Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-01-02
STOCKS BOOMING
SKYWARD TODAY.

New York, Jan. 1.-The question Of
Tie continuance Of the animated specu-
latlon into the new year was quickly
settled ON the stock exchange today.
The volume OF dealings fully equalled,
II they did not exceed, the recent very
hlgh prevailing fever II was evident
from the buoyant rise in various quar-
ters that the orders We're TO- buy at the
market In such stocks as pennsyl-
Fdnia and 81, Paul the simultaneous
purchases az the opening today reached
loVOO shares each, and IN ST. Paul there
was a difference " IA In the simultane-
Gus prices paid, the extreme rise IN the
stock reaching 2's. In other stocks.
notably among the trunk lines, grang-
ems and Paciiics, there were rises OF
TO points. and Individual transactions
reaching az high as 1000 shares.
The London market fOreshadoWed the
strength here, the early advance there
showing clearly enough that many or
ders In the hands Of New York buyers
had been executed In the market by
cable, 30 as 10 anticipate the rise here.
The prominence Of the dividend paying
railroad stocks represented the excited
redistribution Of the January dividends
and interest for Teinyestment But
this January disbursement Of funds has
been steadily In the minds OF specua-
tors for several weeks past, and the
nigh opening prices induced heavy re-
alizing The consequence was an im-
mediate backward course from the
opening level and I'm some instances a
drop to below Mondays closing level.
This was notably true OF Sugar North
ern Pacific and Erie second preferred.
70 was quickly manifest. however, that
The pressure ~ sell was relaxed az the
lower level and Spectators showed
their determination 60 maintain their
holdings for greater profits. The inn
mediate demand. however. showed
distinct falling on, and the market be-
came quieter In tone by the end Of the
INST hour than for many days past The
general level VI prices was maintained
At an advance over Mondays level. and
the principal points Of strength were
Inclined TO rally easily from the re-
lapse.
The bears made a vigorous attack on
the market and some stocks which had
not established a wide margin Of gains
were forced below Mondays level To the
low price OF the day Sugar touched
10. compared with H1G, the top price
The New York public utilities We're
weak on the attitude OF the new Cover.
nor OF New York on taxation OF cor.
porations and franchises. The reac.
lions reached from ! to ~ in most Of
the active stocks. The room shorts
covered and there were some small
rallies but the closing was active and
Irregular and net changes were mixed
Bonds We're active and firm.
SUGAR.
New York Jan. 2.-sugar-Raw-
Barley steady fair refining. 37s: cen.
.tlfugal 20 test, iH molasses sugar
~ refined, easy: crushed. 600: pow
dered, 900 granulated, $50.
MONEY AND BONDS.
New York, Jan. money on call.
pen cent. Prime mercantile paper,
laq5A per cent.
Sterling exchange, firm with actual
business IN bankers bills at 5.s5Aaa
.or demand and az 4slhgLS2 for sixty |
lays.
Posted rates. lS2ais and 4.ssdis.
Commercial bills. 4HG5.
silver certificates. G4ibd65.
Bar silver-6i.
Government bonds weak. state bonds |
Inactive, Rounding 2s reg. iOg I
oupou cN int. l06. gs reg. los I
lo' coupon. ITO, new IS reg /
ma coupon, l.3S: old SIS rex. |
10. do. coupon. tx. int. LA 81 |
eg. ana coupon. ii2i.