The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-14
Transactions Yesterday Again Ex-
ceeded Million Shares.
RECORD-BREAKING WEEK
BUSINESS EXCEEDS THAT OF
ANY SIMILAR PERIOD.
Prices Advanced Throughout the
List, While Some Stocks Made
Heavy Gains-London Bought and
Sold-Speculators Now Turning
Attention to the Cheaper Stocks.

New York, Jan. iS.-Stocks again made
further progress upward today and in
some cases the advances were consider
able. Transactions in stocks were over a
million. making the third million-share
day this week, while on the other two
days trading was but little short of the
million-share mark. Transactions so far
this week have exceeded those of any
similar period in the EXCHANGES history
London. in the early trading, was a pur-
CHASER, but subsequently the preponder-
ence OF arbitrage dealings were sales
Inere was an hour delay in transmiSSl on
OF cables and this largely restricted the
foreign transactions. Commission houses
ana TRADERS were both purchasers in the
general list. Interest frequently fiuctuated
from one stock TO another and when any
stock started upward, a following con-
ilnued the rise. The reduction in the float
ing supply in the prime dividend paying
stocks and their attendant higher level
led to renewed interest in the lower priced
stocks. There was large demand for
the standard stocks, the grangers and
New York Central leading. Burlington
Rock Island and St. Paul made the best
prices in years. Burlington made an ex-
IRENE gain of 25s on expectation that the
December statement would be very favor
able. This statement, however, is not
due for two weeks yet. Among the low
priced stocks WHICH were in keen, re
quest were the PacificS and Southern
Railway, which advanced l and ~ re-
spectively for the preferred and com
mon.
The greatest rise of the day was made
by New York Air Brake, with 10 points
The confident assertion that BROOKLYN
Transit had acquired control of the
Nassau electric railway resulted in an
extreme gain of "a for that stock, most
of which it retained. In the afternoon
the speculative leaders became dull for a
bit, but enormous purchases in the Pa
cities were accompanied by an increase of
business in the rest of the list. Profit
taking toward the end rendered some of
the stocks decidedly weak. while gen.
orally a good tone prevailed.
Bond prices generally moved upward /
with some unusually neglected shares |
iguring prominently in the market. Total |
sales, 4,650,000. United States As coupon
advanced Is and the registered, the IS and /
the old As coupon a in the bid price
Total sales of stocks today 1.033 400 !!
shares, including $50 Atchison, 2l2o I
Atchison preferred, $500 Central Pacific. {
preferred, 1850 L. & N, IS, O52 Manhattan. /
i 800 Reading preferred 49, loo Missouri /
Pacific, $500 NJ. X. & 7. preferred. 1880 /
Northern Pacific, 1880 Northern Pacific
preferred, Is 220 Reading, 1920 Rock
sland, 40, 22O Union Pacific. 81 .120 St. Paul,
$500 Southern Pacific, S. 400 Southern
3 400 Southern preferred 900 Texas &
Pacific, 1920 Union Pacific preferred
1850 Cotton Oil, 1920 American Spirits
800 Tobacco, % $40 Steel so. 200 Steel pre-
erred 10 270 Peoples Gas IS 400 Brooklyn
Rapid Transit $3.50 Lead, "a 100 Pacific
hail 40,250 Sugar 4.145 Leather, 5.420
leather preferred, $3.50 Western Union,
), $50 Chicago Great Western.