Omaha daily bee., 1896-10-14
STOCKS AND BONDS.
Speculation Sentiment Went Around
To the Hull NIla Acsic rlnA-

NEW YORK, Oct i3-Specuativc sentiment
went around to the bull side today. The volume
OF business, however, was not particularly large
or the distribution OF dealings improved. Ac-
tivlty again centered In few OF the strongly
cliqued shares, with Tobacco the star performer
on manipulation against the shorts. News OF
the completion OF the fortnightly settlement on
the London Stock exchange without friction was
coupled previous 10 the local opening with ca
bled advees OF higher prices -for American Sc
curltles' Reports OF greater confidence to the
Eenethl business and financial outlook and OF n
further sharp advance in the prices OF our cereals
and other food products, together with n contIn-
nuence in shaping prices Nevertheless, buying
other than by professionals was the exception.
engagement OF about ssCOOOO in gold for import
70 this country, although experts figured that
discount rate precluded Imports on a regular ex-
change basis at above A.S3ss for actual demand
sterling.
The exchange market was slightly easter to-
DAY, actual demand being offered in in
posed TO put out time money for other than
periods OF nine months and beyond one year,
short time accommodations There is some com
ment over the extremely light return flow Of
funds to this city that were forwarded earlier
for crop moving purposes. Commercial paper
OF the very best quality Is In increased supply
provcments in the forenoon share prices were
very pronounced. Tobacco moved up OK per cent
belnted short interests. Other advances in the
industrials extended to 2h per cent in
NrlCagO GaS. ana IN the less ECttNe group on to
lk per cent. In the railways the gains ranged
up to l7s in Rock Island. ProHt- taking around
o'clock caused ~ setback, in which Sugar and
Manhattan were the chief sufferers. The decline
was of brief duration. Renewed strength de-
veloped generally in the final hour the best
figures OF the day being recorded. The gains
among the usually inactive shares were numer-
Gus. including St Paul preferred, which sold at
l2i. and Rubber preferred at 6Si5. compared
with respective closing bids yesterday OF l20 and
8. The closing was strong at the best figures
aud showing net gains of from to 2 points. The
bond market moved upward In sympathy with
stocks. and in many instances the gains We're
material The greatest advance and activity
were In the Atchison and Reading Issues. which
averaged point. The sales were 6SS 600 shares.
Governments were quiet but higher on purchases
OF s.. coo.
The Evening Posts London financial cablegram
says: The stock market opened dull today and
then rallied generally and considerably on lighter
contangoes and an easier arrangement Of the eff
feet I'm this settlement than had been looked for.
The Improvement continued until near the close.
when there was slight reaction on further gold
exports indicating strong probability of rise
in the bank rate.
The general belief here is that large amounts
OF gold will return from America after the cleo
tion. Americans were good from start to finish.
There n substantial recovery In other mar
kets Brazil being the principal feature. The
Paris bourse much better on the rise in
depends Spanish finance. II is hoped there
that further Russian loan may be issued just
yet. The Berlin market steadier.
The following were the closing quotations on
the leading stocks OF the New York exchange
today: