The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-14
WALL STREET RUMORS
Stocks Fluctuating With Reports
and Denials of Stories.
ENGLISH MONEY MARKET
MAKES ITSELF FELT ON THE
NEW YORK EXCHANGE.
There Was Some Activity In Anal
ENGLISH MONEY MARKET
There Was Some Activity In Anal
gamated Copper In the Outside
Market, the Shares Rising Above
9o-Local Money Market Easier
In Tone-Dealings In Grain

New York July 13.-The heavinesS which
was predominant in the stock market to-
day represented the shifting Wall street
sentiment regarding the money situation
more than anything else, though it was
emphasized by the reported Bank of Eng
lands minimum rate OF discount TO 80
per cent and the acute weakness OF the
local traction stocks. especially BROOKLYN
Transit which lost over II at one time.
Wall street had it that strike mad
actually been declared and the stocks LIP
that group rallied when this canard was
denied. Wall street seemed TO lay more
stress on the advance in the Bank or Eng
land rate than London itself The STOCK
market there was duh but prices, esoec-
tally of Americans, were well maintained
in spite of the rise in the rate OF discount.
There was a sharp rally in British consols
and in French renteS and foreign markets
seemed to be relieved from the tension of
apprehension over the Transvaal situa-
tion, but nevertheless prices of the inter-
nationals led the decline in New York and
many stocks had fallen a point in the
course of the first hour, the grangers be-
ing conspicuous.
Sugar developed early weakness and
only partly recovered its decline The
southwestern stocks offered a. point Of re-
sistance, Missouri Pacific leading, as was
the case yesterday, and st. Louis SOUTH
western preferred and Texas Pacl1lc Ioi-
lowing the rise. Anaconda was also strong
following London's lead, and was one Tune
up points.
strength in Amalgamated Copper IN the
outside market, the shares rising above
90. During the afternoon strenth develop
ed in Federal Steel American Steel &
Wire, American Car preferred and Cotton
Oil, which induced general recovery in
the specialtieS. Northern Pacific rose to
81 in the late dealings and checked the
declining tendency on realizing. New
York Air Brake, after an early decline.
jumped az points. and Mobile q Ohio rose
5. The local money market was easier in
tone but operators who bought yesterday
on the prospect of a favorable bank state
menI were inclined to feel that they had
exaggerated the prospective benefit
There were realizing sales from this
source. New York CentralS increase in
gross earnings for June of Sl6O0Si helped
the late recovery in the market. The
close was about steady at mixed gains and
losses.
The railroad bond market was rather
dull and irregular, the southwestern rail-
par value, 81 SIS, coo. u. S. old IS registered
declined u in the bid price.
The total sales of stocks today were
414.Sl9 shares. including American Steel.
II 200; American Sugar. q, 500; Anaconda,
%, 900; Atchison preferred, 81 coo: Brooklyn
Transit, 61310; Burlington, 49, 200; Cont
mental Tobacco, 4S00; Federal Steel. $500;
1000; Northern Pacific %, 100; Reading
first preferred 400; Rock Island, 400:
st. Paul, 10 100; Union Pacific. 3, 200; Union
Pacific preferred, $500; American Cotton
Oil 500; Brunswick Co. 8. 200: Ches. &
Ohio. 1850; Chicago Great Western, 1900;
Missouri Pacific, 1920; New York Cen
trail 6,G00; Pennsylvania, G,500; Tennessee
Coal & Iron. $500; Texas Pacific 1860:
Wabash preferred, 7,S00.