Omaha daily bee., 1896-10-25
THE OMAHA DAILY BEE. SUNDAY. OCTOBER e5, 1896.

financial ' institutions E SsJthe spseu S IN
check tar practicable by imposing eNccp-
tionai terms time loans end accommodet Ions
Tor short time periods topuhst Is per cent. Com
being but a limited inquiry idf even prime paper
The ecalings In stocks were active. and were, as
Gently The giangers took the Initiative in the
upward movement. and fer obvious reasons rose
90 per cent. with burlington leading. The
industrials were also prrmtnen;, and especially
Chicago Gas. which rose ~ per cent to % on a
favorable action on the ditidend question sugar
was adroltly manipulated by the inside, and
general market advanced 3 Per cent PROFIT TAX
ing was evident on large scale at the top levels
but the market soon rallied under Increased COW
ering ot shorts and copmssion house buying
Strength in Reading was.a feature. The market
yielded in sympathy with the reaction in wheat
but recovered In the late trading. an unexpected
heavy withdrawal Of gold eNerting only q tempo
the best figures OF the week, with comparative
figures showing general material gains, The
miscellaneous bond market exhibited pronounced
strength Throughout the week on a fairly large
occurred In the usually neglected issues, and
especially in Kansas y Texas IS, which rose
o.. per cent. The aggregate sales were 81. g2j.-
coo. Government bonds ruled strong and higher
The trading was chiefly in 'he nov a.. which n7-
the coupon. The sal w II 10 o. S v re rtih-
Gates were IRREGULAR and Closed unchanged on
The New York Financier says this week: The
increase In the reserve OF the Associated banks
OF New YORK City Tor the week. Cndin". october
"a. was favorable feature OF the current hank
statement revealing rs Il did an element Of
strength In the local Institutions, which was In
terpreted n reassurlng sign. The gain in
the net cash holdings Of the banks largely In
specie. came pleasant surprise as II had
been thought the greater part Of the gold re-
ceved from Europe during the past seven days
would not be reflected In the statement, owing to
the fact that It had been for option account
The increase in specie, therefore, was justly re-
garied as an evidence that boarding had not
PLAYED an important part in the weeks trans
actions and that some Of the gold Is flowing
into the banks. The decrease in loans does not.
as might appear first sight. indicate any
sharp commercial contraction. II seems TO show
rather that the temporary advances TO gold
importers are being liquldatei and that there
rowers for funds The banks lost to the in
terror and through the treasury during the
week something like s., 0o0, eco. about much
as was received from Europe. The 1880, 900
tanlng gold from the treasury does not appear
in the bank statement. An item OF some inter
est Il the decrease in the circulation OF the ma
tional banks. Since July last the circulation OF
crease is no less than 5000. oo0. The increase
was n natural outgrowth Of the peculiar condi-
lions PREVAILING and II Is to he inferred mat
the situation Is more normal The notes VIII ne
re tired as they come back to their center.
The Evening Posts London financial cable
gram says: The stock markets were dun today, an
was to be expected before the settlement ich
will begin in mines on Monday. Americans
York Dealers are naturally hdEety as the
election draws near. The Rank Of England
has unmistakably begun to borrow from the
market with the result that the short Loans
borrowers win he driven TO the bank and money
will be Temporarily dearer
The following were the closing quotations -
the leading stocks Of the New York exchange