The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-17
LIGHT BUYING DEMAND
Small Number of Stocks Had Prices
Marked Up.
MARKET WAS NEGLECTED
IN HANDS OF SMALL COTERIE OF
PROFESSIONAL TRADERS.
Undertone Was Rather Firm In the
Railroad List-Announcement of
Shipment of Gold Has No Affect
Look For Unfavorable Bank
Statement Today-Wheat Market.

Statement Today-Wheat Market.
New York. June 16.-There was small
number Of stocks whose prices were
marked up at the opening today and Cor
which buying demand existed at inter-
walls during the day. The coalers were
conspicuous especially the Reading is
sues and they rose on an average of
about IL points. The Flower group also
moved upward and gave some semDlance
OF strength to the general market Aside
from this demand the market was almost
wholly neglected and in the hands of a
small coterie of professional traders.
The utmost endeaYorS of these operators
did not serve TO move prices more than
a small fraction except in a few isolated
cases The advance in the coalers was
pretty well held. 1t was attributed TO
the return from Europe of a prominent
nnancier who has figured in MANY
railroad re-orSanizationS and to the clos
ing out of options on Lehigh Valley by
railroads displayed a rather firm tone in
sympathy with Reading but the move
ment of prices in them was incense
quental. The advance in the Flower
stocks was not so well held and in some
OF them was more than lost before the
day was over Prices moved up and
down over range of about points and
closed with a small net loss. New York
Air Brake made a characteristic sky
rocket jump of Is points. Colorado
Southern first preferred dropped 2S., pre-
sumabiy on account of the labor troubles
in the state; Metropolitan ranged over
four points. but closed at small change.
There was nothing in the general situa-
ton that found any reflection in the stock
trading The undertone was rather firm
In the railroad list. partly in sympathy
with the strength of individual stocks al
ready mentioned. The announcement
of an additional shipment by to-
morrow's steamer of 100000 in gold
was without influence in the trad
ing, unless it might have been a feature
In discouraging activity. Influence in
the same direction was the expectation
of an unfavorable bank statemnt tomor-
row. Last Saturdays shipments as well
as those made early in the week will all
figure in tOmorrOw'S statement but not
today's engagement The banks are said
TO have lost cash in other ways during
the week. and a large decline in that item
Is expected in tomorroW's statement. The
amount of loans cannot be forecasted.
but there were reports of a calling of
some loans yesterday. suggesting that
there may be contraction of credits re-
hected by tomorrows return.
An incident of the day was the firmer
tone in silver market in London said to
be due to the buying for Indian account
and to the effect of the Colorado smelters
strike.
Reading fours We're the feature of the
bond market. with an advance of 1 per
cent on large buying. Elsewhere in the
list We're points of weakness. Total sales
the old Is coupon declined Il and the IS
advanced i in the bid price.
The total sales of stocks today were
S2s.537 shares. including: American Steel
& Wire. 1900; American Sugar, 1910;
Atchison preferred, 1900; Brooklyn. T. r. |
Co. 1890; Burlington. 1890; Chicago.
D. & R. G. preferred, 3 900; Federal Steel, !
q. 100; Manhattan, 5000: Metropolitan |
Street Railway. 1920; Missouria Pacific. |
300: N J. G. 2.0Ga; n. Y. Central 800: |
Ontario & Western. 200: Pennsylvania. !
1900: Peoples Gas 800; Reading. $500: I
Reading first prferred. A.. 7e0:. Reading |
St. Paul Il 900: STANDARD DistilIing com
pany, 1920; T. c. & l., $500; Rubber, $50.
Bond Quotations.
L. S. 2s reg. 10Ol9 NJ. X. & 7. Ends. 6e14 |
I. S. IS reg lo9 N. K I: 4s... -
L. 5. IS coup..-.l09 \. Y. c. lists. HOS |
L. S. II. As coup. 1907 No. Pac. 1sts...1l3
L. s. o. Is reg. .ll2&4 No. Pac. 3s-.... SIS /
L. 5. o. As coup. 1888 No. Pac. Is. .105l2 |
L. ;. 5s reg......112%4 \. Y. c. & St. l.
L. 5. 5s coup. .1l2S4 Is ........1O7%s !
Atchison, gen As .io2a4 \. & W. gen. 6s.1S2
Can. South 2nds.1li Q. y. Is ........i0s
c. & o. 5s...-..1l9A o. 5. L. con. IS
Z Is ~ W. Co IA Read ed. Gen. As. siss
c. & n. w. S. r.. G.. w. lists. .1005s
F. Deb 5s......122la st. l.. & /. NJ.
c. Terminal IS. .102l4 con 5s .111l4
d. & r. g. lists St. L. & S. F.
pfd ......... ..1O6 Gen. Is .........126
d. q r. G. As. 1881 St. p. Con.......17O
Z. T, Va. & Ga St. P. c. & P.
lists 49,. .105is lists -. .......14
Erie General As. 10 St. p. c. & p.
+. w. & d. c. IS -. .....-...12i
1st $3.50. go. az So. Ry. IS lilly
Gen. Elec. 5s.-..11S S. r. x T. 6s.... Sc
L. II. * ). 4. is .1l3e4 T. d P. sts....114la
G. II. * $. A T. & p. 2nds.--.- 50
ends .... ......1GSi4 L. z. As ....-..-10Sj5
II. & T. c. 5s..l12 Wab. lists pfd- Ills
II. & T. c. c. 6s -109 Wabash ends. 100
Iowa Cen. lists. .113l4 West Shore is .1l5ik
X. c. =. az G- Wis. c. lists -. 71$4
lists $50. -.---. 6ii3 c. So. Is 1890. SO
[. * y. L. 4s.--. 9Sss
c.-1- n-.-..4: