The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-02-17


disaster to the Maine in Havana harbor
and in the possible international conse-
Quences. II cannot be said that the vary
ing phases of the speculation during the
day represented any change of opinion
as to the very grave possibilities with
which the disaster is pregnant The oc-
caSional checks 10 the oownward course
OF prices were rather the result OF Gues-
tons in the mines of large operators as
to their ability TO hold the market or the
best way in which to effect the liquidation
of their holdings.
SHORT SELLING.
Twice during the day very powerful
support was forthcoming in the market
| to check the decline and TO combat the
| successive raids of the bears That there
was very large short selling during the
day was evident from the strength OF the
rallies caused by the covering or shorts
when the turning point at the low level
was reached This was particularly no
ttceable in some of the greatest IaVorites
of recent speculation. which have been
pushed to prices hardly warranted by
their intrinsic value.
/ The knowledge possessed by the bears
of very heavy speculation holdings in
. those stocks covered by light margins.
gave them confidence in fiercely selling
/ sooner effected a check TO the decline
/ than realizing offers began 10 come out
again. There was an abundant supply OF
long stock fed into the market ali day
/ had abandoned an immediate campaign
for a rise as hopeless.
OREGON SHORT LINE.
How far the speculative holdings for
rise were liQuidated today remains to be
seen 1t is sufficiently evident, however.
that as soon as this liquidation can be
concluded prices of securities will be left
for the time being 10 their natural level.
Stocks which have been free from the
recent manipulation for a rise were com
paratively firm today. and the sO-called
Klondike group. notably Oregon Short
Line, was even aggressively strong. rising
at one time six points This was on re-
ports of the large traffic opening up for
Alaska
Great Northern preferred gained two
points, and Denver preferred also rallied
TO last nights level before the, close
Otherwise the weakness of stocks was
only a question of degree. Net gains of
two points and upwards are very numer-
Gus all through the list.
BONDS.
Bonds were heavy, in sympathy with
stocks, but declines were not so severe,
and the market was not so active as that
for stocks. Total sales, 4.100.00O.
United States old IS registered; new As
registered. and the 5s registered were Is
lower bid, and the new As coupon Il lower.
MONEY MARKET.
Close: Money on call, easy. 1l4G11k per
cent; last loan, IL. Prime mercantile pa
per, 5I4 per cent SteTllnB exchange
steady, with actual business in bankers
bills, 4.s5l4@ 4a57s Tor demand, anu ASIA
4.s3z for 60 days; posted rates, 4S4q4S6l5;
commercial bills, 4-S2Aq4.S2A-
Silver certificates 5612G57; bar silver,
561s Mexican dollars, 45A.
Government bonds. weak: state. dull:
railroad bonds, weak
SALES OF STOCKS.
Total sales of stocks today. $50. 200
shares. including $50 Atchison preferred
nois Central, $3.50 Lake Shore. 1880 L. &
N. $3.50 Manhattan. 22530 Metropolitan
$3.50 Mimi. & St. Louis, $3.50 Missouri Pa
S yO M * ga \ RTfreTIe Pacc q @
Northern Pacific preferred. 9.42S Oregon |
Short Line. 1850 Reading. l5.S2O Rock
Islandy 2s,05o St Paul, 1880 St. Paul &
Texas & Pacific 1880 Union Pacific. 12.O3O !
Tobacco, 1,104 Peoples Gas, SIT CONSOLE !
dated Gas. e.1S5 General Electric. q, go |
Sugar, 500 Western Union.
BONDS.
U: S. n. IS, reg. .12sAl \. J. c. IS .....11a4
Do: coup. ...l2slll No Pac- lists .1lS@ |
Do. coup. liz Do. As ......-.- ga |
Do. 2ds. leo Nor. & w. 6s ...I21
L. S. as, reg. .1lS7s INVEST cons. lib
Do. 5s, coup. .l13ss Do. deb. 5s....nS
D. & r. G. lists. -110l2 o. Nav. 1sts.-...114
D. & r. G. As. 50 O. Nav As ----. 81
H. & T. c. IS. ITO O. S. l. 6s t. TBS
Do. con. IS. Jos o. S l.. 5s t. r.1007s !
Iva. c. 1sts... .l02 O. Imp. lists. I. TIP
X. p Con- L r-ll4l4 Do. 5s. I. r.. 6lis \
K. p. LIST CDen. Reading Is 800. S5la /
Div.) L r.. 1891 r. G. w. lists. ST
L. & N Uni. As. 80 Union Pac lists. 1Z715 |
NJ. K. & T. DDS. So U. P. D. & G.
Do. As ....---.. 90H lists ............ 56
N Y. Cent. lists III
NEW YORK CLOSING STOCKS.
Atchison ......... 12k Rock Island 49,. sO1z
Preferred .---- SOS st Paul ........ 261s |
& OhiO 1f Drafarrad
Can. Pac. 1900. S64 So. Pac. ......... 1917
Ches. a Ohio =. 229s Tex. & Pac. -. I2iE
Chi. q Alton -..l65 Union Pac ~ 32I5
Chi B. & Q-....101 L. p. D. q G. 81
Del. & Hudson. .1l0l5 Wabash nm
Del. L W--....155sA Preferred 49,. 177s
d. & r. CT 5slAdams Elk. lies
Preferred $500 50A American Elk. .125
Fit Wayne Ito Units6 States u
CT Nor. pref d. loo Wells Fargo ...115
Illinois Cent--..!0tA Col. +. & IRON. 2224
Lake SnOfe --.--1S1s4l Preferred 49,. 20
Mich. Cent. .---n0i2 Gen. Electric 36S, !
MO rae 1900 Sl.s Lead -.-..---.... 3i$. !
Mo y K l. IA Preferred .10Si.
Preferred 49, 3Sss lOre. Imp. Co.. 2S15
n. J. Central =. 947s Pullman Pal. 1871
n. Y. Central. .1l6s4 Silver cert - 56i1 [
Nor. West. 49,. 16 standard Rope
No. Pac. 1870. 2o7sI 4 Irvine $3.50. ~
Preferred 49,. CAS- Sugar .....1S7
o. r. & NJ. 50l5 Preferred LIP
O. o. $; L;:;.-..'..'' 81 vest Union 9lss
Pittsourg -..--..16S r. G. w $500. q
Reading ..-----.- Ol2l Preferred m 80
NEW 1Ofih MlNlNG STOCKS.
ChoIlar ......... 30lOntario .... 80
Crown Point -. 7SOphir ...... 50
Con. Cal & Va. 80 Plymouth ..
Deadwood -: 80 Quicksilver -. 90
Hale & Norcross 70 Sierra Nevada.
.....37 90 Standard -. 80
Iron Silver ...... 40 Union Con q
Mexican SoYellow Jacket :. %
SAN FRANCISCO MINING STOCKS
San Francisco. Feb. 16-The official
closing quotations for mining stocks 10
day We're as follows:
Alta .:......-... 19Hale & Norcross 60
Alpha Con- 5Julia ............ l
Andes %......-.. l2kentuck CON-
Belcher ..-....... . Mexican ..-..-.. 81
Best * Belcher 43Occidental Con-. l 50
Bulhon -.-----.- SOphir ...---...... %
Caledonia ..--... 40Overman 5000.
Challenge Con-. 80 POtosi ...... %
Chollar --..-..-.- 36Savage ......-.. IS
Confidence 80. I5ScorpiOn ....
Con. Cal. * Va. IS Sierra Nevada . 20
Con. Imperial -. Silver Hin $500. 8
Crown Point -. 1SUnion Con. - 81
Exchequer 49,. 2Utah Con. $50. II
Gould < Cusrie- q Yellow Jacket o
Grand Prize -. q Standard - 50
Silver In London.
London, Feb. 1s-Consols. 1929; silver.
SIS.
FOREIGN FINANCE.
American Stocks Flat Owing to Maine
Disaster.
New York. Feb. 16.-The Evening Posts
.f.1