The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-02-04
WALL STREET SCARED
Almost a Panic On the Stock
Exchange.
ALL TURNED SELLERS
oUTPeURING OF STOCK FROM
ALL SIDES.
Selling Movement Started By the Be-
lief That a Reaction In Prices
Had Set In-Decline In Prices
Brought Out Large Buying Orders
and the Market Recovered.

was argued lIdl NeSlefuuE IndIhtl
showed that reaction was under way,
but it was commended that the forces re-
SisJing a decline in the absence OF eX-
tremely anfaVOrable news would not
likely allow prices to recede very far.
The absence of decided tone to the early
market was in part due to the expression
Of prominent bun leader that the mar
ket had a tired look. but the people did
not know what to do with their money.
and II the market rested a week or TWO
I per cent would be probable. The market
opened rather irregular. the grangerS
showing 1 moderately good tone on 81.
Paufs increase OF Sl61, 900 for the fourth
week in January. The Specialties were
inclined to sag and commission house
support was moderate. Such strength as
there was in the market disappeared I'M
der professional pressure. There was an
absence of support from large interests
and realizing set in, which gave the bears
encouragement for a vigorous demon
stration, Which. after a feeble rally, re-
suited in many stop orders being caught.
1t was said on the floor that heavy selling
came from Washington and the runor
gained currency that. the ratification or
the peace treaty was in jeopardy. The
market felt the effects of the heavy
realizing that took place last week and
this.
The lowest prices of the day were short
" after noon. The grangers were down
from rs in St. Paul TO ~ in Burlington.
the coalerS from ~ in New Jersey Cen
trail TO 255 in Reading first preferred In
the Pacifics the range was from IL to 212,
the maximum loss in Southern Pacific.
more pronounced ranging from about
points in Sugar and Tobacco to in New
York Air Brake. In this group Manhat-
tan and Tennessee Coal each lost 34,
Peoples Gas. Brooklyn Transit and Fed
eral Steel, about each, and Consolidated
Gas 3$8. Lake Erie preferred dropped Il
and the preferred stock of great Northern
and Iowa Central about 3 points each.
The declines were very general and en-
braced almost everything of consequence,
as is indicated by the above details.
Large orders appeared when the bear
movement appeared TO have lost its force
and liquidation ceased. The bull leaders
took hold of their various specialtieS and
helped the rec oVery, VIII oh continued prac-
ticaly TO the close, with only a monen-
tary. slight recession on profit-takinS-
Traders generally took the long side for
a turn on the idea that much OF the
weak held stocks had been transferred to
stronger interests. Among the stocks
which responded most readily to the re-
covery Were New York Central, Pennsyl-
Vania, St. Paul. Burlington, Sugar.
ferred. Tennessee Coal, Consolidated Gas
and Manhattan.
Metropolitan Street Railway made
very handsome gain for the day. 1t rose
a point in the initial dealing. broke 8 and
rallied IL. The buoyancy IN this stock.
together with the resistance shown by
New York Central on the break, made
them leaders in the recovery.
The bond market yielded Sympa thetical-
ly with stocks. but did not display much
recuperative power when stocks rallied
declined 4 and the IS advanced IL.
The total sales OF stocks today Were
937. 400 shares. including 1920 Atchison,
SS.72O Atchison preferred, 13,2l0 Central
Pacific 24.IS0 e. & o.. s., $50 Burlington,
II $3.50 D. * R. G., OBS D. x r. G. pre-
ferred. 17.O20 !. x N. 5j.0Zl Manhattan,
1880 Net St Ry., 1855 Reading pre-
ferred. IA Missouri Pacific. 1910 NJ. *.
& T. preferred. 12.020 New York Central.
Pacific preferred 10000 Reading 1880
Rock Island. 4.450 St. L. q S. +. second
preferred, 1920 Union Pacific, 22,920 Union
Pacific preferred, %. 800 St. Paul. 2l.2l5
Southern Pacific. 14,62O Southern pre-
ferred 1909 Texas * Pacific. 5000 To-
bacco. 1920 Steel. Il. 100 Steel preferred,
16 800 Peoples Gas, .925 Consolidated Gas. (
- 720 Brooklyn Transit. 1858 Pacific !
Mail Is. so Sugar. 22,6i5 7. {. & J., CSC
Leather preferred. 5.295 Rubber. 5lzJ
Western Union, $50 Chicago Great west +
ei'-' BOND QUOTATIONS..
L. S new 3s....107 \. J. Cent 5s-..li5
L. S. new Is reSlzS;s Nor Pac- ISIS .lloi1 /
Do coup .-!2S,s DO IS ---- go I
L. S. Is. .ll2l2 DO As; .;.-l51s .
Do coup. 1884 y; y. < ST
L. 5. IS reg ..1l2l4 Nor. x ". 6s...lZ {
Do 5s coup. ..1i214 y. W. cOnsOls- 1872 /
District COS. ..11Il4 Do deb. 5s.- ..l22 I
Atchison As. ...1Ui%. o. Nav. lists IN /
Do adj. As. SS7s o. Nav As. .1gJA /
Can. So. ends ..lll3e o. 5. J.. 6s l. FPS
{. * Q. As, -. 96ls Q. 5; l.. IS l. r..llll2
c. & O. 5s.. ....11s1a r. q. ". lists .. SO
c H. x D. 414sl0i5s St. L. & IT. NJ.
d. IL r. q. 1sJsl0S14 con. 5s., .....-lll5@ /
East Tenn st.IOl& Fran. gen. IS. 1913
F. ". & D. lists ST. P. c P. 1stsii9
Gen. Eiec. SILL So, Ry. IS. ..i055s
G. H. &, S A 6s109 81 R & 7. IS. s6l2
Do ENDS. ..ll9la I; P. L. G. 1sts1Il
II Do con. IS. 10 L. P as IS. lbs
Iowa c. lists. -.l09l2 I. 7. D. q G. LIST S95s
L. & \. Uni. As So Wab. LIST 5s.. ...1l5
Fac. Con IS. .ll3S4 DO 2nds.. e. 81
NJ Is. < T ends 66Ss ". Shore Is Hey
n. Y. Cent lstslIsl2 colo. So. As .. s.
STOCK QUOTATIONS.
Atchison =. go. 2234 2nd pfd.. .. l21a
Preferred O.. 62ls ). l.. * s. W.. ~
Car. Pac -. So St. Paul - .....l379s
car. So. =. -. 5Sl2 Preferred o.. .l6S
Cent. Pac.:. 5ll4 St. p. * Omaha sSll
Ches. q Ohio 3JA Preferred ..l10
chi & Alton ..1723a So. Pac.. ........ 401s
{. 3. & O. .>.lS25s So; Railway Sc. lSM
Chi d Z. III. 65Sa Preferred 81. .. SOS
Preferred e. ..116 Texas * Pac.... 20h
Chi Ind * l.. Preferred g.. T.. 81
Preferred % L. p. D. * G.. 12l5
Chi Z. y. W....l4SS4 Wabash o. .. -. 81
Preferred e. -.1S0 Preferred =. =. 22al
& &. c. 4 St. /. GJ5s W. K /. E.. e. Il.s
Preferred =. e.. 80 Preferred e. =. 1915
Del * Hud.. ..ll12 Adams EX.. ...i9S5s
Del l.. * VIE Am. Tx. ......li0
d & r. c.. 80. z4ls United States . 80
Preferred >. =. 1l3s Wells Fargo ...i25
Erie new. loss Am. Cot. OIL. 80
LIST pfd-. e. =. 3iss Preferred o. =. giis
Ft. Wayne .. liz Am. Spirits ..... 1875
CT Nor. pfd ..llAl2. Preferred .. =. %
Hooking Valley Am. Tobacco ..145
Ill. Cent. ..-ll654 Preferred =. 1876
l. +. & W.. - Con. Gas q. .20Gls
Preferred . :. 66A Com Gable CO. .i90
Lake Shore ....H0ls Preferred .. =. So
/. & NJ. 49,. 6eil Col. +. X Iron. S49s
Manhattan LIP Gen. Elec.. ....1l14
Met. st. Ry.. -.Zz5ss HaU. Com. Co. 67$4
Mich. Cent lib j.. X l.. S214
MINI. q ST. L.. 46l4 Int. Paper. -. 64
Preferred 81
Mobile * Ohio. 10 Lead :. S7zS,
NJ X & t. go. 14s Preferred . 1l3
Preferred e. 5l1s Fed. Steel. :. 6f15J
n J. Cent ....lOuiZ Preferred .. =. 500,
N Y. Cent. ..155@s Nat. Lin. OIL T..
\. Y. {. * >. l.. l5A Pac. Mail -. 525s
Isl pfd-. - y Peoples Gas ..il4
End pfd 36 Pullman Pal. ..l59
Nor West. -. - st. R. * T.. 80. .
Nor. Am. Co... 81 Silver Cert. ... 59ls
Preferred .. =. S0A Preferred . ll2is
Ont. & Western 22le T. c. & Iron =. ASS
o. r. * NJ 80. As l. 5. Leather e. *
o. :. L.. ..... = Preferred .. . 73
Pac. {. fst pfd. s. u. S. Rubber -. 81
md pfd.. - =. s. Preferred -. lis
Pittsburg.. -.lse West. Union 955s
Reading - =. - 2l3s Colo. So. =. =. ~
list pfd.. :. -. e92s ore. Nav. pfd. 7ii5
Il. G. W. e. 80. 4lS4 Pac. Coast :. . IS
Preferred "a LIST pfd.. =. -. 55jk
Rock Island ....1lS5s 2nd pfd =. :. p
ST. L. & S. F.. 1S Preferred e. :. 721k
BOSTON MINING STOCKS.
Adventure :. :. liz Old Dominion =. q
Ninona.. =. -. 16 Osceola =. =. LOO
Aliouez NJ. Co... lO9l Quincy ;. :. Isl
Atlantic as Hramarack :. ...240
Boston & Mont. .sss wolverine :. =. 40
Butte & Boston. SO Parrot =. . go 3Sis
Calumet & Hec.I75 Humboldt :. -. "a
Centennial .. :. 445s Union Land =. q. ga