The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-09
MONEY WAS MUCH EASIER
NEW STEEL TRUST TALK CAUSES
UNEASINESS.
Amalgamated Copper Sagged, Caus-
ing Anaconda Mining to Be With
out Support-Bullish State Crop
Reports and Other Causes Started
Wheat Firm In Chicago.

pointment at the bad showing of the
bank statement on Saturday seemed to
color speculative sentiment. Sterling ex-
change was about steady and money de-
cidedly easier. Such rallies a Stock place
were feeble and in each instance brought
out further sales, leaving the market at
the end weak at about the lowest Tor the
railways. although some OF the speclaltleS
in the late selling movement retained part
of the advantage derived on an afternoon
rally Arbitrage brokers purchased some
$1,000 shares during the forenoon's weak
ness. The market continued teYerlsh
practically all day. There was forced
liquidation of marginal accounts py COM
mission houses Some important inter-
estS let go stocks on the assumption that
rather larger responsibilities have been
taken by certain under writing syndl-
Gates.
The talk of the formation of a new
steel trust with tremendous capltah-
cation caused uneasiness, in some quar-
tiers resulting in declines of over three
points in Federal Steel shares and over
two in American Steel q Wire me
Flower stocks were sold for western ana
local account, Brooklyn transit iosinS
SO; Peoples Gas S3a and Atchison pre-
ferred IA
The tenor of the crop advices was con-
nicting, but the grangers receded smart
ly, Burlington losing over points and ST
Paul and Northwest about half as much.
OF the coalers Delaware q HUDSON ana
Jersey Central were down over a point
each. New York Central suffered loss
of "a in connection with its unfavorable
showing for April compared with last
year, although this Is partly eXplalnaple
by the earlier date at which navigation
opened last year. Other weak spots in
the railways were B. az o., Pennsylvania,
Union Pacific. c. c. * St. Louis, Northern
Pacific and Missouri Pacific. Sugar and
Lead We're among the heavy industrials.
Amalgamated Copper saSged on the
curb. which caused Anaconda Mining TO
be without support. General Electric,
which rose over point, was the con-
SpicuOuS exception to the markets weak
ness. The deposit of $l0,0O0,O0l in war
rants against the treasury in local bank
which is managing the transfer of the
Spanish indemnity, was taken to be the
cause of the easier tone in money, as this
operation had not been expected until
Some sharp declines were effected to-
day in active bonds. but the higher grade
issues only receded moderately. Total
sales 81, 10000. United States new As
registered and the old As coupon adj
vanced Il, and United States new coupon,
the new As coupon, the 5s. and the is, Is
The total sales of stocks today were
] 005. $50 shares, including: American
Smelling. 400; American Wire x Steel,
T. 600; American Sugar Refining, HOO;
American Tin Plate, $500: Anacondas, a.
200; AtchisOn, 9.000; Atchson preferred.
81 600: Brooklyn Transit, 1890; Central
Pacific. AGO; c. b. * @. rights. $500; c.
Is. & Q. preferred, 200; Chicago Con.
Traction. 200: Col. Fuel * Iron. 5000;
Gas, $500: Consolidated To-
bacco, 27.20O; Consolidated Tobacco pre-
ferred. 1900; d. * r. G.. $500; d. d r. q.
preferred, 400: Federal Steel SO. 400; !
Federal Steel. 59.4s$; Federal Steel pre-
Consolidated. 10000: Mexican
Central. $1,000; Missouri Pacific. 2O.200: I
National Steel, 11.3OO; National Steel pre-
Northern Pacific preferred, 1890; Pacific
Mail, 1880; Ontario, Il 100; Pennsylvania.
SO. 100; Peoples Gas, $4,000; Reading first /
Louis & S. F. preferred, 1000; St. Paul !
8, 400; Southern Pacific. 5000; Tenn. c. x l.. !
5. 400: Texas * Pacific. $500: Union Pa
cific. ll.700: Union Pacific preferred, 14500 |
L. S. Leather preferred. 1900; L. 5. Rub /
Der $500: Wabash preferred, 5000; West
ern Union, 1000.
Bond Quotations.
L. S. Is. reg. 1912 n. Y. c. lists. .1142i I
Y. S. IS, reg...l9Ss Nor, -Pac. .lsts..l20
L. 5. n. As coup. l29i4 Nor. Pac. 4s....1q /
L. S. old Is reg..llZ@s n. Y. c. & St.
L. S. old IS coup.1l3l4 L. As -.......-..106l2 /
l.. 5. Is, reg...lll5s Nor. * West
L. S. IS, coup..lll4s con. Is $1,000. "a
Atchison As ....i0i Nor. & West
Atchison adj As. - ore. Nav. 1sts..-114
Can. South. 2ds.1l1 ore. Nav. 4s.....103
Ches. & o. 41zs. ~ O. S. l.. 6s.......13l |
Ches. & Ohio 5s. 1872 O. S. L. con. 5s.1llS4 !
{. q n. con. 7s.li4 Reading gen. As. $50 I
c. & y. S. +. r. G. ". lists. 81
deb. is ........121 St. L. x Iron NJ.
Chi. Term. 4s...1O1 con. IS ........1l0A /
d. 6, r. q. lists. 1O5lk St. L. & San f.
d. d r. q. Is. .I02l4 gen. Is ........12iiz I
East Tenn. Va. St. Paul cons. 1853
* Ga 1sts.-..l05la St. Paul, Chi. &
Erie Gen. IS. Il JAG, lists -; .1227s |
TT. Worth * St Paul Chi. &
f Ben ' City Us ist Sis So a Railway IL 5si1S
9. II. & s. A 6s.114 Standard Rope
}. H & S. A 2ds.ln12 & Irvine 6s.... S7ls /
h. q T. c. 5s. lib Tex. & Pac. 1sts.1l6 |
RI. & I. c. con. Tex. * Pac. DDS. 5i2s !
IS =. ...--...---l1212 Union Pac. As. 1862 .
la Cent 1sts..-I3 Wabash lists ...114i2 I
K. g p d q. Wabash DDS .... 99ia /
lists -. ....-.. &c West Shore As. .114l4 /
l. a \. Uni Is 9s%a Wis. Cent. lists. 20
NJ. h. ~ y. IDS. 661e Colo. South. as. SOS .
NJ. K. & T. As. 94i4
Stock Quotations.
Atchison =. 49,. 17l9 ST. L. & s. W. 1915 !
Preferred $50. 543s Preferred .... 81
Salt. * Ohio. 69la ST. Paul .I23Is
Can. Pac -. IS Preferred ITO
IAN. South. 49,. 50 ST. P. & Om... 93la
cent. Pac. ...... 47i4 Preferred lilo
hes. * Ohio. 259s So. Pac. ......... %
hi. & Alton LEO So. Railway 49, III.
hi y. q Q....13l5s Preferred 49,. 50la
hi. & E. H.. 76as Tex. q Pac -. 42%.
Preferred ...-.i20 Preferred 49,. 1914
hi. G.. W.. 1875 Wabash .. 400. IA
hi. Ind. & l.. 912 Preferred 49,. 20s;
Preferred -. 40 Wheel. q L. Z. l0l2
hi. q n. W....l52 Second ptd 80. 30
Preferred $50. 90 Adams Elk. Zip
Del. & Hudson.l16l2 american Elk. 10
Del. l.. * W....167l2 United States .. 30
,. x r. G......- 2ls4 Wells Fargo ..l25
Preferred 49,. % A; Cot. oil 49,. 35lz
erie new ..... i2ls Preferred 80. "a
First pfd ..... S312 ANN Spirits -. u
Z. Wayne ......lS4 Preferred 49,. 81
It Nor pfd Isl Am Tobacco -.213h
locking Val -. ~ Preferred LIB
illinois Cent ...Il3I2 Cons. GaslSS
AXE Erie q w. Is Com. Cable Co..17s
Preferred .-.. COB Col. +. * Iron. Az
AXE Shore -. .20O Preferred los I
.ouis q Nash. 6.24 Gen. Elec II9
ianhattan l.. .-IiS Haw. Conf Co. I22Is
bet. ST. Ry..-...130 Brook. Transit. .120Ss
lien cent Zig INT n Paper -. 504
linn < 81. L.. 81 Preferred -. 50
First pfd ....-1Go .baclede Gas -. IS
i lob. ( Ohio. % PTeferred 1 Re
DO. x. & t.. I2s Nat. Lin. OIL.
Preferred -. 35S Pac. Mail -. %
:. ]. Cent. ....ll4l2 Peoples Gas :. i20k
!. y Cent lS2ss Pullman Pal ...l56
!. Y. Chi. q ST. Silver Cert. 49,. 6l1s
J.; -.:;....... lSn Standard Rope
Second pfd =. 81 Sugar . .l5sst
.or. West ---- Sss Preferred .1l6ls
20. Amer. Co.. 10is T. c. & Iron. 59ls
20. Pac. $3.50. 1914 L. S. Leather . 6i[
Preferred -.... ia Preferred w 70i[
'ntario * W.. 24;s L. S. Rubber =. 49ss
}. 4. q n. pfd.. 81 Preferred lie
'ac. Coast list West. Union =. 91k
Second pfd A coi ., Wv. * W. ss,L
'ittsburg -.lA Preferred .... $751;
leading :. $50. 20 Fed. Steel =. - cog
First pfd ...... 554 Preferred 49, S0iL
!. G.. w. 49,. 81 Pac. Coast $50. 81
lock Island ....112Is pfd. =. 80. es
{. L: e S. F.. lo14 Colo. South. 49, 5h
Second pfd -. S5l4i Second pfd. =. Is
Stocks at London
New York, May S.-The Commercial Ad-