Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-07
MARKET OPENED HIGHER.
Very Pronounced Gains in Some Leading
Railway Stocks
Heavy REALIZATION Met the Rise
Checking the Advance ~ nonds
Were Very Active.

the STOCK exchange showed lmprpNe-
ment over last nights final iigures'
IN some instances the gains were very
pronounced. including st. Paul, Rock
Island, Denver, and Rio Grande, Union
Pacific and Chesapeake and Ohio,
which We're up from to ~, Railroad
stocks were the most active, blocks OF
from 1900 to 5000 shares being bought
of Ontario and Western, Erie. Reading,
and Union Pacific. Most of the steel
stocks were point or so higher and all
the international railway stocks bene-
fitted by the strength Of the London
market on account of the reduction In
the Bank Of England's discount rate.
Heavy realization met the rise and
the advances In come of the prices OF
railroad and specialtles were wiped out
declines reaching a point In a dozen
cases. Meanwhile some Of the steel
stocks and less prominent railroads
We're advancing. Tin Plate rising five
points and Steel and Wire and Federal
Steel improving further. The Wheeling
and Lake Erie's advanced iM2ls. AT IL
o'clock the market was declining all
around outside Of a few Of the steel
properties and members or that group
were off one 70 two points.
The reaction was not checked until
number Of railroads had declined
from to points below yesterdays
close Kansas and Texas preferred,
Denver and Rio Grande, Erie first pre-
ferred. and Missouri Pacific were
notably heavy The steel stocks were
relatively better sustained but some OF
them gave way TO points from the
best. A demand for Amelgamated cop
per and Sugar developed and they
moved up two points near noon. Other
stocks rallied, st. Paul getting back to
It's opening price and Union Pacific ris-
Ing TO " and the preferred TO 9O4s.
Erie first preferred, Manhattan, Brook
Ign Transit, Northern Pacific and st.
Joe and Grand Island first preferred
showed strength.
The bond market was very active.
The demand was principally for specu-
ative issues
CLOSING STOCKS.
New York. Feb. 7.-Closng stocks;
Atchison, 54 Atchlson preferred, Ss@
American Tobacco, ll7h American Tin
Plate, 62k; American Tin Plate pre-
ferred, 81; A. S. H., 81 A. S. II. pre-
ferred 70; A. q. r., 6lih; A. g. r. pre-
ferred ,g91s h. r. r., 1874 B. & o., 9lh;
Il. & o. preferred, STA; C, b. & O.
ex-dividend, ljlA; c, c. G, & S. L., 49,
{. II. l., 46A 20. e. w, 2Ok; Continent
al Tobacco. 49,: G. & o., AIS; c. & A.,
3gA; c. & A. preferred. i5A ID, & X, c.,
Sgib; d. d r., l5iIs General Electric,
1872; r. g., 5i%: +. s. preferred, SOh
Glucose, 49% j. c., 1904; ]. c., 1853; l..
q NJ, 90. Leather, 1871 Leather pre-
ferred. T6h NJ. X. 4 r. preferred, 81;
Manhattan, llslA; Metropolitan, 1853,
Missouri Pacific. S9h; N, p, IS; N. II.
preferred, SIH; n. Y. Central Railroad
company. 1i4: Pennsylvania, 14S&; Pa
oilic Mail, 44lh: Pullman Palace Car
company. 1893; Peoples Gas, l0l Read
ing. common, 33k; Reading first pre-
ferred s5% Reading second preferred,
"A: Rock Island, 1855; Southern Pa
ciflc AZ: st Paul. 1853; Sugar, 1874 T.
c. & l., 63% L. r., 9iss, Y. p, pre-
ferred,, S9h Western Union, SO.
SUGAR.
New York, Feb. T. Sugar - Raw,
steady refined steady.
MONEY AND BONDS.
Money on call 262h per cent.
Prime mercantile paper Sq4 per cent.
Sterling exchange weak with actual
business in bankers bills at 4s7&q4S
for demand and 44hQ& for sixty
days; posted rates 4.SSah and 4.S9;
Commercial bills 4S3AG4SiA.
silver certificates Glass.
Bar silver sos.
Mexican dollars a.
Government bonds steady; ref. 2s
reg. and coup. 1O5h; SIS reg. and coup,
l.1Oh; new As reg. and coup. lSih;
old As req. and coup. 1l3lsi IS reg. and
coup. ll0h,