The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-28
Heavy Trading on the New York
Exchange Yesterday.
BUYING ON LARGE SCALE
CONCERTED EFFORT ON THE
PART OF THE BULL LEADERS.
Activity In the Railroad Lists
Blocks OF 1000 Shares and Up
wards Showed Quite Frequently
On the Tape - Sugar Was Also
Disposed to Move Upward.

New York. June 27.-The activity in the
buying of railroad stocks showed some
falling off in the course of the day after
Z notably active opening and early buy
ing movements. But the demand sprang
up again in the last half hour of the trad
ing in fun force and carried prices of the
railroads to the highest of the day New
YORK Central was again the center OF in
terest IN the market and 1t was a final
squirt Of IL points in that stock that gave
the market It's strong close. The last sale
OF Central was at l40Is. the highest of
the Day and - above last nights close.
The late buying OF the stock was on a
very large scale. blocks of loo shares and
upwards showing quite frequently on the
tape. Manhattan was also rushed up in
the final dealings tc llbls on the an
nouncement of the closing of contracts
looking to the change to electric motive
power. The bull leaders were evidently
in a concerted effort to MAKE final prices
of the Cay the highest.
The separation of the trading in the
railro. and industrial stocks was not
quite sharp as yesterday. Federal
SteeI conspicuous al the opening for
an ilO1a.-.e OF Us on the dismissal OF the
inlunction against the payment OF the
dividend declared on the common stock.
Deniais from official sources that any
labor trouble was impending among the
street railway employees IN Greater New
York also gave an upward tendency to
Brooklyn transit, ana Steel x Wire
showed some sympathy with Federal
Steel. since the directors of that company
had assigned the Injunction against the
Federal steel company as a reason Tor
not declaring dividend on their common
stock.
Sugar also was disposed to move up
wards BUT the early prices in the steel
stocks were the best of the day and in
none of tn5 industrial stocks were last
prices The best. The movement in New
York Central separated itself more from
other members of the Vanderbilt group
than was the case yesterday ana the
assertions OF the bull traders that the
buying was for account of insiders was
given color by the presence in the street
OF y. =. Vanderbilt. an event always
made much of by the bulls. The increased
speculative activity can hardly fail TO add
TO the already unfavorable bank return
for Satprda-. in which gold exports OF
$3.50. coo already are engaged, VIII nave
to figure. The heavy dividend and inter-
eSt obligations to be met on July l VIII
also make heavy temporary demands on
the money market.
The bond market showed increased ac-
tivity i'll sympathy with stocks. Total
sales. par value. 2,32I,0O. United states
IS advanced "a and the IS Is IN the bid
The total sales of stocks today amount
cd - ISL. 800 shares, including: American
Steel! 49, 200; American Sugar. 3O.5o0; Atch-
ison 4.4O0: Atchison preferred 22,59o;
Brooklyn Transit Il. 200; Burlington; . 009;
Continental Tobacco. IA, 100; Federal Steel.
Il 900; Federal Steel preferred. 1900;
Louisville * Nashville 1890; Manhattan
2S. zoe. Northern Pacific preferred. $500;
PEOPLES Gas. 5000: Reading first pre-
ferred. i6 S0e; Rock Island, 33.lO9; st. Paul
4S5El: Union Pacific, z 10: Union Pacific
preferred. 1880. Chicago Great Western.
1900: Metropolitan. $500: Missouri. kan-
sas * Texas preferred, CLEO; missouri "a "a
cific. 9 40J. New York Central, $780,
Northwestern. 5.o09: Omaha. 5000; Penn
400
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Stock Quotations