The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-08-08
Spirited Movements In the New
York Stock Market.
UNION PACIFIC R.
RISES
CAUSED BY AN ADVANCE IN
NORTHERN PACIFIC.
Attitude of Spectators Generally
Waiting one-Was No Severe
Pressure to Sell-Attention Still
Keenly Conferred In the Money
Market-Dealings In Grain.

New York, Aug. 7.-Today's stock mar
ct was largely professional and seemed
30 move in response to the closing out OF
speculative accounts rather than from
any new ventures A group of specialties
which wers lifted last. week. reacted
Sharply on profit taking, while those that
had been raided by the bears last week
tended toward recovery. The tobacco
stocks and Tennessee Coal were most
acute sufferers on realizing. American
Tobacco fell off 2I2 points with only a
fractional rally ana Tennessee Coai
dropped an extreme "a. The Continental
Tobacco stocks and securities OF com
panieS directly or indirectly IN the steel
trade were also affected. There was a
continued advance reaching IA. rms
stock became feVeriSh in the late tradlnS
and closed with q net gain of "a The an
nouncement of the purchase OF receivers
certificates by the reorganization commit
tee may have had TO do with the strength.
Support was manifest in the Wisconsin
Central issues and the Pittsburg, c. Z. q
St. L. stocks closed 1d2 points higher re-
spectiVely on the DAY. There was
strong upward movement in Northern Pa
cific from the extreme rise reaching ii
This induced bear covering IN Union Bacl-
tic, resulting in rise OF point IN mat
stock. The smelling stocks were very
firm and in the late dealings New YORK
Central was lifted = on the good showing
OF July earnings. while PennsylVania
Lackawanna dropped 2l2 each.
The attitude OF spectators was for the
most part a waiting one, and there was
no severe pressure TO sell. notWlthStand-
ing the low state of reserves shown by
Saturdays bank statement. Money con-
tinued in supply at per cent The bank
holiday in LOnoon left no means of
guaging the money market there, but the
advance from Az 10 per cent of German
imperial banks of discount reflected the
continued process of drawing in of credits
a no | rg n M
vent "A fail OF a traction OF the rates Tor
sterling exchange in New York. There
was no sign OF acute apprehension over
the money outlook in the stock market.
But attention Is keenly centered on the
money resources of outside domestic cen
ters with view 10 estimating the de-
mands which will be made on New York
Kansas City. Pittsburg & Gulf nrsts
rose per cent on heavy purchases and
reacted per cent. Otherwise the bond
market was dun and heavy. Total sales.
s, 10000. United. States new Is advanced
y per cent in the bid price.
Bond Quotations
L. S. IS eg.....1O012 X c P & G.
L. 5. IS reg.....l0S14 lists ............ y
L. ). IS cOup.---l0S5s L. GS y. L. As. 993s
L. S. new Is reg.1Z9s4 NJ X. K T. 2nds 6s14
L. S. new Is NJ X. * I. As. 9212
coup ......-...-129s4 y. Y. Z. 1sts...-1l2
L. s. old is reg ll254 y. J. c gen. Is. l2O
L. S old as n. ?. 1sts.......1I3
coup .....-.....l13i4 y. p. 5s.......... 81
L. 5. IS reg.....lll$4 y. p. 4s......... .102l2
L. 5. 5s coUp--.-1ll@s y. y. G. * ST. l..
Dis. .. > 65s..-..112 IS .107ia
Atchison gen. 4slOl5s \. &, w. con. is. BIS
Atchison adj. As. S512 y. q w. gen. 6s. l55
Can. 5. 2nds..-..ll0 ore. Nav. lists. .l13
c. * o. HIS. 97M Ore. Nav. Is. ....l0l
c. * o. .1lSl2 o. 5. l.. 6s.......l50
{. q y. con. 7s.l43jsiO. 5. L. 5s.....ll3
e. x y. S. +. Reading gen. IS. S11s
deb. 5s.......... 12224 r. q. w. lists. 81
Chi. Term. As. 1884 ST. l.. & l. NJ.
D. q 4. q. lsts.106 con. 5s .........1131R
d. * Z. q. lists. .l06 St. l.. * ). L.
d. * r. G. As. 1915 gen. is .........124
Z. 7. Va. & Ga. St. 2. con........ll01a
lists ..........-.. 9Sss ST. p. {. * 2.
Erie gen. Is. = lists ............l2ll4
f w * ID. c. St. =. G. & =. 5s. l2I5s
lists ............ 49, So. Rail. .l09I2
Gen. Eiec. 5s....i1Sl4 5. 7. r. & I. 6s 81
q. II. & S. a. T. * z. lsts....1l5
Is ..-...........110 7. * Z. 2nds.... 55is
G. II. & 5. A. L. p. 4s...-......lO432
ends ...........111 iWab. lsts........117
II * T g. 5s...1l0%4 Wab. 2nGs........l0O
Il * T. c. con. w. Shore 4s.....Il4
6s .....-......-..111 Wis. c. Ists..... 1914
Iowa =. 1sts.....114