Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-12-27
RUSH TO BUY PEOPLES GAS
Feature Of The Opening Of the Wall Street
Market Today.
Prices Were Unsettled - RAID by the
Hears Live Stock Weak
Produce steady

the market WAS lNf iheh y" "Nf lN"fir'
gas on the reported adjustment Of cons
petition in the Chicago field. The first
prices ran from los to 10 on sales OF
10000 shares, compared with last nights
price OF 1904 Atchison was sold SIM
ultaneously at i7E down to iiis cons
pared with I7ll last night. Sugar ran of
easily about a point The tone else
where was rather hesitating, and the
price changes were about evenly Ovid
ed between gains and losses within
fractional limits
A concerted attack was made by
bears against stocks which benefited
most by yesterdays buying movement.
AS a result Brooklyn transit, sugar,
peoples gas rubber and Tennessee coal
reacted 2hQ4. The weakness spread TO
some Of the standard railroads. but only
ST. Paul Burlington, Erie, Union Pa
cinC Pennsylvania and Northern Pacl-
tic lost as much as a point. Meanwhile
Missouri Pacific forged up to 12h, and
some less active stocks We're supported.
Covering OF shorts I'm Northern Pacific
and sugar rallied them rs 10 ? points,
but the general market continued I'M
settled An aggressive demand for con-
solidated gas lifted It ~ points, This
incident had a steadying effect on the
market, but there were no notable inn
provements until ID. q L, G.. and North
ern Pacific were bid up simultaneously
90 1914 and S34 respectively. Covering
then became general and Reading pre-
ferred rose rapidly TO II and the second
preferred rallied 3 st. Paul recovered
lS Amalgamated copper advanced Sh.
New York air brake fell * and glucose
preferred T. The general market har'
dened hut the response was moderate
The discrimination by buyers In favor
OF low priced stocks was marked, new
points Of strength constantly develop
ing The Wabash stocks, T. S. Leather,
Hooking Coal North American, Mexi.
can Central and Ann Arbor were lifted
from TO 8 points. st. Paul got UP to
! .40A and sugar touched l.45H before
reactnR. American express jumped o
points on a single transaction. Sugar
reacted nearly two points on
the denial Of trade settle
ment and preclpltated a realizing move
ment in the general list. An almost
complete recovery In sugar carried
some stock with It 10 the top, but the
closing was irregular and very active.
CLOSING STOCKS
Atchlson. 46T. do. pfd., ssA A. s. &
W. 4iA do, pfd., S7h; American To-
bacco. l.l24 American Tin Plate, 56es;
do. pfd.. 81; American Steel Hoop, 32la;
do. pfd.. IS; b. r. IT, S6is b. & o., S24s;
do. pfd. S5t; G. b. & G., 1.4lh c. c.
c.. 72: G. r. & l., 5j&; G. G.. W, 1914
c. s., 57N: Con. Tob., 3sik c. 8, o., 423s;
c. & A., 30, do. pfd., 7i4; d. & r. g.,
32&; ID. q H., lbs; Gen Flee l.si;
Federal Steel, 57la: do. pfd., M Glu-
cose. l7&; I. c., 80; j. c., .46; L. & NJ
SIS; Leather, l3&; pfd. 1914 NJ. X. &
T. pfd., A.; Manhattan, l.l5: Met ST.
Ry, 1.7Oh Mo. Pac., ma Nor Pacp
S3A; 90. pfd.. 81; n. Y c.. l,435s; Pac.
Mail, a.: Pullman 2.O2 Peoples Gas
los; Reading, 25h first pfd, l04;
Rock Island, l.2OlA Rubber ~;
Southern Pacific, ilia; St. Paul .4OA;
Sugar. 1.45h: r, c. & l., 65&i y. p
77i5; L. p. pfd., ssA; W. T., SOS,
Bonds were active and irregular.
MONEY AND BONDS.
Money on call steady at 5iad6 per
cent. Prime mercantile paper 4%q5ia
per cent.
Sterling exchange firm, with actual
business in bankers bills at i,s4A 04.S5
for demand. and 4.dQA for sixty days.
Posted rates. 4.s2 and Assn g4.S6. Conn
mercial bills, 4S0hg$,
silver certificates, 64l4QG5c
Bar silver. 6ic,
Mexican dollars. soc,
Government bonds strong; United
States refunding 2s registered, l.0jA;
% coupon, .O6A 81 registered ana cou-
pom, 1Ol5; new As REGISTERED and cou-
pom, 1919: old As registered, l.l5h;
old As coupon, 1,1lia; 81 registered and
coupon, Ia,
SUGAR.
New York. Dec. 21-sugar-Raw,
steady: fair refining. 5Sc: centrifugal
50 test, 4Sc; molasses sugar, 3esc.
Refned-Quiet; crushed, &C., pow
dered g. 7Oc; graduated $500.