Omaha daily bee., 1895-08-04
STOCKS AND BONDS
Tendency of Speculation wns IL the
DirectiOn OF Highcr prices.

NEW YORK, Aug. 3.-The tendency of specu-
lation today was in the direction OF higher
prices. Reflection over night seemed to have
changed the current Of view regarding this, par
ticular1y as regards the expectation OF gold, and
yesterdays engagements were not viewed with
any alarm in view OF the now well authenticated
fact that the bond syndicate has resources of
supply upon which II can draw to reimburse the
treasury for any losses to the gold reserve fund
due to shipments to Europe. The opening prices
were practically unchanged, but a bear raid on
Sugar early sent the stock down a fraction. The
general list was not depressed and Sugar quickly
sold up to liz, which Is ~, per cent above last
nights closing. with a final reaction Of y per
cent, leaving a net gain of IL per cent. Other
stocks traded in moved up, notably Chicago Gas,
Rock Island and Consolidated Gas, but In the
late trading selling. caused a slight reaction.
C6,ordase preferred fluctuated widely, breaking
ga per cent and closing u per cent above the
lowest, The market closed firm. with prices
Closing sales Of yesterday. The Volume of bu nI
ness this week shows a slight increase over last
week, ana the trading was more widely dis
~tributed. An unsettled tone. however, character
ized the dealings; and the market was mainly
operations IN, gag RS cisplayed ma kei $ rength
advance being stimulated by favorable crop ad-
vices. Later in the week less encouraging reports
Of sentiment, which induced realizations and
sales Tor me short account and a lower range of
the final dealings, and the changes were slight,
except that burlington is down l per cent and
large business was done in Sugar which N was
moved solely by clique manipulation. The Van
anu b'ulu .SlpekS were DtuBnt on Inc
strength of expected maintenance OF rates under
the trunk line agreement and the anticipated
The Cordage shares made large gains on the
announcement that ths plan of reorganization OF
and that n majority of the bonds and stocks
have been deposited with The committee. There
u reaction, but the shares closed ) per cent
higher for the guarantff. ~ per cent for the
announcement by the management of the United
States Leather compAng Ithat a new issue OF
stock IN Tho nmnnnf al 4 II 00l ID "a IA 10 Vnnln
excited an unfavorabla Influence on the preferred
stock OF the company. which had advanced l per
cent, and which broke : per cent u 50. recovering
lts per cent in the final dealings. The week
saiss w wl'e J P .ssS, so5 se ssa4tt' higher Fhe bond The NATAL tGtel
today was quiet, but frm in tone, sales aggre-
was moderately active and generally strong. total
sales benig 81. ss9. 900. qfG
The more important gains were: Iron Noun
Northern Illinois hih SsH aIs, AIIdR.ss32n cent ts' ana an P Per esnt;
Coal ars,s TTepSnessee division, 81 per cent,
h ManS Mis s1,y a ps o%Sh9 5S K aeel,nel ~ per cent
Government bonds were G;iiSt and Slightly easter.
with sales Of s4l,eo1 State issues We're dormant,
YER cettihcates Was s2o.soo at sGa,c. 91' " 81
The New York Finhncier SAYS; A decrease Of
the association. which is The feature Of The hank
Si ni1pa, rhs changes IN cash holdings were
IN loans the reserve would have swelled some
thlng IKE l'ooo,OOo a large part OF this gain
which Is maintained in a volume larger than has
oeeh anticipated Large remlitances have also
been received from some Of the eastern hanks
during the week. The increase in loans. coming
immediately after the decrease OF the week pre-
yious. Is not to he explained easily, hut money,
In view of the long predicted advance, Is very
ana shrsWd borrowers are quick 10 take
o. an opportunity which may not occur
again The opportunity for rediscounts from the
west aud south - also increasing. aud some
large sums have been placed within the past few
days \ number OF banks having large eounec-
lions OF this kind report a revival Of the de-
mand. which has extended over two weeks. The
treasury II may be remarked. Is preparing for the
which n viii be called uDon 10 DO In the
way q tansferrlng funds by telegraph as they
nre called Tor. The rates for fuGds have shown
no material change, although the gold exports
complicated the situation tn some extent. |
Ihe last Withdrawals OF funds with which to Sc