The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-28

New York. April 27.-Today's stock
market was almost entirely without tone.
The total transactions were not greatly in
excess of the smallest days business in
the history of the exchange, the aggregate
of sales footing up only LOO shares. The
market drifted aimlessly and over a very
narrow range. Such usually volatile spe-
cialties as Sugar and Metropolitan Street
Railway covered a range of less than q
during the whole day. A large number
of stocks which almost always figure in
recorded for them. A few stocks moved
quite widely, on account of special causes,
but the volume of business, even with
these, was small. Canadian Pacific and
Northern Pacific stocks moved upwards
together from the same cause, namely,
rumorS which are prevalent in London
to be settled. Canadian Pacific net gain
is 25s. and Northern Pacific a point.
THESE GAVE TONE.
The strength of these stocks really gave
the tone to the whole market, lifting II
above last nights close, which IL retained
to the end. General Electric showed
strength on the showing made by its an
& Gulf recovered "a of yesterdays loss,
which was said to be due to apprehension
that its terminal port on the gulf would
be closed by the war. Hawaiian Com
HeTcldi recovered points OF us Teceul
loss. which were said to be due to appre-
henSion that its stocks of sugar in transit
were liable to capture. Arbitrage dealers
sold most of the international stocks, but
bought Northern Pacific Their tranSac-
tons, however, were insignificant.
The dullneSS in stocks is 40 doubt due
in part to the transfer of speculative in
terest to the wheat market.
CALL LOANS.
Conditions in the money market seemed
to be working to an easier basis. Call
loans at the banks which hold out for 4
per cent, are being repaid as money can
be had for less than that in the street,
and time loans are said TO be made at a
shade below per cent. which has been
firmly held for some time.
The demand for funds from the interior
continued, but is not as large as earlier
in the week. The rise in exchange checked
the rate for demand sterling holding
steady at about 4S4%4.
The bond market was intensely dull, in
sympathy with stocks, and prices were
held about steady. Total sales, 5000. 600
in bid price, and new As coupon were Is
lower bid than the sales price of -yester-
day.
MONEY MARKET.
Money on call. steady, 112G2; last loan.
115 per cent. Prime mercantile paper, 6G7
per cent Sterling exchange, steady, with
actual business in bankers bills at 4.S4&.
for demand and at 1874 for so days.
Posted rates, 4S11zn4.S2 and 4S51ad4. Sc.
Commercial bills. 4.S0d4.S024.
Silver certificates, 56% d57 Bar silver,
5612. Mexican dollars, 454.
Government bonds, weak; state bonds,
dull; railroad bonds. steady.
SALES OF STOCKS.
Total sales of stocks today, 81, 600 shares,
including: Burlington. S.575; Erie pre-
ferred, 4,321: Northern Pacific preferred.
L. 055: St. Paul. 6,SS7; Union Pacific pre-
ferred. 7.415; American Spirits, 5,743; Peo-
pies Gas, 5,0O3; Sugar, 12,060.
BONDS.
Z. S. n. IS. reg. .1171a No. Pac. lists .11215
Do. coup. -. .11S12 Do. IS ......... 57s4
L. S. As .10612 Do. IS ......... 9012
Do. coup, .....10S Nor. & w. 6s... .1151s
Do. Ids, $500. 90 INVEST. cons. lbs
L. S. 5s, reg. .u0l2 Do. deb. 5s....u5
Do. 5s, coup. .11112 o. Nav. lists. no
Can. S. 2ds......10d @. Nav. As 800. S91s
D. & r. G. 1sts..10S o. S. L. IS, t. r.117
d. & r. G. IS. 81 o. S. L. 5s TT. 81
H. & 7. c. 5s.. los o. Imp. lists, r.10l12
Do. con. 6s.... 100 Do. lists, t. r. 80
Iva. c. 1sts...... So Reading 4s.......7S
La. n. cons. As. 50 r. G.. ". lists. 1872
L. & n. Uni. As. S2$4 L. P. d. & G.
NJ. X. & T. IDS. 57%t lists 80. 1890. sos
Do: As .......... S31s U. P. pref'd -. SOUS
n. Y. Cent. 1sts.113 U. P. As ........ $50.
n. J. c. 5s $50. 1882