The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-03-15
Cash Needed For Financing the
Chicago & Alton Deal.
STOCKS WERE DEPRESSED
MAJORITY SHOWED LOSSES ON
THE DAY.
Union Pacific One of the Stocks That
Suffered-Money Rates Eased on
and a Rally Set In Before the
Close = Sales Less Than Half
Million.

| New York, March 14-The net changes
| in stock. prices today were issegular, with
mostly losses prevailing. London quota
at the start. Firmness in the call money
market which ranged from to 4, was a
/ depressing influnece much of the day, but
with its easing off to 3QS12 before the
close a rally set in which wiped out earlier
losses in some stocks. Union Pacific.
Northern Pacific. Atchison preferrep and
Manhattan were under pressure most OF
the day and disturbed confidence among
the other railways, which were weak on
moderate offerings.
The weakness IN Manhattan was per-
maps attributable to anticipation of the
new issue OF stock. Fear OF the possible
failure Of desired legislation affected
Third Avenue and Consolidated Gas, while
in connection with the latter there was
also talk of increased competition. The
pronounced strength of Tobacco, which,
at one time touched 2l4A, was unaccom-
panied by any explanatory news. Sugar
displayed considerable firmneSS when
other points of weakness were appearing
and ended at a small net advance. Chi
cago Terminal. Hooking Coal & Iron and
Union Pacific. Denver IL Gulf We're fea-
lures of strength. In the afternoon rally
the grangerS and standard shares gener-
ally were lifted about a point from their
low figure and retained most of the re-
covery, leaving them irregularly changed
for the dav.
The calling of some loans by the banks
for. syndicate account preparatory to the
payment of three-fifths of the Chicago &
Alton money due tomorrow in connection
with the recent deal was in a large
measure responsible for the strength in
call money. There was a reflex easing in
sterling exchange, due to the strength of
money. The sales for London account
for the day were estimated at $500
shares. The market closed firm.
There was an absence of decided tone in
todays bond maIset for the active issues
within narrow limits. Total sales, S3,210,-
&c gH nl1 In s. In
price.
The otal sales of stocks today were
4I4,o0o shares, including Atchison, 7,149;
Atchison preferred, 44.5I0; Burlington, 15,
$50: Great Northern preferred. 800; Man
haitian $3.50; Metropolitan Street Rail
way, 1850; Missouri Pacific, 10, $3.50; North
ern Pacific, q, 464; Reading LIST preferred,
1880; St. Louis & San francisco, $40;
ST. Paul, 1850; Texas & Pacific S,11S;
Union Pacific 500; Union Pacific pre-
ferred, 1875; y: p. D. & g., 4.225; Ameri77
can Steel & Wire. 12,49l; American Steel
& Wire. preferred, $500; Federal Steel,
S,304; Federal Steel preferred, 1856; Ameri-
can Spirits, 1925; Tobacco, 2S, $50; Peoples
Gas, 7225; Consolidated Gas, $50; Brook
Ign Transit N.3S5; sugar, ~ 10; Tennes-
see Coal d. Iron. 1900; Leather preferred,
1888.
BOND QUOTATIONS.
u. S. IS ...... 1o7as No. Pac. lists. 11s1s
L. S. n. As, reg..l2S Do. IS ......... SIS
Do; coup ......l2S Do, As ~. .1O37s
U. s. As ........lllA n. Y. c. Dc ST.
Do. IDS ..... y955 invest. cons. ...1lsis
L. S. SIS, reg....H242 Do. deb. 5s... .122
Do. 5s, coup ..11243 o. Nav. lists ....111A
District COS ...nl12 o. NAY. As .....1Ol5s
AtchisOn As ..102l2 O. s. l.. 6s, t. r..12o12
Da. adj. As -. S212 o. S. l.. 5s, t. r111
Can. So. IDS. Ito Reading As $50. S91a
c. & o. ras.... SO r. G. w. 1sts... So
Chi. Tern. As. 9SA st. l.. K II. NJ.
c. & emo 5s. ..uS12 Con. 5s 49,. .1l1A
c. II. d ID. 412s. .104ss St. l.. & S. f.
d. Il K. q. lists. l0S1s Gen. 6s ....... .l233s
d. q r. e. As. .100A st. p. Con. .....1 6412
East Tenn. 1sts.105 St. p. c.. & p.
Erie Gen. As -. 721a lists :. .........122
L. w. & D. lists Do. 5s .120as
t. T. ............ S45a So. Railway SIS. 1864
Gen. Elec. IS ....1H Standard Rope
G. II. d. S. A. 6s.110 81 Irvine 6s.... Sc
Do. Ids .11115 Tex. Pac. lists. .1l2&
H & 7. c. S.. ITO Do. Rg. IDS -. 523s
Do. con. 6s.. ..11G Union Pac is. 1914
Iva. c. lists. .109 u. p. d. & Gulf
l.. & n. Uni. As. 961s lists :. ........ 80
Pac. Con. 6s.. ..12OA Wab. 1st IS ....1147s
NJ K. & 7. 2ds. GA Do. IDS ....... 9412
Do. is ......... 1914 w. Shore As lib
n. Y. c. lists. ZIG Wis. Cent. lists. GS
n. ]. C. 5s...... 11S12 Colo. South. ..S7as
Nov q. &c