The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-16
Weekly Bank Statement Has a Slim
ulating Effect.
LARGE INCREASE IS SHOWN
HEAVY REALIZATIoNS NOTED
BY SPECTATORS.
Stocks That Were Somewhat Irregu-
lar Early In the Week, Gradually
Recuperated = Railroad Returns
Generally Favorable and Increas-
ed Activity In Industrial Works.

new YORK, April 19.-Ine 1nduStrlal
specialties We're very strong today, and
the tendency particularly after the ap-
pearance of the bank statement, extended
throughout the list, with the coalers
prominent in the markets late strength.
Money continued easy and the bank state
ment with an increase of nearly $1,000. 900
IN cash, and a contraction of over SD, &C.,
0JV in loans, had a very stimulating effect
Large realizations, however, were noted
by spectators who had bought in eXpec-
talon OF favorable statement. The
favorable turn in the Samoan difficulty
and the weekly statements OF trade which
noted general condition OF prosperity,
were factors in reassuring confidence.
Spots OF special strength were Delaware
d Hudson, Manhattan, Colorado Fuel d
Iron, Brooklyn Rapid Transit, People $
Gas and Continental Tobacco. just be-
fore the close the professional element
started raid on the idea that the recent
recovery had been too rapid, but they
succeeded in making only a slight impress
sion on values.
Stocks were somewhat irregular early
in the week, but gradually recuperated,
thus dispelling the uneasiness enSendered
by the indUStrials smash last week.
BROOKLYN Rapid Transit which was most
prominent in the recent decline, again
reached its best pervous price. The rail-
ways moved within a comparatively mar
row range, wavering in sympathy with
various crop adViceS. The government
crop report was regarded as less UNI
favorable than expected. Railway re-
turns We're generally favorable and the
increased activity in the Industrial WORKS,
it was thought, would continue to benefit
railway traffic. The continued keen de-
mand for the finished products of iron
was responsible for marked strength in
the iron and steel shares.
Call money was decidedly easier, aver
aging one-half point below last week
rate, and banks We're disposed to be far
more liberal in accepting industrial col
Lott t.sa1 for ma
ingS were forced out last week. a num-
Der of very large financial deals were
consummated without disturbing the
money market, while some discrimination,
particularly by foreign bankers, against
industrial collateral was still noticed.
Such induStrials as compiled with the
stock exchange statements IN order 10 pc
listed were treated more lenlently. Inc
easy money conditions We're especially
beneficial to high manipulative stocks,
which are largely held on margin.
New York were very prominent in the
weeks dealings on many consolldatlon
stories, varying only in scope. Ihere
We're advances of over IS points in Brook
Consolidated Gas, 3; Manhattan, l2l2;
Third Avenue. AZ, and Metropolitan. "a.
Notable advances among other spec1altles
were Sugar 80; Colorado Fuel & Iron.
IA; Continental Tobacco, 93i; American
Tobacco, .; Federal Steel, rs, and Peo-
pies Gas, 9%. Strong features in the
railways were the Nanderbllts. the
southwestern group, and especially mobile
& Ohio, Missouri Pacific ana Baltimore ~
Ohio.
Tips are very abundant, in the pres
ent market and because OF the large pup
lie interest displayed these predictions OF
price movements in particular stocks, are
more generally realized than OF recent
years when there was more restricted
anes by market leaders have been fire.
quently verified by events because OF the
public confidence resulting from a l0ng
bull movement, while the banks galned IN
cash. 1t is announced that the govern
ment will withdraw S100g0,OOO from the
depository banks in million-dollar weekly
payments. An active and variable money
market will be expected owing TO the re-
current financing of industrial complha-
lions. but for the present, strlngency Is
not looked for by authorities; me spec
ulative activity of the week mas oeen
largely away from the standard shares OF
known value. and has centered in special
ties whose price, judging from present re
turns, seemed to discount future deNeiop-
ments. 49,,
a moderate inquiry prevailed for prime
mortgages during the week, and there
was also a large absorption of the semi
speculative grades. Prices in the main
imuroyed but the general movement was
hesitating at times in accordance with the
characteristics of the stock market. u
S. IS coupon advanced y; Z; 5. IS register
ed and the new As reSlsteredA, ana the olu
Is coupon H. The 5S and the OLD As reg
istered declined 4 bid in the price
The total sales of stocks today We're
5l2 go go shares sRs including American Steel
400; American Sugar, 1900; Atchis son
preferred, 800; Baltimore & 90 Ohio y4uo
ton 600: Colorado Fuel & Iron. 2S7OO;
Continental Tobacco. S4.4O0; Continental
Tobacco preferred 5000; Dela IVA d H9d-
: 900. Manhattan Beach, 1880; Manhattan
Tpa5St fights. $3.50; metropolitan 200;
Missopri Pacific, $500; National Steel,
n 200: New Jersey Central, 3.10O; New
York YORK Central. 1900; North American. :, 200;
Northern Pacific. AGO; Ontario & West
ern. 125OO; Pennsylvania, $500 Peoples o. 5e,.
Peading second preferred. 1O,400; Rock
Island Island 900: St. Paul, 400; Tennessee
Coal & Iron. Is. 800: Texas Pacific. 1O.2O0;
Union Pacific, 4,600; Union Pacific pre-
ferred 4,5OO.