The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-20

New York, April 19.-There is a certain
contingent of stock exchange spectators
who base their ventures for the day on
the tendency of prices displayed at the
immediate opening of the market. To-
days initial trading gave promise of an
active and strong market and these
symptoms accordingly induced some out
side buyers but there was a development
of weakness in the afternoon
The early demand stimulated by me
decided strength displayed by the
granger group, which was helped by re-
puted more favorable climatic conditions
in the wheat belt and an encouraging
statement by the government of the gen.
eral crop conditions. These circumstances
caused relapse in wheat prices which
were also influenced by heaviness in
Liverpool Interest ran mainly TO rail-
way stocks and some OF the inactive Is
sues became prominent, particularly
Great Northern preferred, st. Paul q
Duluth and Wheeling u Lake Erie. 1t
must not be inferred that there was an
entire abandonment Of professional opera
tons in the specialties as these proper
ties were utilized at times as a lever TO
enhance or depreSS values of other shares.
in fact the afternoons weakness could
be directly traceable to a brisk selling
movement in the high priced sDecialties
which received momentum subsequently
through liberal offerings of the grangers
on late reports of crop damage. Inls
statement was colored to some extent by
a. sharo rise I'm wheat with the shorts
covering heavily. The late break en-
tirely eradicated the gains in the railways
and put many of the specialties consider
ably below last nights close Brooklyn
Transit, Manhattan and Tennessee Coal
d Iron yielded the most readily.
Pronounced strength was displayed in
Colorado Fuel * Iron shares. which re-
tanned advances of over > points each in
the common and preferred on rumors
pending favorable developments in the
efforts 10 harmonic the conflicting ee-
ments in the anthracite coal trade and
the adoption of a schedule of prices for
the spring caused sharp advances in
these stocks which moved counter to the
general market at the close. The market
ended irregularly, with the railway list
little changed.
Good support extended to the bond mar
ket and some substantial sales resulted
on active demand. Total sales, $4,000
United States IS coupon, As registered and
OLD IS registered advanced Is in the bid
price.
Total sales OF stocks today were 5S2OSl
shares, including: American Steel, IL 800;
American Sugar, 12,300; Anaconda, 1000:
Transit, A., 400; Burlington. ~ 300: Chi
caSo Con. Traction, 1O.400 Chicago
Terminal l. r. $500; Colorado Fuel 81
Iron. $500; Continental Tobacco. 5000;
D d & Hudson; 6,4O0: Federal Steel.
$500; Hooking Coal x Iron. 4, 400; In
ternational Paper, 1900; Kansas * Texas
preferred, 4,100: Louisville & Nashville,
Zoo; Manhattan Consolidated, 1920;
metropolitan. 1900; Mexican Central, 1900;
Mexican Mexican National certificates; $500;
10000: Norfolk d Western, 1000: North
American, 1850: Northern Pacific 300;
Ontario * Western, $3.50; Peoples Gas
$500; Reading first preferred. $500 Rock
Islands, 300: St. Paul. -. 300; Southern
Railway. AGO; Southern Railway pre-
feTred, 1000; Tennessee Coal & Iron. 400;
Union Pacific. 5.400: Union Pacific pre-
ferred, AGO: L. S. Leather, 5000; Wheel
ing & Lake Erie, $500