The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-06-08

NOTHING DOING
IN WALL STREET
Stock Markets Week Marked
by Dizziness.
EFFECT Of COAL STRIKE
FINANCIAL CONDITIONS FAVOR
ABLE TO VALUES.
EFFECT OF COAL STRIKE

Y dull week in the stock market
the volume of dealings for Tues
day running down to the lowest totaI
for any one day in nearly two years
The general choice Of the market was
one of waiting, but there was evidence
Of liquidation by some tired holders
and the professional element on the
exchange were alternative TO rumors Of
the formation OF a formidable beay
party with a campaign against prices
in view. The great bear leaders OF
past campaigns have been committed
TO the protection of various important
stocks for some time, and this has been
an important element in the sense OF
security in the stability OF the market
that has been felt. The anthracite coal
strike has been a more or less de-
pressing influence and has served to
discourage any attempt to advance
prices IN other parts Of the list. There
were efforts apparent by pools in one
or two cases TO advance prices after
the first Of the week, but the lack of a
market to realize on after prices had
been lifted discouraged these efforts
and the market fell into a state OF
profound neglect. There can be no
question Of the heavy loss in earnings
OF the anthracite mines and the with
drawal of the principal items of traf-
fc from the coal roads. The calling out
OF the engineers and pumpmen and
the struggle on the part of mine own
ers to keep their pumps running and
save the mines from damage by flood
ing have added to the depressing inhu-
ence Of the strike on values. The In
creased bitterness and hostility result
ing from the continuance of the strug,
gle has added 70 the anxiety which II
causes. The stocks Of the COalers
themselves have been wei supported
and have not suffered acutely. but the
effect is potent on the market at large.
Whatever expectation was INDUCED
that the declaration Of peace in South
Africa would result in Immediately
stimulating the securities market was
promptly. dissipated on Monday. when
II was seen that the order Of the day
in London was the taking Of profits by
American holders of British consoIs.
This operation would naturally tend to
replenish the supply Of sterling ex-
change IN New York. The higher rate
for money which resulted from last
weeks large loan expansion by the
banks was, at the same time, an inhu-
ence deterrent to making remittances
20 foreign markets. Despite this the
course of foreign exchange has been
upwards, due to demand from bankers
TO cover maturities on bills sold here
before in the course of borrowing i'm
foreign markets The foreign borrow
ings by American capitalists were
known TO be very heavy at this time,
AMI the effect Of the maturing of these
loans from time to time during the re-
mainder of the year is the subject of
much conjecture. Much depends. OF
course, upon the volume of exports OF
cur maturing crops. The promise of
a plentiful corn crop and especially the
fattering report of the cotton crop
prospect by the government weather
bureau are received with qualification
on this account. Great Importance il
attached, also, to the ultimate effect OF
The B0er peace in awakening activity
in business and industry abroad. Aside
from the labor troubles and the future
needs TO be met by the money market
financial conditions are now almost
without exception favorable to values
The UndertOne OF hrmness and conf
dence in the stock market is in accord
ance.
There has been some liquidation of
speculative bond issues. and an irreg-
ular tone in that department Of the
market.
United States 2s registered, the IS
and new As declined a. and the 2s
coupon and old As Is per cent from the
closing can Of last week.
Bond Quotations.
L. S. ref. Is. reg.1OSlkILs. & n. u. Is. .103iI
Do. coupon ...lOS34. Debenture 3 O.. "A
u. S. IS reg......107 l2IWest Shore As. ..1141.
DO. coupon ...l0lA|W. & L. T.. As. %
Y. 5. n. IS reg..l Wis. Cent. Is. 93i.
Do. coupon LBS Erie .. lien IS. 1905.
T. s. o. Is reg .109lzf General As .... S7z
DO. coupon .-.110lz Peoples Gas ...10l
u 5. IS reg....,.l e0l4 Pressed S. car. 46i.
DO. coupon ,..105h Preferred ..... 81:
Atch. gen. .103l2.Pull. Pal. Car. .232
Adjustment As. "a Repub. Steel &C.. Tx
y. q Q. 4s.......lQ212 Preferred Gee. "a
Conv. As ......l07 Tenn. c. & L.. 62l,
Can So. p -----l09 Union B. & P. IS
G. Of g. 5s,.,....10Si5I Pacific Mail zee. $685.
C. & o. as. .10S ~ =. 9Jn5sia .lgS
@. & a 3IAs..... S5ik Nat Lead ...,. %
G., 3. g. Q. n. As 96lsI North Ann. q. .lg0
c., H. q St. =. Pacific Coast D. So
general IS 49,. .115h ILaclede Gas -. s.
G. & n. ". con- Preferred 49,. IS
sol Is O.. .......14o Inter, Paper So. 20l
g, =. I. g. p...I12It Can. southern. 94i.
G. g. G. & st. J.. Can. Pacific 1851
general As ,...l02lzl San Ant & Ara.
chic. Term. as. 30 Pass Is ........ s0L
Hook Val. as ,u05ti Preferred 49,. S4i
Con. Tob. 4s..... 81 4 Preferred ..... S2l
Colo. a. So. As. IS IU. s. Rubber. 49,
Preferred ..... SIS Preferred ..... "a
O.. & y. I.......160 Wabash 2s ......1l2
Chic. & Alton 365zlWabash Is ......19A
Stock Quotations.
10 TaoefFfo
G. c. Q. & St. L.103i1 SO. Railway Gee. 369
sslZ "A . p 81 Preferred ..... 94r
Preferred A o.. IS Tex. q Pac...... 40
Preferred 3 .. 1874 IT. St. L. & w 20%
q. g. ". WE'D Preferred ..... 367
O.. r L e. P....11 Union Pacific 104s
q. II. & IT,. 20$iI Preferred ....- So
Colo. Southern. 30 wabash zee. 20
LIST preferred. 69izI Preferred ..... 49,
I'd preferred. ulRIW. & L. E.. n
Del. & Hud.....172lzl I'd preferred. 81
D.. L. a. W......267 Wis Central 90. 26t
y e. r. c.. 4li4 Preferred .-... 4f$
Preferred ..... 90 Adams Express .1g7
Erie go. .... .... 1858 ANN. Express. %
list preferred. 61lsIU. S. Express. ia
ID preferred. 5lA Wells Fargo 200
CT Nor pfd-..1S3 Anal Copper D.. 6Sl
Hook. Nal........ SZSt Ann. Z. q f.. ~
Preferred .... 91i2I Preferred ..... 9V
ills. Central .-1501a ANN. Lin. OIL. =
Iowa Central. o.. 45A Preferred -.... 504
Preferred 49,. 50 ANN. S. & r.. asa
Lake f. & w. 81 Preferred ..... IS
Preferred lbs Ana. Min. CO....114
Louis. & Nash. 1851 Brook. Rap. T.. 66S
Manhattan L. ..130h Colo. r. 4 l..... 9Sl
Met St. Ry...--14Slz Con. Gas &c.. -.-2l9l
Mex. Central -.. 26iz Cont. Tob. pfd.. 123i
Mex National. 1S24 Gen. Electric -.3l5
MINI & st. Lilo Hook. Coal 49,. IL
No. Pacific ..... s912 ST. y. q Iron NJ.
NJ. X. a. IT,. 26t ST. l. ). ". Is. S9l
Preferred .. 56f, y. J. G. gen. .IS1
y. j. Central.-..lSf W. IS ..-.-.--.- So
" T. Central .l54 ar Sc iosuO9
Nor. & Vest. 55la St L. ). w "a. 50
Preferred ...-- 81 fSt. J.. x y "a. 4s.lo3
ont. a. Vest. S2lh Nor Pac. 3s..... 7Ss
Pennsylvania -.1f9 NJ. h & T. As m5
Reading .... 62k NJ. & St p. Is. los
1st nrcferred 49, S2s %. & p. G.. As. 1914
% preferred. 6S lst inc b.. ...-. 81
81. l. & San F.. $50 COnsOi IS .....-lOls
LIST preferred. 81 Preferred ....- %
Cd preferred. - Nor K Western
ST Il s. W. q Nor Pac. 4s--..- 105i
Preferred .... 5q1h' Preferred ...-. ISL
St Paul .....-.. 16Slk 3. * O...........F9A
Preferred 80. 1SS Preferred .-.-. -
Fort w. a. Den. L. S. Steel ...... ~
a, H.. .14E ANN LocOmO. =. 323
F1rofes-rad tqSffI Preferred 49,. $50