Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-19
SPECULATION CONFUSED.
The Movement Of Prices at the Opening Of The
Market Very Irregular,
Sharp Rallies from Yesterdays n
IRENE Observation-Disclosures
In Steel Stocks.

New York. Feb 19.-The tone Of spec
ulation was very much confused
and the movement OF prices irregular
at the opening. The steel stocks were
especially unsettled, one or two OF the
common stocks scoring sharp rallies
from yesterdays extreme depression
and the preferred stocks showing con-
tinued strength, Federal Steel and
Steel and Wire were heavy, the FORMER
losing a point and the Reading stocks
and Southern Pacific were weak. Ma
tional Tube common and Tin Plate pre-
ferred shot up points, and Federal
Steel preferred and Tennessee Coal y
each. Delaware and Hudson moved
up point. .ott.
Wide and confusing fluctuations Of
the steel stocks were an unsettling IN
fuence. The opening depression In
Federal Steel and Steel and Wire was
not continued and they recovered their
losses. National Tube lost A.. IN all
and Hoop preferred got up two points
Meanwhile Federal Steel preferred and
Tin Plate preferred broke sharply on
profit taking. Elsewhere weakness was
general, particularly for Sugar, Brook
Ign Transit, Western Union, Missouri
Pacific and Burlington, which reacted
lWila. Delaware and Hudson slumped
49, Near II O'Clock there was renewed
selling OF the con mon issues OF the
steel companies. Tin Plate declining
3h National Tube, 8, Steel and Wire,
III. and Federal Steel a point. support
then appeared In the railroad quarter
and the gTangeTs, Pacific and Trunk
lines rallied strongly. Some Of the
steel shares hardened, but their move
ment was feverish and uncertain The
volume of business fell away notably,
Buying OF some Of the high priced less
active stocks supported the general list
for while. Brooklyn Union Gas adj
vanced two points. and Pullman. Anal
gamated Copper and Illinois Central
rose ~ TO ~. Weakness cropped out
| among the Southwestern railroads.
| Denver and Rio Grande, Texas and Pa
| cihc. Kansas and Texas preferred Mis-
| souri, Pacific Wabash and St. Louis
| Southwestern declining ] 10 2 points be-
low last night. Low prices Of the
| morning were made by some Of the
leading railroads and speclalties Be
| fore midday, there was heavy de-
| mand for Sugar which pulled II up over
9 points to 1861 and strengthened the
market all round. Bonds were irregu-
lar with marked strength In Southern
Pacifics 3h's.
CLOSING STOCKS.
New York. Feb. 19.-Closing stocks.
Atchison. 55h; do, preferred SIS; A. .
a W., 49h; do, pfd., 95%; American To
bacco, 1.l5st; American Tin Plate 63hi
do. preferred. 9S; American S. II, 2Si
do. pfd.. So: A. S. r.. 5Gh do, pfdq e5h
r. r. T., 75as b. & o. 20; Do. pfd,, So;
| {. b. a O.. l.45is. G. F. & ! a G. .
10. $685.; c. a A., S9h, do. pfd,, az; ID
& 4. G., SO; y. & IL, l.eii4 Genera
Electric. Q. 0G; f. s.. 4Sh; do pfd SiA
Glucose Sc: Illinois Central So; jersey
| Central, SO: l.. q n, 81, Leather, 1875
do. pfd.. 7lN: Manhattan, i6a. NJ. X
a. n. preferred 52is, Metropolitan
1924: Missouri Pac S6A Pennsylya'
MIA. l.iSH: Pacific Mail, 49, People''
Gas. l.00h: Reading, 500 do first pre-
ferred. az do second preferred 4lA
Rock Island. l242. Rubber, l9il
Southern Pacific. a.: 81. Paul lf9h
Sugar. l3iN: Tennessee Coal & Iron
57ia; Union Pacific 81 do, pfd, S77s
MONEY AND BONDS.
Money on coll steady at 2 per cent
Prime mercantile paper SR4iia pei
cent
Sterling exchange, firm. with actua
business In bankers bills at Slg = fo
demand. ana az s.A0A Tor sixty days
posted rates. iS5His and 4.sSgk' com
mercial bills. 4.S5A0&
silver certificates, GaSS'
Bar silver, 6lh.
Mexican dollars. AN.
Government bonds, steady; refundlns
IS registered and coupon, l.O5ss -
registered and coupon, LION; new Is
registered and coupon, l.S&; old Is