Omaha daily bee., 1896-08-21
o AND \
Holders of Securities Much Disnp.
nnInIel MiIh the SiInnIinn.

II Aug 2O-Today's stock market
disappointed the owners and holders Of securi-
ties who had pinned their faith to a decided
Improvement in prices as a result Of the be
ginning Of the return flow Of gold announced
yesterday. A further engagement for import to
this country Of $3.50. 900 was made today. and
there were unconirmed rumors after the close
NJ business Of additional heavy imports impcnd-
ing within "a day or two. IT was announced
that the bank presidents whose conference was
reported yesterday had decided that concerted
action 10 secure gold from Europe was not
called FOR In the existing circumstances. As
usual In similar conditions the street was fur
nished with a considerable amount OF ingenious
put unauthorltatiNe data regarding the pros
pective importation OF the yellow metal, In
liat lhe imports OF gold were Tor the express
purpose OF %afording mucA needed financial re-
lief to the mercantile community. There was also
a contlct oil opinion among experts as to whether
the f%2,O00.O00 engagement Of Messrs. Lazard-
II is unreasonable that many business men
have recently found 1t difficult to secure none
cessive reports Of the curtailment Of Industrial
activity. Although not a matter of record, .
money by merchants, and banking houses re-
ported applications by customers for money
chants believe, however, that most Of the weak
concerns have already been weeded out.
Transactions in commercial paper were re-
ported at Z per cent, as against nominal figures
Of Sal2 pr cent quoted yesterday. The market
lrreEularly, vita a persistent downward trend
marked. The traders were bearishly disposed on
account Of the failure OF the London market
to respond to the improvement on Ihe local ex-
change yesterday. Reported further cutting OF
railroad rates, a stifening in exchange figures
Of the associated banks on Saturday contributed
to depress stocks, The opening was quiet and
irreGularly weak, with the variations unimpor-
tnnt. aside from Missouri Pacific. which ad-
vanced a per cent, and Western Union, which
sold off y per cent. The bulls in Sugar soon
made a diversion in that stock, resulting in an
advance of l per cent. and checked the general
reactionary tendency. burlington and Manhat-
tan rose rs per cent each and the other shares
gained sharp fractions. The rise was stimu-
lated by the news OF a S25O9 900 gold engagement
abroad by a prominent banking house. Recess
sions followed on realtzations and decided dull
ness succeeded. The bear traders We're encour-
aged by the speculative apatay in the later
dealings and made an effective drive az along
the line. Their operations We're facilitated by an
advance in exchange to the basis of S4S5% for
S4.S4A. A marked depression occurred in the
maj hour sugar lost "a Per cent and baTling-
covered the amount of the disbursement. re-
acted Pa per cent. The losses in the
other shares ranged from l to ~ per cent, par
ucularly IN the gransers and Tobacco. The last
mentioned was affected by the reported institu.
at the lowest. Railroad bonds We're irregular,
with the fluctuations extremely wide in many
was downward. The sales were S53S. 900. Louis.
Vile a Nashville 5s led the decline, with a loss
consols led the advance, with a gain of 4 pei
cent Silver certificates were steady on dealings
The Evening Posts London financial cablesran
says: The activity IN the stock markets con
1 AAAAN' ~ 1890 @@ AANAAAh HN~ fN@
ing, but the market closed easier on Paris
selling. The other markets were featureless and
dull. the uncertainty in the American situation
paralyzing business, Americans We're well under
the parity, with no business doing, the DISPOSE.
ton here being TO regard the shipments OF gold
to New York as evidence OF the gravity of tbs
financial situation in the United States. A large
shipment OF gold was made today to Monte
video. and in some quarters II was rumored thai
it's real destination was the United States. This
however. is not so. although ! gather that 81
500. 600 will probably go TO New York by Satur
days steamer. The shipments are apparently
made by banking houses in the financial syndi
cate. who probably found Inducements on thii
side of an exchange operation for. shipping
gold. Five hundred thousand dollars in gold ii
believed 10 have been shipped from Paris today
to America l cannot absolutely confirm this.
The weekly statement of the Bank of Eng
land shows that the coin and bullion have in
creased f336, 900. OF which GIG 600 was gold i'm
ported, and G100, 900 of II from Australia anC
fl6,O 600 from the continent. Notes came baci
from home circulation to the extent OF E1il,
900, and other deposits decreased $3.50 600. show
ing that the margin of unused money is becom
ing less. The ingathering of revenue increased
the public deposits by over El,OOO, 600. The Pari
and Berlin markets were firm.
Ine following were the closing quotations Of
the leading stocks of the New York eSchang
today: