Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-11-07
MARKET VERY EXCITED,
10 Union Pacific Excitement So Crest That
Opening Quotations We're Almost Lost,
professional Operators Prepared %
Unload on Outsiders Gains In
Market for Bonds.

New York, Nov. THE stock market
opened With excited trading and up-
ward movement Of prices. The move
ment was anticipated In the American
department In London, where prices
rose buoyantly over Mondays level. af-
ter having been rather acutely de-
pressed yesterday, while the New York
stock exchange was closed. In the OPEN
ing dealings in many stocks quotations
were wide, simultaneous prices being
paid at variation Of as much as ~
points First sales ran as high as 5000
shares IN Atchlson, which was quoted
at AAQ3ji5, compared with 33& on
Monday. Pennsylvania jumped 2is and
New York Central 1a. A number OF
other railroad stocks rose from / to IT,.
Prices In the Industrial department
were even more buoyaut. especially In
the steel stocks. Tobacco advanced a..
Con. lob. pa and Manhattan 2 points.
There were sharp reactions immediate
~ after the opening, running 10 a point
In few industrials
In Union Pacific the excitement was
so great that opening quotations were
almost lost, 1900 shares being traded Ina
the opening dealings The quotation
was 90 20 64i2 compared with 1884 on
Monday. Professional operators were
prepared TO unload on the outside de-
mand and enormous blocks were sold.
This condition caused general re-ac-
ton which was severe In some Of the
speclalties. Losses IN the railroads ala
not reach above a fraction except In
Isolated cases In the steel group Ma
tlonai Tube. American Hoop and
Pressed Steel car lost two points. the
latter having previously risen five In
1ustrlals averaged about a point off,
There were gains OF 3Q3i5 IN Consoli-
dated Gas, Metropolitan street railway.
Atchison preferred. General Electric
ana Great Northern preferred. North.
en Pacific, Pennsylvania and Manhat-
tan rose strongly again and checked the
re-actlonary tendency. The rise In
Pennsylvania was very buoyant and eX-
tended 20 four points. Northern Pacific
made an extreme gain OF 2E and Mis-
souri, Pacific. New York Central and
the gr3ngers were notably strong a, adj
Yances Of re 10 points The steel
stocks were Inclined 20 hang back ana
dld not recover 20 top prices. The 9th
or important industrials rose strongly
sugar tobacco and New York public
utilities gaining from 2 to az. the last
for Manhattan At noon prices were
somewhat OH from the top and there
was lull IN the furious activity which
had continued without abatement from
the opening
In the bond market there were gains
or / To- 2'a per cent IN mortgages with
HrnTfI1u 1.-Two
strong and active.
In the last hour when there was a /
renewed outburst OF animation. reallz- (
Ing was on a very large scale Sugar 4
was rushed uD 10 about 100. but fell I
back on q reported cut 40 refined sugar I
by rival rehneries. The steel stocks .
also relapsed sharply after manlpula- ,
ton for a rise was discontinued The .
reaction In sugar reached about two
points. The closing though less dnnnat-
ed was firm and near the top prices.
SUGAR.
sugar-Raw, dull: fair refining sI:
centrifugal, 90 test 49,; molasses sugar.
3M.
Refned-Qulet; crushed. els: pow
dered, 5.S5; granulated 575.
Money on call easier az per cent.
Prime mercantile paper, ihg5h per
cent.
Sterling exchange strong with actual
business In bankers bills AS4d4 for
demand and 4SOhGh for sixty days:
posted rates. iSl4if and 4Sj: CONNER
,iai bills A79iaNASO.
silver certificates, Gii5G651.
Bar silver. 63N.
Mexican dollars. sos.
Government bonds steady: refundne
Is reg. and coup, 1Oii5 IS coup, lO9Is: |
new Is reg. and coup, L3iia; old A. reg.
and COUP ll5h, js reg and coup.
-12h.