The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-07-23
Wall Street SyndicateS Are Pre-
pairing For An Invasion.
OvER-SUPPLY OF MONEY
NEW WAR BONDS WERE BID UP
TO 1o4ss.
Bonds of the Reorganized Roads
Were In Demand, But Stocks
Were Dull, With Very Little
Trading - International Trade
Situation Is Still Uncertain.

New York. July 22-The stock market
continued in the hands of the small room
/ traders today. who dealt mostly in in
I dustrial specialties. They advanced the
prices of these early and this held up the
standard railroad stocks. Realizing in the
4 specialties later in the day caused a
I sympathetic decline in the railroads. car
rying prices in many cases slightly below
| vest erday's close Except where stocks
were influenced by individual cases, the
! total change of prices was narrow and
without significance The dullness may be
/ quite equally Interpreted as indicating a
disinciination TO buy at the present level
Or Is an unwillingnesS TO sell. The future
of the International trade situation is still
so obscure that spectators are not
ready to commit themselves. Very little
| Eight was thrown upon the proba bilities
by the days grain markets. which were
frDt very active and were heSitatinE IL
tone. There was weakness in the con-
tinental grain market and there was sell
ing for foreign account. indicating the
own are likely TO yield largely.
There were evidences of a pressure of
funds seeking investment. but they mani
tested themselves in bonds rather than
! in stocks. The large demand for the new
government bonds which were traded in
on the stock. exchange, when issued,
through the market. This bond sold TO
1e42s the last sale being at that inquire.
BIDS were for small as well as for full
share lots of 81 600. The advance in othe;
thetic. The advantages of the new issue
for purposes ot circulation make a keen
demand for them from the banks though
the present prospective cheaDuess of
money tended TO diminish their value for
this purpose. Railroad mortgages were
absorbed on a large scale tooay.
The we'll secured bonds of reorganized
roads. whose value under reorganization
has not been clearly fixed. We're the ia
vorites. There was also active demand
for the more speculative issues of roads
still to be organized. or whose payments
of interest are contingent upon earnings.
The plentiIude of money also found re-
Election in Wall street in talk of SNnui-
Gates preparing for financial ventures in
eastern Cuba.
Time leans were made for six months at
the rate of 3 per cent and sterling ex-
change continue heavy under Offering of
grain bills. London also bought stocks
here. in spite of a Stiffening OF the Lon
don discount rate in sympathy with the
fall in London exchange here Total sales
of railroad bonds. par value. &645.0oc.
u. S. ENDS advanced !: the new regis
tered, q; the CID IS registered and the
new IS coupon. T. and the 5S coupon. Il
The total sales of stocks today were
1874, 100 shares. including All Atchison pre-
ferred 4423 3. & O.. 4,06) Q. B. & O.. 1926
Metropolitan. 1910 ST. Paul. 1866 L. p. D.
&, G.. 500 W. 6 T.. E.. i0.S50 Cotton Oil
$50 Lead. 9.4S1 Sugar. u,S41 Leather pre-
ferred. 9,27G Rubber.
BOND QUOTATIONS.
L. S. new IS reg. 125l4iN. p. Ss..-...--.. 63A
L. S. new As n. p. IS. 49,. 9Sl=
coup .12siaN. Y. c. & St. L.
L. s. 4s..........l10A is .I03b:
L. S. Is coup. III Nor. 8, ". Gs....122
L. s.. 2n6s........ 81 INVEST cons. JAP
I. S. SIS reg. .112i4 INVEST debs IS. .1l7l2
L. S. Us coup. .1134iO- Nav. 1sts.....1n
Dist 65s. 80. l16 o. Nav. 49,. SO
Atchison 49,. IS 10. S. L. SIS t. r...1S7is
Atchison adj. is. I0SO. S. l. 5s I. r. .193A
Can. 5. 2nds. =. .1o9i9Pac 6s of So. So
Can. Pac. lists. S6.s Heading 4s.......l02
c. & o. 5s.......-lli r. g. w. lsts.... S9i2
c. II. * D. 4lss. .I05as 81. L. & 1. NJ
D. & r. G. lists 1e9i<i con. 5s...-...... 90
.. & R. G. As. 90 st. /. 6: S. F.
East Tenn. lists lo,Ss Gen. 6s...-.....1 ~
Erie Gen. 4s-..-. 1314 St p. con-.-.....14
f. w. q D. lists st. 2. c. & p
Gen. Eiec. 5s.....1O5 St. p. c. & P.
G; Fl. & 5, A IS ....-..........li ?l2
C. o7 H. { S. o. Standard Sta ida T. R.
2nds .--........lGa T. rs -.....-.... 20
II. & T c. 5s... HOY Tenn. new set IS SIG
II. 6: T. c. con. p. I. L. G. lsts..10:
6s ..............112 IT. p. Rg. ends. 4zlz
Iowa c. lists. .I02 u. P. D. & G.
j.. & n. u. Is. IS lists ............. 72l4
NJ. K. 81 T. 2nds. 63M Wab. 1st 5s.-.--. ll512
y. Y. c. lists. n55- Wab. Ends. So
y. J. c. 5s.......l1e W. Shore Is. .10Sls
n. Z. 1sts.......1l2i2