Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-12-18
! MINING, BUSINESS AND STOCKS. /

thcy were bringing as the Erccneat ana
most untrled industrials. That
large and important financial
interests were being forced 70 make
sacrifice to secure ready funds was the
central fact standing out clearly. The
situation was such that the banks In
the clearing house association were
moved 10 a decision to charge no higher
than per cent FOR renewals Of call
lonnH to-day, ana 70 avoid NJ fat ~ pos
sible the charclng Of cxtrcme rates FOR
money The market quieted down some
what uftor this news was announces,
but before that time the fall In the
prices - stocks had extended for tie
indusiriais I'll the wa. from I TO "
points. For the railroads loracs ran
nom z tn 81. the latter Rock Island.
which suffered especially On account Of
the selling out OF some blocks under
the rule ~ the exchange.
As result OF meeting OF the clear
Ing house committee this afternoon
sio.00O.oo0 has been loaned on the stock
exchange.
AS a result Of this action by the clear
Ing house banks call money dropped to
6 per cent few minutes before the
close OF the stock exchange.
RELIEF FOR THE PANIC.
Washington. Dec. iS-Thc secretary
Of the treasury has decided 60 Increase
the deposit OF cash In national bank
dcpoEitorica TO the sum OF thirty mill
Hon dollars and possibly forty million
dollars In the banks dcposIting with
the government bonds as security.
MONEY AND BONDS.
New York. Dec. iS.--on the stock ex-
change this afternoon bids OF 90 prr
cent were made for call money and 20
per cent was asked.
call money loaned on the stock ex-
change al 100 per cent
Latcr-cnll money 1875 per cent.
Prime mercantile paper bs0C per
Sterling exchange steady: with actual
business IN bankers bills at 4s7hnA
for demand and at i.sihuA for 80 days.
posted rates is2is and iSSh. COM
mcrclal bills As0nh.
Silver certincates-5g0is.
lia. sllver-s9as.
Mexican dollars-i7is.
Government bonds weak: % regular
i.0s, ~ regular and coupon i.0gm new
"a regular and coupon i.3ah. old ~
regular. i.i3ia; old a. coupon Liz; Is
regular and coupon i.i2h.
SUGAR
Sugar raw. quiet: ronnlng. . 1915:
centrifugal gG test. ~ molasscs sugar,
BIG; refined. quiet. crushed. g-ig:
powdered. 5A; graduated. 9 3-i6.
THE AETALs
New York, Dec. is.-coppcr DUH and
easy; brokers. 1874; exchange. iGis;
casting. 1874.
Lead. steady, unchanged.
New York Stocks. Chicago Grain.
Letter and quotations furnished by u.
IL. LAWYER X Co. Salt Lake city.
New York, Dec. s.-Stocks again
opened weak under influence Of London
market. which opened strong but
turned weak. Railways were all weak,
and considerable liquidation went on.
sugar rallied To lax from the opening
but fell back TO is1. from which point
u received strong support ara rallied
above 1850. while the rest OF the market
tagged on badly. Tobacco opened on
sold to p5is, rallied to giis and then
took nnother downturn OF I'VE points.
Gas rallied from opening but was ham
inered down to ySis. Brooklyn sold un-
der %. Nashville lost point. while
Huntington fell on ga. the internatlon-
ais were very weak. Missouri Pacific
losing points. ana Union Pacific the
same. shortly after the noon hour.
liquidation ceased. there was consldera-
Bile covering and some outside buying.
which caused a smart advance TN the
entire list. Liquidation again set In and
this time panicky feeling was In full
swing. everything Joined IN a down
ward sweep that was not checked for
long time, the reaction was violent. In
case OF sugar being points. The
closing was Wild and at mixed net
chnnges. The excitement was Intense.
Chicago, Ills. Dee. iS-Wheat opened
strong and higher ON favorable cables
from Liverpool. big decrease In wheat
anoat. shrinknge In Northwestern re-
celpts and good buying by foreigners
| Corn was strong, oats steady pork
steady The first two hours Of session
were dull and prices steady. more ac-
tivity put the price up to 10i.. back to
| 1Oa and again advanced To 1Ots. After
dallying at this point wheat went to
| M for May and closed ut 1ih. Corn
was quiet and ala not participate IN
the bull movement ON wheat Pork
closed at slight declue.
SUMMARY OF PRICES.