The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-11-03
STOCKS IN THE EAST
Market Took On Show of Great AMI
nation and Strength.
LARGE NET GAINS RESULT
MOVEMENT CAUSED BY EASIER
TONE OF MONEY.
Professional Pool Operations Directed
Against Bear Contingent and
With Good Success-Growing
Public Interest In Stocks-Ex-
pansion In Business.


New York Nov. 2.-The stock market
today took on a show of great animation
and strength and some very striking net
gains resulted The general list, however,
though higher in price at the close, devel-
oped little activity. The operations. which
totaled $500 shares sold, were largely
confined to the professional element Inc
upward movement was obviously based
upon che notably easier tone OF the money
market The largest operations were by
powerful pool and strong financial inter-
eStS. which have command of money re-
sources outside of the usual money mar
kets circles
The prevailing opinion in Wall street is
that prices of Stocks would move upwards
easily if the obstacle of stringent money
We're removed. The large Outstanding
short interests in stocks has been palpaoly
uneasy for some time past, and any indi-
cation of relaxation in the ughtness or
money makes them inclined to cover their
short contracts The professional pool
operations in a number of prominent
stocks today were obviously directed
against the bear contingent. and with
good success. 1t is very probable, how
ever, that the large buying at other points
is based on expectation of rise in prices
on account of growing public interest in
stocks.
1t is the period of the year in which, I'M
der normal circumstances. the extra uses
for money in the moving of the crops be-
gins 10 show dinlinuticn. releasing large
funds from employment in stock specula-
ton. Expert opinion. however. IS by no
means unanimous that funds Will be re-
leased in the usual volume his fall, owing
10 the marvellous expansion in business
Outside the highly speculative industrlals
tine movement in the railroads centered in
the Southwestern group. The special
strength and activity in Southern Pacific
helped the SouthweSterns. and was based
#
trol.
The belated movement in cotton was a
factor of strength among both southern
and southwestern railroads. There We're
special movements besides in Big Four
and Chesapeake & Ohio, and some demand
for the coalers.- The upward movement
in the iron and Steel stocks encountered
as did that in Brooklyn Tran
sit. Speculation in Leather continued on
an enormous scale, the stock, rising an eX
IRENE 3l2. Sugar was also very promin-
ent, ambrose at one time points: Inere
We're nQtaDle movements in Standard
Rope. Peoples Gas and Manhattan. The
extent of the advance invited heavy real
izing. especially during the last hour and
some stocks showed reactions of between
1G2 points from the highest. The general
tendency was yielding in Spite of a fresh
advance in Southern Pacific TO 4l% and in
Chesapeake & Ohio to -. The upward
impetus at the opening was caused by
higher quotations from London. and the
effect was exaggerated by the circulation
of a canard alleging a disastrous defeat of
the Beers sat Ladysmith. Manipulation
for the rise was very apparent all day.
he bond market was active and strong.
the demand being well distributed. Total
sales. par value; s., $4,000. I. s. old As ad-
vanced a and the IS, new As and 5s Is in
the bid price.
Bond Quotations.
L. S. Is reg .lCO1s,M TX. & T. As e. 9214
Y. s.. Is reg .10lA \. Y Z. Is. ...1l2A
L. S. ,3s coup. ..107S4 n. ]. c. g. 5s. .119A
[. S. n. IS reg. 1894 Nor. Pac. Is lib
l.. S. n. Is coup. 1884 Nor. Pac. is. :. 6ol2
L. S. o. IS reg. HIS Nor. Pac. As. .1O2l2
L. 5. o. Is coup. .l1212N n. Y. c. * ST.
{. s. IS coup. los Nor. { w. c. As. s2is
Dis. Col. IS 5js. III Nor. * w. g 6S. 1875
Atch. gen. As =. 9Sss Ore. Nav. Is. ..ll5
Atch. adj. 4s.... SSi4 Ore. Nav. As. .-l0i
San. 50. Ends Jos o. 5. L. 6s.. ...-.l2S
Ckes. & Ohio 41zs $40 S. l. C. 5s, .ll4l2
Ches. & Chio IS .l19l5 Reading gen As. SIS
G. 81 " c 7sl45 +, G. w Isl NJ. II So
che aeo Term 2T A.. 1872 s St con L. 's S. iva
D. & r.. c.. Is. JOG gen. 6s.. l4la
D. e r. G.. As. 1914 81. Paul con-. .169
E. T. V. & G. Is 1885 ST. p. c. &; i. 1s.120
Erie gen As 81 st. p. c. & p. IS. 12Jl5
9. W.. & D. C. Is. so So. Ry. IS. ..--.HSA
Gen. Flee. 5s ...119 St. r. & T. 6s.. Sc
6. II. & 9. A. IS. Jos Tex. & Pac. Is .1l419
8. II. & S. A. 2s-l091s Tex. & Pac. IS 81
r. & 7. c. $751; III Union Pac. 4s..-l 033s
II. & T. c. c. $40 Wabash Is. =. ..113is
Iowa Cent. Is. .Ii5tk Wabash IS -. ..1OO4
r. C. e p. G. Is. 1914 West Shore As lib
/. & n. uni. As. .l0ol4 Wis. Cent; Is. IS
Stock Quotations.
Atchison.. :. ....23 So. Ry:. e. ...... 159.
Preferred .-,67ls Preferred =. :. 5ll4
Bait. & Ohio. 50 Union Pac;. 979s
can. Pac.- - $50 Preferred IA
Can. So.- e. -. 53l2 Wabash SIS
CheS. & s0hio.... $50 Preferred 224
u l.
chi chi. B. 5. ( Ga T Il = ;pJd pug
chi. /. & L.. liz Adams Elk. LIP
Preferred :. 49, Am. Elk. 1881
chi. & f. Ill.,. 96ll United States 80
chi. & n. W....11012 Wells Fargo ....1S0
chi. r. /. & p .1l55s Am. Cot. Oil .... 49,
8. c. c. & ST. L. 81 Preferred =. =. 90
iolo. So. :. :. as Am. Mailing 80. 11%
lst pfd.. :. .... AS. Preferred =. =. 1872
End pfd.. =. -. ia Am. SIN. & Ref. $50.
Del. & Hudson. .12S Preferred :. .. s512
Del. L. & W.....192 Am. Spirits "a
D. & r. c.. 80. 2lfs Preferred E. =. II
Preferred. 80. 767s Am. ST. Hoop =. 424
Erie. E. =. 49,. 1872 Preferred =. S2Lt
LIST pfd.. :. :. SSA Am. St. & W.. 47G
IT. Nor pfd.. lie Preferred e. :. 9312
locking Coal :. lS15i Am. Tin Plate "a
Hooking Vals. :. 30 Preferred g N
H. Cent. ....l153s Am. Tobacco ...1227s
owa Cent. :. :. IA Preferred :. Ia
Preferred :. :. 59la Ana. Min. Co.. 443s
<. c. p. * Co. SSi b K. T.. sol.
:. E. & w. 80. 10 Colo. F.. e Iron. 56z,
: Preferred :. :. 1913. Cont. Tobacco :. 42l4
lake Shore :. lbs Preferred :. :. 80
1ouis. & N. l...S 73t Fed. Steel g. go. 80
Manhattan L....1117s Preferred =. -. Sl1s
Net. ST. Ry.-. 1854 Gen. Elec.. =. ..122
Mex. Cent. -. =. 14ls Glucose Sugar :. 81
.iinn. Is st. L.. 112 Preferred =. :. 80
Preferred :. E. % Int. Paper :. -. %
Ills. Pac.. :. -. 49, Preferred =. E. IA
Mobile & Ohio. 46Ie Laciede Gas. :. az
". X. & t. -. - Nat. Biscuit 40Is
Preferred :. :. i01s Preferred :. . 20
y. j.. Cent. ...125A Nat. Lead .. -. 25H
Y. Y. Cent. .>....1sl% Preferred :. LOG
lor. & West. :. 275s Nat. Steel =. 49,. 40
Preferred . :. MS Preferred . . 90
Sor Pac.. =. :. SIS n. Y. A. Brake.149
Preferred :. :. 76I2 North Am. -. 13
INT. & West. :. 26ss Pac. Coast :. -. ssh
Ore. Ry. & Nav. AZ 1st pfd :. :. -. SO
Preferred :. ;. 76 End pfd.. :. -. 6SL |
pennsylvania ...1sl Pac. Mail. :. :. 40
= -. 21s4 Peoples Gas ....115%
list pfd.. 61as p. Steel Car 49,. 5S
2nd pfd.. :. -. 33A Preferred =. =. 1914
Rio G.. w. -. IS Pull. Pal. Car. .196
Preferred Pr. e SlH St R. & Tw. l4ss
IT, L. & S. F.. lis PreferTed. ..1l71e
End pfd-. -. 1912 T. Coal q Iron. .1lS.s
It. L. S. W.. 10 u. S. Leather :. sr4
Preferred ~ Preferred 50
Preferred .. liz Preferred =. ..1i2
i. 2. & Omaha 100 West. Union 80. 50
70. Pac,- 49,. i15s r. /. & s.. $50. 25ia |
Eek & Pac.. -. 1885 Preferred -. 20
Stocks at London.
New York. Nov. 1.-The Commercial !
avs: The markets here a better tone at /
he beginning of the session. but were idle |
nd relapsed in the afternoon on the hard /
uirg Of money rates and want of news
rom the Transvaal. Consols were steady
ntil near che close. when they fell 3-16.
anish Is reached 633t ON what was con-