The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-03


complete rout on the stock exchange to-
day and rushed to cover outstanding ac-
counts with symptoms of distress. Prices
were marked up in the last half hour OF
the trading in a way which showed plain
ly the eagerness of the shorts to close out
their contracts, so that they were bidding
prices up themselves in many cases. Nc
more complete reversal of speculative SEN
timent could be imagined. and the week S
earlier losses were wiped out in all but a
few cases. and the general level of prices
brought back 10 about those OF last Sat
urday. Bears did not yield the field with
out a struggle, the opening of the market
showing declines in a number OF stocks
which have been favorite targets for the
bears in the recent market sugar was
ralded down point and Brooklyn Transit,
Manhattan and number OF the steer
stocks were under pressure, while the OPP
ening gain in Metropolitan Street Railway
was almost wiped out.
But the strength in the railroad list, eS-
pecially the international stocks, in SYM
patty with the earlier rise in London and
on buying for London account, checked
the earlier effort to force 4 decline. Me-
tropolitan Street Railway, Sugar and
Brooklyn Transit all developed quite a
bouyant tendency, and the bears drew on
their forces and awaited Developments
By the time the buying Tor London ac-
count had been executed the market be-
came dull and the bears returned TO the
attack. They produced some impression
and Rubber and Minneapolis and st. Paul
and Sault Ste. Marie, but almost no effect
on the general list. A two-Dolnt decline
after midday in Sugar was the only evil
dence of any weak spot of the market,
and the stubborn resistance OF prices IN
duced the bears to abandon their cam
hour in their panie-stricken efforts TO
cover. Net gains throughout the list
ranged from l to over 4 points and are
over ewo points for the majority of active
stocks.
The announcement made after business
hours yesterday of the engagement OF
S1.000.O00 gold for export came as sur
prise and was greeted hopefully by the
bears. But the operations served to re-
leve London money, and thus awaken
a buying movement in the stock market
there, which spread to the American sec
ton and was reflected back upon the New
York exchange. This renewed strength.
was equally ineffective in depressing
prices of stocks, as the reported failure
of Russian crops was expected to bring
out large reserves of American wheat
In the outside market there was very
strong recovery in the stock OF the Anal
gamated Copper company. which touched
95. This was accepted as resumption or
aggressive support from the tactics by
the powerful interests behind that combi-
nation. Good reports in the anthracite
trade and the expectation of favorable
bank statement by reason of contraction
of loans all contributed to the upturn IN
There were yielding points in the bond
list but prices of many issues turned up
wards. Total sales, par value. S2OO9.Og9.
L. s. 3s. registered advanced Il, and u.
S. 3s coupon, Is in the bid price.
Total sales of stocks today were 523, 1872
shares including: American Steel d
Wire "A 300; American Sugar. 90, 400; Amer
lean Tobacco, 6, 400; Anaconda, 500; Atchi-
ison preferred $500; Brooklyn Rapid
Transit. $1,000; c.. B. q O., 1880: Colora-
do Fuel * Iron, 100; Continental Toosccoi;
i. SOC: Federal Steel. 1880; Federal Steel
preferred, 6.SO0: international Paper, 800;
Louisville & Nashville, 5000; Manhattan
Consolidated, 2ogoo: Metropolitan Los street
ton Steel, 400; Northern Pacific, 1900;
Peoples Gas of Chicago 1l,6o0; Reading
first preferred. Il. 900; Reading preferred,
1890. Rock Island. 6,o0o; ST Paul ID, 400;
Southern Pacific, 5000; Union Pacific: 49,
Bond Quotations.
L. s. IS reg. .1o0 NJ. K. & 7. As. 1915
L. S IS reg. .10954 n. Y. c. Is ..n51s
L. s. IS COUP. 1925 \. j. c. &. 5s.- .l20l2
L. S. n. As reg. .19014 Nor. Pac. Is. -.1l2
L. s. n. As coup. .1S0l2 Nor. Pdc- 3S-- - IA
L. S. o. As reg ..l12l4 Nor. Pac. As -lOoss
L. S. o. As coup. .1l312. n. Y. {. d st.
L. s. IS reg.-....ll212. L. as -.-.--lUl
L. 5. as coup. -l212 n q w c. IS. 20
Dis of Col. 3 65s1lS12 \. & w. 6. IS. .l32
Atchison G. As. SIS ore. Nav. Is. .1lsA
Atchison adj. 4s11l Ore. Nav. 4s..... 1025s
Can. So. ends "a .. 5. L. 6s-: LIS
c. & o. 4%s .Ifs1s o. S. l.. c. s....n3ls
c. & o. 5s.... Ia Reading g. As 50
c. & n. w. c. 7s122211a R. G. W. Is. 100
c. & n. w. s. St l.. q l. NJ c..
F. deb. 5s...-.-102 5s.. 49,. HIS
chi. Term. 4s.-..1061a St. L. & San +.
D. & r. G.. lists. 1893 F. g. 6s.. $3.50 l26l4
D. & r. G. 4s..105 St. 2. Co.,. -lsl12
L. T. V. 6, G. 1sl05 st. p. c. * Z. 1sl2t
Erie gen. As. . 7215i St. P. c. & 2. 5s12i
r. w. az d. c. Is 50 So. Ry. 5s.- HOG
Gen. Elec. 5s...l2O St. R. 6, Tw. 6s.. 81
G.. II. &, S. A. 6s114 Tex. & Pac. Is. .ll3A
q. H. q S. a. 2s1ll12 Tex. & Pac. 2s-. %
H. & Z. c. 5s....113 L. p. As. .10SA
II. & It. c. c. 6s111 Wabash Is. ....117
Iowa Cent. 1s....ll3i2 Wabash 2s.- 49, 9S
X g p. & q. Is Go West Shore As. .1l412
l.. K n. uni, As. 1855 Wis. c. Is. 80. "a
NJ. X. & T. Is. 66l5 Colo. So. As So. 81