The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-02-05
GENERAL LIST LOWER
BANK STATEMENT THE CAUSE
OF THE SLUMP.
Showed a Small Decrease In the Sur
plus Reserve-Enormous Blocks
OF Stock Returned to America By
London-Business For the Week
Shows a Falling On.


London was a purchaser in this market
and the tone there for American securI
ties ended firm. Locally there was con
tinuance of purchases by large interest:
noted yesterday and round amounts o.
short contracts We're covered ConIloen
buying OF hign-prlced socks, lncluulils
New York Central, and Pennsylvanla
gave strength To- the rest OF the llSt- Il
was announced that New York Contra
was 10 operate the West Shore rdllroaC
more directly, and that separate Or
ganiZatOn would be maintained only as
Tar as the West Shore was concerned
Among the other stocks showing Streng ~
on the rise were Wheeling q Lake Erie
preferred, Northwest, RIO GrdnQe " est
ern preferred Denver preferred, Canada
Southern. -. c., &. a 81. l., and South
western preferred, which rose from one
TO two points. Metropoillah stuS d 49,
nine points, Of which II retainer IlNti
Third Avenue jumped 1lla, Of when IL
lost ~. and Consolidated Gas and Brook-
lyn Union Gas retained 81 and ~. re-
spectiveiy, of large advances. In eXpla-
nation OF the strength OF these STOCKS IL
was said that METROPOLITAN was 10 aD-
sorb Third Avenue. This, however, Was
denied, and the purchases OF MetropolIdll
were said TO be based on results expected
from the operation of extensions, ABOUT
completed The strength OF the Gas
stocks was on a continuation OF cOnsollda-
ton talk. Great Northern preferred heid
seven points of an even greater rise, on
intimatiOns of a possible distribution OF
assets TO stockholders international Oil
yer gained 3$s on the day. Lake Erie d
Weslern dropped SIX points, on being
RELOCATED to the non-diVidend paying
ranks. but recovered more than half OF
the loss. The common stocks showed
sympathetic weakness early, but recover
ed, and ended with a fractional advance
In the reaction ensuing on the appear
ance of the bank statement, especial
akness was shown by Manhattan, New
York Central, Reading first preferred, the
grangers, Pennsylvania, Northern Paclfic,
Missouri Pacific, Southern Pacific, AJchi-
son preferred, Federal Steel, Brooklyn
Transit and Sugar. The bank statement
which affected sentiment adversely, was
a surprise in several respects
Trading in stocks for the week left
prices lower for the more prominent
shares The volume Of business was con-
tracted, compared with the large dealings
OF late, but were still much greater than
at this time in other years.
Money continued in abundant supply,
and railway reports We're generally graf
flying. The most important net declines
for the week were: New York Air Brake,
~ L. Z. x "; preferred, "a; heading
IlrSt preferred, 3, but there were many
smaller declines in active stocks, which
shown the tendency 10 have been down
ward Advances in excess of five points
were: Great Northern preferred, 1872;
metropolitan Street Railway, IA; CONSOLE
dated Gas. 1885: y. y. y. II. & II. Il;
Burlington, Cedar Rapids X Northern, 10;
brooklyn UTHun Gas, SIS; Great Northern,
50; Third Avenue, ~; Chicago q Alton.
g. and International Silver, 5ss. Denver
* Rio Grande, Mobile * Ohio, Pullman
Terred. also made handsome advances.
The Grangers showed losses ranging from
over point 10 3ss, which was Burlins
ton decline. Losses were quite general
among the cOalers and industri3is.
Business. in BONDS during the week was
on nominal basis, with Il good under
tone u >. IS advanced q. and the Is.
reglstered, Is. The new Is declined Is in
the bid price.
Total sales of stocks TO-DAY Were assoc
whose whereabouts have been a shares
shares. including: Atchison, 1900: Atcai-
son preferred, 1880; Canada Southern. s.
3lO; Central Pacific. $500; c. * o., 1856;
Burlington. 1906; -. g.. 9. * ST. l.. 3
ga; D. q r. G., I.2l5; Manhattan. y IL;
Metropolitan Street Railway, 1S.7Su; New
York entral 2l,556; Northern Pacific. To-
II; Northern Pacific preferred. 4Slj; Rock
Island. APO; St. L. d S. Z. preferred B.
O6Oi Lnon Pacific, u420; Union Pacific
preferred. 1880; ST. Paul, IS 10; Southern
Paci1iei $40; Southern Pacific preferred.
$50: Paper Gil; Tobacco 800: Steel,
1899; Steel preferred, $50; Peoples Gas.
S.255; Cousolidc ted Gas. $62j; Pacific Mail
1920; Sugar. 1850; Chicago Great Vest
4. c. & J., $50.
BOND QUOTATIONS.
Z. T. ss-~-.-....-l0l y. J. c. 5s......115i5
= ;; new Is res.l-s;s y j. lsts..-.-...ll5l2
q con p ne" IS \ % ,s..., ssit
L. 5. 4s-....-....ll2I2 y. y. c. K St. /.
I. 5. IS cOup....1l3ig Is .............. ll7it |
L. ;. 2nds..-.... % Nor. 4 W 6s.l29
O o.
L. 5. 4s couD-...ll2ls INVEST debs 5s .122
Dist. e5s........1l7Ia O. Nav. lsts....l1
AtchisOn Is ....-10l3s o. Nav. 4s.......10215
Atchison adj Is. S5@s Q. 5. /. Is [. r...l29
Can $. 2uds.....1ll5a o. S. L. 5s L r.11lss /
Chi, Term. As. $ r c. ". Ists.... So
c. II. K D. 45zs. .lO49s Con 5s.........ll1It I
D. & R. c. lists. .l0sl4 ST l. & $ r
D. ( r. G. Is. 1905 Gen 6s.........123 /
East Cen Tenn . is'si2i$ t S. S. p jfS
+. w * ID. lists s.. p c.. d p. s.l21IA /
t. ?. ....-....... S512 So. Ry 5s........IO6
Gen. Elec. IS. iii Standard r. <
G. II. x ;. A. 6s.ly3 T. Gs............ SgIs Z
G. H d. ;. a. T. p re-. ends. 4SI-
2nds .........-..l10ia L. j. ss........ 1915 q
IL Il r c. 5s..-.ll0 L. p. 5s..........l047s
Is ..............l10 lists .......... Sq7s
Iowa {. 1sts.----lo2i2 Nab- list 5s......1l5
/ q y L IS s5 Nab- 2ods-..-..- gfIa
Pac. Con s--llti3 w shore is.....lf2is
NJ X * T. 2nds 81 Wis Cent Isis 81
n X * T. is. 1875 Colo. $ 4s..... S5I4
y. y. {. lsts.-.-I1i=
STOCK QUOTATIONS.
Atchison .----.-. Obj. st. L. q S. F.. 1s
Preferred ....-. 6lisl Preferred 1900. -
Bal. 4 Ohio u Second pfC..... 4l1s .
Can. Pacific zee SO 81. J.. IL $ w. lOl.
Can. Southern o. cos Preferred ...... 27.g
Cent. Pacific SIS st. Paul ..-.......l 272s I
Ches. x Ohio. 2ts' Preferred IDS
Chi * AltOn....ll3 s.. 7. X o.. 932i f
c. =. * Q---.---134's Preferred ......I70
Chi. d T. HIS b0-- So. Hallway zee. 1875
Preferred ......ll6 Preferred .... 50is
Z. &. W. lbts Tex * Pac...... 2Dl7
Chi Ind * L.. mon Pacific. 47i4
Preferred $500 y Preferred ...... 81.
c. K y W-------liNSi u +. ID. 4 c.. I2at
Preferred ------lSy ~ aDdSh .-.....-.
9. {. c & St Preferred ...... DPS
L .---.---..--... 69 w. * l.. E.. 49,
Preferred $500 s'l2 Preferred ...... 3iis
Del. x Hudson -ll254 Adams EX.......I08
D. J. q W---..-.l55 American EX.-..I42
D. d r. c.. 33S. United States. Is
Preferred 1900. lJl2 " els Fargo ....125
Erie new --.-- l53s Am Cot Oil .... IS
First pfd......- sos Preferred 800. -
Fort Wayne lis Am. Spirits zoe. 49,
St y pfd-------le3 Preferred .--.-. 36is
Hooking VAIL. Is Am Tobacco 44la
Illinois Cent.----ll3@s Preferred ......I26
lake f q W.. - Con. Gas ........20fIk
Preferred $500. 53lt Com. Gable CO..Ie0
lake Shore. .2J0la Colo. +. & L. -
-,oufs. 4 Nash. 657s Preferred - 93
Manhattan L.-.-lll14 Gen. Electric....IllIA
Net. St. Ry.-.-- ~ EaW- Com. Co.. 70H
Mich Cent...---ll5 =. r. r. Co.. e2iS
u & St. L.. 45ai Int Paper 800. 63s,
First pfd....--- IS Preferred .. %
Mobile & Ohio. 81 Lead ........... a7is
N. X & t.. IL. Preferred lib
Preferred -.---. 3l5s Fed Steel Co.. 50is
:. ]. Central. 100 Preferred -. 81
!. Y. c. & St l. l5i2 Pacific Mail go. SIS
first pfd....-.. = Peoples Gas .llSis I
Second pfd...-- 81 Pullman Pal l5Sl5 I
lor. West; $500 1919 Silver Cert. -. 59l5
10 Am. CO. IS Standard r. d
90. Pacific 800. DIS T. ...-........... 90.
Preferred ...... 500 Sugar -...-.......1S 1875
ontario & W. 22is Preferred ......1l2is
J. r < NJ. IS q. G. q I...-.... 81
! s. L........... Y L. S. Leather 80 ~ :
pacific Coast 1st Preferred ....75 .
MD ...-.......S s. L. S. Leather. 81
Second pfd...,. 80 Preferred ......116
'ittsburg .......lSe Western Union. 95lk
seading ......--. 2l5s Ore. Nav. Dfd. "a
First pfd......- co.'s Pacific Coast. 4 ;
8. W. ~ Colo. Southern. "a ]
Preferred 49, l6iE First pfd....... 55ls
sock Island .-.-lll% Second pfd....- p
0. Pacific ---.-- zO%