The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-16
Offers Made TO Take Up ALI the
Flower Stocks,
NET GAINS PREDOMINATED
POWERFUL WEAPONS IN HAND
TO RESIST BEARS.
Timid Holders Encouraged and Mar
ket Regained Its Firmness-Prices
Closed Above aturday-Advices
From London Indicate Large
Reserves of Capital.

New York, May 15.-Opening quotations
n the stock market were vigorous no.
tice served on all parties that ample cap
ital was forthcoming to take up all Of
ferings which tinid holders of the $50
called Flower stocks chose to OFFER. and
also to the bears that powerful weapons
were in hand to resist any onslaught by
them. The different members of the
Flower group were poened up ] to )
points above Saturdays close, the favor
ties of the late financial dealer, Brooklyn
Rapid Transit and PEOPLES Gas, leading
the rise. New York Air Brake. in its
usual volatile manner. made an eXcep-
tional rise of II points in the first few
minutes These aggressive tactics served
TO diSSlpate any uneaS1neSS IN the spec
ulative mind remaining after the violent
fluctuations in Saturdays market Early
quotations from London also made 1t evl-
dent that there were large reserves of
capital prepared to take advantage of any
further sympathetic declines in the gen.
eral list Of securities. The buying there
before the opening here was not only for
New York Air. but presumably with the
purpose of supporting values, also on
orders from Scotland Germany and Hol-
land, as well as local EngI1sh, demand.
The high opening here. especially in The
Flower stocks. invited a considerable vol
ume of offerings. but these were absorbed
without the slightest hesitation and in a
short time they materially decreased
The pressure of liquidation being relieved,
the vigor of the efforts of the support
was somewhat relaxed Prices having
failed to break. the bafgain-hunterS were
deferred from buying, and the market
fell into a quiet state.
A brisk upward movement in Sugar TO
15i4s. and lively demand for the Pa
cities and the grangers caused a stiffen-
ing throughout the list But the small
ness of the transactions discouraged a
continuance of the bullish sentiment and
the market fell to a kind of comparative
Inactivity The movement of prices be-
came decidedly irregular. some OF the
more obscure specialties fuctuating
quite widely. but in the contrary direc-
ton. This was notably the case among
the iron and steel stocks, Tennessee Coal.
Colorado Fuel and National Steel pre-
ferred being notably weak American
Smelling and the coalers were also con-
sistently weak. This tendency and the
apparent withdrawal of supporting orders
invited a raid by the bears late n the
day directed particularly against Metro
politan Street Railway. which was ralded
down 3 points. The grangers ana Pa
cities also suffered in the decline. except
Central and Southern Pacifics, which
were consistently strong. Metropolitan
Street Railway rallied very strongly y
points, the local traction SHARES respond
ing in sympathy. The bear traGers COW
cred. making the closing firm. The con-
spicuous changes were in the tlo.wer
stocks, which all closed higher, though
below the best of the day. Otherwise
changes in the prominent stocks were not
large. Net gains predominated-
In the bond market there was some
very heavy takings of Baltimore 6, Ohio
As then insued- Dealings were moderate
and changes were irregular. Total sales,
advanced Is in the bid price. The total
sales Of stock today amounted 10 5s2 so
shares. including: American Smelling, B.
200; American Steel & Wire, y. 200; Amer
e.5O0: Anaconda, 1900: Atchison, 500;
Atchison preferred. 80 900; B. & Q. W. l..
800 Brooklyn Rapid Transit n 1 1Ti%e'
$500: Chicago Con. Trac., $3.50; chicago
Terminal trust receipts preferred, A,lVl:
Continental Tobacco. 500; Federal steer,
2S 900: Federal Steel preferred, u, 400; IN
ternatiOnal Paper, 3lo0; Lon GUS. NE
Nashville. 900; Manhattan, ], 80; Metro:
politan Street Railway; S.lW; missouri
Pacific. 1900; National Steel, i.ig; New
york Central 4s00; New Jersey Central
rights. 500: North American Company,
1900: Northern Pacific. 12l0O; Northern
ern. 4. 160: Pennsylvania. 800; People les
Gas. q. 600; Reading first preferred 80
Rock Island $500; St. Paul, 23Suo; SOUTH SOUTH
ern Pacific. $500: Southern Railway, 6.2OJ;
Southern Railway preferred, 5000; Union
Pacific 400: Union Pacific preferred,
800. tinted States Rubber, $500.
Bond Quotations.
Il. S. 2s. reg. 991sN. ]. c. gen. 5sl20
l. S. 3s. eg..... .10Sl2l Nor. Pac. lists. III
L. s. IS. coup. Joss Nor Pac. IS. 6693S4
L. S. II. As, reg -129S4 Nor. Pac: As .-l4
Il. S. OLD Is, reg1129s y. Y. c. x St l..
/. s. old As coull3l2 As. .I0e;2
rs reg ll2l. \. * W. con- IS 3tf4
nisfrict 2 .ll7I5 Ore Nav. 1sts.-.ul
1tchison Is l013s Ore. Nav. 4s....103
atch adj. is. SILIO S. L. 6s.. =, .l3lSs
IN So 2nds.lll 10. S l.. con. 5s .11112
4, q 4ILs.. $50 n & W. gen. 6sl3l
. e q 5s..flS%s Reading gen. As SIS
- & \ W. e. 7sl427s r. G. W. 1sts-.100
C & n. w. d. 5sl2lss st. H. * L. M c o
Chi. Term. As. .l0l 5s.; llo
D. & R. q. 1stsl051s St l.. * >. F.
D. & r. G. 4s.-lo2l2 gen. 6S- Ia
Erie gen. IS. 70&t St Paul .166
= w ~ d. lists IS St p. c. &, P. 1sl235s
1.ap Flee 5sllS St p c. & z. 5s1239s
= u <. s A. 6sIl4 So Railway 5s.l10Is
- n 4 s. A. 2sllilsi ST. r. & Tw. IS 81
II e. T {. as ll3 Tex q Pac. 1s..I5i2
II g. r C. con- Tex. * Pac. Is. 5ii2
g .........1 l2I5 L z. Is. ..l06i2
Iowa cent. lists ia Wab. lists. lib
h c p x @. is Go Wab. 2nds:- 80 yS52
/ & y. uni As 50 w. Shore As ..-.n4
NJ X & T. ends 65As Wis. CenE- It's telt
NJ. X. & T. 4s-... 9iSs Colo. So. IS -. y93s
\. Y. c. 1sts-...ll5l2l
Stock Quotations.