Omaha daily bee., 1896-12-12
STOCKS AND BONDS.
Security Market Unusually Dull and
LnintcrcsIinas Thrrm&lnmt the Day.

NEW YORK. Dec. 1.-THE stock market has
rarely been Hat and uninterestng for a full
business session as it was today. The stock in
dicator was motionless for many minutes at
time. and the meaEer dealings We're purely pro
fessional and the fluctuations, rule, trivial.
The speculation displays degree of lassitude
that precludod any favorable influence upon
prices from the increased government cotton crop
estimate ana the favorable report regarding the
winter wheat outlook. Aside from the main
restrictive effect of uncertainty regarding -
Immediate development at Washington ON the
Cuban and other questions, reports of the prob
able refusal of Venezuela to endorse the agree
ment proposed by the United States and Great
Britain on the boundary question, were an in
centive toward extremely cautious attitude
by the large security holding Interests. The alb
normal ease in money and the more confident
sentiment of investors as TO tlc eventual favor
able outcome We're however, reflected in a nota-
bic broadening in the railway bond market on
a moderately large volume of business, many
bonds being dealt in that, have long been dor
mant, Operation in stocks for foreign account
was ON Il light scale but were mainly to sell,
condition which helped reactionary tendency
in the local market. ~
The initial prices Were Irregular with the
main tendency toward a lower level Some
slight gains were made. early, but were retained
for only brief period, rs raid on General
Electric, depressing the price IL PER cent induced
sympathetic fractional concessions in the general
list Reading sold OFF about point on the
prospect Of a controversy as the legality of the
steps under tle reorganization OF the company
and the Gas shares We're again attacked in con
nection with the popular agitation for "A reduC-
nothing spirited in the dqsiings, however, and
the dullness became more acute as the day
progressed while prices sagged steadily, though
in a narrow range. In the-l late dealings Chicago,
Cleveland Cincinnati & ST. Louis attracted at
tontion by advance Of 17s per cent. entirely
on covering The closing steady at
trivial losses on most stocks. TIE bond market
displayed a broadening tendency, many bonds
that had heretofore been neglected for long
time coming into notice. Prices We're irregular.
but firm undertone was noted. especially in
Investment bonds. The sales We're 81 ig2, 600.
The most important advances ranged between
and Az per cent, and the declines from l to
per cent.
The Evening Posts London financial cablegram
says: The settlement having been satisfactorily
concluded, the tone of the stock market today
was good. The Improvement led by the
recovery in mines, which due to covering
by bears. Home rails also rose sharply on hopes
that the expected strike may be averted. Amer
leans were steady, except Louisville ana st.
Paul. wnch were dull on the New York lead.
South Americans were strong. Brazil exchange
improved ll-l6d. Indiana council drafts sold up
Is 5-3zd Money was in strong demand and
the Bank of England lent considerable amount
10 the market for a week at I per cent The
Paris and Berlin markets firm.
The following were the closing quotations on
the leading stocks of the New York exchange
today: