The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-19

New York, May 1S-Today ended on the
stock exchange with bears apparently
unopposed and in complete possession OF
the market. They made a fierce attack
in prices along the whole line in the final
hour after evidences of realizing at vari-
Gus points in the list had become quite
palpable. The largest volume of profit
taking sales came up on the market
after quite an extended list of railroad
stocks had been taken in hand and
pushed up TO a decidedly higher level.
Inis movement in the railroads con-
tlnued after the leading specialties had
been seen TO go down and gave a sugges-
ton of shifting of speculation by TAX
ing out PROFIT from the SDecialtieS and
putting them into railroads. But the
railroad list succumbed to the late at
tack. many stocks losing between l and
points. and Burlington dropping 2L be-
low the nigh point of the Gay. Practi-
cally ali the earlier gains in the railroads
We're wiped out, though small net adj
NanceS remained in a very few cases.
Prices were marked up at the opening
TO accommodate the outside public who
were coming in to buy after yesterday s
notable advances. The demand from that
source was soon satisfied and prices
yielded and the market fell into dullness
at the decline. Losses were sharpest OF
course in those stocks which have been
rushed up curing the last few days. Rail
roads showed d pretty good resistance
and Manhattan was notably strong.
touching Ia Minneapolis, ST. Paul and
Sault Ste Marie which had not moved in
a long time became briskly active the
common stock rising 1015 and the pre-
ferred az As the day progressed a large
demand sprung up for Atchison pre-
ferred, the grangers, Union and Northern
cific and other standard railroad
cks. Very heavy blocks of Atchison
ferred were taken on the rise and the
r a point
-naconda Mining also enjoyed a gain
of 324 points. 1t was under cover of this
movement in the railways that the
realizing of profits in the specialties was
in progress. Nearly all the Flower
specialties and Sugar and Tobacco be
In the attack which the bears are thus
encouraged to make on the market Sugar
and Metropolitan Street Railway dropped
over points, Brooklyn Transit AZ and
a number of specialties points or over
There was a romentary rally, but prices
plunged downward again and the closing
was very weak and unsettled. Sugar
alone rallying over a point on the taking
of bear profits. but the prices generally
ending at the lowest of the day. There
was nothing in the general news of the
day which seemed to influence the trad
ing unless it might be a further harden
ing in the rate of exchange which con-
tinues to rise and is near the gold i'm
port point in spite of the continued case
OF money and the apparent abundance of
funds. both here and in the interior.
There was no diminution in the heavy
demand Tor the new DOnu issues OF some
of the railroads notably the Central Pa
cific reorganization issues. Prices Of
railroad bonds held notably firm. Total
sales. 5000 900. United States IS adj
vanced "A in the bid price
The total sales of stocks today amount
ed 70 All shares, as follows: Interna-
tional Paper :. 100; L. & N, II, 800; Man
haitian. 20 500; Metropolitan Street Rail
way. 7i00: NJ. St. P, & s. NJ, 300: NJ.
St p. & S. Nj preferred, 800; Missouri
Pacific $500: New Jersey Central rights
4 900: Northern Pacific. 11.4G0; Ontario 6,
Western. $3.50: Pacific Mail. 5000; Peo-
pies Gas. %. 500; Reading first preferred,
Z. 100: Rock Island, 1850; st. l.. South
western preferred, 100: st. Paul. 3l.Oc0;
Southern Pacific. 17.100; Southern Rail-
way preferred. 800; Tenn. {. & l. Co.,
S go; Union Pacific. $500; Union Pa
cific preferred $500; Rubber 1920;
wabash preferred. 400: New York
Central. 400: American Steel & Wire.
Z 200: American Sugar s. 800; American
Tin Plate. 400; American Tobacco. $500; |
Anaconda 60. 200: Atchison. 500; Atchi-
son preferred 5000: Brooklyn Rapid, |
9. 800: Brunswick 1900: Central PACIFIC.
4. 200: g B. & @ rights, p 200; c. B. &
O.. q 800: Chicago Con. TT. 900; Chi |
cago Great Western. $500; Chicago Ter |
Tr-, 4. 100: Chicago Terminal Traction. . !
400: Colorado Fuel & Iron Co. 300; Con-
tinentaI Tobacco Co. 1880; Federal Steel, |
a. 900; Federal Steel preferred, 1900.