The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-09

market centered about the bank state
ment, which, on its appearance received
a varied Interpretation. The first impress
sion seemed favorable, as prices rose al
a lively rate, but full analysis of the
statement appeared less optimistic to
some. realizing set in leaving the market
weak at the end and irreSularly changed
on the day. The speculation was charac-
terized all day by feverishness and irreg-
ularity. After an early show of strength
weakness appeared and some stocks lost
3 per cent. After the shaking out of many
spectators yesterday the nervousness to-
day may be considered natural Some
fortunate purchasers at Yesterdays low
level accepted handsome profits today,
while certain brokers who had sold too
hastily yesterday on receiving increased
margins from customers bought back
stocks sold. There was a dribbling of
standard stocks that their owners might
protect highly. speculative ventures The
impairment of some large speculative
holdings owing to the markets action
yesterday induced Tightening of loans on
the rise today.
ate margins paid the penalty of over
speculation this week, and their paper
profits were quickly wiped out, as well as
the principal invested. The market. after
emily with the idea of liquidating the
stocks held by large interests became
top-heaYy. and sagged violently toward
the end of the week with a partial re
covery, leaving losses in the entire list
except a few unimportant properties.
The net losses in the standard railways
in the specialties the losses We're in all
cases considerable, the largest decline be
ing Metropolitan. 1872; Brooklyn Transit,
15la; Federal Steel. and Consolidated Gas
over u each: Sugar. 111s: Air Brake, 10;
Manhattan. So: Third avenue 5.
Stocks of this class swept over a wide
radius. the range OF the stocks Whlch
fuctuated most widely included Metro
ar-11i ah a
points below the highest: Brooklyn Tran
sit, 30; Sugar 21lA; Manhattan, ~ Ihlrd
Avenue. 20: Federal Steel and Peoples
Gas and international Paper well up In
the teens.
The greater part of these violent dips
occurred in the first hour. and half on
Friday. when the industrial panic quickly
swept out the marginal holdings OF specu-
lators all over the country While the
stringency in the money market was the
principal cause of uneasiness. the dls-
elimination against industrials when ITS
full scope became understood. with the
immediate cause of the shaking OF con-
fidence. A number of commission houses
decided to insist on purchases of lnduslIl II
stocks being either made outright or that
margins be increased largely. even %
per cent being eXacted. ThuS many
specialties held through the rise had 10
be thrown over. Aside from the money
situation and unfavorable advices. the
developments were generally favorable
Most of the weeks railway earnings
were good and there was an increase lol
the week OF over 80 per cent in the clear
ings of all the banks. partly attrlput-
able to the extraordinary way OF Specu-
lation. The dealings for the week were
not far from 6000 900 shares.
The bond market followed the variations
in stocks rather closely this week, but
net losses We're not. asa rule, Important.
L. S new Is coupon advanced &; U >
new As registered. the IS and the old Is
coupon. q. and the old As registered 2 IN
the bid price.
The total sales Of stocks today We're
3SS. 400 shares including Atchison pre-
ferred. 1402S; Burlington, 13.WO; Manhat-
tan. 1850: Metropolitan. $50; missouri
Pacific. lA,15O; Northern Pacific 23I5;
Rock Island 5.3l5: Union Pacific, o.tO;
Union Pacific preferred. 6.SS5; St, Paul.
"a 235; American Steel & Wire. lS,sbS: red
praI steel. $4,000: Federal Steel preferred.
~. 400; Peoples Gas, SIS; BROOKLYN iran
Sugar 1860; Tennessee Coal IRON
l2q0: Leather preferred, 1880; Rubber,
$500: St. Louis & Southwestern preferred,
i15O; Chicago Great Western, o'9V1-
BOND QUOTATIONS.
L s IS 49,. 1OSIs Do. As ........1 O2Ss
L. S. n. As, reg..1soj+ n. Y. c. & st.
Do, coup ......1SOA L. As -: l95&
L. S. Is ........11S Nor. & w. 6s.- lS0
Do soup .-''n d, w Wes do,( cons "a i5S
DO. IS eoup....ll4 Q. Nay. IS -. l l9l5
District 3 65s....117 Q. $ i. Is, I. r.I7Sl2
Do. adj. As 80. IS Reading As 800. ssh
Can. So. IDS ....llO r. G. W. lists. 81
3; & Q. 4las q St Louis 99d & IT. ,osa.
c. & Ohio IS ..ISl2 St. L. & San F..
c II & d. 414s 1885 Gen. is -.....-123
D. 6, r. G. lists 1851 St 7. Con, .l6Sl2
u. d r. @. 4s...101 St. Paul c. x Z.
East Tenn. lstsl05 lists .-.-....-l2l12
Erie Gen. is. = DO. Is .--....--l-l14
F, W. 4 D, lists. COS, 8. BY BY, 5s son ;lo0
Gen. Elec. IS fl5la * Irvine Is =. 30
G. II. & S. A. SSH Tex. Pac. l. Go,
DO; 2 q 5sils p i56s Rig. IDS SIS 5$
Do. con. is ....ll0 Union Pac. IS ..1o5
Iva. c. lists 49, l0Sl5 L. z. d. & G.
la. new con. As 1898 lists ......... p
!. * y. Uni. IS. 96la Wab. 1st 5s .....ll6
n II. K. & T. 2ds.. SIS W. Shore Is nj
10 Is - a3s. Va. Centuries e. S4ls
n Y. Cent. lists. 1lll5 DO. deferred =. 81
n J. c. Is ...1lSl2 Wis. Cent. lists. 67A
No. Pac. lists ..llS19 Colo. South. As. So
DO. IS $1,000. g.
STOCK QUOTATIONS.
Atehison 81 First Pfd ia - 2 q
can. Pac. -. S54 Preferred 49,. 92i&
Can. South. 5.12 St. Paul $3.50. 1865
Cent. Pac. $50. 5lss Preferred .l6912
Ches. & Ohio, z6l2 ST. P; 6. ON. 20
Chi. Is. * Q.....l4lA So. Pac. SS1a
Chi. d Z. H.. - So. Railway 49, l2l4
Preferred .....121 Preferred 49,. 5O%
Chi. Ind. x L.. So Union Pac. 49,. 46%
Preferred -. 43la Preferred -. 1912
Chi. & n W....159 I. p. D. & c.. Y
C. c. G. q St. L. 90 Preferred - 2314
Preferred ..... 9694 Wheel * L. E. lbs
Del. & Hudson. .li7l2 Preferred go. %
Del. l. d VITO Adams Elk. -..---ll0 --
D * r c.. 212z American Elk. ..1iO
Preferred -. ia United States =. 50
Erie (aew) 49,. 1875 Wells Fargo ....125
FIRST pfd ..... 3Tl2 A. Cot. Oil ...... SO
TT. Wayne .....1S4 Preferred 800. 90
Ct Nor. pfd.....l91 ANN Spirits -. Il
Hooking val . So Preferred $50. 59lt
Illinois Cert. .llia. Am. Tobacco ...22l
Lake Erie & ". 1872 Preferred .....140
Preferred 49,. 6Gi2 Cons. Gas ......la3
Lake shore 200 Com. Gable Co. 50
Louis. d Nash. 6i15 Col. +. * Iron. 352t
Manhattan l.. ..ll6l2l Preferred ..... 30
Met. ST. Ry.....247 Gen. Elec. .1l4A
Mich. Cent. .....1l4 .Haw. Coml Co.. so
MINI. * St. L.. 50is Federal Steel =. COS
First pfd 49,. IS Preferred ....- a
Noble Moi Ia Ohio. g Preferred '0i 50 S
Mo. X. az t.. 1872 Laclede Gas .... "a
Preferred 49,. 3yss Lead ......... 35A
n. J. Cent. ......llS54 Preferred .... 1l2la
n. Y. Cent. .....13Sh ANN Steel &
n; y. Chi. & St. Wire Co; 80. 62lA
First pfd ...... 6 Nat. Lin. Oil :. AZ
Second pfd -. 81 Pac Mail ....... 49St
Nor. West ...... IS Peoples Gas ....1l9l5
No. Amer. Co.. gSl Pullman Pal. ...1G0
No. Pac. ........ Sis Silver Cert. -. 60
Preferred 800. 1855 Standard Rope
Ontario q w. e. 262t * Irvine 49,. 10
o. II. d n. 800. 40 Sugar =. ........ l5S2i
Preferred $50. 20 Preferred ..... 70
ore. Shore Line. 4l&.tU 5. Rubber ... 54A
Pac. Coast 1st Preferred 80. .1l6I2
pfd -. .......... 81 West. Union -. g315
Second pfd .... 80 b. r. T. Co. .llSSs
Pittsburg o.. ....1Si Pac. Coast 49,. 40
Reading .. ,..... 23is Colo. South. -. 6lk
First pfd ...... 90 First pfd 49,. 80
r. G. w. ....... IS Second pfd -. 20Ik
Preferred 80. IS Cont. Tobacco. 54i4
s.. Louis q S. T. ia First pfd 800. Sc
NEW YORK MINING STOCKS.
Chollar =. 800. 80 Ontario =. 800. 30
Crown Point -. 20 Ophir . ........ 90
Con. Cal. & Va ! "a Plymouth e.. 49, 10