Omaha daily bee., 1895-11-24
STOCKS AND BoNDs.
Speculation Daring the week Irregu.
Inr VIII n DnIxn xNnrd Ten.le encN.

NEW YORK, Nov. y. = The stock market today
opened dun and Irregular. with exchanges in
prices unimportant. A raid the industrials by
the traders resultedi In only fractional declines
except In Tobacco and Leather preferred. which
lost iis and per cent3respectively. The railway
shares were UNAFFECTED by the heavipcss In the
foregoing stocks and ruled slightly above last
nights final prcess In the late dealings the
movement II prices ~as erratic and the close was
irregular. There was no special news bearing
market was considered indicative Of fur her heavy
exports OF gold next week The supply OF CONNER
cial bills is stili very light. Speculation duiing
the week was Irregular with a downward trend.
Favorable ntws, such, for instance. the rati-
ncation Of the trunk line presidents agreem mt
and the announcement OF heavy Increases in the
earnings Of the northwestern railroads. with mod
crate but satisfactory gains other lines failed
to stimulate advance in securities. on the
other hand. unfavorable news. as for example
the decision of the United states supreme court
adverse to the Western Union Telegraph com,
pany. and the hostile attitude of the attorney
general of this state toward the American To-
bacco company. af,er causing sharp declines left
the market exceedingly DUH
The salient feature of the week has been the
heavy outward movement OF gold, S. 500. 269,
being close TO the heaviest shipments of any
single week on record-this was all drawn from
the treasury reserve. 1t Is obvious that the dam
built by the great syndicate bankers to protect
intense pressure for remittances and Consequently
n flood of gold pours forth. Secretary Carlisle's
after dinner speech at the banquet of the Chamber
OF Commerce. advocating the retirement of the
greenbacks, had redrected attention TO that ques-
tion In the Judgment of many experienced nnan-
ciers the real underlying cause OF the persistent
export movement of gold was ignored 1t was a
simple proposition that the American people owe
the money to Europe and can only pay 1T by
sending gold our imports OF merchandise are
very large, while exp )rts are relatively quite
small Every year at least loO, 900 American cit-
zens visit Europe, spending there an aggregate
the products of the farm, the mines and factory
are added TO the sums necessary to pay Interest
and dividends on our securities held abroad. and
at times to take back such part OF the securities
themselves as the foreign holders wish to re
lp
losing gold TO Europe. To reiterate at this time
than the value OF our exported merchandise will
The net results of the weeks operations were
losses generally, the more noteworthy of which
are Tobacco, per cent; Tobacco preferred, 3fi
per Cent and western Tnon pr cent
clede Gas preferred was conspicuous by a rise OF
per cent. The aggregate sales were iol2.Soo
Trading in bonds today light and upon a
sS heeded By Western Union Collateral trust IS, is
per cent. and Lehigh Valley terminal lists and
per cent The dealings amounted to s5s4, ,OoO. The
movement of bond prices during the week was
fGsn hine issues were prominent in the trading and
advanced sharply, with subsequent partial re-
ciines were general The more important losses
were: International & Great Northern ?ds. per
cent; Peoria & Eastern acomes and Union Pa
iantic & Pacific guaranteed As There was an in
pense iis Of values The new Is made sharp frac-
tional decline. The sales were 1l6 600 state
bonds were dormant with sales Of only $4,000.
The New York Financier says this week: As is
usually the case when heavy gold exports are
being made the statement of the New York clear
ing banks does not reflect existing cond-
tions. As shipments OF gold during the six days
covered by the report aggregated over SIOoo.OOO;
the banks. despite the fact that they received
more currency from the interior than they
shipped, must have lost largely in legal tenders;
which we're withdrawh FOR f6r the exchange % Of gold i
specie item in the Statement has been showing
n steady gain. The gain reported by the com
bued banks for the week was S5l6. 100. bringing
the total specie item TO s66 2A 800. or an in
This regular increase has given rise TO rumor
that the, New York banks were preparing for
another bond issue. but as the banks have been
losing gold since June until recently and now
hold less than was reported Immediately after
they had absorbed "a bond Issue. the small in
crease does not seem to possess much i'm
portance 1t is doubtful. too. whether the recent
expansion of the specie Item means that the
banks possess that much more gold. since silver
The following We're the closing quotations on
the leading stocks of the New York exchange
today: