The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-02-24
A MILLION SHARE DAY
RUMORS OF A NEW GOVERN
MENT BOND ISSUE.
Tobacco Made Sensational Fluctua-
tions On Reports of Combination
of Trusts-Sugar and the Granger
Group Suffered Heavy Losses
Good Foreign Demand For Stocks.


tween the bulls and bears. The most sig
nificant losses were made in Sugar and
the granger grour. Burlington figuring for
S12. The leaders in the other column were
Tobacco, the Minneapolis & St. Louis
shares and Third avenue. The market
was strong, with d considerable demand
for foreign account, London taking fully
$1,000 shares, over half OF which were the
Atchisons. Plenty OF selling orders APP
peared and prices receded from the open
ing figures, IN some cases Sharply. a raj
~ ensued with Tobacco. the eoalers and
the grangerS.
IoDaccos strength was accompanied by
the announcement that a settlement with
the opposition concerns was imminent
winch involved consolidation of inter-
ests. The action OF the Burlington di-
rectors on the refunding scheme, not full
tlillng expectations entertained in some
quarters, resulted in a sharp break in
Jnat property, which was accompanied by
d simultaneous break in Sugar.
A report was circulated widely that q
large issue of new government bonds as
impending, and this attended a sharp
raid. The information was said TO have
been received in d private dispatch, but
no confirmation was obtainable.
Tobacco fluctuations on the various re-
ports were very sensational. 1t opened up
Z points. at Us and slid off TO 1l2 rallied
to 119 and closed at 1S5l2. on interpreta-
ton of the deal reported WAS that the
rival company, Union Tobacco, was to be
transferred to the continental company,
which is owned by the American Tobacco
company.
Metropolitan, after dropping points
from the opening, rallied So and closed
a point Off while Third avenue lost about
half of an eight-point rise. Consolidated
Gas worked up ~ and then suffered a
decided break Minneapolis & ST Louis
shot up about points and the second pre-
ferred points or rumors that the dl-
rectors might retire the company's first
preferred. Special strength was shown by
American Steel. gaining 8 points when
the general list was cTumbling. This was
due 10 glowing reports of the company
business which enanated from parties
connected with the property. Sugar was
supported in the early dealings, but with Il
| 5-point loss. The coalers averaged
points up, with Jersey Central exception
ally jumping 312 on reports of progress
toward regulating the coal trade. The
market closed irregular, with weak I'M
dertone.
The bond market displayed a marked
degree of strength. which was not in
fluenced by the break in stock prices until
the close when some issues yielded in
sympathy. Total sales. S5.J50Vo0. L. :.
As declined Is in the bid price.
The total sales of stocks today were
1.011. 400 shares, including $500 Atchison.
7.620 Atchison preferred, l0,11o Central
Pacific. 5c.S2O Burlington. 40OO d. & r. c.,
A 100 Erie preferred. 1890 Manhattan.
! $50 Metropolitan, 30.0lS Reading. PREFER
ed. 1900 Missouri Pacific. 1900 NJ K q
II. preferred. 10.520 Rock Island. 1890
Union Pacific, 1850 Union Pacific pre-
ferred 2S.O50 ST. Paul. 49, so Southern Pa
cific. 3,4O0 Southern preferred. 13O.0O6 To-
Steel preferred. $40 Peoples Gas. 12,075
Consolidated Gas 1909 General Electric.
Il. go b. r. T. Co. 800 Pacific Mail, 5000
Sugar. 1923 Tennessee Coal & Iron, $500
Leather APO Leather preferred, 5,53S
Rubber 3.72O Western Union.
BOND QUOTATIONS..
L. S. 1868, \. Y. c. lists ...-11512
L. s. new As reg. 12724 n. J. c. 5s.------1S
L. S. new Is cou. 12S12 Nor. Pac. lsts...1
L S Is req. 1929 Nor. Pac. 3s....- 6S12
U S. As cou..... .112%4 nor. Pac. IS. ..103
L s 2s .... % INY.C.&S.L. As. .10l
L. S. IS 11134 Nor & w. 6s----l30
L. S. IS cou.... .lll$sIN. w. consols- .l45
District 3 COS 1lS N w. deb. 5s....122
Atchison As .....l02 Ore. Nav. lists. 10
Atchison adj As 81 Ore. Nav. s....-l02Is
Canada So. DDS. .1lO11O. S. l.. IS I. r..12Sla
G e o. 4Ihs 965s 10. S. L. 5s t. r..1l1
G. & O. 5s...... 1lS1s Reading As ...... &is
chic. Ter IS. 90 r. G. W. 1sts.... @la
c. II. & d. 414s. .1049s St.P.C.&P. lists III
D. 6, r, G. lists. .10Sli 5. al. VI. en- 5s-lll12
D. q r. G. As 10O4i S.L.&S.F. gn .123ls
East Tenn. lists. 104zl St Paul Con. l6l.i
Erie Gen. As 80. "A StP.C.&P. as. .12lls
F. w. & D. lists. S4l2ISo. Ry. 5s -. .l999s
Gen. Elec. IS ....11312 STAN r. Il T. 6s- SSA
I q. H q s. A. SIS 100 r. p l.. G. lists. .1l4
G. II. & S. A. 2ds.11O T. p. re-. DDS. 522s
II & 7. c. en- IS. 10 UP.D.&G. lists. SIS
la Cent lists 100 Wabash LIST 5s. .1l5l2
I, & n. Tn. As. 952sl Wabash DDS 80. 96ls
PIC. Cen. 6s ,11424 West Shore IS. .1l2A
! NJ X. &, T Eds. 6S1a Wis. Cent. lists. 6ls4
NJ X. x T. As. 80 Colo. So. 4s-.--.- Srs
NEW YORK CLOSING STOCKS.
Atchison ......... 2S7s. r. G. W. ...... SO
r x % o..'.. 49,. % ST. l.. & S. W.. S7s
Canada Pacific. sos Preferred ...... 29l4
| Canada So. ...... ~ St. Paul .........1 1905
Central Pacific. 5314 Preferred ......169
Ches. & Ohio.... 294 st. P. & o.. %
! Chic. & Alton. Ia Preferred ITO
| q n. 4 Q........144 so. Pacific ...... 3S15
! c. IL L. l. $500. eS34 So. Railway 80. -
Preferred ...11Sl2. Preferred 80. SOS
/ Chic. c. W. 49, l6s2 Texas & Pacific. 233s
! q. & L........ l2.Union Pacific :. 4S24
Preferred ...... 4S12l Preferred -. S0ss
| G x n. W. -. .1499slU p. D. & c.. 12A
/ preferred 800. .l9Z12i Wabash 49,. go. So
| C. c &. a. St. l.. 5912l Preferred ...... 23ls
Preferred ...... YS w. & L. E.. I3s
| Del. & Hudson -ll392l Preferred $3.50. 81
/ Del /. & W.. .l6O12' Adams Express. lis
/ = ar g. ...... 22tsIAm. Express ...140
/ preferred ...... 14AlU. 5. Express 50
7 Erie new ...... 14S4 Nv ells-Fargo ..-.l29
LIST preferred. " Am Cotton OIL. 80.
1 FIT. Wayne ......HO Preferred 49,. we
/ CT. Nor pref....lS4 Am. Spirits $50. 121s
/ Hacking Val. =. Preferred ..... SO
| illinois Central. III Am. Tobacco ...lS5
/ L. E. q w. $500 I912 Preferred .-----l42
/ Preferred 49,. 81 Cons Gas -20912
Ike Shore 49,. .20Ol5 Com. Gable co. $50
! / n N ........ 659slColo. +. d L.. 33A
/ Manhattan l. ..-llz1ai Preferred ...... ~
/ Met- St. Ry.....2l4 Gen. Electric ..113la
/ Mich Central lis lHaw. Com'l Co. 20
/ Minn. &, ST. L. 80 3. X. Il. Co... 955s
/ 1st preferred 1919 Intnl Paper -. 60
Mo Pacific ..... A Preferred ---.-. ~
Mobile & Ohio. S912 Laclede Gas 80. 5412
VI Preferred 49,. 40A Preferred .1l2la
/ n / Central Hops Fed. Steel ...... 50ss
! n V Central. 1884 Preferred ..-... SSS4
/ e V c. & St. l.. 144 Nat. Lin. Oil e. G..
list preferred. s. Pacific Mail -. 5l3s
! 81 nreferred.... SO Peoples Gas -.11iA
! Nor. West........ - Pullman Pal. ..le0
No. Amer. Co.. IS Silver Cert. 9s4z
/ no Pacific ..... 53A Stan. r. q t.. IL
! Preferred .....- 49, sugar :. ..l33!i
/ Ontario & w. 233s Preferred -:...-114lz
! q r.. & NJ. Al Tenn. c. & L.. 44S4
/ ore. Short Line. q 10: S. Leather rs
/ = q lst pref. 50 Preferred 49,. Y
ID preferred... g. L. S. Rubber -. 53Si
! Pittsburg . ..-.1SG Preferred .....-1lTll
/ Reading 49,. 22S4 Western Union. 9ill
/ Isl preferred. 6i4 o. X. & n. pref. z
/ Peek island I2U Pacific Coast . 40
| ST L. & s. F.. 12lAlColo. Southern =. 81
! Preferred 49, 12.al LIST preferred. 50
! I'd Preferred. 4S1sl I'd preferred. y
NEW YORK MINING STOCKS.
Chollar .......... 40ontario -. .... 5 70
| Crown Point - "a Ophir $3.50 80. 2
Con- Con" Cal. & va. % Plymouth :. -. Il
| Deadwood - IS Quicksilver =. =. 2 50
Gould & Curry. as Preferred 49, ; o
Hale & Nor..... 35ISierra Nevada :. 2
| Homestake 10 VOlStandaru 49, .
! Iron Silver .. SQlUnion Con ...... *
1 Mexican -. 81 Yellow Jacket :. Al
| SAN FRANCISCO MINING STOCKS.
San Francisco. Feb. 2s.-The official
| closing quotations Tor mining stocks to-
S Alta 49,. 10 Hale & Nor 49,. a.
| Ain,a Con 49,. Justice =. =. 49,. q
Andes .....- - Kentuck Con. :. u
! ReIcher - =. 20 Mexican =. :. e. 6;
Benton Con. go. 10 Occidental Con-. 81
! Rest 4. Belcher. 90 Ophir 49,. / U
| Bullion .. bOverman u
! Caledonia ~ IOlOSl =