The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-12
Losses In Mondays Stocks Are
Made Up.
STRENGTH IS MANIFESTED
CLOSING PRICES BUT SLIGHTLY
BELOW SATURDAYS.
In Some Exceptional Cases Were
Sharply Above = Money Held
Firmly About the Legal Rate For
Call Money-Movement In Great
Trunk Lines-Wheat Market.

New York. July 1.-THE stock market
strikingly demonstrated its inherent
strength today with a practical recovery
of yesterdays losses. The closing prices
today were only slightly below those of
Saturday and in some exceptional cases
sharply above The only conditions IN
which any change had taken place were
purely technical These were the elimina-
ton of a weakly margined long account
and the creation OF a short interest Lon
don begun to sell stocks in New York
at the opening today as it did yesterday
but instead Of coming upon large
amount cf nearly exhausted margins as
was the case yesterday the opening ue-
cline invited buying 10 cover the short
contracts put out yesterday
The buying from this source afforded
the principal support 10 the market IN
the early dealings. 1t was particularly
marked in Sugar and the New YORK
traction and gas stocks which suffered
most severely from bear ralqlnS yestef-
day. By the time this short interest had
been covered the market came TO d
st;lndsdll, the bulls apparently lacking
courage TO push their advantage IN lace
of the continued frmnesS OF the money
market, which held quite firmly about the
legal rate for call money. Slightly before
noon, however, a determined buying
movement developed in the great trunk
lines and with occasional intervals or
dizziness, continued for the rest OF the
day, spreading from one group to an
other until it embraced pretty much the
whole list. The agreement among the
trunk lines TO restore rates on gram
to the seabOard was apparently tne
cause of the origin of the buying in that
group St PauTs increase in gross earn
ings for the first week in July or S2V5SZZ
prompted the buying Of the gTangerS.
Northern Pacific scored brilliant az
vance, recovering more than its dividend,
which was off today. After fractional
reaction on professional profit taxing,
prices were marked up again 10 near the
best in the closing dealings.
Bonds rallied somewhat from the early
weakness in sympathy with stocks but
are slightly lower on the day. Iotal safes
par value, S2,US0,00J. United states new
As registered declined a and the old IS
registered Is in the bid price
The total sales Of stocks today amount
ed TO 395. 53S shares. including: American
Steel, 10000: American Sugar. 2i,fO; Ana
conda. 3.0O1; Atchison. 900; Atcnlsoa
preferred. 80 1O0; Brooklyn K. T.. ?, lo0;
Burlington. 14.50e: Federal Steel; 5,0JO'
Louisville & Nashville. 600: Manhattan
$3.50; Northern Pacific. I,9O; People.
Gas $500; c. * \. v, 3,100: Rock Island,
preferred 1900 Union Pacific. 800; Union
Pacific preferred 500; American To-
bacco. 6.59e, {. & O., II SO; Chicago Great
tinentaI Tobacco. 3.Go6: Missouri Pacific,
1900: New York Central, 6.o9v; ontario
Western. 1000; PENNSYLVANIA, 5000; st. L.
z.Oc0: Tenn. {. q l.. 1900; Texas Pacific
$500; Wabash preferred, I40e.
Bond Quotations.
L. S. .. reg....10l NJ X q T. IDS va
L. ). IS, reg...lUSss NJ EN- * 1. IS - -
II s As. coup 1891 y. /. Z. 1sts.-..ll3
L. S n. IS. coup.l30 y. j. c. gen. 5s.120
Il S n As reg.13 Nor. Pac. 1stS-..ll3
L. s. old IS reg.1l2 Nor. Pac. 3s---.lOi
L. 5. old As coup.ll212 Nor. Pac. as 1854
=. :. 5s, reg. -ll21e n y Z. d ST..
L. :. IS, coup...li212 l.. Is -...---.---lxI
d. of {. 3 65s--.-ll9 Norfolk * W. 90,
Atchison. gen 4s.lU212 conSol IS 49, Sir4
Adjustment As % Norfolk * W.
Can. South. 2ds.1n general Is ..-.-l59
Ches. & o. as g75. ore. Nav. lists. III
Ches. * Ohio 5s.1l9 ore. Nay 4S---lJzA
Chi. * invest. O. ). l.. 6s l5z
consol Is .l45ss .. 5. J.. con. 5s-ll3
Chi & invest. Reading gen. IS. sS14
5. r deb Is .12el2 K. q ". lists S5le
Chi. Term. As. 99S4 ST. l. q iron M 900,
d. * +. q. consol 5s -4l594
Isl MD .-.l06 ST. L. az San +.
D. & X. c. 4s.... 100 central 6s ..R4
East Tenn. Va st. Paul consols 100
q Ca. lists 10574l St. p. g. x z.
Erie gen. is go. 72l2 lists .-.......12lA
1t. W. * Den. St +. g d +; IS u
CITY lists - 500 So. Railway IS. 1854
Gen. Elect. 5s..-1l9 standard Rope
q Il q S A. 6s.l0I x Irvine 6s -. SOS
G. II & S. A. 2ds.113 Tex. * Pac. 1sL1l5
Houston a Tex. Tex. * Pac DDS. 55is
Central Is ilOih Union Pac. As. 1852
Houston &, Tex Wabash lists ....1i6l2
Central con 6s.ll2 Wabash 2nds ..l02S4
Il. Central 1sts..ll3 West Shore As. .llt44
X q p. & G. list. 50 ! Wis Cent. lists. 1872
l.. K y. Uni Is. 9S9s Colo. South. IS Sa12