Omaha daily bee., 1896-10-16
STOCKS AND BONDS.
Security Market Was Irregular, with
u Singing Tendency.

NEW YORK. oct l5.-The stock market today
was irregular, with a sagging tendency. on a
diminished volume OF business. The profess
sicnal traders maintained their control OF the
speculation but some commission house pur-
chascs for casa were also reported. The indus
trials bore the brunt OF persistent bear drives
and the general list was sympnthctcally de-
pressed The market as whole was unfavor-
ably affected by the stiffness in the money
drawal ut gold from the subtreasury under
some what peculiar circumstances. The details
OF the transaction will be found In another
play of strength the failure Of the gov
einors OF tdc Bank Of England TO advance the
minimum rate OF discount of the institution, as
had been expected. An advance to 3ia per cent
had been considered In the light Of fureEone
street, or open discount rate To- 3 per cent
which is the current bank figure This com
s.ratNe attitude of the British governmental
financial institution was regarded assuring
further large shipments Of gold to this country
lhe good cHect was soon dtssipated, aud a
succession Of bear attacks broke prices, despite
favorable trade reports affecting some of the
STOCKS involved The greatest bear aggression
occurred in the afternoon session, and caused
the wipinE out of tie early Improvement
IN market opened hrm despite lower London
prices, under the leadership OF Tobacco. IN which
stock effective manipulation was again apparent
on revived runners uf an impending purchase OF
leading firms in opposition to the company Ivy
powerful financial interests rise Of 37s per
cent to 76 occurred on an irregular movement.
subsequently a reaction took place 10 1iig. The
mai figure was i5i. BAY state Gas dropped
actual or impending receivership which ELECTED
emphatic dcnials Of inside interests. The stock
rallied to lVls, The pressure against tho list
caus d d' c mes OF ltr cent in Sugar and lie th =
and losses of point from the high levci were
scored bv Chicago Gas ana General Electric.
The grHnEers and other leading shares sold off
l to lia per cent, with St Paul, Burlington and
Manhattan leading. The close weak at
fractional net losses. Railroad bonds duh
and fractionnlly lower In most instances.
The sales were SSliO00. Government bonds
firm transactions Of $4,000 silver Ger
tincatcs were slightly higher ON purchases of
$4,000
The Evening Posts London financial cable
gram says The stock markets opened unsettled
today. pending the decision In the bank rate. and
cousols down to loss on the announce
mcnt Of no change In the rate. the markets raj
lied generally. consols rising to 1OSA Except
Tor cUnsols however the recovery short
lived. and. signs OF trouble and force llquida-
tion i'm the mining market, the dun tone again
asserted itself. Mines were heavily sold from
Paris. weak accounts being closed there and
ets. II may be said that inaction OF the bank
was n general surprise when the bank returns
became known and the bank did not raise the
rate II is believed that the directors Will either
borrow money from the market this week, and
SO make the rate effective, will raise the
rate next week TO pei cent. The details Of
the gold movement for the week show that
CT 3C5 GO In bars and United States coin were
sold tlat E3IOOC exported TO Egypt. and
that c36 OcO were brought from Egypt. and &C.. 600
from Portugal. The Paris and Berlin markets
weak.
The following were the closing quotations on
the leading stocks Of the New York exchange