Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-03-12
,.,1, SAMPSON SENDS WORD
>. v.s,g, /, in Cipher but is Believed TO
'' Mean Important Developments
,s YORK MARKET GOES TO PIECES


.. March l2.-Captain samp-
=. AS, night sent a dispatch m ,,, a'p ,1o.
sOn ~, ,ayy department, says the i1a
70 ue ~ .noraent of the Herald. IL
van. w. nv one who is in a position
s'A.. that the dispatch was OF
70 n~ ",,e Importance and VIII result
, y dsyslopments in the near 'u'u'e,
u ,rh,.her II meant that the report
A GA =. .ods next week, my informant
y W. ,ho, It was impossible to say
Np ,,sn he had. He did add now
nv ma, several important, thoush
Y, .1satlonal developments would DC
"a. in Havana soon
=. came gentlemen cited as PROOF
4, wv sronIsh and American divers are
No. along the same lines and are
ri the fact that yesterday
,.,,.b and American divers went to-
I'm to the bottom of the harbor ana
,-,,h, to the surface a sack OF mud
Ma under the larger forward maya
Trr THE STOCK MARKET TELLS.
wan street woke up this morning
Win renewed apprehension regarding
N. situation Of this country with
sp,lp The prevalent belief Is that
the elimination Of the Cuban question
|, al hand with the pending report OF
the board Of inquiry.
Generators dreaded to carry open con-
TRAITS over a Sunday, especially IN
view Of last Sundays developments
over the request for Lees recall. There
was consequently lively scramble on
the fooT at the opening to find buyers
for large offerings Of stocks. Few buy
en- could be found and prices therefore
broke rlQ.enty hvm to points In all
saie sl9sks The local TRANSACTION,
stocks Industrial specialties, st. Paul
and New York Central suffered most
sGertly
Nrly quotations. from London have
hDgn declines there for Americans,
" these did not exceed a fraction in
~ case and We're attributed to
lsg.dat0n by millionaire operator
Es had been caught heavily long on
Az5lican stocks.
he first violent dip of the local mar
lt Invited covering by the shorts and
TIE market ialled in the first half hour
q an average Of about point. This
iNoytry was only momentary and
plies plunged downwards again to
eVt level than on the first slump.
Nfhattan and Consolidated Gas lost
llW and Lake Shore, Pullman and
metropolitan Street Railway 3 points
aa Upwards, There was a fall In rail-
,9-l bonds Of about point all around.
y new fours lost a point and the
We one and a half
lhefe was torrent Of offerings as
" decline In prices progressed, show
mat large speculative lines still re-
- ~. 70 De llquldated in spite of the
49, WHY navy decline. There was no
a'' Nv, 10 support prices anywhere, but
j hqallation had somewhat exhaust
'tsl u the first hour and the mar
~ became less, active.
is Nea1ness Of the market on n cos
= IN ol offerings was shortlived, and
m'"l1ant recoveries came before
seillns was resumed. and the
49, oecaine quite demornlized
~, - urVpplng by wide intervals he.
w sdles. st. Paul touched SKA
,.lIsSesWrh li3h and Pennsylyania
slump No'h'hs escaped the
e5 y We closing dealings the short
tA,s I'M y, some stocks and effected
N , iIa,nes' which We're not well held
M, g,SV H. was weak and unsettled
s,o,s, al ,Vmes,, except for a few
d N' nj a sou. net losses ranging from one
,.sili ,bs u, points. Sales for the day