Omaha daily bee., 1891-04-18
STOCEs AND BONDS.

NEW YORK, April 1L-[special Telegram
to THE BEE. THE report cablcd over yester-
day TO the effect that the French government
was about to request other European govern
ments to suspend the duty on cereals before
August caused II great commotion among the
grain men here and in Chicago, and was also a
matter of much interest to bankers and
dealers in railroad securities While no one
apparently believes that such action will be
taken, the fact that it has been even sug-
gested confirms what we Americans, from
sordid point of view, have been hoping to be
the case-that the Europeans are liable to be
in sore straits for breadstuHs this summer,
OF course the suspension of the duty would
mean a tremendous loss of revenues to the
government taking such Il course. No Euro
pean government can afford to cut down their
revenues tbs summer; That such n thing is
even hinted 1T shows that an even greater de-
mand for cereals is expected over there than
y what America had supposed
| 1t seems strange that the manifest absurdi-
] ty of the statement did not immed ately i'm
press itself on everybody, In the first place
| Great Britain has no duty on cereals. lin the
| second place, why in the name of common
sense should the French government forward
requests to the British parliament and the
| France what Great Britain and Germany do2
suppose the United states should wish TO sus-
| pend the duty on refined sugar. Would IL for
| ward the request to some foreign countries to
| do likewiseY 1t requires only a moments
thought TO see the absurdity of the, thing, but
| though 1t Is n rare ana highly priced commod-
! ity, the solcmnity with which the small
fry OF Wall street swallows anything and
| everything In the way of absurd rumors
| thrown to them. and greedily asks for more,
| is a sure temptation to the brainy stock ma
| nipulator and the practical joker.
| There was brilliant opening to the railway
| shares on the New York stock exchange to-
| day, and notwithstanding the fact that fur
ther 100000 in gold coin was ordered from
the sub-treasury for shipment to Europe
the entire list of prominent stocks moved In
an upward direction, Business assumed quite
lively proportions right at the start. and the
demand was good az around. At the end OF
first hour speculation was much less
active than at the commencement, and
the market was about steady. The specialitles
for the most part were firm and on the rally
| but transactions in them were not heavy. The
industrials as "a rule displayed no particular
animation in the early sales but never
ance and the leading issues registered
advances, led by American sugar refining
common, which sold up point TO OF. THIS
OO.:GSOsi The preferred rallied 4
and preferred each rose y to ,s6}i
quently receded to sGi4 and SL0jA. Chicago gas
moved up q to +s'a and later lost the improve
ment;, National lead sold p higher at 10,
st. Paul was weak after The early dealings
burlington and Rock Island were the stronl
features of the afternoon.
keunett Hopkins & Co. To :, A. McWhorter-
The market has been strong today but the
activity has been confined to "a smaller rang,
OF stocks than some days past, nor have the
movements IN prices been uniform, few
no other improvement. 1t looks as II the shor
, interest had been responsible for "a large par
9t m ne buying which has put up the Chicago
former was clearly Il leader of the market TO
day. The market has had some adverse con
dsltions 70 contend with in the engagement Of
$4,000 in gold and rumors from Paris of tn
failure or financial troubles OF bank. 1t I
also quite the fashion TO predict that ther
: Will Do a pad bank statement tomorrow, ou