The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-02-08
Professional Traders Think It Time
to Sell.
BEARS WERE IN CONTROL
MARKET WAS FEVERISH AND
SEMI-STAGNANT.
Ratification of the Peace Treaty Had
Depressing Effect Upon Specula-
tion-Constant Hammering By
the Bears Induced Litigation
Bonds Lower.

New York, Feb. 7.-Stock prices re-
| coded today, with an average loss of l
to points, which was exceeded in a num-
Der of instances. The ratification of the
peace treaty by the senate induced pur-
chases from London. There was less
enthusiasm locally, and after an initial
rise from fractions to point and over in
many cases traders We're free sellers in
anticipation of a reaction. When it be-
came evident that prices Were not hold
ing, commission houssse were free sell
lers. Prices receded rapidly in some in
stances and were presently at practically
last nights closing. The purchases for
to anticipating the fortnightly settlement,
together with covering by the shorts, rail-
lied the market. Washington houses
were large purchasers, While chicago
houses sold. The market became feHerish
and Semi-StaSnant. The constant ham
mering by bear traders forced many
STOCKS 10 point Wnere Aquldatlon was
] induced, which made the lowest prices.
There was talk that most of the selling
was in the interest of a bear clique, said
TO have been formed yesterday The fact
that the room traders acted often in uni
son was the only support found for the
story. From the highest there were re-
actions from 10 points. Among the
weakest features were General Electric
tan, Great Northern preferred, Pennsyl-
vania the Paci1icS the Grangers the
Readings and some minor indusJrials.
The pressure against stocks was mostly
professional, and there was no unfaVOr-
able development in the news that at
racted attention.
Considerable weakness was manifest in
certain quarters of the bond market but
prices generally were lower in sympathy
with stocks. Total sales, S5,34O,CJO. u. 3.
new is declined Is in the bid price
fn1 col z we
1850 shares, lnclUding $3.50 Auchisoi,
q, go Atchison preferred, $3.50 Central
Pacific, II, go c. q o., 2,S30 burlington
4,5S0 g. c. G. * st. L., 1890 D. x r. G.,
3,540 Great Northern preferred, 1895 i. *
N. Il, $50 Manhattan, LILO Met. ST. Ry.,
1850 Reading preferred, S54O missouri
New York Central, 40 800 MOI thern Pacific,
$40 Northern Pacific preferred, $500
Rock Island, Is, 1l5 Union Pacific, %, so St
Paul, S225 Southern Pacific, 1850 South
Union Pacific preferred, 300 Cotton Oil,
II, $40 Tobacco IS, 10 Steel, 10,620 Steel pre-
ferred, 126S0 Peoples Gas, 1910 Con-
solidated Gas. $500 Brooklyn Rapid Tran
sit, I7,Sl0 Pacific Mail. 26,553 Sugar, $3.50
T. c. & l.. $500 Leather preferred, $50
Rubber. 400 ST. l.. & S. w, Il. 49, St. l..
& S. w. preferred, 1885 Chicago Great
Western.
BOND QUOTATIONS.
L. S. IS ........1O.A No. PSc. lists. .1l5lE
u: s. n. Is reg.l3s5l Do. IS ---..-.-.6S
Do coup .....12S.s Do. As .......-.103
L. s. As =. ......l1Z%l n. Y. c. & St
Do. IDS ....... 9 invest; cons. ~
u. S. 5s reg. ....1l2l5 Do. deb. 5s....l22
Do. 5s coup ..1l2l2 o. Nav. 1sts-.-.1ll
District 65s....1lS o. Nav. As ....l02
DO adj. Is =. r294 o. 5. L. 5s, t. r.11lA
Can. So. IDS ....1lll4 Reading IS -. S6s4
c. & o. 4l2s go. SOS r. G. w. lists. 9Sl3
.. & Ohio IS ..1iSl4 NJ. Con. 5s.....1n
c. H & d. 41hs.1Oi9s ST. l.. x San T.
D. * r. O. 1sts1OSA Gen. 6S ...-123ls
D. & r. G. Is lois St +. Con-. 1929
Erie Gen IS .....l1212 lists .---.--Il9
t. r. -. -. S51a So. Ry. IS 1861
G. H. & S. a. 6s.lO9 & Irvine IS :. S6l4
Do. DDS lilo Tex. Pac. l.. G.
Il Do &C con. 6s...iiS Do. Re. IDS -. 45ls
Iva. c. ..lO914 Union Pac. ..1O4A
L. & \. Uni. As. SO L; P. d. & c.
Pac. Con. 6s... .114 lists e. ......... 80
NJ. X. & T. DDS. 65al Wab. 1st. 5s....1151ll
N. Y. Cent. ists.1i7ls W. Shore As ....1123s
Nor. & W. 6s...l2S Colo. South. IS. S6i3
NEW YORK CLOSING STOCKS.
Atchison :. go. 2l&4 r; G., W. ;..--... ~
Bait & Ohio. GS St. L. * S. W.. 1915
Can. Pac. 1900. S6A Preferred $50. 2STs
Can. South. 5S$4 St. Paul ;.......125Sl
Cent. Pac 800. 501a Preferred .....167la
Ches. * Ohio. ISIS St. p. K Om-... 90
Chi. q Alton LIZ Preferred .....11O
Chi. 3. IL O.. 1855 So Pac. ..-..... SSss
Chi. & Z. ILL.,. 66 So. Railway -. 623s
Preferred .....1171s Preferred ..... 1915
Chi. g. W.. ISIS Tex. * Pac...... 20la
Chi. Ind. * L.. 81 Union Pac. 1914
Preferred 49,. IS Preferred 49,. 1885
Chi. & N. W...1l715lU. P. d. * G.. 122s
Preferred .....196 Wabash =. 49,. rs
c. c. C. q S. l.. $50 Preferred -. 222s
Preferred $50. "a Wheel. & L. +. ia
Del. q HudsOn-111 Preferred 49,. 1872
Del. L. & W...15I14 Adams Elk. los
d. & R. q. go. 21a American Elk. ..140
Preferred 49,. 1875 United States =. 90
Erie new 80. 745s Wells Fargo ...125
Fist pfd .--... 80 a. Cot. Oil 49,. 30
Ft. Wayne lis Preferred ..... 90&
CT. Nor pfd ...1S212 Amin Spirits. -. %
Hooking Val. e. p Preferred ..... S5l4
Illinois Cent. -.1l5A Am. Tobacco ..1f0 |
Lake Erie & W. II Preferred lib
Preferred 49,. 81 Cons Gas .-----2O5A |
Lake Shore .30OI5l Com Cable Co. $50
Louis. * Nash. 90 ICol. F. & Iron. 31Is j
Manhattan l.. iii Preferred 49,. 30
Met. st. Ry. ..230$s Gen. Elec. ..1061a
Mich. Cent. LIZ Haw- Com1 Co. 20
Mimi. 81 St. l.. "A b r. T. ....... S91s
First pfd 49,. IS Int'nl Paper -. 614
Mo. Pac. $500. A Preferred ..... 90
Mobile & Ohio. 40 Laclede Gas -. 5S1.
Mo. X. & t.. 1872 Lead =. ........ 36
Preferred 49,. 31l4 Preferred -....u3H
\. J. Cent. ..... 90 Nat. Lin. OIL.
\. Y. Cent. ....136 Pac. Mail $3.50. 52l4
\: Y. Chi * st. Peoples Gas ..-112l2
L. $1,000. 1424 Pullman Pal. LES
First pfd -...-. T. Silver Cert. 80. 59is /
Second pfd -. 30 Standard Rope
Nor. West go. 17l5 & Irvine 49,. 9is 1
No. Amer. Co... rs Sugar =. 1908. I
No. Pac. -. 81 Preferred Ills. /
Preferred 49,. 1875 T. C. & Iron.... 40Ia /
Ontario * w.. pig L. s. Leather. 67s
,. r. & NJ. 40 Preferred 49,. ne
}. S. L. ........ ~ L. s Rubber :. 1872
9acc., Coast LIST Preferred Ito
pfd :. ..........S6 West. Union -. 49,
Second pfd -. g Fed. .Steel, 49,. As
....1S0 Preferred -. S5ls
Reading :. 49,. 20Ss Ore. Nav. pfd.. 70
First pfd ...... 511s Pac Coast $500 4S1.
Rock Island ...116 Colo. South. &c. "a
St: L. & s. F.. I2A First pfd 80. IA
Second pfd =. Il
NEW YIRK MINING STOCKS.
,hollar =. ...... q Ontario E. $500. . 30
'rOwn Point -. Is Ophir e. 5000. so
con. Cal. * Va l SO Plymouth e. -. 10
)eadwood e. -. 50QuickSilver -. 1 80
iOuld q Curry. 81 Preferred -. . %
Hale & NorcrosS y Sierra New. ..... 50
4omeStake 49,. 80 0CiStandard O.. 80. 20
ron Silver .... 7S,Union Con. ..... 40
Mexican =. .-.... 59lY Yellow Jacket =. Il
SAN FRANCISCO MINING STOCKS
San Francisco. Feb THE official
losing quotations for mining socks to-
lay were as follows:
Ata .-.-----.- hentuck Con- 10
ANDES .-.--.-.. 10 Mexican ~
3elcher :. $3.50. IS Occidental Con-. 81
Sent0n Con- 10 Ophlr ~
Best 81 Belcher. so Overman :. 500.
Bullion =. -..... 4PotoSi 20
caledonia 81 Savage Y
Con-. 16 Scorpion e. -...-
'hollar e. $500. 80 Sag Belcher ....
confidence :. -. 63 Sierra New. ..-.. 81
,on. Cal. & Va. 50 Standard -. %
'rown Point - Union Con. 80. 40
iould & Curry. 3SIUtah Con. :. -. is