The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-04
BUSINESS AND
FINANCIAL NEWS
Confusion and Hesitation on New
York Stock Exchange.
VIGOR FOLLOWS DEPRESSION
SLUMP IN COPPER AND RISE IN
CALL MONEY.

aLN NJ 4N NNE q In AMI AASL ~
CALL MONEY.
New York. Dec. 3.-Confusion and hest
tation were reflected IN the movement of
stock prices an day, and the course OF
the market did not persist in one direc-
ton for sny length Of time The move
ment during the morning was irregular,
but leaned to the side Of depression
which gave way about midday 10 Nis
Uaous upward mOVeElent when the dD-
stTacts of che presidents message made
their appea -ance.
A slump ir Amalgamated Copper and
rise in call money rates unsettled the
market again late I'm the day, as was the
case yesterday. The sympathetic re-
action did not carry the level OF prices
back below last night as viii be seen Dy
consultation of last prices, which show
small net gains as a rule. There was
some recovery from the lowest cue 70 the
covering by room shorts at the last
The early hcaviness of the market was
due to some continued uneasiness over
the antitrust views contained IN the
presiden- message. The general tenor Of
the message has been pretty well under
stood for several days past, and what
selling was induced by its contents had
mostly been accomplished before the pub
location. The tone of depreciation OF the
habit of appeal 90 hatred and fear IN the
public arguments against the sO-Cdlled
trusts seemed To Crafty speculative SEN
timent and % amCliorate the stock mar
ket effect of the recommendations Tor the
regulation of the trusts. In consequence
the demand 10 cover by shorts which fol
lowed the publication of the message car
ried the whole market upward with con-
siderable momentum, the prices for the
most prominent stocks IA sing ucg j TO
points over last night.
The sharp break in foreign exchange
carried the rate We'll below the gold eX-
port point and relieved apprehension that
further gold would go ont this week. This
helped the midday rally in stocks, al
though call money rates were distinctly
fiTmeT and maintained above the 4 per
cent level for the most part. The rise to
per cent agaia came late in the day and
brought out heavy offerings, which
forced the rate back TO the low level of
the day. Money wa easier in London.
Paris and Berlin. The payments of drafts
against deposits of several millions of
gold al Pacific coast points is still pend
ing.
The movement of Amalgamated Copper
continued an inscrutablU mystery. The
stock recovered quite vigorously in the
morning, although the omission of a Gus
tomary extra dividend bv one of its sub
Sldlary companies was not generally
known when the market closed yesterday.
The renewed break in the raw copper
market in London ia about Saturdays
low ieTel seemed equally without effect
ON tie stock The break in the later deal
iuEs to a new low record of II was with
put explanation beyond the early unfa-
vorable developments, which seemed 10 be
ignored The stock rallied slightly and
thea became heavy again, but the general
market closed firm
Bonds were irregular. Total sales oar
vaMe), 3li000o United States bonds
were all unchanged on the last call.
Bond Quotations.
L, $, ref 2s ,as, H Gog valley,
L S. rel 2s h. & n Uni As 1o21a
coup ..---..10S2t Mex Central IS. &2la
T. 5. IS reg -i0Si4 Mex G. LIST Inc SOB
Z. 5. IS coup. loss NJ q St. J. As .103
L. S. new IS reg 1892 N. X. * T. As. 9S
L. s. new IS NJ *. & T. ends. SlB
L. S. old IS reg.iiiis \. Y. c. gen %
L. S. old IS 3l5s ........... .1O9ia
[. S. IS reg....I07is| n. P. 4s.s........I05ss
L. $. IS cOUp-..l0lis n. =. 3s--.--....- 725s
htcn. gen. -s....105Ss \. z ~. con. 4s-1O2A
AUch. adj. 4s.... 9i7s Reading gen. As. 1914
Bal. & Ohi0....1037s st. L. & l. NJ.
Bal & Ohio 3las 963. con. 5s -.......1165s
b. & o. con. 4s-105l4 St l.. & S. +.
Can. S. 2nds... 1885, Is ..-............ 971a
G. of G. 5s.......109 St. /. S'West Is. 81
c. of G.. 1st Inc. % St. L. S'west
c. q O. 4laS.-...l0llA 2nds ............ 1874
c. < o SIS. S6ItIS A * A. p.
C, b. q O. new As -.------------. S9@f
c. NJ. & St. P. S. RAN 5s.......12Ol4
sen. Is .........1l2 T. q T. lists. I1Sss
G. 4 \. con. $50 r.. 81. L. W.
C.. r. I. d p. 4s.1O63s IS ..-..-.......- 81
c. c. c. & st. l. L. P. Is .....-...10615
sen. As ....-... .l02lz. L. p. con. 4s...10i
Chi Term, 4s... 91la Wabash LIST ....ISis
Colo. x s. fs.... $685. Wabash ends ...1l4l4
D. q +. G. 4s-..105l4 Wab DEB B.. 617s
Erie pr. lien 8s.l0el2' w ShOre IS ....1l37s
Erie gen ISL. SOS W. x l. Z is. -
+. W. & ID. G.. Wis. c. =. ...... $685.
LIST O.. ..........l05li Cos. fob. 4s.... 631z
Stock Quotations.
Atchison ........ 79ls So Pac ........ 6OA
Preferred ..... 99lz SO. Railway 90. 1919
Bal < Ohio t354. Preferred .-..- g23s
Preferred ..... .5ls Tex & PaC...... 1914
Can. Pacific ....1l34 T. ST. l. & w. -
Can southern. S5it| Preferred ...-- 3ll2
Ches. * Ohio. 4Nls Union Pac..-....l02ls
Chi & Alton .- So Preferred ..... 89&i
Preferred ..... 17ia. Wabash ......... PISS
Chi lnd. x l.. 45ie Preferred ..-.- 40ls
Preferred ..... Ift w. & l.. En-. ISIS
Chi * L. Iils..-.13l2 Second pfd..... %
Chi q G.. W. 2is Wis Central 800 20fi
a preferred O.. 61la' Preferred. ..... 424s
preferred % Adams EX.....--lS0
Chi q INVEST poo American EX....2l2
C.. r. J.. q E-...147ll United States. 80
CTi. Il. q IT,. 1885 Wells-FaFgO .... $50
Preferred .-.-. Iiz Anal Cop. Y
G.. a.. c. a. ST. L. SIiz Am c. d F.. %
Colo. Southern 49,. Preferred 900. S5
First pfd...--.. 49,. Am. tinseed OH u
Second Tld...-. q Preferred 900. A.
Del a. HudSon--tH An = 4 H.. SIS
Del I. 81 We Preferred ..... 96ls
d & r. Co.. 49, Anac. NJ. Co... S0ia
Preferred ..... s3 r. r T.......... 525s
Erie ....-........ 415s Colo. F. * H.. 81
First pfd.-...-. ~ Con. Gas .......2l7ia
Second Uid----- IS Gen. EleC..-..-..-16t4
Great n pid---.lsD Glucose Sugar. 39ia
Hooking VAL -. 63 Hooking Coal is
Preferred .-.-. Si@s. Int. PDer .....--. 23fs
Ills. Central .-..la5is. Preferred GOO. 76ia
Iowa Central b.. . Int. Power ... Ssi9
Preferred ----- ~ laclede Gas 90. g21a
Lake T. d. w. Oh Nat Biscuit - 427.
Preferred Ups Nat. Lead -.--... 1871
Louis. d Nash. -lesiz Nat, salt ........ q
Manhattan L. --li1lz Preferred ---. 90
Met St. joys 10. American . "
Mexican Cent. Z54f Pacific Coast 90. 49,
EIex National. 1f2s Pacific Mail 90. 46i5
81 IL 81. l......-it 1904 People Ga ... 1914
l0. Pacific ..--10l5s Pressed s Car 4255
NJ X. d T....... ~, Preferred .. SIi8
Preferred 1905 5lel Pullman =. Car.2f5
n. ]. Central Is Republic Steel . 49,
y. Y. Central .1F1e Preferred $500 GQ
Nor IL W.. 54i. Sugar 90 - T92s.
Preferred 30. g. Tenn C. & L.. GS7s
No PaC pld...-lo0la L. b. a. p. Co. 1Hs
Ontario d W. 3i's Preferred - 49,
PenusyiVania 1855 L. s Leather. =
Reading --..-. l9lz Preferred o.. . S2N
First pfd.--..- l91s L. S. Rubber. 1873
Sccouu pfd-.-.. 1898 Preferred .. 50
ST. J.. & $. F-.. 5i T.. S. Steel...... 4gst
FIRST pid-...... e4iz Preferred . q2
Second pid----- l1l4 Western Union. Ok
St Y west. Z6i Am. Locomotive Mal
Preferred So Preferred -. IS
ST. Paul .---,..-, 1864
Preferred lilo Total sales. 1870
Leans, Exchange and Silver.
New York, Dec. 3.-Money on cali. firm.