The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-30
That's What the Bulls Did With
Some Stocks Yesterday.
AN INCREASED BUSINESS
AND FURTHER ADDITIONS TO
LIST OF ACTIVE STOCKS.
Increased Inquiry For Railroad
Bonds With the Promise of Easier
Conditions In the Money Market
Government Bonds Strong and
Advance In Value.

/ New York. April 29.-The bull campaign
inauSurated yesterday was continued
with aggressive vigor today in the stock
F.: market and prices were lifted from TO
nearly points throughout the active list.
Inc sharp advance did not bring out any
large amount of offerings TO realize. but
tnere was some profit-taking. apparently
py the small traoers, in the late dealings,
which cnpped off the extreme gains for
INC DAY 1t was notable. however,
/ throughout the day that any marked re-
action IN prices Immediately led to d
cessation OF offerings, and the market
tell into intense Gullness The rather
hes.taIin~ ard unsettled tone of Amer
lcdns In London was ignored and prices
were confidently advanced here from the
! OPENING There was no important oppo-
sltlon TO the bull campaign. and prices
moved easily the supply of stocks con-
tinuinS rather limited. The volume of
business showed Il further increase over
Yesterday ana further additions to the
INST of active stocks
CONFIDENCE IN SITUATION.
The speculative leaders, which were
oouSht by the bull coterie were followed
py cthef stocks. whose friends desired TO
SEQ them keep pace with the rest of the
market There were no new DEVELOPMENTS
curing today beyond the confidence IN the
general situation. The declaration of
neutrality by Portugal may possibly have
mad some sight influence
me main consideration was the salts
faction felt over The excellent gunnery Of
the Omteu states ships at Matanzas and
IN pursuit of prizes and the ineffective eff
lorts OF the spanish gunners. The skill
tnus demonstrates the conviction as to the
superiority of the United States forces
Eariy intelligence is also expecfed of a
victory for the United States off the Phil
lpplneS. The strength of the market was
quite general, but none of the specialties
notably Sugar. Manhattan ard MetropoIi-
tan street Railway. moved more orderly
tnan the general list.
list. an ''''4
FOREIGN EXCHANGE.
Foreign exchange was lower. the de-
mand Tor sterling breaking sharply az &c
declined.
This led to renewed talk of gold imports
ana the stifening OF the call loan rate
was further factor toward this end
me abundant supply of money which has
been available for call loans has been
based. however. upon the Discrimination of
lenders TO put their funds into time loans
and commercial paper. Accommodation
in these departments are now more easily
had and the outlook is believed to favor
easier money conditions
There IS increased inquiry for railroad
Donds. with the promise OF easier condi-
tons in the money market. Prices moved
upward today on an increased volume of
business. Total sales, s1,f5O.000.
GOVERNMENTS.
Government bonds were strong. The
new :, coupon, and the 2nds advanced
/ per cent, the new As registered and
the old Is. registered, y. and the old As
coupon, i. and the SIS. coupon. Il per cent
in the bid price. There were sales of the
new IS, both coupon and registered at
an advance of p over the last sale price
but the old IS, registered. showed a de-
cine OF q on actual sales from the last
price.
MONEY MARKET.
Money on call was firmer at 21t6I3 per
cent: .ast loan, q. per cent; prime mer-
cantllc paper 6G7 per cent; steriing ex-
change was weak, with actual business
in bankers bills at 4.S404S4K for demand.
and at 4SlQ4.slA for 60 days; posted rates
4.Sl12G4 81 and 4S5I4S5I2; commercial bills
4.S1G4. Su55.
Silver certificates. 56ka5S: bar silver
Dos; Mexican dollars, 45h.
Government bonds strong; state bonds
dull; railroad bonds strong.
SALES OF STOCKS.
Total sales of stocks today were 297. 600
shares, including:
Atchison 5.3H; Burlington, II. 392: L. &
n, 5,O51; Manhattan. u 232; Metropolitan
Street Railway. $685.; Northern Pacific.
1855: Northern Pacific preferred, 12S02:
Rock Island. 12125: st. Paul. g. sos; Union
Pacific preferred. 22.032; Tobacco. I7.755:
Peoples Gas, $3.50; Sugar. 99.077.
BOND QUOTATIONS