Omaha daily bee., 1896-05-16
STOCKS AND BONDS.
Volume of business in Securities Was
Onite Smnll.

NEW YORK, May 15.-The volume of business
In stocks a tTifing scale today, but
slight improvement in regard to the distribution
was noted. Commission house orders were CON
spicuous by their absence. and the feature Of the
speculation was a sagging tendency on liquidation
ny tired foreign and mestic holders OF secur-
tiles As group, tAe Industrial shares were
outeassed by the railroad list in extent of trans
actions, although Sugar by tar eNcee!ed the
was an element of humor to the disinterested
dunsss dr the the se and the fSw
movements that noted. The decline re
foreign houses received liberal selling orders in
the prominent international shares. Louisville &
ers took their cue frVm these sales, and eXerted
efforts against some of the specialtcs The gold
engagements were only about One-haf as large
special German account. Houses that had been
expected to ship coin were said to have
been able to cover their exchange on advantase us
terms
An interesting development was call by the
for so per cent of their holdings of government
money, to be paid on or before June l. This
viii withdraw from the channels of circulation
about $i,JeooOo and it is estimated that further
call OF a similar amount, cleaning up the ac-
be made on before June 10. The call did
not influence the speculation. and was not re
hected in the money market owing to the pie
thora of funds at this center both for foreign
and domstlc account and the continued larger
The report of the Union Pacific system for
March published, and considered
rather favOrI" tStih' "a t-- other hand, tn
quarterly statement Of the Manhattan railway.
showing a defic; OF dividend payments, indi-
dropped 2as per cent to 1O3l2 Bay State Gas
stitfcned fraction the passage OF the Whit
ney gas bill in the Massachusetts, legislature,
but soon broke 2is per cent heavy realizing.
Other gas shares were notably weak, partiCu-
larly Consolidated Gas, which lost 2is per cent.
cent, and finally closed unchanged. Buffalo,
Rochester &a Pittsburg preferred made further
improvement today to g. the reported
QUESTION of valuable coal property. Sugar.
Tobacco and Leather preferred the weakest
of the high priced iniusrials, selling off Ia TO
1% per cent. Tennessee Coal dropped Is per
cent on liquidation. but recovered the fraction.
The closing was weak. at about the lowest.
Bonds were quiet and without notable change
in the leading issues. Some wide fluctuations
occurred in the less active mortgages The sales
were S9o0Do Governments advanced slightly
dealings of $4,000.
The Evening Posts London financial cablegram
ant, but closed under the best. The chief fea-
ture the increasedI activity and the big rise
in West Australian mines, KaffTs dull.
All accounts gathered as to the finances of the
chartered company are far, from favorable, but
1t is difficult to obtain anything authentic 1t is
believed that fresh capital must be raised Con
spls We're strong at 1l2la. and English rails We're
again in favor Americans duh on the
disappontingly small response in Wall street yes
terday to the spurt here. South Americans, par
ticuIarly Argentiues have been booming, but
closed under the best prices. Money is still
tight The Berlin market dull. The Paris
bourse which has been firm. closed weaker.
the leading stocks of the New York exchange