Omaha daily bee., 1896-11-21
STOCKS AND BONDS.
Security Market Was Under Pressure
from Professional Bears.

NEW YORK, Nov. 2l.-The stock market was
under pressure from professional bears all day.
The volume Of business the lishJest that
has been recorded on any full business day
in the past two weeks and the distribution was
very poor. The movement was irregular ana in
most Instances narrow. tae market displaying
a tendency to rally when overpTessure was tenn
porarily removed. Operators who are usually
in close touch with speculative movements assert
that the short interest bids fair To- soon b.
come unWleldy a condition that is inducing some
interests 10 take back part Of the stocks sold
1t the top level Covering is also being stimu-
lated to extent BY the peaceful tenor Of the
- no important seIlIns % long stylAs anu
"splurges in the unusually spectacular special
ties. facilitated by the 4se.lEd easier monetary
otory Of tie market The bears and the bulls
without stocks accompany utheir attacks upon
outlook for traffic, and iay particular stress
upon the disc0uraElns hreturus that are now
coming TO hand al we'll as the more moderate
OF the high rricsi syucflIties and this has
msIt tlat was not noted uutu a day OF two
past in the low priced shares. London orders
prices were irregular and the changes frac-
uonal. Bear aggression, however, soon became
evident. American Spirits fell ~ per cent, but
reacted per cent but 'tsi9 Ibsses otherwise were
unimportant. The downward movement was
81 per cent in '1 c5nsdaS u Gas to-" to 10 q ON
variety OF rumors. ndse u which were con-
frnCd. A reaction followed 10 lbJG. ReadlnS
largely dealt in. ard sainei a point on
ports that the 0rEsfi zet elI;. q succeeded in ar
ranging for large reduction sIR rentals OF leased
lines. Leather preferred novel up a fraction
reports that dividend OF per cent would
~ declared az the meeting of the directors next
Tuesday. Bay state Gas lost ana afterwarl'
recovered l per cent
The announcement OF a further reduction in
the prices OF refined sugars caused only frac
tional decline in Sugar stock and herein also
q recovery followed In the early afternoon the
market was very dull. but prices st.ferad
sharply all around. In the last hour renewed
bear pressure caused depression 10 the lowest
figure Of the day. Long Island lacked support
and declined "a per cent, making the net loss
in this speciality in two days bi4 per cent. The
close was weak at general fractional net losses
Railway bonds We're dun ant without special
features Firmness was generally noted. how
ever.
The sales were Si455O90 Governments hslt
rn dealings 4 $500 silver Ctr IiCates w=.e
quiet and easier sales Of $4,000.
The Evening Posts London financial cablegram
says: The stock markets continued 70 improve
today. the feature being the recovering in mines
The small failure in that market CP. L. SMITH
Is Of no consequence. his liabilities being only
Z -oco. Another firm may perhaps fail trnur-
row. Money WAS little easier. Americans were
dull. but closed better. Low-pricsi bonds we're
steadily bought Brazil and Ar=entines were
strong. In Paris the market was firm, and ia
Berlin quiet.
The following we're the closing quotations on
the leading stocks OF the New York exchange
tlday: