The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-01

New York. July 31.-There was num-
Der of depressing influences brought to
bear on the stock market today, and
prices opened lower. but later there was
"a rally and the close was strong. Con-
spicuous among the depressing influences
was the reported outbreak of yellow fever
at the Hampton tNa-) Soldiers Rome.
The group of railroads liable 10 suffer
from yellow fever epidemic and the re-
sulting quarantines. have been faVorites
in the recent speculation. especially on
the part of London. \ setback to them.
therefore. was calculated TO nave Iar-
reaching influence in the general list l..
* y. did, in fact, open down IA and the
y. * W stocks, ;. Southern Railway and
Chesapeake az Ohio railway We're also de-
pressed and ruled below Saturdays level
all day. only fully recovering N the late
The exhibit Of the associated banks in
the Saturdays statement also had some
unfaVorable influence n the early deal
3ngS. \ decrease OF nearly IZ,VyD tons IN
the east-bound shipments of freight from
Chicago, as compared with last week, mad
a rather haltIng effect on railroads. The
effect of these combined influences was
10 turn the tide of speculation at first
from the railroads into the indusJrials
The stocks of iron ana steel companies
were quite largely bought. but the earl
lest strength was confined to a few OF
them, Federal Steel, Tennessee Coal, Steel
& Wire and American Smelling being
the exceptions To the early strength.
Later the entire group was affected, gains
ranging from l TO 3D. the latter in
Pressed Steel Car. American Tin Plate.
American Hoop. American Car * Foundry
and American Smelling all shared in the
advance. The tobacco stocks We're strong
and Peoples Gas moved upward on the
declaration of the quarterly dividend.
There was early depression in Sugar on d.
report of additional competition IN pros
pect and when this stock rallied strong
rs from the low point, the last evidence
OF weakness was dissipated-
The strength and activity of railroad
stocks was much augmented in the late
dealings very heavy blocks being absorb
ed. There was continued buying OF South
ern Pacific and Central Pacific, which
gained about points each. Northern
Pacific, Union Pacific, Atchison preferred
and St. Louis and San Francisco first
preferred rose from l TO points. The
coalers were quite strong throughout and
IackaWann2 was conspicuous for an up
ward movement of 6lz points. Pittsburg.
c. Q. Q. * St. l. rose 5 points. Sterling
exchange was notably weak actual rates
dropping 14c and the posted rates &c.
There was an abundance OF commercial
bills in the market for future delivery
against exports and the bankers sold
short bills against these. This and the
continued bidding for commercial paper
on behalf of outside capital tended 10 re
lieVe anxiety on the money question.
There was considerable selling of the
bonds of southwestern railroads. which
lost something in price. Otherwise bond
sales. par value. S2.374,OoO. U. 5, IS and
IS coupon advanced Il in the bid price.
Bond Quotations.
L. S. Is re.......101 Louis. & Nash
I. ). IS reg. .l0sl4 L. Is ........... 1855
7. s. IS coup....lo9 N. X. & 7. 2nds 6s5S
I. S. new IS reg.12s NJ. X. & T. As. 9332
n. s. new Is y. Y. c. lsts.-..I
u e0" g. old Is \ \ = 7 S 7st gen 5s. I25
I. S old As y P. Gs..........103is
coupon -......-.Il$ y. Y.C. & St. L.
L. 5. 5s reg..-.-1ll7s IS ...............I 1913
L. 5. IS coup. .-l129s n. & w. con As 9lI5
Dist. , 65s.......1l9 n. q W. gen. IS. IS5
Atchison gen 4s-10l24 Ore. Nav. lists. .II2
Atchison adj. As S5Ss ore. Nav. .l0lla
Can. 5. 2nds...-.1l12. O. 5. /. 6s..1S2
{. * o. 4l2s....- ga o. S. /. con. 5s.ll22t
& * o. 9s.-.....n9 Reading gen. Is. 49,
& * y. con. IS. .l4o K. q. W. lists. 1872
- * y. 5. L. St. L. & l. NJ
deb. Us ..-.-.--l22i2 con. 5s.. -......1l4
Chi. Term. As. $3.50 St. L. & S. +.
j. * X. q. 1sts.10 gen. 6s ........l2pk
j. & r; c, As; 100 St. Paul 10
East. 7. Va. & St p. c & p.
Ga 1sts.--...--1G5 lists 121A
Erie gen. 4s...... 729s St =. g & p.
+. W. * d. G. 5s I12la
Gen. Elec. 5s....1is T. IS ...........S
q. II. * 5. \. s. Rail. 5s... 1922
IS ..-.....-......1l034 T. * =. 1sts.....I5
c. H * 5. A {. * S. 4s..-..... SS24
ends ............1u T. * P. ends. 55Is
II. x 7. q. 5S. .1le34 L. =. 4s.......... 1851
Ii. * T. c. con. Wabash 1sts....Il7
Is .......-.......ll2 Wabash ends. .l02I5
iowa c. 1sts..-..ll5 w. Shore 4s.....II4i9
X g p. & G. Wis. c. 1sts.. 76I5
lists .......-...-. 61$s