The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-08
Active Buying Movement Developed
In Railroads.
AN ADVANCE OF PRICES
CAUSES STIR IN OTHER POR-
TIoNS OF THE LIST.
Good Weather In Northwest, Weak
ness in Wheat Market and Brad
streets Report of Decrease In Eu-
ropean Wheat Stocks, Induced
Buying of Changers.

New York, July 7.-Sentiment on the
stock exchange favored lower prices dur
ing the greater part OF today's session,
but the feeling changed in the late deal
irgs and prices were brought well above
yesterdays level before the close. The
late strength originated in the south
western group OF railroads. Missouri Pa
cine Kansas & Texas preferred Wabash
preferred. Texas * Pacific and ST. Louis
southwestern preferred all rose between
ana points and aroused an active buy
ing movement IN the other portions Of the
INST 1t was notable. however that some
OF the stocks which have enjoyed the
largest share of attention recently fell
into comparative neglect when interest
began to be manifested in the southwest
ems. Toe grangers, however, after morn
ing declines averaging 2 point, were bid
W Wen above last nights close in the
late dealings. Good weather in the north
west and weakness in the wheat market
and Bradstreets decrease of $4,000
Dushels IN European wheat stocks were
the motives for the buying of the grang-
ers. Part of this buying was said to
cover shorts put out yesterday. Atchison
preferred LED the late market in point of
activity and strength, rising 2l5 points
above the early low point. Manhattan
showed independent strength before the
market generally had turned upward. The
STOCK rose 10 within shade of 10 but
reached about a point.
The upward movement in Pennsylvania
ana New York Central at the opening on
the published report of a plan TO CONSOLE
date did not hold the general market
though these two individual stocks main
tanned the advance in prices pretty well
Practically the maximum gain for them
was established in London before the
opening here. Pennsylvania was held
at iSo only momentarily and rated not far
from l31 all day. The early period of the
market was given over 10 continued liqui-
dation The Industrial specialties and
local traction stocks We're notably weak
The late strength of the southwesterns
were shaded by Chesapeake q Ohio. Cleve-
land {. c. q st. Louis, Tennessee Coal
money market helped on the late recovery
in values. The fears of dearer money in /
London gave away under the advance OF |
the Continental exchanges on London. |
The call rate dropped from 3 TO cents 4
in London, actual rates for sterling eX-
change fell 4 to nc in New York, call |
money was offered down to per cent in !
New York.
Railroad bonds We're only moderately !
active. and showed mixed changes. Total |
sales par value S3.3s5, 600. United States |
new IS advanced Il in the bid price
The total sales of stocks today were
SO, $50 shares, including: American Steel
& Wire, $500; American Sugar. 81 400:
American Tobacco. IA, 500; Anaconda 1900;
Atchison, il, 500; Atchison preferred, $500;
Brooklyn Transit, 1890; c. & o.. 223OO;
5.00O: c. i. & l., 500; Con. Tobacco. $3.50;
Federal Steel, 800; Manhattan. $1,000:
Met Lett 800; CON-, NJ X < a. T preferred.
Central, 1860; Northern Pacific, $500:
30,5O0; Peoples Gas of Chi
cago, $500; Rock Island, 2. 500; st. /. &
S, w, 800; st; L; & ST. w. preferred, g.
200; St. Paul. 800; Southern Pacific, A.
300: T. c. &, l., 20 800; Texas Pacific, 5000;
Union Pacific 1880: Union Pacific pre-
;erred, 400; United States Rubber, 5000.
Bond Quotations.
L. S. IS. reg. .101 M X. & T. ends. IS
T.. S. Is, reg. 1851 NJ. n & T. As. 90
L. 5. IS, cOuD.-.1O9 n. Y {. 1sts....ll2
L. S. n. Is, reg.-lS0 n. J. 9. gen. 5s.l2l
L. S n. As, couple Nor. Pac- lSts-.n3
L. S. old Is, reg -1l2lI Nor. Pac. IS. -. 6S
L. 5. old As coup. ll2I2 Nor Pac- Is. -.lCi
L. S. Is. reg 1l2l2 y. Y. c. q st. l..
L. s. IS, coup. .1l212 As ...-...-..-10lA
District 5 65s lib Nor. & West.
Atchison, 5 65s.. .1023s conSol As $500. %
: icbison, adj. Is SIS Nor d West.
Can. South. 2ds.1l1 gen. 6s ........l35
ches. & o. 4ks. 96 ore. Nav lists.
-hes. * Ohio -119S. Ore Nav. As --..lO2e=
6. & INVEST. o. 5. L. 6s ...:..1$l12
consol Is LII o. S. L. con. 5s.1l3l9
:. & INVEST 5. Reading gen. As. 50
L. deb. 5s......122l2 r. G. w. lists. 1884 ,
chi. Term. As 99sI st. L. & Iron NJ.
,. e r. G. 1sts.l06 cOnsol IS .....-.u2
D. & L. G. As. .lO09s 81. L. & San f.
East Tenn. Va gen. 6s ......-.1241s
& Ga. 1sts...--1G5$4 st. Paul cons. .16S
Erie gen. 4s..... 1885 St. p. e. * =.
'2 peh c MSrf istS sls St lsfS G p si2i
zen Elect 5s 119 So. Railway 5s. HOE /
!. II. & S. a. 6s.ll3 Standard Rope
;. II. & S. A & Irvine 6s....H
I Snad & Tex TEX Tex Pac is IDS So
Central 5s lib Union Pac As. .1053s
Iouston & Tex. Wabash lists ....1i71z s
Cent con. 6s-.110 Wabash 2nds ...l022l
4. Cent. lsts..-113 West Short Is lie o
< q. p & q. Wis. Cent. lists. 1864
lists e.. ......... 60I2 Colo. South. As. S93s Y
:. & y. Uni. As. 9gIE y