Omaha daily bee., 1891-05-30
STOCKS AND BONDs.

New YoRK, May 20.-Tn the stock market
today the professionals still had the making
OF prices In their hands, the pubic and the
leading operators holding alouf with no i'm
mediate prospect OF rcsumng their interest
in the market for some time to come There
was only one feature OF special Importance in
the trading OF the day, and that was the SELL
ing of Louisville Nashville which was at
tributed TO orders from London. This theory,
however does not meet with general acctpt-
ancC, and that the majority Of the selling or
dcrs had their inception on this side Of the
ocean seems most probable. The bank state
mcnt showed. rs expected. n material increase
I'm the surplus reserve, which now stands at
tho highest figure for n long time, but this
was made the occasion of u sharp drive ut the
whole list OF active stocks and further dCprCs-
siDns followed what should have been the
sustaining element of the day The utter
apathy of the larger operators was indicated
by the occurrence and 1t appears that no IN
tcrest is sufficiently Interested in the market
to deienl its dings against the attacks Of
traders The drive at Louisville resulted i'll
Il loss oc over 2 per cent but while the entire
list sympathzed with the decline. in no case
was the movement for moro than small
fraction, even i'm st. Paul, which resumed its
old position as leader in point of activity.
Outside of the two stocks mentioned, however,
there was nc animation in the market for
more than II few minutes at time. Nearly
S3,O00,0JG gold was taken to go out on tomor-
rows stCj mcr which was a help to the bear
ish operations OF the trading element. but the
impression that this week marks the culmina-
tIon OF the movement in gold sustains the
confidence of holders and prevents liquidation
from aiding in the downward movement IN
stocks. Commission people are not disposed
to give any prognostlcHtions as 10 the prob
able course of prices and the whiting attitude
assumed by the leading operators is regarded
rs the pro per thing to Initiate. The opening
weak at only small fractions
lover lover % than the closing figures Of
last evening, but the downward movement
with but slight Interruption for the Greater
portion of the day, SpecaltieS suffered, and
Pacific Mail and Missouri Pacific were weak all
tho way out. The industrias. represented by
sugar, were also specially weak but the tiuc-
tuations in the rest of the list were generally
dealings We're devoid of feature of any kind.
The coverings of shorts. put out earlier In the
week, caused II fractional rally after the low
est prices Of the week had been touched IN
most of the active stocks. The market finally
closed dull. but steady to firm at the improve
Sugar. *; Louisville q Nashville, rs; and
Missouri Pacific per cent.
The operations in abroad bonds were more
restricted than usual, the sales reaching only
Si51OO0. There were II few material changes
whilc the great majority of the lists were. kept
ga at ll2la; Toledo, Ann Arhor y Northern
Michigan firsts. Mt OBJ, while Denver city
cables frsts, rose ga East Tennessee tives,
2lt to t0li
Government bonds were dull, steady.
State bonds were dull. featureless.
Petroleum opened steady and ruled irregu-
lar Spot oil declined l9g on western selling,
fell 4 and c:osed steady, Pennsylvania oil,
spot opened at GSH. highest Gj96 lowest 67i6,
closing ~ Cs. June option opened at Gs4;
sales 233,0O, barrels
rne following are the c!osing quotations for
the leading stocks on the New York stock ex-
a today.