Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-16
BEARS ATTACKED MARKET
Heavy Decrease Of Surplus in Bank State
ment Prompted Their Action
Opening showed Changes Each Way
- The Tone Of Speculation
Was Confused.

New York, Feb. 16-There were
changes extending to point or more
in various stocks. some Of them gains
and some Of them losses. The tone
of speculation was much confused.
Burlington opened wide on the sale OF
5000 shares. selling at 1.43ls to l,44,
compared with 1.4Sh last night. 81.
Paul. Delaware and Hudson, General
Electric and Toledo. st. Louis ana
Western preferred were up point
each. Smelling broke sharply, selling
Town "a, and the preferred yielded a
fraction. The steel stocks were also
heavy, Steel and Wire and Federal Steel
going down almost point Denver
and Rio Grande declined a point. open
ing prices were Immediately shaded.
The heaviness OF the steel stocks ana
The absence of any important demand
were depressing factors. The Changers
and Steel and Copper stocks, Paclhcs'
fractions, Coalers and Sugar ali nave
way decidedly, some Of them yies,lng
well over point from the opening
There were few gains OF Importance,
including 2ls in National steel pre-
ferred.
The market was pushed up in the
second hour under the lead Of Burllng-
ton, which rallied 2% to lao with the
heavy buying. Delaware and HUDSON
touched Inv, an advance OF four
points, Tin Plate was strong at gam
of 2A; Toledo. 81. Louis and western
preferred rose 81 in all. and Illinois
Central nearly 2. The bears attacked
the market promptly and vigorously
under the showing Of the heavy de-
crease OF surplus in the sank state,
ment. d. & H. reacted 2, 81. Paul
iT. Burlington, ~; New YORK central
and Toledo. 81. Louis ana western
preferred l%, and Sugar, Tin Pate ana
Federal Steel about point each. cen
eral Electric was weak at decline OF
5ib. The amount Of stock dislodged az
the decline was not large and burning
ton and ID. & II. were supported anu
scored recoverles to the top. ms
checked the selling elsewhere but ral-
lies we're not important. Inc Closing
was dull and heavy ana geheraliy ne
low last nights level.
MONEY AND BONDS.
Money on call nominal.
Prime mercantile paper Shgi1a per
cent. .,.,,
Sterling exchange weak and nominal
with actual business In bankers bills
nj 4 s7gs for demand, and 4.S4A for six
10 DAYS, posted rates, .S5al2 and i,SS12
IA SO, commercial bills. 4.SJl4q4.A.
Silver certificates, 62q6S
Bar silver els.
Mexican dollars. AK.
state bonds inactive; railroad bonds
| steady: government bonds steady. ke-
| funding Is. 053A, Is coupon. l.O5ss IS
regular and coupon. l.lOA; new ~
regular and copuon. 1.S7a; old 4s reg
] uar, 1.13h, old Is coupon, l'lS1s; bs
/ regular and coupon, 1.lO%.
CLOSING STOCKS.
Atchison. 57h Atchison preferred,
| SSss; A. s. & W., 81; A. S. e w. pre-
ferred "a, American Tobacco HIS;
American Tobacco preferred, SEA- Tin
plate, C6M; Tin Plate preferred, %:
Steel Hope, 31ia Steel Hoop preferred,
! 1874: b. Il. r., IN; b. & o.. 9lh; b. &
| o. preferred SO; C. y. & O., lAB; c. g.
! G & st. L., 76N; c. f. & l., 49, c. @. W.,
29Ih Mo. Pacific. 9Os; Northern Pacl-
ic. sS&; Northern Pacific preferred
s7H Con. Tob., 45&; c. & o., SOS;
American Smelling. 55%; American
Smelling preferred. 9ii6; c. 4 A.. 40;
c. & A. preferred, 757s; D. & II, G., Az;
y. & H., l7lh, Federal Steel, BIS; FED
eral Steel preferred S3h Gen. Electric,
2ll: Glucose, i6h Illinois Central, 1904;
Jersey Central, 1874 l.. & ~, 9l%;
Leather 1875; NJ. X. & 7. preferred
55ik. Manhattan. ll7% N. Y, Central,
i45% Pacific Mail 4Ois; Peoples Gas,
lOl; Pennsylvania. 1917; Pullman,
2OlA; Reading. 327s Reading first pre-
ferred, 75h Reading second preferred,
i3&: Rock Island. PAY Rubber 2O
Rubber preferred, sih Southern Pact
flc. 40; ST. Paul. 1914; Sugar, 1855; I.
c. & l., So: Union Pacific, Ah; Union
Pacific, preferred, $50: w. L., So
SUGAR.
sugar-Raw steady. Fair refining,
sa: centrifugal. &c test, AZ; molasses
sugar. Sh,
Refined quiet; crushed 600; pow
dered. $50; graduated. $40.
CHICAGO MARKETS.