Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-09-19
MARKET WAS VERY ACTIVE
Bulls Have The Upper Hand IN Wall Street
Today.
ucttcr Tone Prevails Trouble Pas
sling Away Live stock
Market steady,

New York. Sept 1.-The better tone
reelected from abroad. O. strong opening
here. railroads rising quite uniformly "a
fraction. Some of the rpcclnltcs
showed larger gains. Tennessee coal adj
ynncInr 20 points. Brooklyn Transit
was lifted nearly two points but was
fpNrrlHh loo tone. Steel and wire ana
United states milling gained one. The
market was very active, The opening
prices were about the highest generally
fUr the hrHt hour. as nn attack on the
Flower group and the local issues
drove them below last night brooklyn
Transit. Tennessee coal and Manhattan
yielded over two points, ANA many
uthUrH o. point Pressure Hhutud towards
N o'clock. uul prices forged rapidly up
wurl un uu active demand. The rueuv-
cry carried some ISSUES higher than
before. Including Louisville. Manhattan,
yru Pacific ami burlington.
The bulls had thD upper hand IN the
forenoon aud found extensive covering
900 around. There were Indications ut
HuhHtuutal support Boo sensitive spots.
Average gains over last uIEht were
point iu the prominent railways, except
Nuw York Central, which was fraction
ally un uu the failure Too Increase the
dividend improvements In SOME 10 the
HpHrlIItIgH reached Sensational figures,
Tennessee coal bounded up ca, Dhlyaho
and Eastern Illinois ll and 2uI Ia
other circles. HulUH Go noon 3Glill.
strength prevailed 100 the bond mar
kpt The demand was moderate.
Public Interest Boz the stock exchange
was largely uhlfel today by thr rryuN-
cry lu prices which Hut iu yesterday
afternoon. The obvious fact that the
bears had uy,r-Hpli the market ycEtrr-
duy iurpshlduwod % rice loo prices today,
There WAS even o. party among tho
prufU sHl0uulH who had become bulls for
"a turn, having been fortunate enough
90 secure stocks ut tho low level OF yvH-
tvrluy. AuaturduyH recovery also
brought some buying orders 90 commits.
sion houses from believers lu the theory
that tho market had turned ana had
clean upward course before g. Before
the hvuUtt 81 the outside buying orders
ana Tor the uncovered shorts, prices
were opened high and the free uubluEH
ut the hlEh level made O very active
market for u little time. at the end NJ
which The opening gains lu prices were
pretty thuruughly wiped out There
WINS good buying uf number ~
standard railroad stocks which the wide
declines ui tho last few days made at
tractiyr, uui this gave q firm undertnnr
To the market The luCul traction
stocks were glrl bid up in "a way tp SUE
Kgat operations against the shorts.
There WuH uu absence NJ excitement
ami enthusiasm over tho advance in
prices due 90 "a spirit OF caution Dee
gotten by recent ,yCllulC experience
and % disposition Co await moro definite
development in money market coudl,
tluns.
The rate Tor money continued high
with light relaxation from yyItorduy'H
Htuln, the banks asking per cent
They reported quito strong demand
ON the stock exchange there was re-
lltlNvly % moro easy market GO tho
break 40 the opening OF the market bc.
cause OF the releasing off haukrrs' cor.
tiuuutos through tho stock liquidation
~ yesterday During tho forenoon
Cuylyr Morgan ~ Company lDannrd
$500 600 on Che exchange nt Z per cent
burlug Muguuu o. Company loaned
AiOhNuu ut tl per cont, sUnysr q Come
pnny loaned 100000 900 per cent. and
tho Mercantile Trust company loaned
100000 ut @ per uHnD
The CullDr became very huoyant
again, LuclAWluul rising ufrysh 10
l'lh, an DNuym' advance TO tia
other leading mcmb,ra NJ tho group
rose a'a 60 Boz sympathy Metropolitan
was marked Uu t1 los. am extreme on.
Some stocks, which had boon Qulet an
dnN marked up sharply lu response 90
the generally higher level rlttahurg.
a. e.. a 81. Louis lH and CHICAGO q
Eastern Illinois gb.
Prices improved generally iu SYM
pntly Profit taking sales took iA from
lArkuWnnnu's gain ANA 90 p from tho
other cuuloru ana nlttshurF e.. a.. q ST.
Louis \ raid on brooklyn Transit car
Hed it down 90 80 and unsettled the
whole market, bringing out very heavy