Omaha daily bee., 1896-06-28
STOCKS AND BONDS.
Securities Developed Under
II Renewed LiHuidntiOn.

NEW YORK, June 27.-The stock market to-
day developed pronounced weakness under "A re-
newal of liquidation and heavy short offerings.
There appeared to be a widespread distribution
of stop loss orders and in the street generally
a degree of nervous tension prevailed that was
not satisfactorily explained as due to specific
reports or rumors. a prominent operator. who
is generally identified with efforts on the bull
side of the market, was today considered mainly
responsible for the attacks on several of the
leading railway properties, One factor in the
some Of the bear traders that the traffic returns
Of a number Of the leading properties to be sub
ket was Indifferent TO improvement in London
prices of American securities based on the more
Icassuring turn In the Venezuelan imbroglio, and
the more important concessions in the railway
list were scored in the International stocks.
The bear contingent redoubled its efforts on
the discovery of the attempts to unload long
stocks. The first appearance Of weakness oc-
CURED In the industrial shares, with Sugar the
main point Of attack, Leather preferred and
Tobacco were also hammered, but the losses
We're less serious. The market. as "A whole, APP
peared 10 be unsupported and yielded readily
10 pressure Dealings in sugar were on a
2s per cent to ll3A occurred, Laclede Gas pre-
erred was q notable exception to the general
Boston connections We're conspicuous sellers OF
s@Tltn e [ca ana -; Paul and RGS l,,l Island weEe
vile fell ~ per cent and important declines
s TsTS TsSardf fad III so Mail Of es tss sSS'nTs' iesims an" ID
per cent. The market closed weak at about the
declines were noted. In the weeks operation
however, a dropping tendency we'll defined, The
predominant factor was the silver agitation.
ton with Sugar in the foremost position in point
of activity and extent Of fuctuation. The os-
Was the collapse of the over-extended speculation
i'm the product by European dealers. This condi-
tion resulted in a break OF Importance in domes-
Heavy lines of long stock were thrown on the
market by insiders who usually are not satisfied
with Il narrow range after changing their market
position, II would not be surprising. however,
In any event, II the shorts were compelled TO
cover their lines, The extreme decline was 81
per cent to ll3; subsequently IA recovery In the
foreign product ana a renewal OF inside support
caused a rally 10 lld.. From that figure fresh
liquidation effected a recession to within a frac-
ton OF the low point. The movement In the stock
appeared to dominate the course OF the specula-
ZION in the general market. L.qu dati)n was petty
general and material losses We're scored, despite
occasional purchases for foreign account. The
grangers and southwestcrns were the greatest
lowest point. The market was decidedly nervous
throughout, The coalors rose sharply on the otfi-
clal announcement OF the advance in anthracite
coal prices, but even in this group the reactlonary
tendency in the general speculation prevented The
T TSs principal ' losses 'u" were s"p'0G Leather
P prg eqn, rob AZ = P s@ pe SeH eent: fP% adiRss Nail ~
per cent; Northwest, Kansas \ Texas preferred
s and, Ig E6sk ISLAND eSS' a ni P Garn Sgai E stgt1Sl ~ per per
cent, and Consolidated Gas Manhattan and Atch-
The aggregate sales We're I.2o2. 500 shares.
Tae bond market today hell, fairly steady until
near the close, Nnen Ndlues Nlelueu IN sympathy
with the heayiness of the stock market. The
sales were $4,000, The weeks trading displayed
irregulaTity, with prices tending toward "a lower
level There were few features of interest, aside
from acute weakness In a few Issues, watch were
depressed by specific causes. Oregon improve
ment lists fell on Az per cent 70 say, mainly on
the opposition to the reorganization plan. The
transactions were t3.s9SO coo. silver certificates
were prominent In the weeks dealings and rose
i. per cent 70 70, with a subsequent reaction to
6alg. The animation was largely attributed TO
speculative purchases. The dealings were 81 $780,
900.
Governments were quiet with an easier ten