The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-18
Labor Troubles Play Part In New
York Stock Market.
DOUBTFUL MONEY OUTLOOK
TRADING AN AIMLESS AND IN
SIGNIFICANT AFFAIR.
Operations Were Confined Strictly to
Professional Manipulations-TriV-
ial Net Changes, Mostly on the
Side of Losses-Fear of More Ex-
ports of Gold to Europe.

New York. July 1.-THE stock market
today was an aimless and insignificant
affair except so far as the dullness and
neglect were significant of the doubt IN
many minds over the money outlook
Operations were strictly confined to pro-
fessional manipulation by the room trad
ers. This kind of trading resulted in only
trivial net changes, most OF which were
on the side of losses The range OF prices
was quite wide during the day, many
stocks at times rising shade over Satur-
day and then dropping from l TO points.
The latter portion of the day was devoted
TO a desultory covering movement which
reclaimed most of the earlier losses. Even
Brooklyn Transit which was the center
of the days weakness recovered to WITH
in Is of Saturday close, but yielded
sharply to bear pressure in the final deal
ings.
Labor troubles played a large part in
the days market, Brooklyn Transit being
most conspicuously affected by reason OF
The strike among its employees. The
stocks opened off rs and Manhattan and
Metropolitan Street Railway were keenly
affected in sympathy, the former losing
IL and the latter 3 points. Brooklyn
Transit was vigorously supported by IN
side interests and quickly rallied Z point,
giving the short interests which Is sup
posed TO DE large, small opportunity 10
cover. Later the stocks fell an extreme
"a when the news came that the street
car strike in Cleveland had been renewed,
general sympathetic strike.
Peoples Gas and Federal Steel as be-
ing Flower sDeciaities, were depressed
IN sympathy with the Brooklyn stocks,
Federal Steel dropping 49, New York
Air Brake also broke Y points and after
breaking wildly scored a full recovery
American Smelling moved upward on the
decision of the Colorado supreme court
against the constitutionality of the state 5
eight hour law, the INTERPRETATIONS OF
which led to smelterS strike. Tin plate
Cd on ha =
and the advance in the price OF the pro-
duct. Late weakness of Brooklyn Transit
and a bI eak in Sugar of nearly points
brought the most active selling movement
of the day.
There were very persistent rUmOrs that
gold would 90 from New York this week.
Transactions in the local stock market
for London account were, however IN
significant. The absence of any announce
ment of q gold shipment by tomorrow
steamer WAS Il factor in the late recovery
of the market which brought prices gen
orally back to near Saturdays close
The market for bonds was dun and
heavy in sympath tiny with stocks; Iotal
sales par value. $l.650,00O. United States
3s advanced Is and the Old As regular 4 IN
the bid price.
The total sales of stocks amounted to
SSI. 1854 shares, including American Steel,
1900: American Sugar, 2isO0; Anaconda,
u. 800: Atclfison. 3.6oO; Atchison preferred,
262O0 Brooklyn Transit. $500; Burling--
ton. Il 500; Federal Steel. 800; Federal
Steel preferred. 5000; Manhattan. 1850;
Northern Pacific. IO.IOO: Peoples Gas. s.
coo: Reading first preferred, $500; Rock
Island, 600; ST. Paul, 20,300; Union Pa
cific 400: American Cotton Oil. 100; g
& O.. 1890: Missouri Pacific, ESQ; New
York Central, 6.lO0: Pennsylvania, $500;
ST. Louis Southwestern preferred, 300
Bond Quotations.
L. S. IS. reg 1904 NJ. x. * T. DDS. GSA
L. s. IS. reg. loss NJ. X & I. As "
L. S IS coup. lJ9ls y. y. c. 1stS.-..ll2
= 8 n Is. reg-1ZJ J. c gen Sci
u s n. Is. couplSo \. Carolina Is. .-l09
L. s old Is reg. 1l2I4 Nor. Pac. Ss.....l0I
L. s. old IS coup1l2l2 Nor. Pac. IS -Iu5ss
L. 5. 5s, reg. .lll14 y: Y & & St
!: 6 !; e. SV s59iis Norfolk & West
Atchison gen 4s-lOl4t conSol IS $500 S4S&
Adjustment Is. s4s4 Norfolk q West.
Can. South 2ds.ll gen. Us ...-,-l39
Ches. * O. 4I2s. 9!1s ore. Nav. lists. IL
Ches. 8; Ohio 5s.ll9S4 ore Nav. 4s.lyls4
chi. & INVEST O. 5. l.. 6s.......l3l
Consol 7s.......1i4l2 o. ). l.. con- 5S.II3
Chi. q INVEST. Reading gen. Is. Sls4
s +. Deb. IS. l21ls r. q. ". lists. 1884,
Chi. Term 4s 99i2 St. L. & Iron VI.
D. & r. q. consol 5s - lbs
LIST pfd. .1O6Is St l.. & San +.
ID. & r. G. As. .lo012 general 6s --..l2i1s
East Tenn Va. st. Paul cons. LIZ
a Ga. lists lO524 ST. z. c. * p.
E Erie GEO %or tS & wa St ls p G & p 5s FL
Den. CITY LIST. 50 So Railway 5s. 1924
Gen. Elect. 5s...1lS Standard Rope
e. H * s. A 6S.Il3 q Irvine IS -. %
Ii. II & S. A. s.l0I Tex. * Pac. lst--I6
Hous & Tex. Tex. & Pac. IDS. $50
Central 5s IlOIs Union Pac. As. 1854
Hous. & Tex L. d. * q. lst.116
Cent. con 6s ll2 Wabash lists lie
Ia Cent Ists.ll3 Wabash IDS 49,. 1929
X c p * G. West Shore IS. .1131s
lists 80 -. 80 wis. Cent lists. 76
L & y. Uni As 1901. Colo. South. As. S9I.