The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-07
Prices Slumped Badly ana Closed
Weak In New York.
A HAVE AN INNING
RENEWAL OF sTa1NoENCY IN
CALL MONEY r1APEET.
Crop Advices Also unfavorable-Con-
spicuous Break IN Trret stocks-
Chicago Wheat Market Nervous
and Uncertaia-eTotal Ruin Cry
From Nebraska ana Kansas.

New York, April 6.-Stock prices
siuniped badly today and closed activ,
and weak at about the low point. CroI
aaYlces were nnfaVorable and these wer,
gwen color by the advance in wheat. buf
the principal cause for the shaking OF
confidence was u renewal of ~stringency
IL the call money market. Discrimination
IN loans in certain Industrials and special.
Ties made some brokers disinclined tc
carry marginal accounts for some of these
properties. This attitude was taken ad.
vantage of By the bear contingent ana
promiscuous selling OF the general special-
y group followed. Among the more con-
spicGous breaks Were Brooklyn Transit,
~; metropolitan So Manhattan. n:
Consolidated Gas and American Steel, Z
eacn, ana many other interests from 3 TO
each. and mar yoCher interests from 3 TO
g. Some cf these stocks closed about the
lowest, Brooklyn Transit, Manhattan ard
Consolidated Gas being conspicuous.
The declines IL the mere active rail-
ways Appropriated 2 points The
acknowledged bull leaders, presumably
having iiqu!datec. seemed apathetic in
stemminS the jowaward course OF prop
critics Win which they ARE identified.
Ihere wetS occasional rallies apparently
S;i!y TO aEsrd q new level from which 10
let 90 stoeis. IKE recent continued adj
N9i;co Ia many stocks which eliminated
IoUcn - ta3 short interests made the
o@@..re '3F4d. as there was no support
i:oiE ;i.!s quarter. Many stop loss orders
cline.
London cr!y purchased about as. much
rs II sold ycsISroay but the market there
followed lccai Quotations so nearly that
arbitraSc business ceased. There was
much money Borrowed early on cab
AROUND 6 Il s per cent on railways, but
2 per cent or more in addition was eX-
acted on Industrial collateral aud IL per
cent for call money was offer ed own
from 5 TO ! Dor cent on railroad collateral
after Inc mole urgent requirements Tor
mchcy had been met. but later loans
We're iciide at 6 per cent. The continued
high rates Cor money had not brought as
,nuch money from outside points as eE-
pec!eL. Boston, however, loaned some
money IN New York today. The demand
for money Cor interest and dividend pay
,nent. together with the recurrent neces-
sity OF financing industrial companies
were assigned rs the reason for the pres
ent scarcely Of money.
Heavy offerings OF the active issues
we're made IN the bond market today. CO.
incident wit the declines in stocks. Total
sales. S2.79d.0N. U. S. IS advanced u, and
the 3s anG the new 4s Il in the bid prices.
The total sales of stocks today were
30 am shares. including the following:
Atchison preferred, $3.50; Burlington,
@0.655; Manhattan. 1850; Metropolitan,
s.345; Mexican Central, 5000: Reading 1st
preferred. i, $50; Missouri Pacific, 2.,770:
NJ. X. & r., preferred, $3.50; New York
Central. 1L3D; Northern Pacific, 9,6o5:
Rock Island. i. go: Union Pacific, 21.G55:
JnioE Pacific preferred, 9,S43: ST. Paul.
p. lbs: wabash preferred, 1850; American
S,eei s. Wire. $3.50; American Steel d
'Ai:e preferred. +.5e: Paper, G.T5; Cotton
81. ARD; Spirits. 4,045; Tobacco. 1880;
Esele:1tl 5:cei. 72.l45; Federal Steel pre-
i-rI &C. ir.l2. Peoples Gas, $3.50: Con
r,,!da'e 60 Jas. ESQ; Colorado Fuel d Iron,
" is: Brooklyn Transit, 1l9.iS1: Con
mental Eobscce, 1895; Pacific Mail, 300;
Sugar, -. 80; Tennessee Coal * Iron,
5s.S35: heltacr. 5.305; Leather preferred,
= so: Rubber, 2.i7e; Western Union, IL
e.S9, chicago Great Western, G,0N.
ROM QUOTATIONS.
I. 5. p D.. Ills y. j. c. 5s.......11SI4
4. .. ;;sv. - reg. 125Ss Nor. Pac. 1sts...1lSh
I :. ncw - cCu.129ss Nor. Pac. 3s..... ga !
L. $. Is res---...1l2& Nor. Pac. 4s.....10els.
/. :. - cct..-..-l1S N.A.C.SS.L. +S--IUJss
L. S. - .......... 99i@ Nor. * ~. 6s....l30
L. =. = llS1& N w. conSolS ..li3l2
L. IS. IS rrl ...ll3i4 n. w. deb. 5s....l23 !
DISTRICT = ..s....ll7 ore. Nay. lS.s...ll1
.&tGh.soG l. ....100l5 ore. Nav. is.....lDiSs |
~..,chison adj. Is. S3A O. S. L. Is / ~.-i@S;2 I
canada -. 23s. .llVaiO. S. L. IS = r..tit
4. II Z. 4iss...... "a Reading = 800. NJ.
4. ~ y. S........ll9A r. g. w. ists... ~
4 NC. Ter. Is. 99s S.L.&I. NJ. en- 5S.lu9
{. IL Il 4. 4laS. 1O4S S.L.&S.F. 81 6s. lZ5N
j.. ~ X. -. Ists.10SEl st. Paul Con- 6S;2 4
=. * r.. @. ss.-..lJl IStP.C-&P- lStS-.i3l.2 Z
49, Tenn. istS.l05 IStP.C-&P. os---t21s4
S..ra tiac. is..... - $50. Railway a~s..-U>l4 |
!. ~. u -. Isis. SS15l Stan. l.. X 4. Cs ia :
ElCc. aS.....1l5 IT. p. J.. g. 1sjS.113.y
G.IL&S.A. Gs.-..-ll III. 7. Eg. 2d5... Ha.5
& HAS, 2c5.-.110 U. L. 4s-.....-.lhJ.a
IL. * Il. {. S1-..il2 lU.P.D.&G. lists. -
ii. * r. l.. en- 6sll Wabash list 5s.. .ll6ja
Ia. Central lists. l0Sisl Wabash IDS -. 81
J.. < y. Un. is. 95ls West Shore 4s...114
Con. Gs.....12O Wis. Central lists G7%
X. 4 T. Eds. 6S Colo. SO. 4s...... Sc
Y. Z. l$t&...1I4h
NEW YORK CLOSING STOCKS.
-. 2l4 st l.. & S. W. -. i
Preferred 500. CO.'S Preferred $50. 32s
&. & O.-........7 &c Preferred .....17O
Pacific. S6lGl Preferred lies
So. -. So st. 2. & Omaha. 94&
Central Pacific. $3.50. Pacific ...... 1875
Ches. & Ohio. 26kSo. Railway =. FPS
Chic. d Alton. .165 Preferred 80. 50l2
y. K Q........142%. Texas IL Pacific. p
* L. I. ...-... - Union Pacific =. 46h
Preferred ...-.12S Preferred -. 49,
Chicago q. W. Is ~. Z. ID. x o. e. IS
]. * i. ....... et&iWabaSh .. -. 81
Preferred 80. II Preferred 49,. "a
< n. w. .....I5Sa ", q L. Z. -. . . us
Preferred LEE Preferred -. 5J12
c. =. Z s. L. 5xA Adams EXpress.110
Preferred -. - Am. Express 10
Dri. > hudson. NO. I. s. Express -. %
Del /. & W. ..1Ia1a Wells-Fargo :;.i25
y >. -. ...-.. 10 Am. Cotton Oh. 3T4
Preferred ---- q Preferred ..... ~
rrle (acHe --..- I3;s Am. Spirits q. e. l44 {
lsr p.ef-r-eS..- ~ Preferred 800. 5SIs :
Fu- Ma.ns.....1S0 Am. Tobacco ...22S !
ii. Sou. rref....19J Colo. f. & L.. sc2s !
ltnuis Ce1tfai...l1lA Cors. Gas .......195h
. E 4 ". 49,. - Com Gable Co..1S0
P7ef~rre1 49,. GG9a Preferred go. "a
SnoF~ ...--2eg Cen. Electric III =
i.nh-ztan L....1.s:S Federal Steel go. 64I
.,Et. 81 iy.-...250 Hre1erred 800. S1B -
itch. Ccr:rAi ..1f Ilatnl Paper -. 52is 9
ftan. e. -. L.. 81 Freferred .-... p a
Isl rIe1e"-cd... rs tLaclede Gas 81. . . IS 4
- PA1fc 49,. sSA LSad 49,. ~& 4
q onio-.. ~ Preferred ....-l5 y
=. s. u. ..... }5 Am. Steel < W. CT. H
Preferred ..... .S53l Preferred 80. -. 4
i Ceetr2l....i-S Nat. Linsecd OH 5As N
:, y. CeE.cal ...1J9&i Pacific Mail 80. - n
:. y. {. 81 8. l.. lsi4 Peoples Gas .,.l.SA h
1T =: of--cez... % Pullman Palace.IG9 Y
- ;sSIciTea = Silver Cert. 80 4
Nest. ..... Is stan. Il. * L. .. ~ Il
-or. an. Co. -. 81 Sugar o. j.. e. ...l62ss Z
sac Pacific 49,. ~ Preferred lit Z
Preferred -. tog Tenn. e. & L.. sta Il
& W. :5ss; l.. s. Leather e. IA "
\ X. y y. $3.50. ~ Preferred 800. IS y
Preferred ..... ~ L. :. Rubber - 5ils H
ire. Shcrt Inc. iiSS Preferred .....1l62 II
c. LIST pref. ~ Western Union 80 II
ri preferred =. {. Brooklyn K. T..122 Il
'ittsburg OIL. e.. ..!S0 Cen. Tobacco 80. 50 Il
.Cadtnc .. 80. 23'e Preferred ..... IS II
ist preferred. &. Colo. Southern. G% VI
4. J.. 81 ;. (. q. a. LIST preferred. "a II
Preferred 1000. - ID preferred e. q II
I'd preferred q. 3SA Pacific Coast e.. - II
!. J.. ". =. 80. - Rock Island .....1IT II
Preferred 800. ,52 II
NEW YORK MINING STOCKS.
holar ... -. 80 ontario e. 80. G 25
rOwu Point 80. % Opair o.. 81. q. -. l % M
Cal. & Va. l 50 Plymouth 80. 10 III
,eadwood .. I'd. 60 quicksilver D. =. . so al
ouid K Curry. Il Preferred ..... : 50 III
- 80. - ri III