Omaha daily bee., 1895-05-12
STOCKS AMI BONDS.
In Securities the Upward Movement Re.
neiXeh q Fresh lmpetns.

NEW YORK May lion the Stock exchange
today the upward movement which has been
in progress throughout the week received
fresh impetus and higher range of values
was established. Notwithstanding the fact that
at the opening London was a seller and that
local traders were realizing prohts, the market
was well held and gradually gained strength,
the foreigners changing front and becoming
good buyers In the last hour the speculation
was very buoyant in tone and closed strong
with prices generally at the best OF the day
and week. Grangers are from u to IL per cent
higher, the latter in Burlington; Central PaUhc,
lh per cent; Erie and Northern Pacific, l per
cent. Northern Pacific preferred. 2% per cent,
Wabash preferred and Cordage guaranteed,
ia per cent; Canada Pacific, Dstilling, Denver
preferred and Pittsburg Western preferred,
~ per cent: Baltimore Il Ohio. per cent; ST.
Paul d Denver, 2h per cent; st. Paul & Omaha
preferred, 2h per cent; Sugar, pa per cent; Mex
lean National Construction, per cent, and ore
gon Navigation, 3i9 per cent Great Northern pre-
close yesterday; Duluth, South Shore X Allan
tic common and preferred lost per cent eaCh
and few other shares are fraction lower on
Pacific Mail opened per cent lower on the
announcement that the negotiations with the
Panama Railroad company had been abandoned
but the decline had been fully recovered at the
close. The past week has been notable one
in Wall street by reason Of the great activity
of the stock market, the wide distribution of the
business the material advances recorded ana
the large buying for the foreign account. An
other prominent feature was the Generalization
of the sterling exchange market rates the
close showing reduction OF I'd in both long
and short bills. The trading at times at
tended by considerable excitement. and the
short Interest in the market was frequently
forced to cover without regard to the prices at
which purchases had been made. Sales to real
ize prohts were about the only depressing intlu-
ence, except that occasionally the bears en-
deavored to hammer down groups of stocks
such as the coalers and grangers and indi-
vidual securities on unfavorabe reports affecting
these properties but these raids proved inet-
fectual. The market was a rising one, and after
every reaction a gain was quickly established
| by the fact that some ninety shares touched
i ra m,shfp inIn The Commission houses
| reported a flood of orders from the more prom
nent financial centers of the country Manipu,
| lation plainly evident in the movement OF
several stocks. including Sugar, but the char.
| acter of the general news in circulation was of
| such a nature TO inspire confidence. The
| sharp recession in the rates Of exchange led to
| talk of gold imports in the near future. The
| sales of the week aggregated 2,45O COO shares.
! and 1856 stocks We're traded in.
The bond speculation today was active and
buoyant. with sales of 50, 2G9, 900. The only de.
age frsts. During the week the trading In
mortgages was scale Of mammoth proper.
which has not been reached in any one week
for years past. The largest buyers We're the
| foreigners. The dealings have been chiefly
characterized by marked buoyancy and material
| advances have been recorded in most of the Sc
curities dealt in, the distribution of business
being wider than usual and extending to bonds
| which have not been traded in for more than .
year In all 277 MORTGAGES were dealt in.
| Government bonds were notably strong and
| the leading brokers reported large sales ovei
| the country. the sales AZ The board being S22 900
State bonds figured inIthet dealings for $6Oo)o' OF
The Evening Posts Lundon cabegram sayi
there further and a stronger rise II
The best opinions regard the rise as too rapid
The fall In exchange is 'steadytng our market
on the leading stocks of the New York ex
| change today: