The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-07-15
FALL OF SANTIAGO
Had a Strengthening Effect Upon
Prices of Stocks.
SUCCESS OF WAR LOAN
AN OBJECT LESSON IN AMER.
IcA's RESOURCES.
Various Influences Tended to Ad-
vance Prices and the Market
Closed Higher-Raid On the Coal
Stocks-Wheat Advanced On Re
ports of Crop Shortage.

pOrIS OF crop ouOIIdSc.
New York, July 1.-THE stock market
! showed a firm resistance to pressure all
day and when the news was received that
| Santiago had surrendered on our terms a
vigorous upward movement set in which
wiped out a large part OF the losses IN
| CURED in yesterdays bear raid. The fear
of the introduction of yellow fever into
| this country il it should gain a foothold
among our forces had as much TO do
with yesterdays decline- as did the fears
of military setback. RMS was indicated
| by the sharp recovery today in such
4 stocks as Louisville & Nashville and
| Southern Railway preferred. There was
a brief period of depression at the open
| ing, due TO sympathy with London, but
| the belief prevailed that the Spaniards
would refuse to surrender Santiago and
/ thus necessitate long siege. The local
\ bears early evinced uneaslnesS and
| bought stocks to cover short contracts
put out with great confidence yesterday
This confidence had been unsettled not
only by the strong belief expressed in
official circles in Washington that San
tiago would surrender. but also by a
realization that the favorable enect OF the
success of the government loan would
have to be met The covering movement
was aided by raid upon the anthracite
group, which yielded easily and dragged
the market back to near last nights level,
about which 1t drifted very sluggishly
until the final upward movement.
Net gains in most stocks were near
point and in cases. notably Omaha and
Hawaiian Commercial, gains exceeded 2
points.
The entire ABSORPTION of the government
tically assured. There is no doubt that
this win release considerable sums Of
money held by banks. corporations and
syndicates as reserves against bids for
large amounts of the bonds. AS an object
lesson on the wealth and resources of the
country. this subscription of 1900. 900
loan bearing interest below the ruling
savings bank rate is expected to have
striking effect.
The movement in speculative bonds con-
tinued large today and the upward course
of prices was resumed, traders covering
short contracts put out yesterday. Total
sales. 50. 000.
[. S. IS and the old As coupon declined
The total sales of stocks today were
22&eo0 shares including 2l.455 Atchison
f eTe 58s5 n J. G. 800 \ c. @
Reading 300 Rock Island, 1855 st. Paul,
11.12o Texas Pacific. 1881 Union Pacific
preferred. 2.100 Spirits, 1850 Tobacco. 3.775
Peoples Gas, 19,0o0 Sugar, 1000 Rubber.
BONDS.
u Do. e ood f res1 st h \. + {! IS & St llss
Do. coup. .....IloA Nor & W. 6s 122
DO. IDS, 1900 % INVEST. cons. ..142l5
.. S. IS, reg.....1124 Do. deb. 5s. ...116la
Do. IS, coup. .1l2A o. Nav. lists III
District Cos ....1l6 o. Nav. 4S....... 951a
Atchison. As 80. gil2 Q. 8. L. IS, t. Fly
Do. adj. As 80. l0Si o. S. l.. 5s, I. r.1041a
Can. So. Eds ...10912 Pac. 6s of '95. .lG1la
Chi. Term. 49,. Sc Reading As ...... S2A
G. &, Ohio 5s ...115 X. G.. w. 1sts... S915
c. H. & D 412s. 1875 st. L. & IF. NJ.
d. q r. G.. 1sts.10S Con. IS ........ 971a
d. & r. G. As. 1895 St. l.. & San.
East Tenn. 1sts.105l2 Fran. Gen. 6s. .11S
Erie Gen. 4s..... 1885 St. Z. Con.-..143
F. w. & d. St Paul C. &
lists t. T. go. +. lists .........1i71s
&. H. & S. A. 6s.104 So. Ry. 5s 49,. "a
H. & r c. 5siO5 & Irvine 6s.. 20
Do. con. IS III Tenn. n. set 3s.. SO
Iva. c. lists: .1ol Tex. Pac. L. G.
II < \ 4 I'M sds As ss 156s Rs. eds AZ q.
Do. As 80. S9lA L. P. D. & G.
n. Y. Cent. 1sts.11 lists :. ......... 697s
No. Pac. lists ...112l2 Wab. 1st IS lilo
sDo. IS ......... 639l ". Shore As .....lOSI4
Do. As .......... 9Sls Union Pac. As =. 81
NEW YORK CLOSING STOCKS.
Atchison e. 49,. 1885 Rock Island 49, 96ls
Preferred ...... $50 st. L. & S. F.. 7i5
Bait. & Ohio.... 49, 1st preferred :. 611a
Can. Pac. ....... SSL4 Ind preferred. ISIS
Can. Southern 53$4 st. Paul $500. 71ss
Cent. Pac. 49,. IA Preferred ......15912
Ches. & Ohio. % st. P. & ON. -. S39s
Chi. & Alton....159 Preferred ......154
Chi. B. & @. ...106ia St. P. NJ. & M..154
Chi & E. Ill.,. 551s So. Pac. ... 20
c. c. c. & st. L. AZ So. Railway -. SIS
Preferred ...... S612 Preferred ...... 81
Del. & Hudson. JOG Tex. & Pac. 80. 13
Del. l.. & W.....156 U. P. pref'd go. CO.'S
D. & r. G. ..-... 12A U. P. D. &c Co.. Z
Erie eet new Is Preferred 10 -
list preferred. 341s Wheel. & L. E.. rs
Fit. Wayne ......1l0 Preferred
ct. Nor. pref d. 1861 Adams Elk loo
Illinois Cent. =. .l0912 American Elk. ..130
Lake Erie & w. Az United States -. Al
Preferred ...... 69l2i Wells Fargo LII
Lake Shore .....1S9 A. Cot. Oil 49,. 20ls
Louis. 6, Nash. 533sl Preferred $500. IA
Manhattan L. 1914 ANN Spirits -. 1875
Met. st. Ry......15Il2I Preferred 800. $50
Mich Cent go. .10515 Am. Tobacco ...1H
Mimi. & st. L.. 2Sl2 Preferred ......123
LIST preferred =. SSH Peoples Gas -. 9915
Mo. Pac. ........ 355s Conc. Gas -. 1888
Mobile & Ohio... % Com. Cable Co. .175
Mo. K. & 7. So. IL Col. f. & Iron. 20
Preferred ...... 34A Preferred ...... 80
Chi Ind. & L.. 912 Gen. Elec. 1890. 80
Preferred ... 29l5 Illinois Steel -. 50
n. J. Cent ...... 30 Laclede Gas -. so
n. Y. Cent. -. .11S1s Lead -.-....... "a
n. Y. Chi. & St. Preferred ....-.107ia
L. . ... Il Nat. Lin. Oil 80. 13
1st preferred. 20 Pac. Mail ........ 20
End preferred. SO Pullman Pal. ...209la
Nor. West. ...... Il Silver cert. 49,. 591s
No. Pac. ........ 29i4 Standard Rope
Preferred ...... 703s & Irvine $3.50.
o. r. & n. ...... IS Sugar -. .......13f$s
o. S. L. ......... % Preferred ..113ls
Pittsburg 80. Ito I. c. & Iron go. %
Reading .... .... 17A Union Pac. $50. 241s
i Pr s. rfsiner = 81. R. pG e. W. l a
g. S. Rubber - 2S$4 Preferred ...... s.
Preferred $500. % Reading 1st pfd. Az
West Union -. 92&4 B. T. Co. $3.50. S53s
st. n. w. ....-..129
NEW YORK MINING STOCKS.
ChoIlar . .. SlOntario :. ....... 2 so
Crown Point. 5lOphir -. z
Con. Cal. & Va. 30iPlymouth II
Deadwood 80. 30iQuicksilver ...... / 90
Gould G. Currie. Preferred ...... 2 90 |
Hale & Norcross 80 Standard =. l go
IOmestake "A ~ Union Con. |
Iron Silver $3.50. 70 Yellow Jacket :. 5 /
Mexican 80. ....
SAN FRANCISCO MINING STOCKS.
San Francisco. July 1.-THE official |
closing quotations for mining stocks to- |
day were as follows:
Belcher . - II Occidental Con-. So |
Best &, Belcher.. s Ophir ....... 9
Caledonia 800. IS overman :.
Con-. z Savage ...-..
rhOllar 49,. 49,. 10 SCORPION =. $3.50. |