Omaha daily bee., 1896-05-10
TnE

portant declincs-tn the spccialtics. Great
northern preferred v4s conspicuous for q rise OF
nany OF large anthracite coal fields. Tennessee
coal Colorado Futl md Illinois steel and sugar,
reacilng sharply on fumnis ~ Il Unite acquisition
OF a leading competitor, jumped Z per cent 10 49,
iN Sc Il sales Saused a rf Hn TO ~
Der broke sharply onlrcportcd impending strong
opposition. and Tolngco was depressed in CON
and other officials OF the company. The ran
read list saggfdi IN response to generai eond!-
the Industrial group. An money rates touched
( per cent toward Ind end " the week, hut lib
ctal offerings sent tho rate down TO 2g and 3 per
cent, the normal quotations The hnal prices
recorded net losses. although sharp recoveri's
stances. The sales were 1854 shares. The
bond trading today was dull, but firm. The
the week on the local and foreign selling. The
spa %culatlve issues sustained sharp d clines With
bonds. transactions were &,GSLCon. Govern
ments were active and irregular, with the new
deal ESpsrS wcre u sss7' I 5oo pressure i' "sF''s'''
The Evening Posts London cabiegram says:
Rrown. %shipplcy & CO.'S issue OF ]fA,coo,ooo OF
New York city 49, per cent bonds was wei, re.
per cent. Americans were better today, notwith-
standing the gold ~shipments
The New York Financier says THIS Week Inc
statement Of the associated banks Of New York
city for the week ending May Is In marked
is due mainly TO the continued exports of gold,
which have drawn from the banks q large
amount OF tundS willCn btneI"lSt Nuulu
been counted in the excess reserve, The note
worthy expansion in loans of 81, 1913, 200 was also
an appreciate factor In this connection, ana
was one Of the most favorable features OF the
statement, indicating, as 1t does, a demand to
a great extent from mercantile sources. The
market for loans during the week was on a
stcadier basis, despite the gold shipments, and
the demand for commercial paper Is without
doubt increasing, and the business of the banks
is taken on a broadening character. Another
event which has had a bearing on the situation
has been the payment of several millions In
the subtreasury by the depository banks, so
that, altogether. the weeks operations prevented
an accumulation OF superior funds, which are
still moving heavily in this direction, and re-
duoed the surplus reserve of the preceding mar
ket. The present condition Of the market is
more normal than at this time last year, or the
year previous. The surplus reserve on May IL,
1895. stood at sal 100000, and on May II, 1894,
at $50, 600. 900, which shows the changed c2ndi-
lions to n nice Y, The immediate future of
the New York money market rests largely on the
continuance and amount OF gold exports. the dis
position of the remaining government funds in
rational banks. and the extent of the movement
+ interior funds. The apparent growing demand
for loans is also n certain factor. 1t Is doubtful
whether the statement reflects in full the real
ahnnges of the week. The reported loss in legal
tenders was 81, S36, 200, and the increase in de-
posits was 81. 400. The banks gained in specie
1856. $50, and the excess reserve stands at s2J-
243, l45.
The following were the closing quotations on
the leading stocks of the New York exchange
today: