The herald., 1896-02-16
Money, Stock, Bond and PrO-
duce Quotations
WALL STREET SPECULATION
The Fin al Trading Characterized by Ex-
treme f!eayiness
The Weeks Bu5iness Has Been Unsatisfactory
TO All But the NEUTRALITY-SUSPICIOUS. Re,
garding Treasury Gold

New YORK. Feb. 15.-Oecided heaviness
characterized the final trading of the week
on the stock exchange. This condition re-
suited partly from the efforts of the pro-
tessional dealers, and to a less extent from
liquidation for both domestic and foreign
account. The concessions in the general
market were mainly fractional. Sugar i'm
proved about point on further andvanes
i'll foreign beet and domestic refined SUI
gars, but eventually lest the gain in sympa-
thy with the weakness in other shares. The
closing was moderately active and heavy
in tone. The weeks speculation has been
unsatisfactory to all but the brokers, who
devoted their exclusive attention to quick
turns in the marke.. There has been
general complaint among commission
houses over the dullness of business.
The progress making towards Ieplenishing
the gold reserve OF the treasury, incl
dental to the latest government issue and
the reports and gossip IN relation thereto
have been tue .>votal influence in Wall
street. In the iast few days it has become
clear to experienced finaneiers that the
net gold receipts to the treasury from the
new 100 700 issue will fail consider
iaoly short of early anticipation, excited by
She exceptionally large over-suDscrpiions.
This, OF course, Is due to the fact that a
fairly lNrae proportion of the successful
bidders will, in all probability. draw their
tgoi4 out OF the treasury, aud thus defeat
Ma very object OF the loan. In
ycetors have adopted cautious
policy until the course OF the money
expected, aud mercantile paper markets
ran ho more clearly forecast than at pres
eft. The failure OF the free silver substi
,trt..
OF our securities and the selling tor the
sa;ue interest. attributed to increased fric
tiou over the IrAnsvaal situation, together
with the predictions of prominent European
financiers OF an early sharp revival Of gold
exports, exert Il depressing influence upon
the local speculative leaders. Trade re
ports are less encouraging, although re
turns of railroad traffic are mainly favora
bic. The general market movement has
been fairly active, i'll spite OF the holiday
interruption, and the course of prices er-
ratio. The industrials attracted the great
est speculative attention. with Sugar and
Totac. foremost and ilnctuating widely.
Eydrn.e ot active manipulation hv Insiders
WAS manifest in each case. The share
named was marked up per cent TO 1865,
i'll anticipation CT early declaration of
the regular dividend. A reaction to 1l1X
followed, on the Introduction of bill in
the senate providing for removal of the
diiferential on the staple. Subsequently,
OH successive advances in foreign and do
mestic grades of the staples, the price rail-
lied to l137s. The aggregate sales were
1,2o3,5 800 shares for the week. The rail-
way bond market tolay WAS fairly active,
with a downward tendency. The dealings
amounted to $603,000. The speculation
OF he week was moderate i'll volume, and
a firm tone prevailed. although some irreg-
ularity in values WAS noted. The market
for governments was strong. with the ex-
ception of half per cent drop in the old
fours. Marked strength aud exceptional
activity characterized The dealings in the
new fours coupon. 4 single transaction of
S507 900 took place and the aggregate
sales reached 81 ,O29, 600