Omaha daily bee., 1896-10-04
STOCKS AND BONDS.
Dealings in Securities Were on Il
Moderate Scale.


NEW YORK, Oct. 3.-The dealings in stocks
today were a moderate scale and in most in
stances the fluctuations were narrow The dis
trbution of business Indifferent. The market
opened weak and lower renewal of bear
pressure especially against the grangers and
high priced industrials and reazatons
Sugar yielded an extreme IA per cent on reports
of further reductions in the prices Of the refined
product and predictions OF impending cuts. The
trend of the grades of the foreign product still
appears to be toward lower level There ap-
pears to be no support to the stock by the power
ful inside interests. Tobacco notable ex-
ception to the general tendency and marked
up on the shorts. After initial gain of y
per cent on the late options and retained all but
fraction of the Improvement. The market soon
in the last hour. which to extent stim-
ulated by the publication of more favorable
bank statement than had been expected. The
closing was steady at trivial net changes. The
bond market ruled dull and slightly lower for
most Issues The sales were S4l5, COO Govern
ment bonds were weak and lower for the new
4s on on sales OF sSi,Ov9 The other issues were
ular. but closed unchanged on transactions OF
The market of the week displayed irregularity
and saggng tendency on bear aggression
action. The main unfayorable influence was
trmer market for foreign exchange. In spite
OF the reucttOnary tendency OF prices, the tenn
per in financial circles was more cheerful CON
idence being stimulated by advances in prices
stuns and other food products. Despite the
considerable appreciation of wheat ana corn
that has taken place II showed that
demand exists. The imports of gold from
Europe have reached 50 large an aggregate
that a temporary cessation OF the movement
Is regarded with comparative indifference, and
the relaxation OF the recently prevailed finan-
cial stringency remains and inspires the
sumption OF commercial activity. Accordingly,
a slight stiffening in call money rates toward
the close Of the week, induced by the heavy
shipments Of funds to the interior for crop
moving purposes. has failed TO create uneasiness
The successive advances in exchange rates
brought actual figures for long and short
ratss patS r,gs 's ann Nss eSiEeme whle posted
S4SGi. Tie dealings were less professional than
heretofore aud the markets for both bonds and
stocks at times exhibited decided broadening
tendency Some unfavOrable effect was caused
by unfayorable traffic returns, Commission
house buying Of low priced shares something
Of feature. Covering of extensive lines OF
shorts was noted but at the top levels the mar
! ket displayed some nervousness partly as a re-
suit Of professional operations. The tone of the
market at the close was fairly steady, but with
most stocks showing declines. The bond mar
fluctuations in stocks, but toward the close dis
played stubbOrnness OF tone under attacks The
Reading issues were the features. Governments
were moderately active and held fairly steady
on investment inquiry The sales were yl52 900
silver certificates We're quiet and Without special
change on sales of $4,000
The New York Finaneier says this week:
The statement OF the clearing house banks OF
New York for the week ending October is
iirst time since August 10. the deposits OF the
banks exceed the leans. and the latte. Item
shows an expansion Of x ~ ss 20 which which comes
which the total shriniage was about S2G.5O0 600
The banks total cash reserve at the eud OF the
gain In one month OF $40 2li 900 The surplus re-
serve Is 81, $4,000 higher than for the corre-
pnSns " week tb IN 1872 sG Thsh shows 40 that the
Is quite normal With two or three unlmpor-
taRt exceptions, the reserve of all the clear