Salt Lake Telegram | 1902-02-04 | Page 6 | Demand for Southern Pacific Helps Sugar

DEMAND FOR SOUTHER nan PACIFIC HELPS SUEI NEW YORK Feb 4 In In the opening dealings Sugar gained nearly a point and and the large demand for Southern Pacific Pacific Pa Pa- cHic lifted it i a large fraction two Forty-two hundred shares of Amalgamated Amalgamated Amal Amal- Copper sold at 75 to 75 compared compared com corn pared with 75 last night and the price sagged further on subsequent dealings Stocks weakened immediately and the railroads lost their small smal rise Supporting Supporting Sup Sup- porting orders ordes appeared In Amalgamated Amalgamated Amalgamated Amalga Amalga- mated Copper and when that stock re recovered recovered recovered re- re covered to 75 Sugar was taken In hand and lifted to 1281 This buying helped other stocks somewhat Lackawanna Jumped 6 points to The advance In Sugar and Amalgamated Amalgamated Amalgamated Amal Amal- Copper was wa checked by realizing realizing realizing real real- izing sales but the general market was maintained by strength at other points Large dealings in Distilling preferred lifted it i 2 21 i. The he Minneapolis St. St Paul Pauland Pauland Pauland and Sault Saul Ste. Ste Marie stocks continued to advance the common gaining 3 and the preferred 6 and Lackawanna rose 1 1 further Bonds were irregular Prices broke sharply on the announcement announcement announcement announce announce- ment of gold exports for Thursday Lackawanna nna reacted 4 Nashville Chattanooga Chat Chat- and St. St St Louis Lus jumped 10 on light transactions and Canadian Pacific Pacific Pa Pa- rose over a point Amalgamated Copper fell fel to 74 The market became almost lifeless but hardened slightly A spurt by Metropolitan Street Railway Railway Rail Rail- Rai- Rai way to helped the other tractions but did not benefit the general market which dropped slowly Amalgamated extended its is loss kIss 2 2 and Sugar fell fel to The closing was dull dul and heavy Noon Noon Money lIoney Money on call cal nominally at 2 4 2 per cen cent t. t Prime mercantile t P paper 44 4 per cent Sterling n exchange r ie steady with I actual i I business businEss In bankers bankers' banker bills bis at 4 rO for demand and at 4 i for 60 days Posted t rates t f 8 6 Commercial c bills bis Mexican dollars Government bonds strong refunding registered registEred refunding coupon lC os is 3 reg registered 10 is 3 coupon 1 4 new registered new coupon old 45 registered 11 old coupon 12 Ss 5 registered 10 Ss coupon 10 Bar sliver silver