Omaha daily bee., 1895-11-03
STOCKS AND BONDS.
security Market Opened quiet and
Denrcsseh Win Mcnrs ActiNc.

NEW YORK. Nov. 2.-The stock market today
opened quiet and depressed. An effective attack
was soon made by the bears. with the result OF
causing general decline in prices. Mobile &
Ohio lost per cent, Now York & st. Louis lists
preferred ana Rubber per cent, Atchison 1 per
cent and Atchison preferred, when issued, 2Ss
per cent, The reaction continued in force untll
near the end Of the last hour, when, cover
ing Of shorts fractional rally occurred which
impaired hrmCr tone tn the closing The
powerful influence Of foreign interests in the
stock markets Of the Unittd states has been
forcihly illustrated by the events Of the past few
weeks. DIPLOMATIC difficulties between the great
powers Of Europe brought about a mild but cf-
fcctivc war scare. Therefore British c1nsols ana
French rcntps, the untang barometers OF the
In London the South African mining stocks
securities and in Turkish and spanish
bonds; in Bcrlin contraction Of the
value of bank shares; in Boston re-
dclphil in Electric shares. and in New York there
was a sharp readius,mcnt in the valuation of
ron-diydend paying railway bond securities. In
word, the declining tendency of the week re-
ccivcd its impulse from abroad and its accel-
Grated force from the activity of the short interest
and lIquidation, az margins became exhausted;
The condition OF business throughout the United
States is excellent. Railway earnings and bank
ccarings show increases; the movement Of spring
wheat at the head of the lakes is unprecedented
in volume as Is the output of PIG iron; the fear
that the winter wheat crop would be failure is
dissipated by heavy rains from Texas to New
Cotton is slowly rallyng from the great break
the Interior points appear to confirm the low crop
estimates Foreign exchange remains firm, being
kept below the gold export point by supply of
bills which seems to be forthcoming just when
necessary. and not before. our exports, other
than cotton, continue favorable, while imports
silver bullion has been steady, and it will be
viii invest in white metal OF the $4,000 900 that
has just been received ON account Of the 'hincsa
indemnity The volume of business in stocks tor
the week has been greater than FOR some time
past, hut the details of the movements IN IN
dustrial securities reflect li,'a nothing Of i'm
portance as a rule. The dividend paying stocks
have been noticeably firm, and the weight of the
reaction has fallen in most cases upon the non
dividend paying railroads. Reading declined 0"s
per cent in anticipation Of a heavy assoSSmnht
and closed with net loss of 4@s per cent. The
other anthracite COalcTs also declined sharply in
sympathy, and also ON liquidation. Other note
EoshynIe. Missouri Pacific ana Wheeling x Lake
Erie preferred. The breaking off of the nego, a.
tions between the Panama railroad and the "a
cnc mail company had depressing eject lpon
the price of the stock of the last named concern
I'm the specialties Erie Telegraph declined II per
cent 10 so on Tuesday and the following day
The price recovered to o.. 1t closed for the week
Iioneral Electric, on selling for both accounts,
made an exceptional decline of G'l per cent TO
2gr, with a final rally of ; p"t cent olI''iatS5
Of The company say that business Is good and
profess to know no legitimate reason FOR the
drop Tobacco receded AZ per cent on the con-
tinued fight in the industry. but subsequently
rallied IL per cent on covering ol shorts Susn
lost per cent on reports of lower prizes '2r tm,
foreign and domestic product. The usual inlel.
| enCes relative to the assembly oi congress VIZ
made as likely unflvorably affect the comnaMN
| changes not elsewhere mentioned were: tAlh-
| in pittsburg, Cleveland, Cincinnati chicago "
ST. Louis preferred A. per cent AEnis'" E, r6rgo
Expross per cent: Mobile < Ohio, ~ per cent;
9snv' i@ R,o 9 and S'Ta iowa Gentra prcferrcd per
| cent, and Louisville 4 Nashville, - ll Ir,'i' i
| vanced iOit per cent; Pennsylvania Coal, 3 per
| cent; Metropolitan Traction, "a per cent an"
STEh Arc snss Iss for The week were 536oo shares
| Heavy sales Of AtChison bonds We're hpleu ,0"aH
and were attributed to foreign account ShGIl .i,l
| declines ensued and other classes of speculative
bonds sympathized, although the losses were irss
! mnimpSrtaut except in cairo, Arkansas ~ rcNas
| lists which rose pig per cent; Baltimore X omi'
Ss Ss"ST' Of % 81 and s. st. Paul per cent. Ats9sog
DDS declined = Per cent, N.S''I"m orh y Gran,
| IsianI isis trust receipts, and General Elccrt,
debenture rs, ~ per cent ana NiS,o"g'h
| lists, trust receipts ana Lake Erie x western
I'll Tie sales were 81 26i 600 The bond market f2
| The week was influenced by the conditions al
| Tmctirr The operltions in stocks. Reading issue.
| we're the features and gave way sharply on al
alleged forecast Of the terms OF the te4 sam"a'i' MA m
| plsn Subsequently substantial rally was IN
| duccd by purchases attributed to iaIEG bahh @ n
| tb. nrnpsrty Ntchson issues were sharply de
| pressed by liquidation. The important changes
Advances-New York 4 Rockaway Beach lists
| 5,a per cent; Morris & Essex Cons"i Suarhnteen @
| cent DrcIines-ReadinG lists js per cent; Read
ing DDS 80. per cent; Reading $ds 3a per cen, cent
Is. when issued, 3'2 per cent Tn" aggregate saie'
| were 81, ,i6i 900. -
| Governments We're duh and lower on trsnsac
| tions of s62 900 State securities were quiet am
| devoid of feature. with sales of s@',Otl NliEinit
| defer,ed Is $40 900 Virginia centuries 5000 Lou
| isiann consol Is and $1,000 North Carolina Is
| silver certificates were neglected put shad'
| higher on purchases Of $4,000 at Sc per con
| and 6s3sc ~,
| The New York Financer says this week: tn,
| statement of the associated banks OF the cllI o
New York for the week ending November shows
an increased reserve of 1904 1000 and reflects IN
| measure the cessation of the movement OF money
| or at least. counter balancing OF lt-whch ha'
| haen going on unintcrruptedly Toy 50 many weeks
The amount Of funds shipped 10 the Interior ma
| been decreasing rapidly since the hrSt week o
| October and for the week lust ended tho receipts
of curEency AT New York exceeded IN" outG"
| The banks gained s701,90O in cash during Tn
| week the unusually heavy increase OF Sl,u1rlV
| in specie being offset by loss of SJ9iOo in irEa
| tenders The contraction in loans continues. The
| decrease for the week being $l,SOl,0)0. The d"
| posit item decreased s1s0,Sl9, leaving the tota
| S529, s62, 400. ..,
The following We're the closing quotations or
the leading stocks OF the New York eXchans
today:
Aicbiaon =. -. ,7ss u. p. ID. n Il ......