The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-21
DEALINGS WERE LARGE.
Stocks Which Made Big Gains Were Sold by
Traders, Sending Active List off.
Southern Pacific Was in Brisk DE.
mand-DenVer and Rio Grande
Rose Nearly Point.

New York, Aug 21.-The London
market showed an indisposition to fol-
low Saturdays rise here, but very
heavy buying orders in some stocks at
the opening here lifted them to high
er plane. Tennessee Coal was quickly
marked up AZ to par, but fell back 2
points, There was a large demand also
for Southern Pacific, lifting it almost a
point The grangers, Arch,son pre-
ferred and the Baltimore and Ohio
stocks We're in good demand, but did not
hold the opening gain in all cases.
Some of the industrials, notably Sugar
showed a sagging tendency.
Dealings were very large in the active
stocks. Stocks which made large gains
were Immediately sold to realize by
traders and the active list ran off all
around.
Substantial gains occurred in a few
isolated cases, including Pacific Coast,
International Silver, Federal Steel,
Colorado Fuel and Hooking Valley pre-
ferred. American Tobacco advanced 8
points and the market hardened in
sympathy some stocks recovering to the
best. The market was unable to with
stand a raid on Brooklyn Transit which
drove it down to / %. Short sales as
sisted the break, but the offerings of
tired holders were large. Marked at
tention was paid to other specialties,
Tobacco losing 8 points, Metropolitan
Street Railway and Manhattan . and
many others a point and over. Rail
way stocks succumbed sharply in spots
with New York Central, Southern Pa
cific and Delaware and Hooking VAL
ley conspicuous. Towards midday
pressure ceased and Brooklyn Transit
recovered to 1.06Sl and Denver and Rio
Grande rose nearly point. Light frac-
tons We're the rule elsewhere. Good
support was extendS1 to the bond mar
ket, some active issues rising notably.
Southern Pacific As and Colorado Mid
land PAS were most in demand.
The bears continued a renewed at
tack on Brooklyn Transit with a raid
on the Flower group generally.
Brooklyn Transit lost an extreme
SIS to 1.035s.
Declines in International Paper were
s, Federal Steel 25s, Peoples Gas rs
and Rock Island two points. Rallies eX-
tended TO rs in Paper, 21s in Tarnsit
and a point in others except Rock ISL
and.
In the railway list losses were frac-
tional. Oregon Navigation preferred
jumped two points and Colorado Mid
land preferred IL. The closing was
dull and unsettled with earlier gains
wiped out except in a few leading
stocks.
SUGAR.
Sugar, raw, irregular and quiet; fair
refining, 4; centrifugal, Sc test, 9-16;
refined, unsettled and lower; crushed,
1916; powdered, SIS; granulated,
SIS.
MONEY
Money on call, firm, at 2A per cent.
Prime mercantile paper, 4A05 per cent.
Sterling exchange, steady, with ac-
tual business in bankers bills, 4.S6A
a y for demand, and 4.S3A for 60
days; posted rates, 4.S31a a 4.S4, and
4S7 a y; commercial bills. 4.S2A a q.
Silver certificates, 6O15 q 6112.
Bar silver, so.
Mexican dollars, AIS.
Government bonds, strong; IS, reg,
1 coz; IS, reg. and coupon, 1.0sSs As,
reg. and coupon, 1908; old As, reg,
1.121k; do, coupon, 1.1S; IS, reg and
coupon, l. 112s.