The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-08-18

ACllI cii the SlDCh u the . per Ctsl- iellC-
Although this action has been rumored
and had beer indus sriousIy discounted in
the advance OF tAe stock so many days
past and profts already taken on the 40
vance, the announcement today was met
By tUf1ous outbUrst o. speculation AZ
That and all the other granger STOCKS
which c2ccsed the price OF Burlington
fun points over the previous high lever
or the movement. The action Of the diISc-
tors is accepted rs indicative OF tneH De-
lief in the power OF the properly 70 mann
tam earnings at Ias1 year hIsIL eNei-
1ntimatIOnS arc given That the forthcofi-
Ing statement of july earnings VIII snow
last years large average maintained Inc
statement Of ST PAU, second week in Au-
gust, is corrobOTative OF the eVloence IN
the earning power OF the GIanSers. The
increase in earnings over last year IS 800
POI and over 1892 Cthe largest previous cor
responding week In the road s history.
the increase Is over S,VJe.
Such u showing by the roads most al
fected b. the present very light movement
OF grain y convincing evidence of the
large general traffic which the awakening
OF business IS bringing 10 the railroads.
The renewed impetus given 10 the advance
n prices was Il natural consequence ne
Burlington news came on a yield from the
market. Cue to an enormous LIQUIDATION
OF profits on the recent advance. rms
realizing had been going on for over an
hour 10 take advantage of the very heavy
outside demand for stocks and had re-
suited in the marketing of upwards OF
shird of a million shares OF stocks, with
only a fractional impression on prices.
which were, however, AZ the low point,
with the exception of some CT the indus
triais.- notably Rubber, Leather. Cotton
Oil and stocks Of the Iron and Steel COM
panies. Burlington bounded up from the
low point about points ST PAU ia. and
e3ch STOCK IN the group advanced Sharply
The stocks later settled GOWN TO a hrm
and quiet tone. The only exceptions to
strength were the stocks advanced yester-
day ard the day before, which were held
back by profit taking. The Northern Pa
cific and Union Pacific stocks were con
SpiCuOuS EXAMPLES. a squeeze or shorts
in Sugar and a shaking out of weekly
maTsiEed holdings in Tobacco were fea-
lures of the late trading. Top prices were
clipped BY profit taking and the closing
was, steady. only slightly below the best.
The easing of the sterling exchange rate
was probably due 20 the falling of OF
buying of stocks in London for New YORK
account. Sales for London account in this
market continued large for bonds at high
Total sales. 4f0e5G0 United States IS.
when issued. advanced sc in the bid price.
Government bonds were otherwise I'M
changed.
shares, including $3.50 Atchison preferred,
5420 Canadian Southern, 1880 c x O.,
a. $50 C, 3. & @, no c. c. c & ST: l.; B.
325 D. & r. G. preferred. $40 Illinois Cen
$50 Manhattan. u270 Reading preferred.
1922 Missouri Pacific. 3.525 M, X. d T.
4oe \; J. Central; 4 421 Northern PaeIfc;
2. GO do preferred. 1880 Q. q W, 1O.lcO
Reading -. 450 Rock Island. 8. 43l St. L. &
S F. second preferred. 12e50 Union Pa
cfic. 102. 655 ST. Paul. 4.2l0 St. Paul & Oma-
ia. $3.50 Southern preferred, q. 400 Texas |
& Pacific. 22.950 Union Pacific preferred,
800 Wabash preferred, 1890 Cotton Oil, |
ern. 8, 240 Peoples Gas, ., $50 Sugar. 5000
=. {. * l.. - 0j8 Leather preferred, 81,
Sos Rubber, %. Us Western Union.
BOND QUOTATIONS.
L. S. . Is, reg. ISL y. !. G & ST.
Do coup .....12SA l. IS -...--105
L. S. Is -1121a Nor. * W. 6s...12t
Dc. 2ds ...... 81 Do. deb. IS ..-11S
L. S. IS. reg....119 o. Nav. lsts-...Il2
Do. IS, coup. .u3 c. Nav. As -, 1GJ7s
P Risb5sdn 's gs g. g s S. S. 49,
Do. adj. is. 70 Pac. Gs of '95. .1U2H
Can. So. Zds ...10Si2 Reading As $500 S4@s /
Chi. Term. As. S914 R. G. "; 1sts;,- s024
D. * Z. u. 1sts-1I0B Con. IS 49,. 100
D. X r. G. is. IS St. L. & San f.
East Tenn. Isis l09$s Gen S. .....-.Ill@a /
F. " " g. D. St. Paul c.
lists t. r......-- 70 = lists --.----. 40
Gen. Elec. 5s...l0S Do. as ----..-..117
Do. 2d5 ....f04 Standard Rope
II. & T c. 5s-.1lli. & Irvine IS -. 6S
Do. con- Gs.--- loS19 Tenn. H. set IS. 92A I
H. i~' ( X Tni. IS. ia Isis :, .......'.l973s
II. /. & T. IDS. SIS Do. Rg.. DDS 4lj4 {
Do. IS ......... 9l3s Union Pac. lists, 99ls (
\. y. Cent. lists. li5 L; P. D. & G.
n j. P s. Is lsis i w lsfs ist as liz e
Do. IS ........ 65s Dc. IDS ....... S9l2 !
DO. Is .........10ils |. Z. IS -....-... 1875 /
NEW YORK CLOSING STOCKS.
Atchison = -. 14ls St. P. < ON. -. $50 /
Preferred ...-.. So Preferred ......155 :
Bait, 5. Ohio 1874 ST. 2 ID. & M14ll /
can. South. 80. % So. Railway 80. "a /
Cent Pac. ...... lll2 Preferred ...... 34l= +.
-hes & Ohio. 2312 Union Pac. 80. 2Sl4 /
Chi. 3. & Q.....1lsls I. p. u S, c.. rs
hi q T.. ill., 6O54 Wabash e. ......
:. {. Z. * St. L. 465s Preferred -. 2l52
Del. a Hudson. 1894 Preferred ...... 1214
Del l. & W...15l Adams Elk. .....lg5
). & r. c.. lS12 American Ex.-...l$3
eria ,tnev1 1875 Wells Fargo ...l20
ist preferred. 3l.s y. Cot. oil 49,. s21s
It Wayne ..,ia2 Prefecred 80. So
illinois Cent. .1l22s Preferred ...... IS
axe Erie K w. 17%4 Am. Tobacco ..1i37s
Preferred $500. 144 Preferred la
AXE Shore -. -195 Peoples Gas ..lg4ls
louis & Nash. 5tSI Cons Gas ......l95S4
fanhdttan L..-.1o05s Com. Cable Col
let. ST Ry. .i5Sl2 Col Z. 6, Iron. "A
itch. Cent - 1854 Preferred -.---- .
linn. & St L. 294 Gen. Elec. -. a
Isl preferred. 80 illinois Steel -. 67A
DO. Pac. ........ So Iraclede Gas -. 521a
IobiIe & Ohio. y Lead 49,. $500. s.
-'ceferrFd $3.50 0o12 trelefFeU .----1lo'
N. Ind. < L.. . Nat. Lin Oil:
Preferred 49,. 34l2 law. Com. Co. 26
Z J. Central. 942l Pac. Mail $500. S4l4
!. y Central 1855 Pullman Pal. ...lSS
Z z Chi. & Silver cert. 49,. 5Ss4
ST. L. 49,. Il Sugar ..-..---14lA
2nd preferred. 95ls 7. c. < Iron.... S24 ;
,or. West 49,. 15l2 L. S. Leather. 724 4
10. Pac ........ S61s Preferred ...... 717s !
Preferred 49,. rs West Union -. 942. ]
ire r. & Nav. 5sS4 ct, n. W. .13412
}. 5. L. ....-..- Stiz Preferred -ll9
leading 81. -. 1888 r. G. ". prefd. e6l5 I
.ock Island 1854 s. r. It. Co. -. 50 :
I Louis * S. T. SIS Reading 1st pr d. AS. !
LIST preferred. G67s st. Paul ........1095s l
2nd preferred. Spa Preferred IDS
SAN FRANCISCO MINING STOCKS.
San Francisco. Aug. 1.-THE official l
losing quotations for n>;ItirS sto' Ks to- !
ay were as follows:
tia ..--.--..---- = JUSTICE 70 D
ipha CON -. 3Kentuck Con. :.
ela6er 49,: Il Occidental asa5San Con- q q
est 8: Belcher.. II Ophir y
ulliOn - ONerman .--...-. D I
aIedOnia . -. q POtOSi E. ........ is
Con-. IL Savage ...---- u
hollar e. $500 10 Scorpion
onfidence =. -. IS Sierra Nevada. 60
on. Cal. * Va. - Union Con. e q
on. New York. Utah Con. ...... =
rown Point e. e Yellow Jacket =. 10 q
ould & Currie.. 16 Standard ....-... ! 65 ,
ale & Norcross 70
NEW YORK MINING STOCKS. c
hollar :. .. 1SiOntario -. ....S e5 O.
on. Cal & Va. 35Plymouth . ...-1-I2 9
eaGMood =. 23Qufcksilver :. -. y n
ould & Currie. 10 Preferred 49,. 8 .595 l.