Omaha daily bee., 1896-08-01
STOCKS AND BONDS.
Sugar Securities Were the Feature,
of Attraction to nde

NEw YORK. July 5l.-Sugar stock was the
pivot Of today's speculation and figured for
%. 500 shares out Of the aggregate dealings OF
about 600. 900 shares. the greater proportion Of
the business In the afternoon operations. Aside
from ST. Paul, which was a poor second to
Sugar Ia point OF activity, the average movement
OF the general list was Insignificant. The course
Of prices was irregular until the last hour, when
decided strength was manifested under the lead
the failure Of London prices TO respond TO the
rally that had been in progress at the close here
Yesterday. and initial nsures were shaded frac-
tionally- inside manipulation OF Sugar became
quickly evident when at the low point a recovery
occurred of Ia per cent to l0ias. The general mar
ket was as completely under the control Of the
professional dealers as heretofore, but rallied
sympathetically to a fractional extent with the
Erangers. Leather preferred, Western Union and
Chicago Gas the most prominent. The last
mentioned stock failed, however, to retain the
Improvement, and rapidly reacted ~ per cent.
There was practically no news bearing upon the
market, but there was unguotable stlrening in
actual rates for long bills OF exchange.
Up to ! o'clock the trading was duh and un-
interesting. except that the traders construed the
actual statement of earnings for June unfavor-
ably and depressed the stock nearly a point on
the exhibit, The offerings were we'll taken.
About the hour mentioned Sugar was again
taken in hand on very large orders and a
a gain of %, per cent from The lowest point. mi.
treme recoverics took place in the latter dealings,
ranrinE from per cent 10 3 per cent he
exception TO the early downward trend, New
Jersey Central rising "a per cent in the face Of
an unfavorahle report for the six months. Iowa
Central preferred, Leather preferred and the
EranGers and Southwesterns were conspicuous
in the rallies. The depression in the industrials
was reflected in a break Of 4 per cent in Illinois
Steel. Manhattan and Chicago Gas made further
recoveries from the early decline. Near the
close prices shaded off slightly on realizations
and a rise in call money 10 3 per cent. The list
generally left off strong with slight gains. The
railway and miscellaneous bond market pre-
sented but few features OF interest. although
decided strength was noted in some of the bonds
OF receivership properties. The fluctuations in
the prominent speculative mortgages. although
somewhat e%rratic, were mainly toward a higher
plane and Offset, in part, the sagging tendency
in The higher priced active issues.
The sales were $3.50. 600, Among the important
changes We're: Advances-Atchison. Colorado
and Pacific lists, 5 per cent Kansas Pacific con
sOls. } per cent. The more important declines
in st. Paul. Hudson q Delaware Is, S per cent
Northern Pacific. Montana. FIRST trust receipts,
5 per cent; Illinois Central. western lines lists.
J per cent; Wisconsin Central lists, trust re-
ceipts. . per cent
Governments advanced sharply on investment
purchases Of $4,000 shares, Silver certificates
reacted early to eSSc, but CALLED 10 esisc near
the close on dealings OF 1900 shares.
The Evening Posts Los1den financial cablegram
says: There was a fiTrzher recOyery in the
stock markets today, inclxIlng Americans. peo-
scare has been about. and nobody seems TO have
a satisfactory answer. In regard to Americans
th-r' has been cause for apprehension. but the
position in regard 10 other markets has been
greatly exaggerated. Paris is much more chi"r-
ia. ana it Is understood that the account which
has been troubling operators is now arranged.
Berlin also displayed more steadiness.
This following Were the closing quotations on
the leading stocks Of the New York exchange
today.