Omaha daily bee., 1896-03-29
English influence Not II Factor In
the Speculntive Markets.

| English influence NOT IL FnctOr HI
the Speculative Markets.
NEW YORK, March 2S.-The local stock mar
ket today moved more Independently of English
influence than for some time past, the roundup
of short contracts by the bears being the prin-
cipal motive for the dealings. The Burlington
report for February, showing an increase In the
surplus of $27S. 39l, was more satisfactory thnn
| had been anticipated. For some time past Bur
iington has been a favorite with the bears, and
today the rather precipitate covering helped TO
| give tone to the railway list at large. The stock
rose rs per cent, while the other grangers
gained fractions. Tobacco overshadowed the en-
tire market, and rose an extreme Ia per cent, to
SO, the top price of the week. but eased off at
the close. The entire movement in this specially
is assumed to have been based upon expectation
OF the declaration of a dividend, OF dividends, on
Wednesday next. In well Informed circles the
situation in Tobacco looks exactly similar TO
that in Leather some time ago. previous to
the declaration of the dividend on that stock.
eventually. The Laclede Gas shares, common
and preferred, were strong, advancing ls and /
per cent respectively. In the other markets. frac-
tional gains were distributed, with Union Pa
cifc displaying a ripple OF activity. The market
closed fairly active. with prices at about the
The stock movement for the week has been Of
gravitating toward a lower level. a noteworthy
fact, however. is the demonstration in disposi-
with them. The speculation has been shaped
chiefly by two factors OF special Importance
The rapidly succeeding political complications In
Europe, and the continued Interest In the Cuban
dellDtTatlOHs AZ NusIInBtbu. HdNt chhStl al
steady ~dribbling in American securities on this
market. The choice character of some OF the
cate that the foreigners have been pretty well
bailed out. Aside from the political unrest, there
esp5rts OF gold to Europe. In view of the un-
precedented large treasury holdings OF gold, II
could be Skipped TO Europe without serious con-
sequences. The real unfavorabie influence OF a
contrary to the popular Impression, 1t is senti-
ment. rather than reason, that frequently actu-
department intends to use all legitimate means
In safeguarding its gold reserve, and in conse-
fates to within N'of i cent Of the shipping
point, a second call o. about 20 per cent on
be made on the depository banks in the near
future. and probably within, a day or two.
eonsideration a further advance OF Lis per cent
in the premium on gold bars, following up the
S has been OF overlooked irIo psd that the m'S treasury ssssr viii P1r~s
to disburse on April ! about s.; Soo. go IN Interest
On ,S,s the sm Sd t-p SIll cent nnao lSan, The ea a,str'q lneTease Cd
ease in the money market. and In the end tend
the administrator, The logical way out OF the
dificulty is to take from the depository banks ks
,yta.u1 the meets Sas h its ,ob Mene M,'h the 0'her the
Unconfrmed rumors at the close OF business
g %ers sha apo sSo sh if%asns e q soId by sOu she e @rfy
steamer next week ,aggregating 81 500. 600. The
The industrials chiefly occupied professional deal
els. Manipulation In Tobacco was the star spec
ulative event In the group; and AL sorts OF
changes were rung In regarding It's dividend and
other probabilities. Chicago Gas was also
adroitly handled on rumors of a more favorable
attitude on the part OF Attorney General Moloney
on the questions OF the consolidation and II the
declaration OF a dividend. The Developments af-
fecting the railroad list were OF a routine char
acter. including the declaration OF the regular
quarterly dividends on the Lackawanna and Rock
island. Railroad earnings were In the main sat
isfactory, including the Burlington report for
February. and substantial increase In the 81.
Paul returns for the third week in March. The
most important net change for the week Is a
net gain OF ~ per cent in Tobacco. The aggre-
gate sales We're sos. S6 shares.
Today's bond market was duh and firm, but
featureless. The sales We're si9I.O0
on the week this market was Irregular. with an
easier tendency. The net concessions in the
speculative issues were light. but there We're
some material declines In some OF the inactive
Governments were easier today on
sales OF $4,000, The weeks market was firm on
OF s30S.O00
The New York Financier says this week: The
Of the Associated Banks Of New York
City for the week ending March y u in marked