The herald., 1896-03-15
Money, Stock, Bond and Pro-
duce Quotations
WALL STREET SPECULATION
Moderate Business Transacted Chiefly
by the Professionals
The Weeks Trading Indicates Great Timidit y
on the Part OF Outsiders - Govern
ment Bonds Very Ou..

NEW YORK, March 14.-The volume OF
business in stocks today was only moder-
ate and the leadings below the usual inn
print of manipulation. With a single ex-
ception, vagaries in the ndustrials were
tie features. the usual eccentricity OF move
ment being noted in that group. London
was seller for the Northern Pacifics. but
otherwise was not factor in the market.
The stocks mentioned were notably weak
on severe assessments under the plan of
re-orp aniz alton which it is understood will
he published on Monday next. 1t is evil
dent that the common and preferred
stocks will have to contribute heavily to
provide for the large amounts Of cash that
are required to rehabiitate that great prop.
erty. Upon dealings larger than the re-
cent average the common stock yielded
1ss and the preferred 234 per cent. The
trading in the balance OF the list aside
from the leading industrial shares was
featureless Sugar sold up to IL, osten-
eibly on account Of advances in the prices
of foreign and domestic product. Most of
the advance was retained. The railways
shaded off slightly at the outset, but stiff
eneCl later on purchases to cover shorts
The final operations were irregular, and
the net changes show sm n! fractional net
gains.
The speculation OF the week clearly ind-
Gated the continued indisposition OF out
siders to make ventures in Wall street
despite "A number of developments that
would ordinarily have created interest in
the market Responsibility for this condi-
ton of affairs is variously placed upon the
prolonged political excitement both in this
country and in Europe, the eXtravagances
of congress and the unsatisfactory condl-
,,>r. IL nl,ayNt
port that increased transactions are made
as rule only at the expense of values and
in many cases are neither able nor willing
To contribute toward the financial necessi-
ties of the brokerage contingent. The
more important events have included the
declaration of the regular quarterly divi-
dends on Sugar. Manhattan and Western
Union, the balf-yearly disbursements on
Northwest preferred and St. Paul preferred
and notably the advance made in ST, Paul
eomm9n Hn, bnss to ho nre1 per nrofassona cent a-
character of the operations for
the week was evidenced by the wild specu-
latiop that was at times ndulged in in the in
dustrial shares. Tobacco was pre-eminent
in this class in point of activity and erratic
fluctuations. The changes in the general
market aside from those enumerated were
slight and in mos instances record de-
clines. The sales wero 2.1l ,977 shares.
The trading in bonds today was exception.
ally dull and uninteresting. The dealings
amounted to $524 900. Business for the
week shows irregularity, but a fairly firm
ta;:c ruled. Total sales were 6,224 900.
Governments were irregular, with an easier
tendency cn sales of $40 400. IN state
mortgages marked improvement occurred
in Tennessee settlement thirds. This issue
figured for the bulk of the business, which
aggregated Sl2O,000. In silver certificates
dealings of $4,000 were noted, without
important changes in price.