Omaha daily bee., 1896-02-22
STOCKS AND noNDs.
security Market Was Not So Active
ms on Thursdny


NEW YORK. Feb. 2.-Tudays stock market
was slightly below yesterdays record In point
OF activity, and the course OF prices while
somewhat erratic. reflected strong undettone
The real tendency of values was obscured by
the approach OF the double holiday which caused
traders on both sides Of the account to clean
up their contracts. The railroad stocks ex-
ceeded the industrials in extent of transactions
sania sI nh some OF the s95called speclalties sub
ana improvements were well distributed though n
ter,ai 1he IN prices we'e not as rule ma
spicuous. St Paul and Louisville g. NashyiiI.
voa Of trading sf fuhsr @hS synnei place % ,hn
prices OF American stocks in London contributed
rcactonary tendency Was sue soon 'al daySaas Seaass
sTer' s & to which force was impaired by the iqulda
In extent, caused break of / per cent in Man.
hattan ana Tobacco, and almost equally mpor-
Vile & Nashville, Missouri Pacific and Tennessee
Coal' the selling pressure was soon exhausted
which lasted until about =. m. At the time
mentioned purchases by commis ssion houses and
Leather preferred was the feature. rising 3 per
cent on fumors of favorable annual report
ances ssfH'ps M dsn ES"lSe Eps"a4f %
per cent. and less important gains were scored
ST. Louis stocks We're actively "'' dealt in. and
improved ! per cent for the common 2A per
The second preferred, An encouraging feature
of s,ton, the day day was slightly lower rate in time
periods up to six months, There was NJ ap-
paper market but Indications Of the antici-
pated easier range in rates were discernible
most entirely lacking. The market closed quiet
but strong in tone. with the net Changes ad
Speculation in bonds. while less active than
on THURSDAY footed up large total. Atchson
but oregon Short line bonds attracted consider
able ape business ma and recorded material advance
yssS yanHsd per cent to Ss,s; reacted to S. and
Seattle, Lake Shore & Eastern lists, Trust re.
and oregon Navigation SIS. trust receipts, per per
cent; Kansas Pacific consols. trust receipts, ST.
trust Is, Ia per cent: Peoria & Eastern lists
St, Joseph, & Grand Island lists, trust receipts
Line ds, !. per cent; oregon Short Line. trust
receipts: ~ per cent; and Oregon Short Line
Electric, .debenture IS, ,dcciined IL per cent
a Dealings in e, government bonds We're considerably
by marked tirmness. The aggregate sales were
Tomorrow. washington's birthday being n
close legal holiday, tht Stock exchange and
financial institutions generally will be closed.
gram says: The feature Of the markets today
Tss the srsns n ssr and silver
srsd sssd 1at Ssesre S may
government and railway securities were steadly
bid for Amerioar,s were firm. with more
best bonds. Louisville and St. Paul shares are
sy sd tho s hs ssn m ' asas last %s days
best. There was a further rise in Dutch ex-
from Holland. Tho Paris ana Berlin markets
quiet and dull
The New York Financier says this week of the
bank statement: Comparison with the statement
Of one year ago is Interesting at the present time
the Morgan syndicate for s6e. 400. 900 worth Of
bonds. The banks then held sa3. .225 above
at between and 2 per cent. The reserves
then began to shrink and for the corresponding
week one year ago stood at practically the same
figures reported Friday. Despite the fact the
shrlnkage in the reserve continued until April,
when 1t stood at only s13 600 00O call money never
averaged more than 2ls per cent. or III per cent
reserve stood nearly $4,000 higher The i'm
ports of gold for the present loan have been
almost az heavy as were required to settle the
syndcate's transaction last spring. and the
chances are that additional gold Is yet to be i'm
ported. The present bond loan is not all paid
for yet II is true. but the remaining time ex-
that stringency now Is improbable. II the
shrlnlage caused by the last loan and its effect
in loanS must be credited partly to mercantile
sources since commercial paper Is finding an
easier market; Boston banks have been bcr-
rowing from New York to some extent, owing to
a local stringency nt that point, but the bond
issue accounts for the larger proportion of the
increase. The decrease in specie is logical
even, and the amount seems n little out of the
way 1t is difficult to see just how the bank
holdings affected by the interior movement
going west. owing to sudden demand there ex-
change at Chicago falling below par. The heavy
decrease in circulation noted during the past
few weeks is being made up by "A large increase
now
The following were the closing quotations on
the leading stocks OF the New York exchange