pal.....l4
Nor. West: =. rs Silver Cert. =.
Nor F Rm. Co. o.. 4s Sugar 81 r. & T. ~
Preferred .. . 7fs Preferred . II
Ont. & W. -. l712 T. G. & Iron. =