Salt Lake Herald | 1897-07-03 | Page 3 | Salt Lake among Those Favored

SALT LAKE AMONG i THOSE FAVORED Bank Clearings for the Week Very SatIsfactory AWAY AHEAD OF MANY OTHERS MIDStJMMEIt DULLNESS SETTLES ON WALL STREET Business Generally Centered in the Leading Mortgages Governments Steady on Light Dealings Money On Call Easy Sterling Exchange Weak Western Live Stock Mar kets Fairly Active New York July 2The following table complied by Bradstrecls shows the total Clearances at the principal cities and the percentage of increase or decrease as Compared with the corresponding week last l year T diiI7 I Amount IncDec New York 1 6330103SSI 1 I 04 Chicago i S4479101t 160 Boston 90SIj i 19 Philadelphia 1 6O7i2171I b4 St Louis 1 220J6732 731 I San Francisco 131624361 t0 I Baltimore 1 1453S12SI 76 I PitUburg 14S93OS6l 90 Pitsbrg 18301 Cincinnati 12sIleeiIIhi Kansas City 181001111 I I New Orleans 51S14401I I 23S Buffalo 1 3615501 2 I Milwaukee 4457656I 151 Detroit 5454387 791 Louisville 8066102 212 Minneapolis > 1 59S3699 I I iss Omaha 447956 > 17 Providence 47511 171 Cleveland 6IBtisIl I Houston 363is64i I St Paul 36706141i i COl Denver 2007740 111 Indianapolis 4600020 113 Columbus 0 34282001 51i Hartford 1 22397161I 229 Richmond 2247819 191 Washington 2017112 461 SALT LAKE CITY 1762779 61ll Scranton 1 7912611 I l 1 7 I St Joseph 10271 44 I Peoria 121 41 11 i Memphis ln2 J11U j Portund Or j 13701 149 Rochester 1481S1 19J 154 i i New Haven 157393J164 Savannah 158111641 Springlleld Mass 12S2i7lI104 Worcester 1380108121 Portland Me 1326 73 I Atlanta 13647 67 Fort Worth 10120541106 11291 Aaco 6661 42 Syracuse 91683 159 Des Moines 8836 f Grand Rapids 6J96q Seattle 71011i 26 Lowell 616512 9i Wilmington Del 73it6iI37 Norfolk I 853170 21 SIOux City gMgl29 Augusta 1 52841 7S2 Tacoma 45051122 Dayton 57191 1591 Spokane u 5651781 160 Jacksonville 517811601 22j Lincoln 4c61 731 Now Bedford 4660t4 189 I Wichita 46041 29 Birmingham 310603 132 I Topeka 327202 29 Lexington Ky mm 131 Binghampton 20710119 Knoxvllle 421722 17 412 Bay City Mich 156076200 1 Fail River 15061 20 Akron 0 196600190 I Springfield O 1611 Canton 0 15014i 71 1SH Sioux Falls 03121274 511 Fremont Neb 63 l 24 Hastings Neb 9S45 400 Chattanooga 261 17 Fargo 415 Nashville l12J 105 77661105 Galveston 3840000 1001 oZ m Kalamazoo i 228320 li9 Davenport 1tocarord I 17OISJ207 5B580 1 230 I I Toledo 1 I 144071130 Total United Statesh065IOl4901 37 I Exclusive New York 43011021 S2 DOMINION OF CANADA I Cites I Amount lInclDee Montreal S 10401621509 Toronto 1040lIIj59 Halifax 1 82019sf Hamilton S19tr 52 Winnipeg 1 1 431 481 St Johns N B 5319231 Total Th87S512j 1 341g I = As Seen by Dun New York July 2R G Dun Cos weekly review of trade will say J Midsummer vacations have commenced com-menced in man works with many wih the decrease de-crease of orders usual at this season I This customary vacation is called a strike where agreements regarding the wages for the coming year have not been reached and the extensive strike of amalgamated iron workers an ndunced July 1 Is of this nature but the strike cf coal miners in Illinois and other central western states is not and may prove costly Since much of the future depends on crops the brightening prospects rre of the highest importance Estimates by persons usually most pessimistic now far exceed any made a month ago one nrnmlsine SH000000 bushels of wheat with 10Vr c conditions but largely increased in-creased acreage of corn The movement of wheat is small western receipts for the week being 1630779 bushels against 2041719 last year and Atlantic exports 2064173 flour included against 2162172 last year but a strong effort to lift prices failed and the close is lc lower for I the week with corn Ihc lower I i The export trade is increasing and a large order for India has just been I taken at a price said to be 5 below British bids Coke production is increasing in-creasing again as more iron furnaces are going into blast and an addition of 25c has been ordered in anthracite coal Tin is higher at 141c with larger consumption and copper at 101 fpr lake with heavy exports while lead has advanced to 36c Failures for the week have been 4 in the United States against 257 last year year and 30 in Canada against 22 last Bradstreets Financial Review New York July Bradstreets financial review tomorrow wH say The decline in the stock market which began last Tuesday was the natural result of the accumulation of weak holdings of long stocks and to the plans to realize profits The declines were not dlsproportioned to the extent of the preceding advances in the more I active members of the list and at the concessions a considerable bu buying power reasserted itself The liquidation liquida-tion and profit taking once exhausted the market steadied Itself and isel presented pre-sented unmistakable indications that I thfe accumulation of stocks was once I mpre under way The growing factor 1 tIn j the market is the widespread bullish I speculative sentiment that had arisen from the expected ending of uncertainty uncer-tainty about the tariff together with I the favorable crop prospects and the general feeling in railroad circles that I a period of Improving traffic and earn ings is at hand Current railroad earnIngs earn-ings continue to show only a iioJerate improvement though the figures cf the Burlington road for May with an increase in-crease of 200000 in surplus overcharges over-charges was better than expected More or less bullish talk however comes from higher railroad circles and the insiders in a number of cases are credited with buying and supporting their stocks The western roads it Is declared are holding rates with remarkable re-markable vigor and only minor disagreements dis-agreements exist while the traillc departments de-partments are straining their energies to put equipment in order for heavy summer and autumn traffic The resolution reso-lution of the trunk line authorities restore eastbound rjates has been noted fwlth approval The Grangers is the object of the preceding advance bore the brunt of the realizing and other selling On Wall Street New York July 2A veritable midsummer mid-summer dullness settled upon the market mar-ket for securities today and a further step was taken toward the stagnant condition to which the market has been coming for two days past Dealings Deal-ings were Very much smaller than yesterday yes-terday or for many days past variations vari-ations were small and unimportant and no animation was manifest at any ooint in the market The heavy liquidation of Monday and Tuesday was undoubtedly an Indication Indica-tion of a widespread conviction that the upward movement had reached the limits of safety at present and todays market showed even a more marked disposition than yesterdays to wait for an adjustment to the new conditions The waiting and the semistagnation were accompanied by quite a marked firmness of tone In nearly all the leading lead-ing stocks Most of the business of the day was I done in the first hour of trading as a result of orders accumulated overnight over-night Business was generally centered In the leading mortgages but It is worthy wor-thy of note that no transactions were i registered In Northern Pacific thirds which usually absorbed considerable of j the dealings The aggregate sales were I 1484000 I Governments were steady on light i dealing aggregating 1900 I Money on call easy at Itt1 percent per-cent last loan 1 closed at P Prime mercantile paper 34 per cent Sterling Ster-ling exchange weak with actual business busi-ness in bankers bills at 4S64487 for demand and 485JS6 for 60 days Posted rates 4861487V4 and 4SS < 8 > A CC1A rmvicki > lnl Villlc LSL Silver certificates 60 460U Mexican dollars 47 Government bonds firm State bonds dull Railroad bonds firm BOND QUOTATIONS U S new 4s teg12514D R G 7sllO T S do coupl254D R G 4 is 878 IT S 5s reg1h4R G W Ists 77 i U S os coup 114HSI P Con 7s13ifs i U S 4s reg111 DoC PAV 3sll4fe L S 4s coup hl28 15 P Ists of 961031 I U S 2s reg 96V STOCK QUOTATIONS Atchison 12 0resron Nat 21 Alton T H 60 O S L U N loi I Am Express 113 Pac Mail 30 Ceo Pac 9V4 P D E > s lilraero Gas 94VI Pullman PalaceieSi I Col C 1 3S Reading Zte D R G pref 43i R G West WJt Erie 31 Do pref 46 Do pref 1St Rock Island 74 C E III pref SSV4 Southern Pac 1P i Ilinols Ceo 97 Sugar Refmeryl27N Lake Shore 169 Union Pac 6U Lead Trust 29 WellsKargo Ex 101 N J Central 8tt West Union S4 4 U P D G 2 D R G 11 Northwestern 117H > Col F 1 174 Do pref 160 Do pref offered SON SO-N T Central 102 NEW YORK MIXING STOCKS Cholor Ontario 500 Crown Point 20Ophir 70 Con Cal Va 130Quicksilver 100 Deadwood Plymouth 10 Sould Curry 30Do pref i < 00 Hale Norcross 75 Sierra Isevada SO Honustake 2909 Standard 14 Iron Sliver 140 Union Con 37 Mexican SO Yellow Jacket 4j Boston Quotations Boston July 2Atchison 12 Bell Telephone 228 Chicago Burlington Quincy S3V Mexican Central 9 Oregon Ore-gon Short Line 19 San Diego 9 Boston M 13F4 Butte Boston 22 Condition the Treasury Washington July Todays statement state-ment of the condition of the treasury shows Available cash balance 242 352040 gold reserve 140947326 Chicago Grain and Produce Chicago July 2In wheat there was little in the pews calculated to affect values In the afternoon the market became weak without any further information in-formation on the crops or general outlook out-look and a gradual decline took place September was bringing 64G4 at the close Corn was by far the most active on the floor which is not saying much Reports of hot winds In Kansas caused a general rush of shorts to cover during dur-ing the morning An easier feeling prevailed pre-vailed later In the way when wheat declined and the advance was lost Oats were fairly active with prices within a narrow range Provisions were weak all day The leading futures ranged as follows WHEATNo 2 I Open I High I Low I Close July I67 69 GSi 68 Sept 164 1650165 ¼ 6WgW ewti64 Dec 66 I66 166 1664i66ii CORNNo 2 I Open I High I Low I Close July 24 l2tf 25325 i24 Sept 115 10 247 125J26 Dec 127 12Th iZ7 127li OATS No 2 Open I HishjJ I Low I Close JulyT 117 lljsi 17r U7Am17 Sept 1Zs17 ilii 17 i1 MESS PORK Per Barrel I Open I High I Low I CloUt July I7f76714r7C7t4 i i 75714 760 Sept 478 17821i I 765 770 LARD Per its Founus I Open I High I Low I Close July 401V 410 405 I 105 Sept 420 Mii2 6Hi34lyiL 1 I SHORT RIBS Per 100 Pounds I Open i HIshJ iLotv I Close July f440 440 f4C7U 440 Sept I 4524 J 45I I 445 44714 New wheat Cash auotitions were as follows Flour Easier Wheat Spring No 2 6S5J < S69 No 3 spring 63JJC9 No 2 red 73iffi6i Corn No 2 24g25 Oats Not 2 171t No 2 white f o b 21R21V No 3 white f o b 19UQ21 Rye No 2 34 Barley No 2 nominal No 3 f o b 29HS34 No 4 f O b 375120 Flax SeedNo 1 76tf77K Timothy Prime teed 275 Mess Pork Per barrel 7609765 Lard Per 100 sounds 403 Short Ribes Sides loose 430S460 QViMilflorc rirv c If tA ihrtvort 4Tht111O Short Clear Sides Boxed 475 487 AVhlsky Distillers finished goods per gallon 119 Sugar Cut loaf Unchanged Articles i Reet Ship Flour barrels f 570001 4000 Wheat bushels 3000 11000 Corn bushels22OO6051100O Oats bushels373000 555000 Rye bushels 3000 6301 i Burley bushels 10000 1000 Chicago Live Stock Chicago July 2There was a fair Fridays supply of cattle Prices were barely steady at yesterdays quotations 1 quota-tions Poorest to best native steers 370445 best calves 700 The stockers and feeders trade was not especially good In hogs there was a further decline of 5c It was one of the worst days of the season with sales at an extreme range of 305 345 Sheep The lower range of prices prevailed although the demand was better Spring lambs sord for 300340 and sheep sold at 200g375 Receipts Cattle 3000 hogs 33000 sheep 6000 Kansas City Live Stock Kansas City July 2 Cattle Receipts Re-ceipts 5000 market steady to strong Texas steers 30003S5 Texas cows 200365 native steers 330500 native na-tive cows and heifers 190400 stockers stock-ers and feeders 3004S5 bulls 265 350HegsRecelpis Hogs Receipt 14000 market weak to lOc lower Bulk of sales 325337Vl heavies 320330 packers 3150327V mixed 320330 lights 31d327ia Yorkers 325327 Pigs 300320 Sheep Receipts 3000 market strong Lambs 275500 muttons 25037o Omaha Live Stock Omaha July 2 Hogs Receipts 6 700 shipments none Weak and 5e lower 315322J4 bulk of sales 350 Cattle Receipts 2000 shipments 230 Weak and 1015c lower on beeves and butchers steady beeves 3 0i00 butchers I753SO stockers and feeders feed-ers 373390 > Sheep Receipts 400 shipments 200 steady 3003S5 Boston Wool Market Boston July 2The Boston C nvnvir cial Bulletin will say tomorrow of the oI market v The bottcm of the wool market wis j reached In April 1SS3 just before tit j i Vermont election AH the time fine staple Wyoming wool was sold in the 1 Boston market at 25 cents the scoured pound This week fine Idaho staple I has been sold in Boston on a basis of i 43 cents the scoured pound an advance I of 13 cents the scoured pound i This price and other prices that have risen to correspond mark the highest level reached since July 1S96 Growers in Montana are setting 12 cents a pound for wool A year seo they were shipping wool on consign ment with no advances but cost of freight The sales of the week are SWlOOO pounds domestic and 3054000 pounds foreign against 2S50000 pounds domestic domes-tic and 3SSGOOO pounds foreign Usl week and 1447003 pounds domestic and 541000 pounds foreign for the same week last year The sales to date show an increase of 45506800 pounds domestic and 76S45 700 pounds foreign over the sales the same date of 1S96 The receipts to date show an increase of 3029U bales foreign Wise Men Know It is folly to build upon a poof foundation foun-dation either In architecture or In health A foundation of sand la insecure In-secure and to deaden symptoms by narcotics or nerve compounds is oqual ly dangerous and peceptlve The true way to build up health is to make your blood pure rich and nourishing by taking Hoods Sarsaparilla Hoods Pills act easily and promptly 1 headache on the liver and bowels Care sick 1I I