Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-12-16
WALL STREET MARKET.

New York. Dec. 15.-Flve minutes Of
active trading on the stock exchange
today demonstrated that the
market was too hallowed TO
that the market was too hailowed to
run into unopposed demonstration
Running sales at the opening showed
quotations far apart. Extreme declines
in the internationally listed stocks ran
up to 2l5 points, in sympathy with the
decentralization caused on the London
stock exchange by the unexpected dis
aster 10 Cen. Butler In South Africa
But soon after the opening transactions.
the prices quoted were on a scale up
wards the recovery Of TO points be-
ing almost instantaneous. The lead
ing industrials and specialties were
greater sufferers than the railroad
stocks dealt In on the London exchange
The extreme decline in this group
reached five points.
In the general list the fall In prices
was not excessive. Sales for London ac-
count were on large scale, especially
as the rally lifted prices above the Lon
den parity, still there was an inviting
profit In selling stock here that had
been bought on the slump In London.
tended by considerable excitement and.
indeed, the Wall street districts showed
unwonted signs Of activity before the
stock market opened. The news In the
morning papers OF Gen. Buffers reverse
brought brokers and stock operators
early on the ground 10 make prepara-
lions for the demands upon them.
Many did not walt for the opening Of
the New York exchange but cabled buy
ing orders to London. thus helping on
the rally there before the trading be-
gan in New York. The vigorous sup
port by distribution OF large buying or
ders through the principal portions Of
the list was thus made effective and the
market moved upwards almost from
the opening. The recovery caused a
pause In the rush TO llquidate and the
market became quiet and lost all APP
pearance Of excitement.
The quiet OF the market proved a
short-liyed affair and gave way to an
active resumption Of the selling move
ment on the receipts Of belated selling
orders from London. The list crumbled
by degrees until the whole market sue
cumbed TO decentralization. Losses We're
particularly marked in New York Cen
trail. Louisville and the grangers. The
Industrial suffered acutely. Metropoi-
tan dropped an extreme 3 points Dis
appointment over the small loan con-
traction shown by the bank statement
and renewed apprehension over the sit
uatlon In Boston, had to do with the
decline. The net losses ran up all the
way from TO points in the principal
active stocks. and no attempt at sup
port was apparent except for hasty COW
ering by shorts in few stocks, which
caused sharp rallies. In most Instances
the last prices were the lowest OF the
week and In some cases Of the year.
MONEY AND BONDS.
Money on call easier at per cent.
Prime mercantile paper 5G6 per cent.
Sterling exchange steady with actual
business In bankers bills at 4S7ihd&
Tor demand and at 4Slh0A for 50 days.
Posted rates 4S2i9 and 4SSis.
Commercial bills 4Sl.
Silver certihcates-59Gh
Bar silver-59%.
Mexican dollars-47ls.
State bonds inactive.
Government bonds steady; 2s regular
10l; IS regular l.09%; 3s coupon 1.09X
new Is regular 1.S3& new is coupon
1854; old Is regular llSss; old Is cou-
pom llils IS regular 1l2A; Is coupon
l.l2A.