Salt Lake Tribune | 1903-05-07 | Page 7 | Wall Street is Dull

WAll STREET IS DULL T Fractional Changes Only th Record for the Day TRADING ON SMALL SCALE Amalgamated Copper Strong on Advance in London i I Harked Weakness Shown by National Lead Stocks Due to Rumors of Combination of Competitors I Silver and Drafts New York lay 0 iBat allvcr Gc Mexican dollar lljc San Francisco Muy CSflver bars GIc I Mexican dollar mc Drafts Sight 71e telegraph lOc 1 I Money and Exchange New Toilc May 0 Money on call easier I at 2V > < J2i i per cent closlng 2tf21 percent per-cent 2Wi2 Time money easy sixty days 4 percent per-cent ninety days 4 i per cent six months 4 I per cent Prlmo mercantile paper IlP l per cent Sterling exchange strong It 4SSHSS10 I for demand nUl ut llW l195 for elxtydaj bill Posted rates SlSitflSui 1 and HS Commercial bllK ISI1yi4S1rj i Stocks and Bonds I 1 New York May GThe stock market today was so Inert that the utmost en ilcavora of the traderB did not effect more than fractional changes except In a handful hand-ful of stocks The prominent stock which started upward on Monday and iarly yesterday continued to hold 0 con nplcuourt position In the trading In tho dpgico of their activity but their small iot changes In prices for the day aro a Htronp Indication that profittaking tvaH uctlvely Kolni on In them under cover of new point ot strength St Paul i ho Pacifies Loulsvjlle Read Jrg Eric Baltimore Ohio and other i Htocks of this caa coiled tho day prac t Ically unchanRe l from lust nights prices though they absorbed 1 largo proportion of the days dunllngH St Louis San Francisco and Rock Inland were strong and active all day with no apparent rca on except 0 revival of old rumors of the purchase nf the former by tho latter These rumors soemi > d to meet with lltllo credence In conseciufnee 0 tho suspicion that the movement In the slock wan de Hlsrnod as a cover for profittaking at other polnt Stocks nfllllatod with St Louis vt San Francisco however were finite conslstcnly strong There was an c01shHtnl Illinois Central which seemed to bo supplementary to yesterdays yester-days movement In Louisville Thq strength of Amalgamated Copper XVPS nominally based upon an advance In tile London price of copper Brooklyn Transit rnjoyed l the benefit of publlnhcd PHtlmatca of large earnings from the Increasing In-creasing summer weather traffic Markod weakness vas l shown by tim National Lead stocks which was attributed attrib-uted to rumors that tH principal competitors com-petitors In the trade wero about to com 1ellor Thor were no notable movements outside of thoso Hpecllled and there was 0 harp > railing off In the volume of the dealings compared with yesterday Tho course of the foreign exchange kept Ine question of gold I exports open all clay Tim steady advance hero only kept ace with tho rise of sterling In Paris BO that the expected triangular operation opera-tion by which gold would go to Paris was kept beyond the bounds of profit But shipment of gold direct to London o began to come Into calculation when the late for demand sterling got about flSS The Inquiry for cable transfers was even more urgent than that for demand bills The movement was clearly due to preparations prep-arations for participation In the pending Transvaal loan lUvery Indication goes to how that this loan will be heavily oversubscribed over-subscribed that Intending subscribers arc putting In bids muiMi ng excess of their desired subacrlptlons In order that their allotmontH may equal their requirements This proceys of oversubscription of course emphnslied the L demand for exchange ex-change With the opening of subscriptions subscrip-tions to the loan which Is expected tomorrow to-morrow there IB likely to bo II sharp falling off In the demand for exchange PhI local money market was unaffected unaf-fected and offerings on time were rather I freer than heretofore Tho market closed heavy and dull There wan a very good demand for I bonds and particularly thoso paying 4 per cent or over In the Investment Total To-tal sales par value J217COO United Slates 2s advanced I fc on the last call NEW YORK BOND LIST U S ret 2s reglCG Itlnnhatan 10UA coupon 100 1 L I N ul lalKi TJ S Ss rcg07J4 MON Gen is 7014 coupon 1071 1st Inc 25 I 2 U S new 4a rcfflfti M it St L 1S10Q I coupon 133 if K 1 T 43 K I u S old Is I ieKH05l nds 82i coupon 110 N Y C S 3148101 1 S 5s reg lIJ N 1 C g OslS2j coupon 1u14 K P la 10214 Itnlmn g s1UO 3 i0 I adjt 4a Ol J N W conis 5D n 8 O is 102 Runilhm r JH 97 3fce 91 SLIAI con0sll2 conv 41 103 St L 8 S Fls 9C i Can South JndilOG S L Sw Iflts D3 7 On nf Ca s lo ½ Cnds 81 J lot Inc i y S A A P 4s fj 7i C o rt M 104 S P 4s W 1 Lhl ft Al 1 3Vts 77 S Sty 5s 1G4 r C K Q ntiwls 11 I 1 fc P hits 117 CM SStP g fslCO T St L W J3 70 I C1 X eon jsrF L P 4s 1r O t it 1 P 181031 1 com s 10 I CCCStLBlaKWi Wnbaah lots 1i1k Chi Term Is I 14 IIls 1071 Col So IP I 80 deb B Oil1 D t n G la WH W Shore < 1101 Kilo pi lor Hen 4 is ftf w L E 4s H i Kf n 4n M1 Wls I Cen 4s 9115 F I VDC lst110 Ii I Con Tob W Honk fl l > 4 1074 C F I SI PIL j Ivanla W Rock island St CLOSING STOCK LIST Saiii IhhLoCloJu I Atchlson 107W SH S S1 i preferred 15SCO cSt N LA Haiti Ohio ltiOO I r t3 rrfrll 3 ½ d nnudlan Poe 21l > 133U 132 1324 ni Southern ICO 7lj 7l v 71 1 flien t Ohio 400 45Vj 4YI t Chic Alton GOO 31V 3L 31 1 preferred 70aw Chic 1 Orcut W 3SCO 23A 23 H aw 1 preferred 5 h preferred 0 a 1 I Chic t V V 10 1S v 16 is fhlr T t T 1C pnfcrrcrt t I C J C rrcc SU L 1 10 r O 1 4 I Colorado S iIb 2 7 1Mt preferred 310 tx4 ci IY c 2nd preferred o 4 Doia A Hudson IVOO I Ii7 1 170 li9 U IX L 1 ii w 250 t D f I rrnndc 10 3 I 3iY 35 U I preferred LiX fjl Sikt S7 irio 41h 31 2T F 1st preferred 4KO CO I IJ tSYt 2nd preferred 0 3 51 + + + + + + + + + + + + + + + + + SILVER + + t Xew York Zic + f San Francisco lvC + f London J 25d + + STOCKS AND BONDS + + Dullrcsa again prevailed In Wall + + f street trading on very small ficale + + GRAIN AND PROVISIONS + + Quietness prevailed on Chicago + + Board of Trade + + f Wheat cleared weak + + f July corn was oft cOats + + c-Oats were n shade lower + + f Provisions cleared firm with July + + products higher + + + + + + + + + + + + + + + + + Hocking Val ss > A preferred KtX Illinois Central 0100 139 13o 13STii Inwo Central 35J preferred CO L E Wefltein 40 preferred 103 Louls Nah lW H1 Us HSJ Manhattan L lOX Uli1 142 142 M St Ry 2000 1W ISPt 131U Mexican Cent UC > D W 27s 2il Mex National 100 20Ts 2 s 23V M st L om M 1 Pacl = Jc 13100 111ii 111 um M I K T SOO 6Y 2tTJi 20 preferred 1200 5S t 57i N J Central 171 N Y Central 1200 IX 13W Jngj Nor Western 3COO J 72II 72U 723 preferred SSi Ontario W 1200 COU JO 3 Pennsylvania 9503 135 13 135 Reading 135CO Zfft rI 5G4 1st preferred 600 S lj 1 Sli 2nd preferred 2L00 70 70 70 SI L S F 1105 S0 = i 77 i S 1st preferred CM S3 SI S 2nd preferred 1WX > 72a E 72 St L S W I 0 21 I f 2CI 2314 preferred fii SL Paul 22TOO 1C3V1 lC2i lC2i preferred 100 lS3ii 1S3 IK 1Sy Southern Pac f500 5 Wi 55 So Railway lSOO 3101 31 niA preferred 2CO i 2Td 92i 92 Toxas Pac liO 36ii 36 1 365 T St L t W K preferred 41 Union Pac 272CO 921il l niV6 preferred 100 91 91 > < i 91 Wabash 100 2S 23i 2S preferred 430 S 171 I 4S > i W IAE 23 2nd preferred 33Vi WIscon Central 200 2n 21 8 24 > 4 preferred iOO 4Sb 4S 4S Express Companies Adams 225 Ymerlcan 202 United Slates 123 Wells Fargo 202 Miscellaneous mal Copper O 5J GIZ 65 Amer C F 1500 40VK 40 40 i preferred 0 91 11 91 91i Amer Lin Oil 100 3Ti loJi l 5Z preferred 40 A S Refng 100 m Ws C0 > i preferred 000 KVs Mi i 1 Anaconda M CoB 104 > A Co-B Rapid Transit 4W 674 Co > i foI Colorado F I 0 GH 14l4 G Consolidated Gas 200 21 > 2PA 21 Con Tobacco pfd 10 114 14 ly 114 General Electric O 3IM il P3l i 1M Hocklnp Coal r00 LXVi 19 19 International Paper 0 18i JSi 18 preferred 100 7Hi 71 70 Inter Power 100 5 > i 45l 45 Lacledo Gas Pi National Biscuit 43 National Lead 7ltnQ 22 > 3 iO 20V North Amer e f fc Pac Coast COA Paclc Mall 10 JIt 33U GOy t Peoples Gas 1200 i04j 10l4 lo d Pressed S C 100 0 COJi f preferred flli Pullman PC 217 Republic Steel 0 Wi IS 19 preferred 0 Sy TSy 7S Sugar 2500 127J4 ll 12Si Tcnn C i I u 200 C4i OHi IH < 9 s U B P Co COO 10i 15 10 preferred 10J 7S 72 72 U S Leather 20 ll > 1 14t picferred 4000 Wii 03 5 95i U S Rubber 1o4l preferred 100 507J KOll EO i U S Steel 1 2COU Z4 Soli S5S preferred 3200 i > 3 g4i 8H Western Union 85Vt Amor Locom 200 27 Z Z preferred 93A K C Southern 100 05 3 COJi preferred 52i Rock Island 11100 43 4P 458 preferred oW 78 i 7514 7714 Total sales for the uay 341000 shares New York Metals New York May 6Tln was unchanged at 120 for both spot and futures In tho London market today while in New York it was 0 shade lower on the outside price closing at 209G7010 Copper closed ICs higher In London for spot and liD Cd for futures with both positions po-sitions quoted at WI 7s Gel 1 The local copper cop-per market was dull and nominally unchanged un-changed at 14WJ 1475 for lake electrolytic electro-lytic and casting Lead was unchanged at 437V in New York and at 12 Is 3 In London Spelter was unchanged here as well as In London where It closed firm at 21 w The local price Is 375 Iron closed at 62s In Glasgow and at 4Cfl 4V d In MIddlesboro Iron In New York was quiet No1 foundry Northern S O ffj2250 No 2 foundry Northern 20W > i ilC0 No 1 foundry Southern and No 1 foundry Southern soft 210220D Warrants War-rants aro nominal London Wool Auction London May GTho offerings at tho wool auction sales today numbered 1201 hoc < The demand was keen especially from French buyers Cape of Good Hope and Natal grades were firm A few lots were taken for American buyers who also bought several parcels or the best Merinos and medium crossbred St Louis Wool Market St Louis May C Wool Active and firm Medium grades and combing 1f4j ISe light fine 1417o heavy line 10ri3c tub washed 19827fcc New York Sugar Market New York May 0Sugarflaw steady fair refining 311c centrifugal i j test 11f molu55s sIIgLLr 30 Refined Hcud cru811d 473 powdered I crnulal d 18 Butter and Eggs New York May C Butter Receipts rjOO packages Steady State dairy 17fii 21c vxtra creamery 22c creamery common com-mon to choice L f21 Uc Kggs Receipts IPiXX packages Firm State and Pennsylvania ICHflt ic West orn storage packed i5yjiGc