The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-06-05

New York, June 4.-There was no trace
left today of the reactionary tendency
manifest in the stock market late yester-
day. The change might be accounted for
in two ways. First, the adoption by the
senate of the section of the revenue bill
authorizing an issue of bonds and treas
ury certificates Second, the professional
Spectators who sold stocks and took
their profits early in the week and We're
anxious 10 get back at low prices. Inc
second explanation is more likely 10 De
true. 1t was evident before the opening
OF the market that il would be dlflcult
10 affect any further decline in prices,
as London had advanced Americans
large fraction all round London made
much of the action of the senate IN ADOPT
ing the bond provision, and was also IN
fiuenced by the persistent rumors from
Paris, and even from Madrid, tnat SPAIN
was seeking a way to peace. Paris DouSnt
Spanish As heavily on this rumor ana
effected a sharp advance IN the price II
is probable that the buying Of Americans
in London was in part on cabled orders
from New York by persons too eager 10
wait for the opening here. No account
was taken of the reported sinking OF an
American collier in the mouth of Santiago
harbor, and it was accepted as measure
Tor Dlockading the harbor- Inc ruInof
OF the destruction Of the Spanish neet
had more effect and prices advanced
buoyantly all through the list.
When the bank statement nrSt appeared
there was some pressure to sell, by trad
ers who make it rule TO always sell
stocks when the banks surplus reserves
show decrease. But a better analysis
of the return soon led TO renewed buying
The use of money reflected in the loan
expansion is a healthful feature of the
business outlook. The closing was active
ard strong at near top prices, net gains
in the case of most active stocks rang
ing between l and points and in eXcep-
tional cases above that
Attention is attracted by the govern
ment'S statement of the amount OF money
in circulation in the country on June l,
which is stated at s., S39. S9S .256 exclusive
OF the holdings of the United States treas
ury. This is a circulation per capita OF
$24.73. The increase in the circulation IN
May alone was SSS, 1885, l4, of which $S2,-
5S3,371 was of gold. For the year the cir
cuiating medium was expanded $3.50. 64,361,
and of this Sl29.3 1853 is OF gold. The
country'S net gold balance of nearly $780,
100000 in liquidation of the trade balance
appears in the circulation. But that this
amount of net imports of gold comes any
where near effecting final settlement of
the trade balance of the year is not con-
ceivable. The trade balance for the fiscal
year in our favor viii certainly approach
near 5000, 900 600. compared with the great
est previous favorable balance of less
than $500. 600, 900.
Bonds have distinctly shown the broad
ening pressure of idle money, seeking en-
ployment in enlarged business and higher
prices Z. S new As have advanced IL;
the old IS coupon, l; the IS. y; the IS reg
istered, Is, and the 5s coupon, IA in the
bid price.
The total sales of stocks today were
2552eO- shares, including 5,125 Atchison
1855 AtchisOn preferred, 1856 =. & O..
60l5 Burlington, 1880 c. c. c. q St L,
3,155 L. & N, 1870 Manhattan, $3.50 Mis-
souri, Pacific, 4. 700 North American, 80, 9O6
Northern Pacific 14.122 Northern Pacific
preferred $50 Rock Island, 3, 40 st. Paul.
1850 Southern preferred, 1850 Union Pa
citic preferred, $3.50 Tobacco $3.50 Chicago
Great Western AGO Peoples Gas, COOS
General Electric, Alps Pacific Mail, 1850
7 ~1arav. -.aI
LOANS AND EXCHANGE.
Money on call. 1Aa19z per cent; last
loan, IL per cent; prime mercantile paper,
S19G412 per cent; sterling exchange steady
with actual business in bankers bill at
1861 S61a for demand and 4SHkG4 .S415
for so days; posted rates, 4S5q4.S7; COM
silver cerfihcates, 5slz@6eS. Bar silver,
5S1z, uncertain. Mexican dollars 49,.
BONDS QUOTATION.
O.. S. n. 4s..:.....12s L. & n. Uni As. sOA
do co Inn Inn hmm K. & 7. Ids. 6S
=. 8. c............:123 do As ........... S75s
y. S. zs...-...-..10Slz n. Y c. 1sts....115
J. S. c............1 Ill N J. G. 5s......1l4
90 DDS 951a No. rae. lists. ZIG
Q. S. IS reg....1111s do IS ........... 61%
District Cos. ia Northw. CON-. 1881
Atchison As ...... SO do deb. 5s.. .1151a
do adj. 4S.-..-. Sc o. Nav. lists. .115
Can So. DDS. Joss O. Nav. As. 9515
=. & o. 5s..... .11415.O. S. L. IS, t. r.1261a
-, H. & D AS. .1945s o. S. L. IS, L T. .12415
D. & r. G. lists. 1861 o. Imp. lists t. r.I10l2
East renn, lists 1S7 Pacific S IS Of IS. 1 o
Erie Gen. lists .10 Reading As ...... S55s
F. W. & D lists. St P. Con-......145
[. ............. 72% r. G. W. 1sts.. IS
Sen. Elec. 5s....1G21atT., P, L. G. 1sts.1O3
y. II. & S. A IS 1892 do reg. DDS. 361a
do IDS 1890. .I03IIs u. P D & G. lsts1O9ss
q. & T. c. 5s.. .l09 do IDS 80. S4$
do con. ...104 w. Shore As los
c. 1sts.-.---1OOA u P. pref. SO
yACsT
Atchison.. -.--.-..- 1$zz St; L. & S. F.. 8
do pref..-....-.- 1874 do pref.-...... 312L
B. & o.. 1874 st. Paul .......... 1905
Can Fac 7.-~.---- 81 90 pref ..-.....1487s
Cent. Pae 1890. II st. P. & Om.... rs
Can. South 1890. 52szi do pref ........149
Ches. & Ohio. 23l4 So. Pac ....... IS
C. B. & Q.-...10515 Union Pac - 627s
C. & E nl..-..... 65z4 .. p. D & c.. ~
Del. & Hudson 110@4 Wabash ..........I 7jk
Del. l. d W--.-14 do pref .-...... 1873
D. & r. Co.,. u Wheel. & L. e.. 25s
do pref ....-... 499s do pref -1214
Erie (new).. -. 1874 Adams Ex..10O
do 1st pref 81 American Ex....124
FIT Wayne. ....15S United States 10
Ct Nor. pref...-174 Wells Fargo ...116
Hooking Valley : 81 Peoples, Gas. JOBS
I'll. Cent. ......105 Cons. Gas 49,. $50
Lake Shore-...I93 Com. Gable Co. 100.
L. & No.. 55ss5C. r. & L.. 22A
Mich. Cent....--1a do pref. 80
NJ & O......-... q Gen. Elec -...... 375s
NJ K & t.. 11& Illinois Steel -. $
N Y. Cent. 96z@ 90 pref. 1864
n Y Cent?. 116ss Ore Imp. Co... 29i5
N Y G & st. L 13 Pacific Mail 49, 295S
NorthW. :. $500. Is Pullman Pal. -. 1871
No. Pac $500. 90 Silver. Cert. 5912
do pref sS7ss Sugar ..........1 1897
o. S. L....-.... 80 Western Union 90
Pittsburg =. lies r. G. W.. 25Z
Reading 80. 49,. 19% do pref ...... 65K
Rock Island .1O6l% D. & R. c.. Il
NEW YORK MINING STOCKS.
Cholor ......-.... .10ontario :. 49,. .25
@ C. & w.. .40Plymouth :. 49, I2
q e. C....... 10 Quicksilver . . 90
c. & C......... 10 do pref ...... 200
II. & N..-..-....- so Sierra. Nevada =. so
TIomestake 1900 40. 90 Standard $500. 50
Iron Silver ...... .50lUnion Con 49,. Is
SAN FRANCISCO MINING STOCKS.
San Francisco June 4.-The official clos
ing quotations for mining stocks today
were as follows:
Alta - 10 JUSTICE =. ...-.--. w
Alma Con $50. ~ Mexican :. $500. rs
Andes :. ........ .OSO. Con .....-.... .65
BeIcher =. .o90phir .33
r q B........ % Overman .07
Bullion :. 1890. % Potosl -....... II
q Il .14sierra Nevada. "a
Soniadence . :. 40 Union Con ...... .OS
r q e V. Al Utah Con ....... .O6
q & G....... IL Yellow Jacket :. 81
II &, N....... .S7Standard 49,. 1.55
Exports and Imports.
New York. June 4-The imports of dry
goods and general merchandise at New
York for the week ending today were
81 55S 24! The gold and silver movement
at New York for the week was: exports
of gold, 5000; silver. $yl9;l6S; imports OF
cold sQ4 OF of silver. $1O,34l.