Omaha daily bee., 1896-10-11
Securities Dealt In Largely, with
Snpnr In the IenI

NEW YORK, oct. lO-The stock market today
surpassed the recent Saturday average record
in some shares, and notably in Sugar the trading
was heavy. Sugar led with over 81 600 shares
nearly one-thlrd of the aggregate transac.
tons. The stock again the speculative
pivot. the general list following its main move
ment. The market displayed considerable fever
nected chiefly professional operati"nsp pas siTo
from sugar activity ceptered In thn iHsiue iH
properties. In the early dealings there was a
favorable bank statement. and the statement of
an advance OF per cent to per cent in the
many were made the text for raid upon prices
by the bears. RealiZations helped to accelerate
the declining movement. The actual exhibit in
vorable than the forecast, and its publication
was the turning point in the speculation In
irregularity II advanced rs per cent, reacted
low level Manhattan and Reading dropped
about per cent each and the first mentioned
in the final hour extended to about / per cent
in Reading and Burlington The closing was
steady at fractional losses in most Instances
The railway bond market exhibited considerable
weakness. with the Reading and Atchson issues
the chief sufferers. The sales were Si55 COO
Governments were active and ruled slightly
lower on sales OF $4,000 Stocks moved irTegu-
larly during the week on a rather moderate ag-
gregate OF transactions. The market followed
pretty closely the drift Of the London quotations
important factor in shaping prices. The
nons nEosHa,ohs , me sPecaties attracted
almost transparent manipulation in them by
inside interests and leading professional oper-
ators. Uncertainties regarding the monetary
ana general business outlook, together with a
renewed contraction Of the market for dis
counts, neutralized the effect OF lower exchange
rates and a revival OF imports OF gold to this
country from Europe, and restricted outside
interests. The new orders for gold during the
week swelled the aggregate Of enF7 Bements in
Guiding arrivals since the inflow began TO
In call money gave place to decided frfnness
the extreme hgure touched being II per cent.
The rate mentioned ruled momentarily and was
only to an extent due TO the calling in OF loans
for purposes that had been only partially ex-
planned up To the close Of the week. The aver
age rate was about the legal figure Time
money also worked closer. with an appreca BILE
change In rates and the demand for even the
choicest mercantile paper tiattened out consid-
Crably, and rates were advanced slightly Ex-
change broke to tIs3a. for actual demand; stcr-
ling ana long bills touched SSH; cUmmercia ial
bills appeared In large volume but owing To
was only nominal The specialties were the
features OF the speculation, with interest cen
tcrng chiefly In Sugar and Tobacco. The gem
elal market shows net concessions from / To
per cent. with the grangers most prominent.
The bond market during the week was duh.
The leading stocks show net declines OF to
per cent,
Governments sagFed slightly. in sympathy
with the other securities. The sales were SEQ :
800. silver certificates were dull but heavy,
throughout, on sales OF SIS, coo,
The Financer this week saya! The statement
q the clearing house banks OF New York City
FOR the week ending october 10 reflects the OPP
-rutons Of an active week. Despite the fact