The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-17
STOCKS AND BONDS
The Days Speculation in Wall Street Review
of the Week

Inc Jay speculation IN wa Direct -kcNIcW
of the Week
NEW YORK, Feb H. Il The stock market dur
ing the two hours of business today was very
irregular in its movements, but in the main in
clined toward higher prices this tendency b.
ing due to the closing out OF short contracts
At the opening speculation was strong i'll tone,
a fractional dvance being recorded The i'm
provement, however was not maintained for
long time, break of Ia in National Load
causing sympathetic decline in the general
market: New Jersey Central was also attacked
and broke "a. Before l l O'Clock the temper OF
speculation had Undergone a change for the
better, Lead having recovered =. Jersey Cen
trail rallied l 3 on covering of short contracts
and he rest of the list moved up under similar
influences. About IL: here was slisht re-
'aetion, but In the II nal trading the market was
|, firm and closedin good tone, the greater part
/ OF the shares dealt in being q Dls4 high er on
the day
Speculation was restricted in the carly part
OF the week, AS but little hope was enter
tanned of Congressional relief to the financial
situation, the defeat of the bond bill merely
added slightly to the existing depression. An
other factor of weakness was the unfavorable
reports OF railroad earnings, notably the
granger roads. The re-pub ication OF the
terms of the Government loan. and that it had
sold its per cent bonds to tina Belmont-MOr-
gan syndicate had good effect The require
ment which provided for the importation OF
gold from from Europe. and that which re.
quired its best efforts to prevent the with
drawal oil gold from the treasury, were looked
upon as very favorable to the market. The
bears attempted to exaggerate the i'm ortance
OF purchases OF some gold in tho open market,
the buyers paying commission OF ss9ti per
cent to bullion brokers. But the effort to Gre
tI,o al inaf
i've.
North west was feature of the share specu-
lation throughout the week aud suffered from
heavy liquidation. Tobacco was forced down
N. The primary cause OF the break was
rumor to the effect that an insider was selling
the stock In the latter part of the week there
were evidences OF inside buying, which result
ed in a rally of AZ. Street gossip 10 the effect
that the affairs of the United States Cordage
would soon be transferred so the care OF receiv-
ers resulted in slump in the stock.
The closing trades OF the week disclose de-
mand for Cordage Stocks and they are marked
up Az, ga and 14.s respectively the net losses
being only Il for the common, for the pre-
ferred and u for ths guaranteed. Sugar. while
most prominent in the trading, moved within
psratiyely narrow limits The aggregate
sales of the week were S00.300 shares.
The general bond market today was firm but
dull, the sales aggregating $306,010. Trading
during the week was extremely uninteresting,
final sales for the most part being below those
of week ago.
Governments showed more activity than
for some time past, the combined sales aggre-
eating $3.50, 900 The 5s show an advance of
"a and the As OF z per cent which is due to the
high bids made for The new per cent loan
taken by the syndicate.
Bond List.
NEW York, Feb. l6.-rhe oficial closing
quotations on the stock board for the bond list
ia as follows: