The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-11
STOCKS IN THE EAST
Prevailing Tone of Market Is
Strong and Active.
WEEK SHOWS ADVANCES
living FEVER HAS BEEN GEN
ERAL FOR DAYS.


~. +~on that prevailing since Wednes-
earning. except that an opportunity
U'- --.r +o test il when lie bank state
W. made its appearance considering
f kind of buying J1dt mas beeh CONS
90 during thc latter part OF lis weSsee
'- ,[. extent and reason Tor some OF
.#gaures made. the market came
ll--rh rh. test fairly well the none
'-glI which struck the market when
ta- statement first appeared seemed 10
t Int a fever fit was on Wnen inc
t-grt-r closed and fluctuations Were Wllu
l--' Unsettled under the COnEl1cIng IN
"--'-..- of vigorous pressure by the
i.-e and eager support by the pOWertul
.IfaulS or frantic unloading by
Tx --eruIauve holders ana nervous
49,. r.r "a quick turn by shorts.
'---. earlier market showed very mixed
-5i-.ens. but the eager demand for
49,. .4var-rude all other influences and
s.0'-r.-,.F much effect on prices IrVm the
Irig.r which was on a heavy scale.
p..Iff. Mail jumped nearly 10 points by
L.Tf-raiut intervals on the announcements
81 me entry of Union Pacific interests
tta the directory, and Union Pacific was
I'll. notably affected. me steel STOCKS
L-,.aF wide and excited fluctuations on
,,rrrfnuaure of the heavy speculation in
49,. securities. American Hoop, Tin
T.ra and Tennessee Coal were most
-orspieuous and were marked up points
rr over When the market reiaESeu'
,E-sa stocks and other prominent indus
t-fals and specialized were most objected.
f+s5g- 10 some cases between and
a
Surprise at Advances.
The speculative world is so accustomed
., .ssradoxes that it was taken some
80 ht surprise by the logical rise in
,,r5raz = stocks which followed the cleo
zion The whole of the speculative lie
In Wall street consists OF efforts 70 an
fi.inafe future events and conditions
mus a conviction that q large demand
Is imminent for stocks prompts large buy
ju- and when the event takes place
loo 4 fra "a he
demand professional spectators are
eager sellers, not only of all their hold
i1~s but of short contracts as well. It
is almost invariably the case that events
are over discounted. Hence the pTeVa-
Irrre of the paradox In Wall stree-buy
IN a weak market and sell on good news
4rt standard maXims there. II is rarely
The ease that Wall street fails to SUI
fairutlv discount an event or d condition
especially a condition thai has been so
confidently expected as the large public
demand for stocks which was to spring
% after the election, but that is just
what happened this week
Market In Professional Control.
Wednesdays market quickly showed
she effect of tie enormous selling TO re-
alizs by the powerful operators who had
been accumuldting long stocks Tor sew
eral weeks in anticipation of the after
election demand. The concentration of
stocks in strong hands. coupled with
the frantic edEeTneSS TO buy made 1t
possible TO establish an imposing ad-
vance in prices at the outset. Not only
were holders Of long stock induced TO
realize but bear operators almost imme-
Glately began TO put out snort lines, con-
fident that the golden moment of the
elimination of rise had arrived. But
the torrent of the general demand swept
40 aII offerings i'm the market and con
timed of sufficient force to afford a
medium for continued operations for an
advance during the week, stimulated by
all the arts OF manipulation known to
eut health Of the market as the result
Of the week movements can only be
determined when something more be
c-.-az known of the character of the
buying. There has been large invest
ment buying as a matter of course. com
ing from interests acting on positive and
accurate knowledge of the properties
whose shares they sought to possess,
and who had held off from buying from
desire % see the issues of the election
1i-st positively determined.
The large demand for railway bonds
affords better index of the substantial
character of the buying than that for
stocks United States new is advanced
-y, the TetUndlng 2S, when issued, and
old +s ST. and IS and the SIS and 5S. y
per cent over the ruling call price Of d
week ago.
Bond Quotations.
L. S. Is ref reg l05ls y. J. G. gen. 5s.124ai
De coupon .lt51s Nor Pac. 3s.. ... 10
|. ,. IS reg.-....ll5 Nor. Pac- 4S....-lu5
7. :. SIS cuup--.-11Ola \. Y, &. < St.
L. %. Is reg. 1864 l.. Is ........... 106Ia
L. $. D. rs coup 1858 y. & W CON IS. 9Si1
L. = Cd. Is reg lilo Ore Nav. 1s....Iue
L. s o. ss c0Up.ll6 ore. Nav. 4s.....1J.
T. = gS leg------Il34 O. :. L 6S......124ia
[. s. 5S coup....Ilf ConsCl 5s ......114ta
ID. a. tlS-------l-tl2 Read. gen. As. Ng4s
Atch. gen. 4s...-lel4 r. q. ". Is, 9S7s
Adjustment Is. 645s St l.. & Iron NJ
Can So 2s.-----luIss cOEsOl s. ---.---il1lz
4. N o. TizS.-... HOOP ST. L. & San +.
e. E d. 5S----.. .12J general is ....1-5
4. IS y. N. CON st Paul cOn...-llg
Debsnrure 5s..II-lz St p, e < P s.. .II95s
Chic. Term. As. % So. Pacific is. $50
Colo. So ts..-.. >+le So. Ry- 5S.-..-..112
j. d r. o. Is ggls STANDARD Rope
+-Tle gen 4S...--. t3@4 x Irvine 6s.... 20
FL W. & Den Tex K Pac S..1l5
City is --...... % Tex * Pac. IS. 80
Gen. Flee. 5s.-..llS Union Pac 4s...I06
ia. Cont Is.....I151a Wabash IS ......1I6ls
777 d \ u As g9ls Wabash Is - II0l54
g. b. d r. IS a. West Shore 4s-.Il2@4
A.r Is. ol IT. As. q Wis. Cent. Is S-as
n. Y Cent. ls.-I0S IVA. Centuries. gJls
Stock Quotations.
Atcll>on --...... a5iz Union Pacific . 65af
rflg-erred 5000. 40 Preferred -.--. 1872
D.. d o-.-.------ 1gss Wabash .-..--.-. s
Can southern SIS W d L. E.. I0is
1les. d ohio 5-Ss I'd preferred. o.. y
1M- st. West. 1874 WIS trail 90. IA
g.. Is * Q------I53@s Thi' enue -.IIz
g. J. d '..----. 40 AC rs Exprcss.l55
.ii,-'lreg ----- 5,s4 ANA Express les
e. N r. i----.- 50 L. s Express. %
O. N. W---.-.-I66l5 Wells-Fargo Ex.I3c
e. p. az P---llSfs ANN. Cot Oil. 365s
--t. d. E ST. l.. 90 Preferred ..... SD
N-.. southern. GA ANN. Mailing o.. 90
IS. lHLeEF.1--- 4utz Preferred 900. Z4s,
~ Dr-tarTed.-. 15la Ann. s & r.. Boz
1884, Is IlLu-.----ll5la Preferred ..... 94ll
~. De- N N.-----1IN ANN. Spirits Gee.
ID & D. E------ "a Preferred 900. L
II.-.Tr.a --..- .sas ANN Steel H.. /.
----- -..---------. IS Preferred 1900. %
81 IeTred--- @.'s ANN. = X W. Il5s
~ \"r uta .--.i6.ia Preferred ...-. S4ss
+l-".E.H- Coal -- Is ANN. Tin Plate. 40i-
h..- Valley. 53il Preferred 900. S3i5
As. central ..--l2Zls ANN. Tobacco ..lC9
Id central ----. 1872 Preferred lbs
rhE-.-E-rd ---.. A Ana. Min. Co... 81
--t7- b. o. W .-. 3Si2 Brook. Rap. T.. 6S5s
1-.-.Lr.d -----lo6 Colo. F. < H. 46I
--at. SHORE -----luls Cont. Tobacco. 81
-"..- Is Nash. 7qla Preferred -. $751;
.-"n-afrau L....lu1 Fed. Steel ... Asa
--.. 81 kE--. --l6Ile. Preferred ..-- 567s
central coo 1872 Cen Electric lis
---.... N ST L.. % Glucose Sugar. 5N-z
-l referred -----lu4 Preferred -.--lU3
So Pacific ---. 59i. inteTnI Paper. >
'..- Is ONO Al Preferred 1000. -
~. lN. os I-.----- 1lls LaClede Gas 1900 30
NJ referred .-.-. So Nat. Biscuit 90. 39s-
~ J. '.Utral----1 55le Preferred ..... 81
~. D. central 1875 Nat. Lead -.... III
-'... * " tSI.---- fpls Preferred ...-. -
,-iE-. erred .--.. rs Nat. Steel ...... IS
-'-I- EaElfIC ...- 6l5s Preferred ... 81
fl.IeTrrd 5000 1872 y. y. Air Brake 40
S-. d. Vest Pals North ANN. 16s,
u D. o N-----.- 4 Pacific Coast 90
'-Hlt!rel ----- IS ISL preferred. 50
I'A.~ElFa1la 1895 ID preferred. -. IS
~ r.-t-iE --------. 1884 Pacific Mail 600. So
~ preferred 6l2s Peoples Gas o.. gS3s
m preferred. Boa Pressed Steel G.. Sos.
d.. Nr. N--..---.- SD Preferred ..... S1Iz
ciirlerred 1890 80 Pull Pal Car..1gi
81. l.. d san r. IS Standard Rope
81 pre- ttft,i--- t9 & Irvine .....- :
81 . -'st--r - sugar gee .-----.-l- .l9s