The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-20
Transactions Again Aggregated
Over Million Shares.
LONDON WAS A BUYER
FOREIGN BANKS REDUCE THEIR
DISCOUNT RATES.
Money Was Also Easy at New York
New High Record Prices For the
Granger Subsidiary Realizing
Sales Were Readily Taken-Bonds
Showed Activity.

New York, Jan. 19.-The stock market
was strong and active all day, except for
realizing movement around delivery
hour, when prices receded about a point
in many stocks, but toward the close
picked UP sharply and the closing was
strong, with material net gains in all the
leading shares The volume of business
was above the mi1lion-share mark, and
London, after being u seller fer q long
time today, reversed her. position and
purchased about 5000 shares. Following
the, example OF the Imperial Bank OF
Germany, the Bank of England reduced
It's rate Of discount
\ continuance of easy money conditions
here was another factor in the confidence
shown today. The grangerS made new
nigh record prices for the current move
ment, and the average price of active
shares was also the highest. The strong
London tone encouraged a high opening
here and there was a large accumulation
OF buying orders over night The short
interests were compelled to retreat IN
many stocks. There was heavy realizing
at the advance but the stocks sold were
Well taken and the market brOaGened out.
The greatest activity and strength was
shown by Manhattan. Burlington, st.
Paul, Sugar, AtchiSon preferred, Reading
first preferred ard Northern and Union
Paclhcs. The advance in Sugar was
credited to q rounding up Of the shorts.
The advance in Burlington seemed to be
accepted as meaning that something was
under consideration in regard 10 a re-
4Luu-uS SCHEME NeEOlldllOIlS
under way were said TO apply to the issue
OF only a small amount Of bonds. The
interests concerned were non-committal
and there was no definite development
one way or the other. There was an ad-
vance in most of the Gould properties,
some of which have been inactive of late,
Manhattan rising AZ and Missouri Pa
citic points. Among the investment
stocks, New York Central rose IL.
The bond market showed relatively
more activity than the stock speculation,
marked advances being scored all around.
with the undertone aggressively strong.
United States 5S registered advanced Is in
the bid price.
Total sales of stocks today were 1910
500 shares, including Atchison, 1880;
Atchison preferred, 1000; Central Pacific.
15,560; Chesapeake q Ohio, 1900; Burling-
ton. $4,000: Denver & Rio Grande, 5000;
Denver * Rio Grande preferred, 1.240;
Great Northern preferred, 1908; Illinois
Central, 6.l7O; Louisville & Nashville,
$3.50; Manhattan. 1850; Metropolitan
Street railway, 4i2) Reading preferred.
IS. 800; Missouri Pacific, 1900; Northern
Pacific, 3.40; Northern Pacific preferred,
IS, $50; Rock Island, z0,S29; Union Pacific,
q, coo; Union Pacific preferred, 46O75
Southern railroad. 1920: Southern rail
road preferred. 13.S2); Wabash preferred
5, 80; Paper, AGO: Tobacco. S.272: Steel.
e. 299; Steel preferred. s 200; Peoples Gas,
j go; Brooklyn Transit % 100: Sugar,
6I, so; Tennessee Coal & Iron, 81. go;
Leather preferred. Is. 500 Rubber. 5.3s5;
Western Union. 4320; St. Louis & South
western preferred, 800; Chicago Great
6.S25.