Omaha daily bee., 1896-09-20
Dealings In the Security Market Al
most AbnorntniIy Light.

NEW YORK. Sent. 10 4sroday's stock market
was a perfunctory analr5 dealings being on an
abnormally light scale, and the fluctuations.
generally speaking. FRACTIONAL. Traders, during
the greater part OF the session, worked upon
the bun side In anticipation, OF a decidedly favor
able bank statement lowing to the continued
heavy gold Imports. The exhibit, while not as
casions. failed to come III to eSpd.stattons. al
though the shipments " currency by the banks
to the interior were iuthter than had been
figured. The statement showed a gain in legal
reserve OF only s1,6S6,5e0, and Of &~l.473,5Oo in
specie. Deposits Increased only 1921, SOC. \ rromi-
nent banker estimates that " the $~27.S3G,55O in
gold which has arrived to date. about &t7. ooo.ooo
has been absorbed 10y the Treasury department,
and the banks have probably gained about
AoOo,0oo. In addition, S2,6"3Oo0 was deposited
AZ the suhireasury for examination today. The
balance Is said to I've accounted for In other
deposits at the subtrcasury. and the assay Of
ing advanced Western Union and Manhattan
over a point, ana Lead preferred and Chicago
tlon Of the bank statement rccessions occurred
an around. The market closed firm at slight
ragged tediously at intervals and the course
ot prices We're irregular. the closing recording
slight gains generally. The manipulation Of the
market by a few leading operators ac-
counted TO, ! for ,r, ,,o Large Int, part OF the
pluycd was the practical elimination OF the short
interest in a number Of spccialties. The publica-
ton Of the statement Of our foreign trade for
inflow OF gold to the United States. 1t showed
an excess Of exports Of merchan-
an excess Of imports over exports in the same
month last year Of $4,000. 200. The immense
amounts Of our staple products that are being
forwarded to the scaboard have caused a praC-
teal corner in ocean freiChts. and It Is reported
that all the room available has been engaged
mp to the end of the year. \ feature of the
International movement was the shifting Of the
burden of supplying the demand for gold from
London to Paris. The early depression in the
general list was succeeded by extensive cover
ing Of shorts, resulting In rallies in most shares,
and the movement was given impetus by the
active bun leaders. The announcement of heavy
additional engagements of gold impaired buoy
ancy to the late dealing ana carried many
stocks above the closing figures of the pre-
vious week. The bond market was dun and
without essential feature. with the exception of
fractional in come of the inactive issues.
sympathy with the depression in other securi-
ties, but the losses were subsequently nearly
all covered.
The Financier says this week: The reserves
If the New York banks now stand at the high
est figure reported since August $ last, The in
this period. and. even II the banks do not hold
the cash that has come from abroad in their
vaults, 1t has gone to other sections. ana Is
there performing an important work. The move
ment Of crops has been So much earlier that 1t
has created "A Legitimate demand for money, and
rs the future holds out a certainty of gold i'm
ports. the banks can use portions of the pres
cnt surplus satisfactorily i'm a local way. The
imports have opened q new source Of supply,
permanent for this season at least, and there
is no reason to anticipate a prolonged strin-
gency. Thu banks ere still taking out new
cirUulg ton for temporary use. ana the total
NOW IS 81 22l, 100. II figure lower than ever re-
ported
Tho follow ing were the closing quotations on
the leading stocks of the New York exchange