The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-23
Shorts Were Fooled By the Fake
Telegram From Paris.
ALL FASTENED TO COVER
eGRANGERS LOWER ON ACCOUNT
OF TEE BLIZZARD.
Northern Pacific Held Up By Heavy
Inside Interests = Atchison Lost
Some Of Its Prestige-Bank Clear
ings Ran Up to Over Two Hun
dred Millions.

But the market in the meantime went
through a period of depression and the
bulk OF the days business was done be-
low the best prices and in some very
prominent stocks below last nights clos
ing prices. The opening advance was
emphasized by the discovery Of the spuTi-
Gus character of yesterdays report Of
Senior MOnteTO Rios refusal TO proceed
with the peace negotiations at Paris
The bears who sold snort yesterday hast
ened to cover this morning and there were
besides a large amount OF orders in COM
mission houses from the country at large.
Rock Island, Atchison preferred, Balti-
more & ohio, Denver K Rio Grande pre-
Ierred and Norfolk d Western preferred
were up about a, point, Federal Steel
preferred, Manhattan, Tobacco and Peo-
D-eS Gas rose from / to -. This sharp
advance in prices invited realizing on
very large scale and there was in addi-
ton renewed heaviness in the Northwest
ern properties on revived reports of an
embittered war in prospect between
Northern Pacific ana Oregon Navigation
and its extensive allied interests. There
was d Slackening UP also in the adj
vance in the grangers, probably on ac-
count Of the preYaning storm illJthe west.
Very marked weakness developed in the
Federal Steel stocks, the preferred stocks
dropping ~ per cent. The reported
ground for this weakness is the alleged
unWIhlnSnesS on the part of some of the
small financial institutions to accept these
There was very marked falling off in
the lately conspicuous movement in
Atchison. after the heaNaness in the gen
ela9 market developed in marked degree.
These several points of weakness ap-
pealed for support to some of the most
powerful interests at this financial center
ana the support was forthcoming in
quite q vigorous manner towards the
close of the day. The rise in Northern
Pacific was attributed to the large bank
ing interest which exercises the dominant
control in the property. 1t was regarded
as significant that the stocks of other
companies in which the same interest has
been dominant in reorganization adj
Nanced simultaneously with Northern Pa
chic. Such stocks were the Reading stocks
the Erie stocks and Federal Steel stocks.
II was the inside support and maniDula-
uon in this group and in Federal Steel
which rallied the market. incidentally
Ihere was a recovery of % per cent in
Delaware < Hudson. and of nearly six
points in Chicago & Alton.
New York bank clearings ran UP to-
day to over 500 100000. The bond market
also showed decided activity today a. !
NaneIng IN others. Total sales. $4,520, goo.
u. 5. Ends and the IS registered ad-
Eanced 3 while the IS and is registered
declined Il in the bid price.
Iotal sales of stocks today were sos.
$50 shares, including: Atchison. II 40;
Atchison preferred. IS. 4o4: Burlington. ii. :
10; Denver & Rio Grande preferred, $3.50;
dManhattan, So705; Northern Pacific, 49,
so; Northern PACIFIC preferred, S62i;
NorthwesteIn, $50; Rock Island, 1880;
Union Pacific, 7790; Union Pacific pre-
TERED, is, ~; St Paul 17755; Southern
Railway. $780, Southern Raj. - pre-
lefred, 4S5SZ; Texas q Pacific, S,Ja9: Union
Pacific preferred, 1911; Paper 5.5s5: To-
bacco, $500; Federal Steel, 1866; Federal
Steel preferred. 22,941: Peoples Gas 49,
20; Pacific Mail 400; Sugar, 20 794;
Western Union, 5,59S; Chicago Great
BOND QUOTATIONS.
Z. S. 3s......... 1855 n. Y c. & St.
Do: up....-12755 Nor. & W. 6s...i i2S7s
IT, S As .....I llI N,west; cons. ..I42l5
a L. S. IS reg...1l2 %. Nav. lists. II. IA "
Do. 5s coup...1l2 0. Nav. Is ..1Oi1b
District Cos lis Q. S. 1. Gs, t. I. 1884
Do. adj. As :. 7494 Pac. 6s Of 's5. .1025s
Can. So. 2ds..-..110A Reading As -. SSlS
c. & o. 452s..... $50 r. G. W. lists. so
c. & Ohio 5s 10 ~ Con. IS -. 80
c. H x d. 4l5s.10i5s ST. l.. &. San X
D. & r. q. 1sts.109la Gen. IS .1211S
.. * r. C. As. $685. St. Paul Ton 100 :
East Tenn. 1sts.107 st. Paul G. &
Erie Gen. Is. "A Z. lists .......12O
f. W. & D. lists Do. IS -. Ii91s
Gen. Elec. 5s....10eia Standard Rope .
DO. 2ds .:,.....ioI Tex. Pac, L. L. G.
Do con: as.:.I5s Do Rg. dds. ~ AZ
Nj; k & T 2ds, s55s {: P. D. &. G G. LUIS
n. Z Cent. ists.1iS5t W ai ist S -, S57s
n. J. c. IS ......1l3la Do. DDS -. gl15
No, Pac. ........117 w. Shore Is ....111ss
DO IS --.--.-. 661t Wis. Cent, lists. 62lS
DO. Is ........10lSl
NEW YORK CLOSING STOCKS.
Atchison :. 1875 St. l.. & S r.. 7ss
Pr Preferred ed. 49, 1923 Preferred 65ll
Can. Pac. ....... S494 St. Louis & S
Can. South. 80. 5454 W -. 81!
Ches. & Ohio. rs St. Paul ........l1S$,
Chi. &. q Oils 81. p. & ON. .i s61e
Chi. &, Z. Ill.,. 60A Preferred .l65
Preferred HOE st. p. II. Il NJ 10
Chi. G. w.. 1915 So. Pac. -. 25a,
Chi. Ind. q L.. s So. Railway -. lQlI
Preferred -. y Preferred 49,. 405j
Chi * n. Willis Tex. d Pac 49, l5&
1reIerred --.--lS5 Union Pac. 80. 3s3.
c. {. - az st. L. Az Preferred 49, GSI
Preferred -. 50 T. p. i. & c.. Gfsj
Del. < hudson. Sc Wabash S5
Del. L. y VIII Preferred 293,
y. Il r. c.. l6l4 " heel q L. e.. 81
a Preferred go. G2Ss Preferred 49, Is
j Ere tleWl 49,. l5s4 Adams Ex. los
q 1st prerd ----- 50 American Tx. l4O
Ft. Wayne ....-.ll4 A. Cot. Oh -. 32s
CT Nor. pref d..l3S12 Preferred 49,. SCI
docking Val. -. 3 ANN Spirits - 11%
Illinois Cent. ...lll3s Preferred 49, 3sIl
Lake Erie * W. 49, United States :. A
Preferred 49,. 6232 Wells Fargo ....125
Lake Shore ....19S Am. Tobacco l39
Louis. & Nash. 81 Preferred l2S
Manhattan L. -. 9l3s Cons. Gas .....IS7
Mel. St Ry...--1I5 Com. Gable Co. l75
Mich. Cent. Jos Col. F. & Iron :. 29l
MINI. q St. L.. . Preferred -. Il
list prefd 49,. 9Sia Gen. Electric. SOL
No. Pac. .....-. 3S4 Haw. Cont &C. 50
Mob. & Ohio -. 2i1s Illinois Steel .IO4
EIo. K. & T.. 11a4 Int'nl Paper - e22
Preferred 34A Preferred go. 81
y. J. Cent. -. Syls Laclede Gas -. IS
n. Y. Cent. ....llS12 Lead -. ....... 342
\. Y. Chi. & St. Preferred ..112%
L. ..-...-..-. Is MINI. Iron .....13S
1st prefd 800 Il Nat Lin. Oil -. s
I'd pref d ....... 81 Pac. Mail . 2Sl
Nor. West. 80. Is Peoples Gas HOY
No. Amer. Co. z Pullman Pal. ..139
No. Pac. ........ AIS Silver Cert. 80 COL
Preferred 49,. 1913 Standard Rope
Ontario & W. -. 1872 & Irvine $50.
o. r. & y. -. 80 Sugar 49,. ...1222
Pac Coast LIST T. c. & Iron. 2e7
prefd. ......... Is L. S. Leather :. 81
I'd prefd 49,. IS Preferred w 81
PittsOurg LIP L. S. Rubber -. 421
Reading =. ..-.... 163s Preferred 104S
1st pref'd $50. AIS West Union -. 92S
r. G. w. 1890. q Federal S. Co.. 305
Preferred 49,. 63 Preferred 49,. So
Rock Island ....10S%
NEW YORK MINING STOCKS.
Chollar . ...... % Ophir 49, $50. z
Crown Point 49, Is Iron Silver -.
Con Cal. K Va. l l0Plymouth =. -.
Deadwood $50. 45Quicksilver 49,. l
Could & CurTie. is Preferred 80. ) 5
Hale 6, Norcross | 00Sierra Nevada 0
Homestake .....50 0aStandard .-..... / s
Mexican ....... 20Union Con. 800. 2
= Ontario =. -...... 3 S5Yellow Jacket.
SAN FRANCISCO MINING STOCKS.
San Francisco. Nov. 22.-The officia
closing quotations for mining stocks to
day were as follows.
Alta ........... lExchequer 49,.
Alpha Con- 49, 3Gould & Currie..
Andes SMexican . 800 2
Belcher ....-..... 25Occidental Con-. 6
Best s. Belcher. S7Ophir :. ......... 6
Bullion 1880. 69Nerman :. $3.50.
4 Z 12PQrt>Si