Omaha daily bee., 1895-10-13
STOCKS AND BONDS.
Security Market Did Not Reach More
| Than HoIiday Proportions.

N
day did not reach more than holiday proportions
Though business wa0 1slft firm tone char
acterized the speculation An most instances. n
fact which was attributed to the rcassuring ad-
vices cabled from London to the progress Of
the settlement in Kafrrs. The market opened
dull. but rule finctionay higher. 4 good
demand appeared for Chicago Gas and brisk
purchasing a gain Of per cent was established
The general market also displayed a tendency
toward higher figures but tae advances were
confined to fractions. The bears made drive
against the Leather shares after the first hour
resulting in declines OF from 5h 10 2 per cent
respectively for the common and preferred The
general market eased on slightly. with the ex-
cepton of Lackawanns. which broke to l67, as
against iTOh, the. last preceding sale. Only 100
shares were dealt in, however. In the late on
erations the Leather stocks received some sup
port and the common rallied Y per cent and the
preferred 1as per cent. The other markets sym
pathized slightly The speculation left off firm
in tone with the net results showing but little
change aside from the drop in Lackawanna and
advances of ~. per cent in Chicago Gas and /
per cent in state Gas. The course OF prices dur
ing the week has been unsatisfactory to the
bulls and bears. The salient features OF the
market influences have been the rise in the price
OF silver, due primarily to its accumulation in
London preparatory to the payment of another
| installment Of the indemnity OF China the gov
eminent crop report, the anticipation of the
publication Of plan for the reorganization OF
the Union Pacific and similar poor prospect for
| the consolidation Of the Chicago gas companies
The contest in union tanned sole leather be-
| tween the trust and Independent tanners had
| special effect upon the leather stocks The crop
| report confirms the impression that the crop
of 1895 is the largest ever gathered and that the
wheat crop is fair one. Cotton, according to
| these estimates. will probably be third shorter
| crop than that Of 1884. However, the planters
| are realizing practically more money per bale
| than they received last year and are marketing
| the crop freely. The weather is extremely fa-
vorable for picking the cotton. The fall trade
| has been good both at New York and Chicago,
while the heavy movement of spring wheat
| toward the head of the lakes has given the ST.
| Paul road the largest earnings in its history
excepting in October, 1893 The returns of iron
furnaces in blast and production greater than
| ever before, with shipments of from the
Lake Superior regions also breaking the record
| To sum up. the domestic news is favorable, while
| the stock markets show an uncertain and even
| declining tendency. This has been brought about
| by the peculiar situation in London and on the
continent, due to the extraordinary imitation in
| African gold mining stocks. which ON the aver
age are selling at four times their par value.
| Anthracite coal has been steadily marked up at
| tidewater and in the interior. The stocks of
the bituminous coal companies. while firmly held,
| have not advanced, though the business of the
| trade.
In financial and railroad circles great expecta-
association Of the New york. trunk o'hh lines nnS
| connecting roads. The only stocks whose move,
Leather preferred. The first were sold heavily
| in, the week and declined from II, the initial
sale. to 65& rally ensued. which was helped
| by the report that majority of the. certificates
| had been deposited under the consolidation plan.
| The stock advanced to- 20 on heavy dealings.
| closing only y per cent lower than "a week ago.
| The unsettled condition aof, the sole leather mar
ferred. forcing the price down s% per cent ito to
| SIS. Covering of shorts ont the announcement Of
| the declaration OF a per cent dividend caused
| a recovery to BAN: The discovery that the dlvi-
dend was regular and not a special one re-
| induced weakness. The final transactions re-
| corded net loss of 37s per cent for the common
| 2A per cent. Final prices are in the main below
| last weeks closing sales. but exceptional gains
occur In Starch lists preferred, Az per cent: Erie
saes Sy Shares es rang
| bonds in today's brief session fairly large.
the sales asgregatng $4,000 The tone Of the
| active issues some material gains were scored
per een NoaeR MempSS WESTERN ls trust M
| Morris & Essex lists. Nashville Chattanooga lists
De snSe Rio
declined per cent and Erie I'd consolidated
ape sen Prtes for the week were irregular @ WITH
declining tendency; The, Union Pacific issues
vances the news OF the,tmpending reorganiza
tIon plan. The Oregon improvement issues wert
tory financial condition of the company. the 1st:
declining per cent with subsequent recover,
| closed with a net gain Of " per cent.
The other more prominent net changes are: Ad
Toedo ,ef I St Lous ' Kansas City lists, trust re
ceipts, per cent, and Erie first consois, Az pei
down s per cent. The dealings amounted to
IS. .2os. 900. Government bonds were less animated
ing UP only sil1ooo The market ruled firm
state issues were quiet with sales of s29 900 vir
stamped, and 81 900 Alabama class A. Silver Ger
tihcates were active and strong the dealings
|
final sale at 6SSs
The Posts London financial cablegram says
The carry over of mining shares at the settle
ment easily arranged and the tone of the
markets today was firmer. They closed below the
best. 1t is generally believed that the mining
scare is over but also possibly the boom, too
Americans steady to firm.
The New York Financier says this week. There
is no cessation to the movement which is drawing
down the reserve held by the New York clearing
house banks the statement issued Saturday, Oc.
tober r. showing further decrease of 81 29i 625
nhA total excess reserve now stands at $1i1I6,.
90o of which limited number of banks hold the
| greater part. Some Of the New York banks are
| below their reserve requirements and calling
| in loans, the decrease in the loan item for the
| week being 3.596,20o. The total loans $685.
6O6 00O SIG 900 900 less than reported September a.
| The banks lost in cash last week $3 $50 200 Since
| September the loss In cash has been $35 1872 700
| The deposits now aggregate $685. 491 200. the de-
! crease for the past week having been Sc, sos 300
This is oss' Of SAL 43s 900 since the 1st of Sep
| tember. but is $4,000 900 less than during the
| corresponding week last year.
| The following were the closing quotations on
| the leading stocks of the New York exchange
! today.