The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-11
Dealings Aggregated Little Over :
Half-million Shares.
CALL RATES WERE EASIER
LARGE ACCOUNTS CLOSED OUT,
CAUSING EARLY DECLINE.
Expected That s2s, 100000 VIII Be
Called In-Interest In Stock Spec
ulation On Diminished Scale
Fine Weather and Expected Better
Crop Reports Weaken Grain.

New York, April 10.-Interest in stock
speculation today was on diminished
scale. the dealings aggregating little over
half million shares. Prices moved in
an uncertain manner and number of
marked net losses resulted. There was a
decline at the opening, in which the
specialtieS particularly participated, a
midday rally by the NanGerbilts and an
afternoon decline in which the grangers
We're prominent The liquidation of Fri
day permitted Il number OF brokers to re-
turn borrowed money, and call rates were
generally easier, TO Z per cent prevail
ing the greater part Of the day. Several
million dollars Of sterling loans We're
made, and call money closed at 384 per
cent Foreign bankers apparently as
sumed that comparatively good prices
were probably here for money Tor a more
or less prOtracted period.
The sterling loans were responsible Tor
an easier tone in the sterling exchange
market. The recurrence of syndicate
operations and the hotayion of industrials
IS the basis for the expectation of fair
rates at least for money. This week vs.
O00O0O, approximately, is to be called in
connection with the Notation OF the Am
erican Pmp company. the chicago IL Al
ton syndicate deal and subscription pay
ment on millions of dollars on the steel
hoop commission has been postponed.
Commission house business fell of con-
siGerably, but there was evidence OF an
effort to stimulate interest IN the mar
ket in some specialIies again now thaI
Fridays decline has wiped oct weak
holdings.
Some large accounts were closed out to-
day. causing the early decline. one DOCK
of 10 900 shares of Brooklyn Transit was
sold lust after the opening. The Wander
bilt shares. which AL advanced smartly.
retained part of their rise. Gossip about
subscription privileges advanced Great
Northern preferred. Consolidated Gas
broke s points presumably because OF the
published interview with prominent
politician favoring municipal ownership
of that industry
The selling of the erangers In the al
telnoon was due to apprehension as TO the
possible character of the government crop
Statement TO be made known this alter
noon The market closed steady.
Transactions in railway mortgages were
sra Their light and while the marked lacked
a decided tone. the changes either way
were only fractional. Total sales, g.
zS5 600 United States 5s declined "a per
cent and the new As coupon Is per cent
in the bid price. --,,o
shares. including: American Steel & Wire,
Is. 900; American Sugar 1l.200; American
Tobacco. 300; American Tin Plate, >, sOO'
Brooklyn Rapid Transit 55,SO0; BudlnS-
ton "a 800: Chesapeake d OHIO, l5,zVO;
Chicago Northwestern, 1000: {. G. az 81.
Louis. So SEQ. Continental Tobacco, "
700; Federal Steel, 300; Federal Steel pre-
ferred II 900; Manhattan. S2.lG1; Metro
politan 5 GOO: Missouri Pacific 1850; Ma
iional Steel 1900 New York Central. q
900: Northern Pacific. 1906 Northwest,
3 100; Pacific Mail 1900; Peoples Gas. %
OOa: Rock Island, 9,2e0; St. Paul. ", OJi
Union Pacific. 1890; Union Pacific pre-
ferred. l220O: Leather preferred. 6JO5;
Rubber, 5000; Wabash preferred, S'Soo'