The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-13
Short Speculative Contest On New
York Stock Exchange.
THIS MARKET WAS ERRATIC
at FIRST RECEDED, THEN GRAD
UALLY RECOVERED.
Features of Confidence Were Lack of
Strain In Money and Sterling
Iron and Steel Weak-Firm Ca
bles and Light Domestic Receipts
Give Wheat Steady Start.

New York May 12.-rhe bulls had the
better of the speculative contest today
but the edge was taken off the rise in
the last few minutes of trading by a
vigorous bear raid. The confined pur-
chases for London account. and the lack
of strain in either the money sterling
exchange markets were features of con-
fidence. Moreover, ii was announced that
the final S5eeo,OO0 warrant in connection
with the Spanish indemnity would be de-
posted in "A local bank which announced
that all the needed exchange had been
secured and this was favOrably interpret
ed as TO it's probable effect on sterling
exchange. The known movements of
money. althoug often misleading, were
thought to forecast favorable bank
statement as there had been but few
known industrial consultations financed.
AT times the stock market was very
erratic There was first a recession from
opinion high level and then a gradual re-
covery until near the close. Sugar moved
oN er a radius of nearly ten points ard
closed with rise of g. Brooklyn Transit
lost nearly d point net, but closed nearly
two points above the figure reached in
the raid American Tobacco lost nearly
three points after d dip of twice as much.
Metropolitan dropped 10 2ls24. jumped
over six points and left off with a gain
shares were rather weak as were the
coaiers. but the Pacifics and grangers
were strong with fractional advances APP
pearlng pretty general in the rest. I'M
mense blocks of high-grade mortgages
were taken today at Improved prices and
the strength of these issues exercised
eliminating effect on the speculative
liens.
Considerable activity was noted in
bonds The market generally improved.
Total sales, 4J300C0. United States new
IS and the old As coupon advanced Il and
United States As registered and the IS Is
in the bid price
The total sales of stocks today amount
ed to $3.50 shares, including: American
Hoop, 800; American Steel * Wire, t.
90: American Sugar. los. 800; American To-
bacco, 1890; Anaconda Mining. 1900;
Atchison, 5000; Atchison preferred, 30 500;
B. q o. W. l., 11,10O; b. * o. preferred.
$500; Brooklyn Transit 10o,e0O; Central
e: & g.. 1890; Chicago Con, Traction. A..
zoo; Chicago G. w, 800; Con. Tobacco,
1900: Con- Tobacco preferred. 400; Fed
eral Steel, 1850; Federal Steel preferred,
$3.50: l.. * n. 1920: Man. Con, 1880;
Metropolitan Street Railway, 6. 100; Mexi-
can Central. $500; Missouri Pacific. 1890;
n. Y. Central. $500: Northern Pacific, s.
zoo; Pacific Mail, $500: Peoples Gas, IA
800: Reading first preferred. 1890: Read
ing second preferred, 400: Rock Island.
200; St. Paul, 10000; Southern Railway
preferred. 5000: Tenn. c. & l.. 400: Union
Pacific. 500; Union Pacific preferred, T.
100; Western Union. 5000.
Bond Quotations.
L. S. IS, reg. 1912 n. Y. G. lists. .1l51a
Y. 5. IS, res. -l0S12 \. ]. {. gen. s-I2e
= b. IS e2eP isss Nor Nor P Pse a 5stsl go
Y. s. n; As coup. l2sa4 Nor. Pae. 4s....1Oi
u. 5. old is reg. lips \. Y. Z. & st.
u. S old IS coup.1l312 L. As ..-....... 1864
=. S. IS. reg....1I2n Nor. * West.
District 8 65s.-..117 con. Is ..s...... 943s
Atchison As -...:.lol1s Nor. & West.
Atchison, adj. IS S2ls gen. is ........131
Ches. * Ohio 5s.l1Sl4 Ore. Nav. lists. III
Can. South. 2ds.1l1 Ore. Nav. Is .l03iR
Ches. d @. 41ss. 49, @. S. L.. 1919
c &. n. con. 7s.144i4 o. S. L. con. 5s.1ll9s
c. & n. s. L. Reading gen. As. SIS
deb IS ...:-....12lFs R. G. W: lists. IS
Chi. Term. IS. .l001a ST. l.. & Iron NJ.
d. & r. q. 1sts.105Is con. 5s .f10X
d. * Il. G.. ...l02l4 St. l.. q San +.
East Tenn. Va gen. IS ....-....124H
& Ga. lists. 1855 St. Paul cons. ..l5S
Erie gen. Is 80. 7112 St. z. c. * p.
Fit Worth & lists =. .1239s
Den. City 1st.. 81 ST P c. & p
Gen. Elec. SIS .1l4ia 5s 80. $3.50, l233s
e. H. q S. A 6s.Il4 SO. Railway 5s. lIO$.
G. II. & S. A Standard Rope
DDS .----.-..l11l5 * Irvine 6s.... 81
II. & 7. G. 5s...113 Tex. & Pac 1sts116
II. * T. c. con. Tex. * Pac. DDS. 5434
IS ...--.--...1l21a Union Pac. As. 1904
Ia Cent. lists. .11iS4 Wabash lists lib
x. e. p. & q. Wabash 2ds......100
lists 1890. 653i West Short 4s...114
L. & N Uni. Is. $3.50 Wis. Cent. lists 703s
NJ. X. & r. DDS. 661s Colo South As SCI
NJ. X. * T. Is 9454