The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-04-12
Stocks Advanced Continuously,
With Many New Buyers.
SUPPORT OF OPERATORS
AN ABUNDANCE OF MONEY AT
EASIER RATES.
Encouragement Over Showing of
Government Crop Report and the
Fact That Administration Would
Not Call Suddenly On Depository
Banks For Indemnity Money.

New York, April 11.-Buliish confidence
prevailed in influencing stock prices to-
Gay; which advanced almost continuously
SllSht setbacks regularly bringing new
buyers. Inc final dealings were in large
volume bringing the total to nearly three
quarters of million shares. There was
CONTINUOUS support by large operators
Potent allies of higher prices We're the
showing OF the government crop report
ON winter wheat which was better than
expected, spring weather in the west,
abundance of money at easier rates and
Washington advices that a sudden call
on the depository banks for the funds 10
pay the Spanish indemnity was not con-
templated. but that the withdrawal of
government funds would be gradual as
hitherto.
A sensational influence was the knowI-
edge that presidential proclamation
that we are at peace with Spain would
issue today. The grangers were literally
purchased for western account The Van
qerbl.t issues continued in activ request.
Local transportation lines continued
strong, Brooklyn Rapid Transit making
an extreme gain of almost points The
other Flower specialties We're likewise
heavily purchased, Peoples Gas moving
up over points. Continental Tobacco's
rise of 65s was in part associated with to-
days meeting relative to d new stock
issue. The southwestern group was
active and strong. as were the iron and
steel shares. In fact before the day was
ended practically everything was high
er, the larger gains being among the
specifics. Commission house purchases
increased with the strength of the market
London was but a small factor, selling
about half as much as it purchased Gail
money began with large loans at per
cent and gradually easing off to 2m3 per
cent. The ease of money was reflected
in an appearance of more strength in the
sterling exchange market. part of which
was possibly due to anticipatory pur-
chaSeS in connection with the payment of
the Spanish indemnity.
Several foreigns exchange authoritie
claimed to have noted no such buying
hitherto which leads to the belief that
the settlement was yet to be arranged.
The market closed strong at about the
best prices.
The bonk market followed stocks, but to
only narrow extent. Total sales,
United States old As and coupons ad-
vanced Il in the bid price
The total sales of stocks today were
721 ,525 shares, including American Steel
$1,000; Sugar, 20.0O0; American Tobacco.
5000; American Tin Place, 1000; AtchisOn,
$500; AtchisOn preferred, 1860; Brooklyn
Transit. $50; Burlington. 1900; Chicago
l., 1890; Continental Tobacco. 117.490;
Continental Tobacco preferred. $500; Fed
eral Steel 1880; Federal Steel preferred,
s, 700; General Electric new. 1890; Inter
preferred, 5000; L. & n. 470O; Manhattan,
81 500; Metropolitan. 1890: Mexican Cen
trail 5,40O; Missopri Pacific, 1920; Ma
tional Steel. $500; New York Central,
3, 100; Ontario 81 Western, 600; Pacific
Mail, $500; Pennsylvania, $780, People
Gas 1850; Readinch first preferred.
%. 500; Rock Island. 1880; st. Louis <
Southwestern As 100: St. Paul, 1920:
Southern Pacific 300; Southern Railway
preferred $500; Tennessee Coal az iron,
400; Union Pacific, L, 200; Union Pac1lc
preferred 10100; U. S. Leather preferred,