The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-11
Wall Street Transactions Reach
Enormous Proportions.
RAIL WAYS WERE HIGHER
OVER A MILLION SHARES WERE
SOLD YESTERDAY.
Many of the Changers Reached the
Highest Point of the Recent Adj
vance-Prorlinent Wall Street In
terests Were Heavy Purchasers
London Sold 1000 Shares.

New York. Jan. 1O.-For the first time
in the history. of the stock exchange,
there was trading in over a million shares
on two successive days, today being the
fifth mlllion-share day in fifteen years.
Practically all the railways except Atchi-
son preferred showed gains of a point at
one time or another in the day. In the
late selling movement, when the spec
ialties we're hammered, some of the ad-
NanceS were lost and in special cases, as
in Missouri Pacific and Kansas x Texas
preferred, the entire gain was wiped out
Most OF the grangers touched the highest
price yet reached in the current move
ment. The most conspicuous ADVANCES
among the railways We're the Great
Northern preferred, which made an eX-
IRENE gain of ga, and Manhattan over 5
and the Readings each The extreme
rise among the speclaltleS was that OF
New York Air Brake, lUi2. while Standard
DIStillinS, Standard hope & Irvine and
Bay STATE Gas We're very strong. Sugar,
TOBACCO and Federal Steel lost ground.
There was a tone of confidence a. the
opening, although there was evidence of
much foreign and domestic realizing,
which in spots brought receSSiOnS, which,
however, were generally quickly recov-
cred. The price of most international
stocks We're shaded and it was estimated
that London sold some $1,000 shares.
mostly Atchison, while there were some
purchases from that quarter Of c. a o.
and Southern Railway. Altogether il is
estimated that the arbitrage business of
yesterday and today footed up to 10000
shares.
A number of high-grade bonds were
sold for continental account. Locally, the
traders and commission houses were con-
siderable purchasers OF some stocks,
while they realized on others.
California shipments of money to this
center. which had considerable influence
on the market last week, We're said to be
Some of the most important interests in
the streeLswere prominent buyers on the
early reaction. These purchases We're
largely confined TO the grangers. This
was accompanied by some realizing in
other quarters of the market. Federal
Steel was heavy and less prominent than
usual in the days business
Transactions in bonds were at least
S3.VO9.0o below yesterdays total and there
is also an absence of the violent upward
movement. Profit-taking was evident in
some of the more speculative issues, but
high-Srade mortgages were well MAIN
tanned and advanced generally. Total
sales. $4,000.
United States new As, the old As regis
tered and the IS registered declined 4,
and the IS * in the bid price, The IS
coupon advanced g.
Owing to- the large volume of trans
actions, the stock exchange committee
has ordered that until further notice or
derS for less than ten shares will not be
sent over the ticker or be printed on the
first time in recent years, a supplement
was issued TO the regular stock exchange
list, as the usual form was too small to
carry the transactions.
Total sales of stocks today. 1,OSO. COO
shares, including: $500 Atchison 81 SO
Atchison preferred, $500 Central Pacific.
$50 c. * o., 12200 Burlington. 6.3S5 d. &
r. G. preferred, $50 Great Northern pre-
ferred. A455 L. & N, 19. $50 Reading pre-
ferred. 4,5IO Missouri Pacific, p. 637 North
ern Pacific, S,355 Northern Pacific pre-
ferred. 1920 Reading, 1850 Rock Island
1880 Union Pacific $500 St Paul. is. 5S7
Southern. 303l0 Southern preferred. 900
Texas & Pacific. IL 800 Union Pacific pre-
Steel preferred 1900 Peoples Gas: 900
c. +. q l., 3.133 General Electric. 6GOO pa
citic Mail. 500 Rope & Irvine. 81. 500
Sugar, 1850 Leather, 1880 Leather pre-
ferred, $500 Rubber, 1920 St L. * S W.
preferred.