Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-14

ing transactions. The ticker worked
slowly at frat. but soon rot going az q
lively rate and transactions recorded
were about the heaviest made IN years.
The opening In many stocks was very
Wide and Included 12.O00 shares OF
brooklyn Transit at from aeii 10 s5
Almost as much more stock was soon
unloadcd. sending thu price down To
s3is. which was n point below yester-
days close. The prnngerH and leading
railway shares generally participated
IN the boom to n decided extent. Bur
lington leading with jump OF three
Federal steel. which has been rather
neglected and heavy OF fate. was
damned up 80 to 50.
Professional spectators hnstcned to
supply the outside demand on holdings
secured during the early gums 81 the
week Tho large orders naturally
brought about temporary nhits In tho
market and LOSSES were quite severe In
tho stocks which had attained the
widest prominence nj the opening.
The absOrptivc public was sufficient
To- prevent any marked relapse IN the
better grade shares. Some stocks were
not affected. particularly New York
Air irake. which gained seven points.
Competitive pools are apparently az
work IN different stocks aud the amount
N enthusiasm displayed by the outside
public ia beyond the most sangulne OK
pectations ~ tho hull leaders. The sue.
cess which prominent interests have at
tninod IN advancing their fnvurites has
created an Immense following among
the uwnll fry. Commission houses al.
Vices to tail on To the faVorites hna
taxed the facilities Of the active COM
mission houses To their utmost extent
In some quarters orders to use stop or
dcfn In shares In which violent nuctua.
lions are common are refused Com
missions ARE being taken only with the
understanding to let 10 at the market
IN every Instance.
The upward movement was renewed
with considerable vigor IN the second
hour. top prices being registered In
many instances. There was a iuli In
the trading pending the publication OF
the weekly bank statement. which was
looked for to show important changes
In tho surplus reserve ana loan Items.
The banks increased In surplus reserve
and loans was deemed very gratifying
| In Wow ~ the conservatism displayed
by lenders as To tho collateral offered
for accommodation. The bulls sailed
| In 10 increase their advantage and took
| hold ~ Atchiann preferred ana South.
err Hallway preferred nn the leaders.
The absorption Of the standard stocks
was also extensive Northwest cross
| Ing iiG. md HUNTINGTON getting up "a
almost the best Wenkncra In Sugar
and Manhattan Htcmmcd the current oi
buoyanry In most OF the rpccialtics hut
brooklyn Rapid Transit was well sup
| ported and In n measure moved indie
/ pcndcntly of other stocks OF this class
| Tho closing was strong and active with
hirh prices ruling FOR most ~ the lead
INK railways. Saics 6as.1s1 shares.
MONEY.
New York. Jan. ii.-Moncy on call
steady nt 81 per cent.
Prime mercantile paper, J q 3h pct
| cent.
Sterling exchange firmcr. with actual
business In hankerS' bills nt siSiA q
Sis5 for demand and l.S2h n y FOR q
days: posted rates. fiS1 ~ ASSN
commercial bills. tt.I " y.
silver certificates. ~ q COZ,
Iiar silver. ssh.
Mexican dollars. Az,
State bones. strong
NHrad bonds. strong.
Government bonds. Irregular. New
i'H reg. 1885,; do. coupon. i2sh. ~
iilh: coupon. iisA; snd's 9eM. IS reg.
ii2h.
SUGAR.
New York. Jan. N-sugnr raw un
settled. fair refining. 1916, crntrifu
raj. 20 test. I b-is. molnsaca sugar
. 9-ig; refined. quiet! crushed. 90; pow
dercd. ~. graduated, ..
CuiCAGO MAUki.IS