The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-06-01
STOCKS WERE STRONG.
Various Indifferences Caused Activ-
ity and An Advance.

New York, May S1.-Todays stock mar
ket was active and strong. but the ac-
tivitv and strength were not by any
means uniformly distributed. The grang
ers exercised a powerful sustaining in
fluence, and Rock Island was the feature
of the group.
st. Paul closed the day with net gain
of over points. the advance being en-
cOuraged by published assurances as to
the permanent character of the improve
ment charged to the large operating ex-
penses for April.
The newly published statement of Bur-
iington's April earnings, with similarly
large proportion absorbed in operating
! expenses, was a drag on that stock early
in the day, but its tone improved later
and there was a net rise of rs The buol-
ancy in Rock Island was accompanied by
a notable show of strength in others OF
the group.
Peoples Gas was the most conspicuous
stock in the list and rose at one time 34
points. but lost nearly point on realiz-
ing. Brooklyn transit was also up nearly
points at one time
The recent rise in the iron stocks con-
tinued today. Minnesota Iron and Illinois
Steel rose, respectively, and 2l2 points:
The recent entry into the directory of
the Illinois company of a powerful nnan-
cial interest has led to rumors of extens-
i've combinations in the iron and steel
business. and this is the ground of the
rise in these stocks.
points, and Northern Pacific preferred,
Union Pacific preferred and sugar also
developed strength. y rise of 37s in Della
ware & Hudson should also be mentioned.
The buoyancy of so large number Of
important stocks was sufficient 10 carry
the whole market upwards, but the
strength was much less notable at other
points in the list London bought stocks
in this market, and a benehcent erect was
felt in the definite locating of Admiral
CerveraS fleet in Santiago haroor- But
%l- or diva nrr1
cipally to its giving freer play TO condi-
tions generally affecting different stocks.
Manhattan and Metropolitan Street Rail-
way gave some positive evidence OF de-
preston and it was with difficulty that
they rose at any time above Saturdays
| level A fair amount of commission house
| orders TO buy had accumulated over the
double holiday and helped on the rise
Dealings in bonds were in fair volume
and We're well distributed, gains being
general throughout the list. Total sales,
u. s. old As coupons advanced q in the
bid price There was sale at LIS. a
| decline of Is from the last sale. Other
| wise there was no change
Total sales of stocks today, 500. 900
shares, including $500 Atchison, "a 500 At
Gibson pprpeferred. 1.5O0 B. & o.. 800 c.
Manhattan. $500 Metropolitan. A. 400 Read
| ing preferred. 1916 Missouri Pacific. 5000
New York Central. 1000 Northern Pacific.
49, 900 Northern Pacific preferred. A 800
Rock Island, ans St. Louis & San Fran
cisco second preferred. $3.50 St. Paul. 100
Southern preferred. 500 Union Pacific
preferred. $500 Tobacco. 400 Chicago G..
| W., 81, 200 Peoples Gas, 33, 691 Sugar, 5000
T. C. & L.. 400 Leather preferred, 100
Western Union.
LOANS AND EXCHANGE.
Money on call, steady. 1AG2 per cent:
last loan. 2 per cent Prime mercantile
paper, 3s4G4is per cent Sterling ex-
change. easier. with actual business in
bankers bills at 4.76. ASA for demand.
and 4s4ei4.S45s for 50 days; posted rates.
4.S5g4.S71a. Commercial bills. 4-S344 Ss1z.