The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-14
Better Outlook For Money Gives
Improved Tone t. the Markets.
DECLINE IN CALL LOANS
TREASURY DEPARTMENT TC
PAY OCTOBER INTEREST.
Closing of the New York Exchange
Showed Net Gains Ranging From
/ to 6 Points-Better Movement
In London-Gain In Railroads
Grain Markets at Chicago.

New York, Sept. 1S.-The recuperation
OF the money market by means OF the
severe liquidation of the last two days
was reflected in a much improved tone IN
the stock market Prices were little in
clined to advance in the early dealings,
in spite Of the buoyant tones in the Lon
don market and the vigorous strength
shown by few specialties. Early loans
on call were made at TO ~ per cent
and a decline in prices set in soon after
the Opening, which carried the level gen
orally below that of last night. me rate
in call loans then fell 20 per cent, ana ana
after stiffening again ~spasnodically.
eased off in the later part of the day 10
2 per cent. About midday there came
the announcement that the treasury oe-
partment had decided TO anticipate by
ten DAYS October payment of interest on
government bonds, which VIII amount IN
the aggregate TO over S9,OoOVoo. The
shorts took alarm at the steady advance
which set in and rushed to cover bidding
I'D prices in the closing dealings by vice
advances to the top level of the day. The
closing was very active ana buoyant ana
shows net gains ranging from 10 b
points. Today was the fortnightlY set
Element on the London stock exchange,
where quite a large short interest is SAID
to have existed in Americans The de-
cline here. therefore, was very opportune
and London bought to the extent of about
1000 shares. Tenn Assee was strong from
the outset and aftei moving in an erratic
way. closed the Gay with an advance of
81 points. American Tobacco also de-
velcped early strength and left OF over
3 points higher. Brooklyn Transit was
down nearly to yesterdays lowest point
and then up again and shows a fractional
net gain. The new United States milling
stocks moved up all day and shows net
gains of over 3 points each, and Colorado
Fuel as much. There were active up
ward advances in the leather stocks. The
railroads generally gained in volume as
the day advanced, and the upward move
M "
active issues which have net gains OF
between ] and points in many instances.
The movement of money on balance
continued in favor of the interior today,
but a debit balance at the clearing house
by the subtreasury relieved the pressure
somewhat So far as is known, there
was no fresh supply of money in the
market. though the sharp break in the
call loan rates suggested that some hid
den reserve might have been brought
forward Sterling exchange fell an addi-
tional fraction for actual rates and posted
rates were reduced &c, but the fact that
discounts in London were easier indi-
Gated that no gold movement is in pros
pect from that quarter.
Bonds were inclined TO cover in SYM
pathy with stocks. the speculative issues
leading. Total sales. par value, $2,475, 600.
United States bonds were unchanged in
Id quotations.
Bond Quotations.
Z. s. Is req 1907 \. Y. c. Is. lily
Z. S. IS coup. .10Sl5 Nor. Pac. lib
L. S. n as reg. .l30 Nor. Pac. 3s..... 661s
II. S. n. As coup .130 Nor. Pac. 4s...IOSlz
L. s. o. As reg. .J11z N Y, {. & St.
L. S. o. As coup .1I3 L. As .........10S
I. S. SIS eg......i11l2 N. & w. con. As. 95lz
L. S. 5s coup. .11112I General 6s .135
d. c. 5s.......117 Ore Nav. 1s.... 1872
Atch. gen. As. .1021a Ore. Nav. 4s.... 1902
Adjustment As 81 o. S. l.. 6s.......12S
Can. South. IS. .l09 Consol IS ....113ls
c. & o. 4lss..... s55s Read gen. As. ST1s
{. & O. 5s.......1lS r. G. w. 1s..... 9S34
C & n. con. 7s.145 St l. & Iron NJ
Dehenture 5s..120 consol SIS 1871
Chic. Term. As. 9S1s ST L.. & San r
y. g. r. @. Is. .106lai general SIS ..l24ih
d. & r. G. 4s.... 997s st. Paul con . 1897
Z. 7. V. & G. 1s.1G5la st P, c & p Is. .121
Eric gen. 4s..... 71% St p. C e. P IS. .12l
TT. W. & Den. so. Ry. 5s....-... 1851
City is $500. S0A Standard Rope
Gen Elec. S.. lie & Irvine 6s.... 81
G. H. e S. A JOS Tex. & Pac 1s..1147s
G. II. & S. A. 2s.10 Tex. & Pac. Is. "a
II. * 7. c 5s...111 Union Pac. 4sa 104
Consol 6s III C. & S. 4s....... S5%
Iowa Cent ls..-ff6 Wabash Is ......1l6
*. C, p. & G. Is 715Z Wabash Is .f00%
J.. & n. L. As. 100 West Shore As. lib
NJ, X. & T. 2s.. 707s Wis Cent 1s... az
N L e. QA1k