Omaha daily bee., 1896-12-19
STOCKS AND BONDS.
Wall street Feels the DcmornIizing
ICmtlnnc of tho Cmhnn Ai.iInIinn.

NEW YORK. Dec. lS.-Wall street has re-
Gently attached only a pcrfunctory interest to
the Cuban probabilities having persuaded itself
that beyond few fierce and impassoned rhe-
torical declarations by certain senator's and con-
gressmen disturbing developments were
likely to occur. Tlc average trader and secur-
ty holder not quite certain, in fact, whether
even these resolutions would escape burial in
committee, ana the leading bull interests
seemed disposed to assert themselves after their
protracted inactivity and compel the prompt
covering of too bold and somewhat unwieldy
short interest Instead, however. the financial
COMMUNICATING, and especially interests on
the long side, treated to unpleasant
and almost entirely unexpected reminder of the
Venezuelan episode of yeRr ago. London prices
for American securities were reported lower and
stress was again laid upon the monetary strin-
Sency in London and at other financial Ccnters,
while the continued irmness Of tae exchange
market caused "A renewed discussion of the pros
pect of early exports Of gold. The market Opencd
weak and developed increased heaviness
on the reported confidence EXPRESSED by certain
senators and congressman regarding the strength
of the pro-Cuban sentiment In the respective
bodies.
Shortly before | oclbck disconnected and in
complete dispatches from Washington reporting
the decision of the senate committee on foreign
relations to report favorAbly to that body the
Cameron resolution recognizing the Independence
OF Cuba by the United States caused demoralizn-
tion in the Stock exchange market holders of
securities in their uncertainty to the legal
scope or meaning OF this action throwing them
over right and left. Az usual in similar circum-
stances. stop loss orders were uncovered right
and left and the flood of long stocks enabled
the professional depreciator Of other people 5
property to mark down prices rapidly. The liqui-
dation embraced all classes of securities and the
declines in the active list extended to 3fr6 per
cent, witl the grangers and internationally
listed stocks the greatest sufferers In the in
active specialties the losses were
severe. The extreme declines included Burling-
ton. ca. per cent; Consolidated Gas. 6R per cent:
81: Paul hh per cent; Sugar, 43s per cent; Rock
Island AZ per cent; Kansas & Texas preferred
and Southern Railway preferred Az per cent;
Louisville Nashville. iSs per cent; Manhattan
and Reading, Al per cent; American Cotton oil,
Chicago Gas and Western Union per cent:
General Electric, 39s per cent; Northwestern,
3 per cent; Tennessee Coal 25s per cent, and
Leather preferred 2k per cent. The usually
neglected shares, Hooking Valley preferred.
were dealt in at iS. as against 5S the last pre-
ceding sale. Around delivery hour. covering and
TO lessened extent. supporting orders caused
rallies Of point or thereabouts in most of the
active shares. Prices again slumped in short
order, however, and the lowest figures of the
day Were in the last half hour. and in that
space the greatest activity was noted
Aside from the generally depressing influence
of the Washington news Sugar unfavorably
affected by the reports of probably bitter con
test with the Arbuckle interests, involving the
engagement Of the management Of the company
in the coffee business The iron and steel stocks
also suffered from the demoralization in those
Industries. The market closed feverish at
fractional recovery from the lowest prices The
railway and miscellaneous bond market was
weak in sympathy with the slump in stOcks
lquidations Were most severe In the specialtles
issues. The sales were $l,170,oOO. The principal
declines were in Reading seconds preferred. 80.
per cent; Reading hrsts per cent: Reading
general 4s, Ia per cent; Kansas & Texas
onds and Southern railway, SA per cent: To-
ledo st. Louis & Kansas city first trust re-
cepts, Standard Rope Gs and Southern firsts
per cent; Trust receipts and Chesapeake & Ohio
il2s ll4 per cent: Northern Pacific general Is,
l5s per cent; Texas Pacific, l9s per cent; Union
Elevated nrsts. Ia per cent and Chicago a.
Northern Pacdc drsts, rs per cent Ohio &
Mississippi seconds exceptionally rose per cent
to lis.
Governments weak and fractiOnally
lower sales of $685. 900
The Evening Posts London financial cable
gram says The stock markets remained idle
and irregular today, except for mines, which
were good Americans at the opening responded
We'll to the rise in New York but were again
weak at the close New York selling. The
money market weak. The Bank of England
lent largely. The Indian government is ex-
pected to issue E1,500 600 in treasury bills at
New Years The Paris bourse firm The
Berlin market also firm in spite of dear
money Contagoes for the approaching settle
nent there quoted high s per cent
The following were the closing quotations on
The leading stocks Of the New York exchange
today: