Omaha daily bee., 1896-02-29
STOCKS AND bonds.
volume os business About Doubled
Thursdny's Record.

NEW YORK, Feb. 2s-The volume Of business
in stocks today about doubled Thuryday's record
the total footing up 10000 shares, against
2i2 900 yesterday. Decided weakness character
ICED the trading during the greater part of the
day, and at times the market took an n ragged
appearance Wholesale liquidation was noted,
and there was also vigorous pounding by the
old-tme bear leader and his following. The sell
ing movement received its chief original impetus
from Washington. and leading houses having wire
connection with that city threw over large lines
ON leading Broadway commission houses putting
out 4oOoo to 1000 shares OF stocks flr both &C.
counts including sugar. st; Paul, Chicago Gas
sared for nearly Of the large Sg
gregate Of transactions. and scored decline on
' per- "y cent and the closing showed loss as
compared with yesterdays final figures, of 2h per
seeaunt Of the inside pool which has for s
weeks past been active in advancing the stock.
a @ oy was n ma m as aee r as as
59h. 1t left or at a net decline OF about a
point The depression in the stock was due to
favorable criticism of the annual report and af.
Ur sne ha S Us a na
half OF the 100000 floating debt In the
port is erroneous, and tn that It's resources have
in hides 1t is recalled that the misfortunes of
the National Cordage company were primarily
point OF activity, and about only 1000 shares
behind Leather preferred in this respect. An
unusually large business was recorded in Louis
The only attempted explanation for the slump
that large interests were apprchensvc OF
possible disturbances of the market in the event
of the expected heavy vote in the senate in
Independence Of Cuba Nevertheless shrewd OBJ
servers have for several days past pas, regarded the
have passed into weak hands. The market opened
strong and higher in sympathy wth advancing
London quotations. and by liberal foreign pur-
chasing of st. Paul and Louisville s. Nashville.
The gains at the outset extended ~ per cent in
more & Ohio rose 2sl per cent on belief that
crisis in the affairs of the company had been
tod In tha tn,a bg,x ,,rica
saggcd to slightly below last nights level. The
upward movement soon eliminated and depres-
last fifteen minutes of business.
The Northern Pac:fit shares, common and pre-
in marked contrast to the other markets, and
rose y and !, per cent respectively on the us,-
had been officially formed and even underwrtten
The selling movement was in full force in the
from the losses already noted, the extreme con-
cessions from the top level We're: Burlington and
Tennessee Coal. SHs per cent; Louisville & Nash
idated Gas and Baltimore & Ohio, per cent
Rock Island and Pacific Mail. 25s per cent; St
Manhattan. Kansas &. Texas preferred and Lack
awanna, ~ per cent, and Northwest, I% per
2ij. in which recoveries were made of 19s per
cent in Leather preferred: ourlington, ~ per
cent, and Pacific Mail, Louisville & Nashville and
Reading. per cent. The market closed strong in
ss Tns ast Ssf % FOR % s ln n @
proving tendency in the early session. under the
Ieadershp Of the Northern PaGiae which @ was was
averaged about 1 per cent in the issue referred
to- Baltimore & Ohio Is were marked Hs up to o.
quotation of yesterday Late in the day the mar
ket was somewhat affected by the depression in
stocks. The dealings were 81 1856 0DO Government
bonds also displayed saggng tendency and
sales of $4,000 at slight concessions were made;
The Evening Posts London financial cable
gram says: The stock markets were irregular
today. but with firm tendency Investment
st ocks very strong. and also Arsentnes
but Brazils fiat a further fall in
change. The yellow fever seems to be seriously
checking business. Americans have been good,
Baltimore & Ohio was depressed by the pub
listed statements. but closed above the lowest,
private adviCes that issue of preference
shares has been practically arranged Finally
Americans closed fat in the street Kaflirs were
good and further rise is reported. apparently
rumors that President Kruger Is coming here.
The Berlin market quiet Paris opened
changed, but closed steady 10 firm.
The following were the closing quotations on
the leading stocks Of the New York exchange
today: