The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-18
Influence of the Bear Traders Has
Been Exhausted.
ACTIVITY in STOCKS
HEAVIEST DEMAND WAS CON-
FINED TO SMALL NUMBER.
Characteristic Movement of the Day
Was In the Railways-Southern
and Central Pacifcs Both Rose a
Few Points-Easier Condition of
the London Money Market.

New York. Aug. 1.-THE stock market
showed greatly increased activity and
strength today. The strength was some
what better diffused than has recently
been the case but the heaviest demand
was still confined to 4 small number ot
stocks. The majority of the industrial
stocks We're lisJless anc heavy. This was
notably the case with the iron and steel
stocks. except for Tennessee Coal, which
has reGained points OF its decline. The
bears We're disposed to continue 10 con-
test early III the day and handleu the
Tobacco stocks and Sugar rather severely,
but even in these the bear campaign
showed convincing evidence of exhaustion
before the day was over Sugar ruled
above last nights level during the latter
part of the day. and closed with net
gain of Ia. American Tobacco retrieved
its earlier losses and Brooklyn Rapid
Transit though rather feVerish at times,
was higher all day.
The Characteristic movement of the day
was in The railways. The southern group
and the Southern and Central Pacific
stocks continued to be the center OF
Strength. with some additions TO the Tor
mer group over those which moved up
ward Yesterday. Louisville was the leader
and rose at one time nearly points,
closing a small fraction below tnai;
Southern Railway preferred continued
strong. but Chesapeake Il ONO laSSed.
The Baltimore * Ohio stocks came VlS-
orously forward into the movement. the
common rising an extreme ) points ana
tional reactions. Norfolk * western pre-
ferre1 and Mobile * Ohio shared IN the
strength. The buying of Southern Pa
cific was very large and evidently by q
powerful concerted movement. The stock
rose 2ls. and Central Pacific gained
points. There was an isolated movement
in the PittsbuTg. Chicago, Cleveland d 81
Louis stocks. the preferred rising ) points
TO par with a subsequent reaction OF ~,
the common rising rs and losing the 1rac-
ton Railroad stocks generally are nigh
he inns laan a I'll
few cases. The grangers. Atcnlson pre-
ferred and Pennsylvania were consplcu-
Gus. Northwestern gained "a; Inc ledd-
ing cause of the more cneerIul 1eeIlhS r.
garding the values of securities was the
easier condition of the Lonoon money
market. as disclosed by the weekly state
ment of the Bank of England. The rate
for money fell appreciably in London to-
day. but still rules above the bank rate.
IN: bond market did not share in the
increased activity of stocks, and changes
were small and mixed. Total sales, par
value. S9,47O.C00. United States old Is
coupon advanced a and the 5s IS in the
W Bond Quotations.
I. $. Is reg. .1OOl5 NJ, X. & T. As. 1914
i $ 3 reg. lUSlai y. Y. c. 1s...---llZ
L S IS coup. .l0Siai \. J. G gen. 5s. !zdf2
L. S II. is reg. 1894 Nor. Pac. Is. liS
L. S H. IS coup. 1901 Nor Pac 3s.---- 10T4
L 5. o. Is reg. .ll2la' Nor. rae. IS -IVo1s
L S. o. IS coup. ll3l4 \: Y, - d 81 ,o-,,
L 5. as reg......1l@s l.. As w.
I. 5 5S p---.I1l1si y. N w In - 20
d. {. 3 65s----.-.1ll General o. 800 1871,
Atchison gen. As. l0l1s Ore Nav
Adjustment As $3.50 ore: Nav; IS 100 I9s72
Can. SO. IS. Old ll92 o. b l.; es.--'-'-I7S,
q 4, o. .lfS2+ Reading gen. Is. "
- ~ 4 con. li3 r. g. W. Is. IS
Debenture 5s...l22 St. L. & Iron NJ.
Chic. Term. As. 80 consoI 9s -; Ilo'2
u. & r. G Is, St l. * san L, 20,
offered ......I66 general Is .....l4
n 4, re isl 100 iSt.-P Paul 10
Y p Y &. g. Is. 9SssI St 2, G & p Is. .12lA
Erie gen ss..... 72if st p & * p 5s. .12l$4
III " &. Den. $50 Railway 5s. .1O912
f;itv Is -. 1919 Standard Rope
Cen Electric IS. 1l6 & Irvine 6s..... $
g II. &. S. A. Is los TEX. & Pac. ..1l5
q n q s A. 2s.I0S Tex. * Pac. Is. %
II & 7. c. 5s....J1OJa Union Pac. As. .l95
Consol Is ...lI2 Wabash Is ......ll6
Ia Central 1s...-1l5 Wabash = -;-.--H9;s
K q p n G. Is. - West Shore 4s.-.l14i2
L IN. L. As. 99Ib Wis. Central Is. rs
NJ X. a T. Is. 6Sl4 c. & S. 4s......-. S5A
n,,oAa4snnC