Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-18
MARKET WAS VERY STRONG
Bulls Had Il Well in Hand and Realizing
Did Not Sci Il BlCk.
Northern Pacific Jumped seven Points
Railroads Well Held The
Closing Was Dull.

New York, May lS.-Wlth holiday
In London today the opening in the
local stock market was strong and
showed considerable animation. OF Erie
5000 shares sold at 1914 TO 3Sh, COM
pared with S7% last night and 1000
shares OF Union Pacific at 1O9h to 10,
compared with 1878 last night, The
southwesterns and the local fractions
were notably strong, with gains OF
about point to IA. Sugar and Tobac-
co were the only stocks to show heavi-
ness, but the former stock rallied
quickly, The bulls had the market
well in hand and the improving trend
Of values was not retarded by realizing
IN Few leading stocks, principally st.
Paul and Union Pacific. Confident buy
ing Of Atchison rushed It up 25s TO S0ib,
ana there were 2 point advances IN
Manhattan, Great Northern preferred.
Baltimore & Ohio, Illinois Central
and North American. A jump of Z
points to ll5 occurred in Northern Pa.
cliic on a purchase Of 100 shares.
A raid on Sugar lowered it nearly 2
points before II o'clock, which caused
other speclalties to react. Railroad
stocks, however. were well held on the
extensive demand for the Atchislns.
southern railway common and Erie
common. There were some further
gains after II o'clock. Atchlson rose
an extreme 81. Brooklyn Union Gas
O. Laekawanna 3i5, Rock Island 3. Ma
tlohal Lead rs, and the preferred 6A.
The market became very duh and
sagged away previous to the appear
anee Of the bank statement which was
a disappointment in the decrease shown
IN cash reserves. Prices fell back
point or more In spots The closing was
dull and quite weak except for the
resistance Of one or two stocks.
CLOSING STOCKS.
Atchison Slis; do. preferred SsN:
American Tobacco 1868, A. S. Il, 81:
40. preferred g6Is; b. r. r. Il; b. & o
lO4n' do. preferred SO; c. e. n @. 1877:
- r. J. 80; G. q. W. 81. Continental
Iobacco 5b9s; G. 4 o. 4S% G. & A. AZ:
DO preferred 50; Chicago Terminal 229.
90. preferred 43R; d, & Il. G.. Az p.
* II. l6i, General Electric 223, Illinois
Central $40; l., & N. lO4. NJ. X, q n,
preferred 51lg; Manhattan ll7A Metro
politan Street Railway company 16s:
Missouri Pacific 1851 Northern Pacific
l55la n, Y, c. 1888; Y. S. Steel i5h: do.
preferred 94is; Pennsylvania l4Tis: Pa
cific Mall 35A Peoples Gas ia. Read
ing 40M; do. first preferred 7iib: do.
second preferred 5lR Rock Island 1884,
Southern Pacific 49% Sugar 1885,: st.
Paul 1919; Southern Railway S0h; do.
preferred So; T. G. & !. bS, Union Pa
cihe 1919 do. preferred 9lA; Western
Union 93h
MONEY AND BONDS.
Money on call nominal.
Prime mercantile paper 49lk per
cent
Sterling exchange nominal with actual
business In bankers bills at ass for de-
mand and 4.SihI4.S5 for sixty days;
posted rates. 4S5laq4.S9; commercial
bills, 4,S3% "a .siA.
Bar silver, Coo.
Mexican dollars, 49c,
State bonds inactive. railroad bonds
flrmer; government bonds steady; re-
funding 2s reg and COUP .06A: 3s
reg and coup, 1.09; new As reg. and
coup, l.SS: old reg. and coup, 1isia;
SIS reg. and coup, 1.0S&.
SUGAR.
Sugar--Raw. firm; fair refining, 3&;
centrifugal 90 test, 9-32: molasses
sugar. 81; refined quiet crushed sos;
powdered 3 60, granulated. 5.55.