Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-18
BURLINGTON the FEATURE
lis Strength Was Great and Helped to Stop
Falling Market
There Was an Enormous Demand for
southern Pacific Fours General
Bond Market Irregular.


quite pronounced In many quarters OF
the stock market at the opening. Offer
lngs were large and losses extended
from a point to a point and a half In
Delaware & Hudson, Federal Steel, Bal
timore e. Ohio, Reading first preferred,
st. Paul and Southern Pacific satur-
days unfavorable bank statement was
the primary cause of the depression, the
showing being also regarded as very
unfavorable in London, where prices for
Americans were considerably reduced
from Saturdays closing. Burlington
was a conspicuous feature, advancing
q to 1,45% First transactions in the
stock were 5000 shares at t. 5 and It
subsequently broke on large transact
tons 10 44%. While there We're some
further sharp losses In special stocks,
the general market turned upward on
active demand for both accounts A
factor which strengthened the list was
the enormous strength OF Burlington,
which advanced to Al Other grangers
responded strongly, Rock Island rally
ing %, and the strength Of the pre-
ferred stocks of various steel Issues
were noteworthy Tin Plate rose AZ
and National Steel preferred, Federal
Steel preferred, Steel and Wire pre-
ferred and Steel Hoop peferred 1d2A.
Amalgamated Copper was taken IN
round amounts and improved IL. Del
aware and Hudson got down 10 l.6Sh
before Il met support and then sold up
az, outside Of the grangers and Few
specialties prices at IL o'clock still
averaged below Saturdays level,
There were contrary movements In the
common and preferred stocks Of the
steel companies. While the preferred
stocks advanced buoyantly the common
stocks moved downward Tennessee
Coal lost and A. s. w. and Federal
2&. Tin Plate Dtd. rose and Hoop
preferred Sh points. Federal Steel pre-
ferred and steel and Wire preferred
"a. Liquidation in COloado Fuel broke
| ID Az and lead preferred and Wheel
| ing and Lake Erie second preferred Sh
! and 2H respectively. The railroad list
became very re-actlonary after Della
! ware and Hudson had rallied 6h and
J prices Of the most active stocks We're a
| point or so below the highest.
The feature OF the bond market was
| the enormous demand for Southern Pa
cifc fours, which advanced points.
The general bond market was irregular.
After touching the lowest prices after
| 9 o'clock the bears began 60 cover TO
| take profits. There were quck rallies
of a point or over as result and the
,norket became queter, The close was
unsettled and irregular.
CLOSING STOCKS.
New York Feb. 1s,-Closing Stocks:
Atchison 56ls; do. preferred, s8%; 4, s..
& w. I'll do. preferred, 97ls American
Tobacco. il6h; American Tin Plate,
| s5b: do. preferred, 93h American Steel
Hoop, 20; do preferred 50; American
Smelling. 81; do. preferred, 95h, b. r.
II. rs: b. g.. O., 9Oh: c. b. & G.. li5N;
| c c. C. & ST. L.. 75h G. f. & l., 42%;
| c. @. W., 1915; Continental Tobacco,
4i%; c. & O.. 4OlA c. & A.. 39ls; do.
preferred, 74as; u. & r. G.. 40; d. 4 H.,
iGs%; Federal Steel, 40; do preferred,
General Electric cosy; I. c.
ls2%; ]. c i5ih; Glucose %;
L. & n, 9lh; Leather, i2&;
do. preferred, IS; NJ. X. & T, pfd., 5Sh;
Manhattan, 1.l67s; Metropolitan, l.62R;
Missouri Pacific. 81; Northern Pacific,
s27s: Northern Pacific, S2A; do. pfd.,
s7h: n. Y. c., 1Ah; Pennsylvania,
]. 494: Pacific Mail, 4Ok; Pullman, 1871;
Peoples Gas. 0Oi4: Reading, 3l%; do,
preferred first, 74is DO, second pre-
ferred. i27s Rock Island. ,A%; Rub
her 1915: Southern Pacific, 4ik; ST
Paul. I 80: Sugar, 1.3i5s; T. c. & J., 7Oi
Union Pacific, GAN do. pfd., s7%; West
ern Union, S.
SUGAR.
sugar--Raw steady: fair refining az
centrifugal, 80 test, Az /; molasses sugar
3h.
Reflned-Quiet; crushed, 800; pow.
dered, $50; graduated, $50.
MONEY AND BONDS.
. Money on call entirely nominal.
Prime mercantile paper. SkG4h pc
| cent
Sterling exchange weak with aetna
business In bankers bills at 4.Tdh 70
: demand and 4 SS%64.Si for sixty days
Posted rates. 4.Slibd4 S5ia and 4.SSq y
Commercial bills, i.S3Gis,
silver certificates, 62Q63.
Bar Silver. 6lh.
! Mexican dollars, i1A,
Government bonds steady refund
] ing two's registered and coupon, .05%.
as rog. and coup, LION; new Us res
and coup. .374: old IS reg. and coup
I .lSib; SIS reg. and coup, l.l0A.
: CHICAGO MARKETS.
PRODUCE.