The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-03-22
UNSETTLED MARKET
Two Stocks Monopolized Most of the
Attention.
SUGAR GOES UP AND DOWN
DROPPED FOURTEEN POINTS
AND THEN RECOVERED.

GILL went OOWn Win sugar
Money Rates Advanced to Six Per
Cent and Dropped to Three
Pacifcs Were Higher.
New York. March 21.-The professional
character of the trading today was shown
by the fact that of the 100000 shares
traded in, nearly half We're in the two
stocks, which moved most erratically,
Sugar and Brooklyn Transit ImInediate-
ly after the opening the leading indus
trials were pressed for sale sympathetic
ally with the sudden declines in Sugar
and Brooklyn Transit An idea of the vio-
lence of the movement in the specialIes
is conveyed by the fact that Sugar
dropped IA points from the highest in the
morning and Brooklyn Transit AZ. Sub
from the lowest, leaving Sugar 8 per cent
off on the day and Brooklyn Transit IA
up. Accompanying the decline in Sugar
there was disseminated the denial by an
anonymous official of the company that
any deal with competitive firms was in
existence. The early decline in Brooklyn
Transit appeared to be realizing on the
announcement of the company's absorp-
ton of Brooklyn Transit. The rally
seemed to be buying on advance informa-
ton that the Brighton Beach railway had
been bought in the interest of the Tran
sit company The prospect that the Third
avenue line might have to give up its
Amsterdam avenue privileges resulted in
a break of 1924, which dipped to 200. The
general market showed moderate SYM
pathetic movements with the leaders and
developed weakness when call money
rates reached per cent, and then rallied
when money worked easier to per cent.
Besides the financing of industrial COM
binations there are several reasons for
the present stiff money rates. One is the
settlement every ten days, making six
payments in all, Of million dollars to the
on ont in nf n
cific obligations. Another reason is the
preparation for the April dividend and in
terest disbursement, and third is a ten
dency to discount an interior movement
of money. which it was calculated would
last about three weeks. London was
seller today of moderate amounts of the
Union Pacifics, New York Central and st.
Paul, which stocks. however, showed
fractional advances. The Pacifics except
Northern Pacific preferred, were up frac-
tionally, while Central Pacific and South
ern Pacific gained over a point each. The
grangers moved but slightly either way,
and the market closed with an unsettled
tone.
The bond market lacked a decisive tone
and gave alternate appearances of weak
ness and strength. with the upward ten
dency in vogue at the end.
U. S. 5s advanced Il and the new As
coupon u in the bid price. The old As
The total sales of stocks today were
629, 400 shares, including Atchison pre-
ferred, 1850; Central Pacific, Y $50; Burr
ington, 1880; Manhattan. 1880; Met. st.
Ry, 1888 Northern Pacific, $500; Union
Pacific, 1910; st. Paul. 11,415; Southern
Pacific, 24945; Union Pacific preferred,
IL, S45; American Steel & Wire. q, 42S; TO,
bacco, 1925; Federal Steel $3.50; Federal
Steel preferred, 5000; Peoples Gas, is, 6So;
Brooklyn Transit, 135,559; Sugar ll6,oSC;
Tennessee Coal & Iron, 1850; st. l.. &
S. w. preferred, 13,559
BOND QUOTATIONS.
g. g. S. n, As, reg. .i291a T. 7. c. & St L.
Do s G9up III. .1is N ts & W 6s 1873
Do. coup 49,. 1872 N west. cons. ..14312
DO. DDS 9915l Do deb. 5s.....122
u. S. IS, reg. .112%4 o. Nav. lists. Iii
D str Ct G s5glp III. @ l. S.. rI5sis
Atchison As ......102 Q. >. L. 5s, L I'LL
Can. So. DDS =. 1O9 R. G.. w. 1sts..:. 1864
C. & o. 412s 49,. SO St. L. & II. M
Chi. Term. go. SO Con. 5s go, ..lI2s
c.. & Ohio IS lib st. L. d san f.
c. H. & d. 412s. .1045sI Gen. is .-.!2512
d. &, r. G. lists. 10Sl5I St. P. Con. ...l6'
D. & r. G. As. 1904 st. P. c. & P.
East Tenn. lists. 105 lists -...-....II22ee
Erie Gen. 4S..... - 50. Ky. 5S .......Ioo
F. w. & D. lists, STANDARD Rope o., j.,
Gen. Elec. 5s... Ills Tex. Pac. l.. G..
Do o. Sds y . "a. Do Rg IDS :. 525
Iva. C. lists. .109 Pnion Pac. As ...104
L. & n. Uni. As. SO U. P. D. & G. ,,
Pac. Con. 6s..... 81 lists 1900. ~
N. 7. G. lists. .11415 Do IDS ........ So
No. Pac. lists us w. Shore As ...u4
Do. IS ... 67% is. Cent. lists. 699s
Do. As $1,000. 1O31s Colo. South. As. SIS
NEW YORK CLOSING STOCKS.
Atchison :. -. 211s Rock Island -. 116B
Bats pFefS e ohio :. s. preferred ira .
Can. Pac 49,. S214 st. P. & Om.... 121a
can. South. -. 5715 Preferred lift
Cent. Pac. - 507s So Pac. ........ 1914
Ches. & Ohio g. 2612 So. Railway -. 121s
Chi & Alton III Preferred ... AZ
Chi. B. & Q. ...139A Tex. Pac. ... IS
chi. E. ILL., -. IS Union Pac. $50. 1914
Preferred .....120 Preferred 80. SUES
chi. Ind & L.. 8 L. P. d. & g.. 12&
Preferred $50. AZ Wabash :. rs
Chi & N W....14712 Preferred -. 2l12
Preferred 1881 Wheel. IL L. E.. IFS
C. C. c. & ST. l.. IS Preferred $50. 3212
Preferred 49,. 81 Adams EX. ....ll5
Del. & Hudson ia American Elk. lao
Del. J.. & W.. .1641a United States d
d. & r. G.. ...... 20$4 Wells Fargo ...l29
Preferred 80. 70 A. Cot. Oil $50. 3512
Erie new -. IA Preferred $50. 92l2
First pfd 49,. 3S12 ANN Spirits 80. 1873
FIT. Wayne .17S Preferred 80. 1884
ct. Nor. pfd ..1901a Am Tobacco ..210
Hooking Val. -. So Preferred .....142
Illinois Cent. ..1144 Cons. Gas I'D
Lake Erie & w. 1872 Com Gable CO..175
Preferred 80. 651a Col. r. & Iron. 35'A
Lake Shore 200 Preferred ..... 81
Louis e Nash $685. Gen Ilec. ......1H
Manhattan L. ..107B Federal Steel e. 50
Met. st. Ry. Psi Preferred go. S.7S
Mich. Cent -. lib lIntn'l Paper -. 81
tIinn & ST. l.. 53 Preferred 80. S3A
First pfd 80 Laclede Gas 80. 81 81
Mo. PaC. ........ 451s Lead E. .......... 354
Mobile & Ohio. 3912 Preferred ..,.1l2$
Mo. K. Sc r. -. 1874 ANN Steel Il
Preferred go. 3S Wire Co. ...... 623s
N. j. Cent. ....ll44 Preferred go. lUz9s
N Y. Cent 1859 Nat Lin. OIL. So
n. Y Chi. & st. Pac. Mail ....... ATS
l.. E. ....... IA Peoples Gas Ills
First pfd :. =. 81 pullman Pal. ...159
Second pfd -. SO Silver Cert. ..... 60
Nor. West 80. l715 Standard Rope
No Amer. Co.. S% e Irvine ...... 9&
Preferred 49,. IS Preferred .....n712
Ontario q w. -. 27$s T. C. Sz Iron -. 52$s
Ore r. & Nav a. T. S. Leather E. SIS
o. S. L. ....... 4215 Preferred 49,. TIA
Pac. Coast LIST u. S. Rubber e. 56l2
pfd . . SIS Preferred .....1l612
Second pfd -. 63 West Union -. 1914
Pittsburg . ....18O Is. r. T. Co. .107$t
Reading . 800. 231s Ore Nav. pfd :. Y
First pfd - e5$s Pac Coast 49,. IA
R. G.. w. ....... So Colo. South. .... "
ST L. & S. F.. 1913 First pfd ...... 621a
First pfd 800. 701a Second pfd -. 2t5s
Second pfd ... SIS Con. Tobacco Co 547s
ST. L. 81 S. W.. 9$t Preferred go. 50
Preferred 29ls
NEW YORK MINING STOCKS.
Cholar :. ....... 3S Ontario $50. 80
crown Point ... % Ophir =. ......... / 10
Con Cal. a. Va. 10 Plymouth =. -. 10
Deadwood . M. GO Quicksilver 49,. 2 co
Gould & Curry. 40 Preferred :. :. 6 so
Hale e. Norcross "a Sierra New. 80. 20
Honestake =. ..55 90 Standard =. -. 2 so
Iron Silver 49,. g. Union Con. $50. 50
Mexican =. -. 75Yellow jacket. %
SAN FRANCISCO MINING STOCKS.