Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-07-28
Large Orders for Many Properties,
Buying Heavy
. D
MANY BIZ GAINS MADE
over Night .adyspced Large -Paelhe'
AngCnnper, Oyercaue depression
some Active bonds Very strong

New York, July 2S.-The tone OF the
opening market was irregular but the
ma iority on stocks opened higher
Large orders came in for Southern
Pacific. Reading, New York Central
and United states steel preferred ana
the general buying was heavy. Ad-
vances over night reached 2 to ~ IN
Southern Pacific, Erie second preferred'
&c. &C, & ST. /, Iowa Central Metro
politan street railway Rubber Goods
and Car preferred. Brooklyn Union
Gas gained I. Improvements Of a point
or more were made By New York Cen
ral, Rock Island preferred, Brooklyn
Transit, Tennessee Coal, United states
Steel preferred and many others OF
less prominence The market did not
hold at the best. Rubber Goods react
ing IA and southern Pacific a point.
The coalers became strong including
the Pennsylvania group and rose rom
to l2 Erie second preferred mace
an exceptional gain of 3A and Reading
second preferred OF "a Amalgamateu
and Smelling advanced over a point
and there were beIated advances IN
others Of the iron and steel shares.
Toledo. st. Louis & Western rose 493,
the preferred 4. Pere Marquette "a,
United States Rubber lla and Rubber
Goods preferred point The Pacilics
and grangers oyercame their depression
but did not rise over Traction above
last night except Northwestern. Prices
were running off at noon.
Some Of the active bonds we're very
strong. notably the Rock Island Issues,
but there were some wide declines In
Inactive investment mortgages.
Early advances In the active division
were slightly reduced after midday, fol-
loing large sales Of Southern Paciiic
The market then quoted down and
steadied until the buying broke out
afresh in the speclaltIes. United States
Steel preferred led the rally and sold
at A3h and 70 respectively Standard
stocks got back 10 the morning nigh
prices or above particularly New York
Central which touched l22%, Material
gains cropped out IN many Of the minor
stocks. Peoria & Eastern jumping
and Minneapolis 4 ST. Louis, Wheeling
& Lake Erie first preferred, Pacific
Coast preferred Colorado Southern
FIRST preferred and Rubber 10 8
Some OF the western stocks reacted
to about yesterdays close and Atchi-
son sold a point below Declines from
the best ran TO about point In Anal
eamal ed. Erie second preferred and To-
- 4 faVrgH
Chicago Great Western preferred lost
A. Evansville & Terre Haute 3R and
Cleveland a. Pittsbufg 6 points. viz
GINA Carolina Chemical showed
gain OF az, General Electric g. and
LOUISVILLE 2e8se -.t
ii An active selling movement during
the last hour aroused some uneaslness
as to Us origin and cost the market
practically all of lis gain. New YORK
Central dropped back t6rlast nights
level Net declines were established In
Atohison Of ~, st. Paul Manhattan
and Smelling preferred point and
Paper 2la. with a rally Of y. Minneap-
oils q 81 Louis dropped g. Evansville
& Terre Haute rose TO j0 over last
night The market steadled and there
were a few feverish rallies Colorado
Fuel jumped 1914 between sales to 81.
The close was unsettled and irregular
Close Money on call easy lowest ]
per cent highest per cent ruling rate
~ per cent last loan ! Y per cent; clos
Ing ! per cent
Time money slightly easier; 60 days
4AQ5 per cent; 80 days, 5qjA per cent,
six months, 6 per cent
Prime mercantile paper Jaq5 per
cent
Sterling exchange, S4.S 5.9Oq4. $3.50 for
demand and at 81. 81, so for 80 days
Posted rates, 4sihGiS5 and 4S1g
4.S7i5.
Commercial bills, 4.S3%.
Bar silver, d7s,
Mexican dollars, 42hc.
achievements steady; rail-
roads Irregular,