The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-07
DAMAGE TO THE CROPS
Reports From Wheat Districts Al
feet New York Stocks.
LOSSES IN RAILROADS
THE WEAKNESS OF CHANGERS
ESPECIALLY NOTABLE.
Continued Firmness of Money
Sharp Upward Movement In In
dustrial Specialties, Sugar Being
Most Prominent-Bonds Showed
Decreased Activity.

New York, July 6.-The market for
stocks was reactionary today. The last
prices Of many stocks were the lowest.
and net losses for prominent shares i'll the
list averaged N per cent. These include
the great trunk lines Pennsylvania and
New York Central and also the grangers.
There were many spasmodic advances in
q number of industrial speciaities. but
these were not held. the last prices show
ing reactions of between 15kG2 points.
Realizing sales were in. evidence from the
opening, but were well absorbed in a very
active market business continuing of
large proportions pretty well up to noon.
me weakness of the grangers was eS-
pecially notable and was undoubtedly
associated with the reports of too heavy
rains in the northwest and of consequent
damage TO the spring wheat crop. The
firmness in wheat was coincident. The
damage in the southwest by floods was
also depressing influence to less ex-
tent Undoubtedly there was q large short
interest closed out yesterday, and today's
market lacked that sustaining force. But
the most potent influence towards reac-
ton was the continued firmness of money.
The promised abundance of funds to flow
into New York from July disbursements
of dividends and interest did not develop,
and interior exchanges continued to run
against New York. The rate for call
money held near per cent all day. y
stiffening in the London market also
caused some uneasinesS less II might lead
10 a renewal OF Oll CA1DOItS-
The prevalent weakness of railroad
stocks was in contrast to a sharp upward
movement in a number of industrial spe-
cialties, Sugar being most prominent.
Strength was also shown by the tobacco
stocks, Steel & Wire, lin Plate, tennessee
Coal q Iron. Anaconda Manhattan, Rub
Der, Leather preferred and Cotton OIL IN
the outside market, Amalgamated Copper
was strong. selling at 1855. All of the spe
cialties. however, showed reactions in the
Bonds showed decreased activity and
price changes Were mixed Total shares
par value. s., 5S5 Coo L. S. SIS and new IS
advanced Il and the 5S Il in the bid price.
The old As registered declined +.
The total sales of stocks today amount
ed to 525, 81 shares, including: American
Cotton Oil. s. 700; American Steel x Wire,
2 700: American Sugar. $500; American
Tobacco. p. 900; Anaconda, 1000; Atchlson,
$500; Atchison preferred. 5000; Brooklyn
Transit 81 300; Burlington, $500; Cont
mental Tobacco, 1900; Federal Steel; To-
200: Louisville & Nashville, p, 100; Man
haitian. 1900; Mexican Central, 400; MIS-
souri, Pacific, 500; New York Central.
:. 900: Northern Pacific. 1900; Pennsylva-
MIA IA 500; Peoples Gas, $500; Reading lst
preferred 7,400; Rock Island, $3.50; ST
Paul 80 coo: Tennessee Coal * Iron. L. 400;
Union Pacific. $500; Union Pacific prefer
red 1000: L. S. Leather preferred 1880;
L. s. Rubber, $500; Western Union, 500
Bond Quotations.
L. s. IS reg......1O1 NJ K. & T. DDS. 6Ia4
II s IS req. 1854 \. Y {. lists .---ll212
Il. 5. IS cou.-ly54s NJ ~ q 1. ~ 80, 80
L S. new As reg -12sfl n j. Z. gen oS- -Ii9S4
L. s. new As -1294 Nor Fac ISIS LID
L. S old As reg .1l2li Nor. Pac- 3s--- us
T. 5. old As cou-1l21a Nor. rae, IS: -lot
L. 5. as reg. 1l2l2 n :C;SSS.L- IS. w
L. S. 5s cou.. 1l21A y. & w. con As. 924
District 3 65s...II9 n. * w. gen 6s. lS5
Atchison gen 4s.l02 1Ore- Nav lists IL IL,
Atchison adj As. S51siOre. Nav; 4s-.--io524
Can. SO. 2ds.....11l O 5 i. 5s--..--IS5
q &. q 41ss % 10. S. l.. con 5s. .1l3i2
- 4 q 5s 1888 ding Gen. As Sgia
\ ". con 1853 R. q. w. lists. 100
N w. deb 5s., .l2f3a S.L-&IM. en- 9s-1d554
Chic Ter 4s.-...l00 Sins r gn 6s.1A-
n & r G lists lO6 ST. Paul consols.16S
n e r C. Isl OO7s St.P. CAP. lists. .l20S4
EFT &c. lists. .105S4 StP;C-&P- IS: LIS
Erie Gen. 4s--... 1875 So RAILWAY os: .lUSS4
+. W.&D.C. lists. S0S4 stan X. q l. bs 30
Gen. Elec. 5s... JIG Tex I. ISIS ll2
GH-&S.A. 6s....113 Tex. T. Ids % 2
GH.&S.A IDS les L. p 4s--.----.-lV6
H. * T. &. 5s.-.-1l3 Wabash lists -llb74
H.&T.C. con IS l1212 Wabash 2ds ;.--lV5
Ia. Central lists us West Shore As. .1l412
K-CP&Ci. lists. co Wis. Cent. lists. I6l2