Omaha daily bee., 1895-12-01
STOCKS AND BONDS.
Securities on Change Were Fairly
Active SATURDAY.

was fairly active for D haif holiday and reflected
chiefly professional operators The opening was
very dull. but sharp covering movement started
in the industrials curly led by Sugar. That
stock rose ~ per cent Tobacco nearly per cent,
Chicago Gas over per cent and Leather pre-
ferred and Western Union per cent. The rail-
road list was unfavorably affected by lower Ion>
don prices and foreign selling in this market. In
the last hour, the abatement of the covering de-
mand caused recessions generally and closed
active and irregular. with special pressure
against the railroad list. Lake Shore ended 2is
per cent, net, lower. Rubber preferred gained
lA per cent and Lake Erie Western preferred
1 per cent. The other changes fractional
declines, The sales for the day were l4i. 700
The speculation for the. week has not been
especially interesting. At the outset fairly well
encouraging tone In foreign advances which ap-
peared to indicate that the complications of the
liquidation OF South African mining stocks and
this Is reflected, not only in the absence of de
mand in Europe for our railway securities. but
also in sporadic sales q good stocks IN order to
continues at the gold export point but the ship
ments for the week have been considerably less
than the exports of the previous week, as the
last temporarily relieved the market Financers
and operators are looking forward anSiously to
the report of the secretary Of the treasury and
the presidents message. in so far as they may
tear on the currency situation. Currency reforms
are unusually active at the present and impress
upon the financial community that the reason
s wh 10 sp d ye ana o
They forget that France, which has. within the
sSe of Eod the World has seen
in its currency vast volume of this so-caled de-
e a, PpsG Rod w the Il M na
States is steadily losing 1T? The answer would
nomic policies of the two countries.
The unfavorabe foreign news late in the week.
by the Burlington for October, had "A depressing
influence upon the railroad stocks; The indus
trials, however, monopolized the chief attention
traders. The old arguments were employed
Sss degrees Of " cheaso GAS wa
temporarily oversold in the late week speculation
on the news of the hostile move against the CON
state The news for and against the other MEM
At the close The railroad list stlll retained part
of the midweek gains, while with the exception
and Rubber preferred Of ~ per cent, the leading
industrials closed lower than a week ago The
trail per cent; Denver preferred. 2Ss per cent;
Sugar, ,2h per cent; Rubber preferred, ~ per
cent RIO arande Western % pfefefred % " per rs cent RS
and Tennessee Coal and Northern Pacific pre-
cent were recorded, The more noteworthy de-
clnes We're in Laclede Gas preferred, AZ per
ferrcd, 29s per cent, and American Tobacco ~
per cent. The aggregate sales We're sS66SS shares
ately active. The transactions amounted to s76j,
900. There We're few important changes Mobile
& Ohio general Is and Oregon Snort Line union
consois rose 3A per cen--.The declines consisted
Of slight trading. The trading in bonds for the
showed gains and losses about evenly divided
The largest gains were in oregon Improvement
Cleveland, Lorraine & wffens ISIS, 2 per cent;
justment As twhen ssiedt l9s per cent, and Den
yer & Rio Grandc cSnsost As. N per cent The
iss s per- cents Aseonsn Central trust rs
eeipts and Union Paeiae collateral % trust IS, 6.s
cent: Reading general III trust, IL per cent. The
aggregate sales were s., "a! 900 Business in gov
1897 closed S per centtiower whlle the As coupon
advanced IA per cent The transactions in state
bonds consisted of $4,000 in Virginia centuries
certificates dealt in for $4,000. at 67ssa6Ic.
The New York Finaneier says this week: Tho
statement of the associated banks of New York
City for the week eending November so is moth
ing more or less than "a -belated report of the
business of the previous week. The changes are
due partly, to the gold EXPORT movement @ Of the
aIs, the later shipments Of the preceding week.
to the St a 1 y he n hanks Ss a in IN cash
in legal tender and sl33l0 in specie. There was
a heavy excess of interior receipts at this point
cash more nearly represents the actual condition
of the banks, although the statement cannot be
accepted as accurate in showing the real standing
of the banks at the close of the week. The con
traction in loans for the week was 81 6S2 Soo due
more than from mercantile sources. Deposits have
been contracting rapidly the loss since September
"A having been no less than SOL o(o OOo The banks
therefore in better position than was the case
earlier in the season, and this spasmodic advance
in the money rates of late is justified thus far as
they are controlled by the showing. In the months
OF April. May and June last the deposits of the
New York banks went from $500 900 900 to s5I5.-
900 900 and the reserve increased s25,0O0,Ooo.
Whether a rapid advance at present in the money
market would start another such influx is doubt
full Bankers report that the south has been slow
in renting of late, and the movement from
there is remarkably light. The business trans
acted at the clearing house last week, with hol-
day intervening amounted to S5li 265. 322. If put
in one dollar bills this would make grdle long
enough reach around the earth nearly two ana
one half times
The following were the closing quotations on
the leading stocks of the New York exchange