Omaha daily bee., 1897-05-16
STOCKS AND BONDS.
Chicago Gas, Sugar and anS DC
CmpN Attention of uruIers

NEW r May I5.-Chicago Gas and Sugar
absorbed over one-third of the total sales at the
short session of the Stock exchange today. the
dealings being about equally divided between
them. There was so little to encourage selling
In the course of the trade for Chicago Gas that
the motive for 1t must be attributed to doubts
or the value of the stock being equal to the
liquidation in that stock, based on apprehersions
that the consolidation measure will fail of en-
| actment in the Illinois Legislature and viii ~
the arrangement for division Of territory with "A
rival company, which was made contingent on its
passage. Stop orders were reached on the way
down, bringing large blocks OF the stock on the
sagging market. Sugar also showed weakness
on the probable effect of pending proceedings
Of the senate. but recovered the loss. The
grangers also were subjected to special attack by
the bears on account OF the weakness of the
wheat market. There was but little encourage
ment TO buy in the course Of the London mar
and prices were weak There was manifested APP
prehension also as to what phase the Cuban ques-
ton may have taken on by the time trading is
resumed Monday, The impression prevailed in
tle street that the intentions OF the ndminIstra-
ton toward Cuba are in a formative state, with
a possibility or taking on an aggressive tone.
The anthraSite coalers displayed some frmness,
due to covering of shorts. The Gould shares
also manifested n continuance of the strength
they displayed yesterday, but 1t did not last,
and their prices declined in the late dealings.
Involving them in net losses, There was a gem
erai covering movement at the close OF the
session, which rallied prices slightly. nearly all
through the list from u per cent 10 y per cent
from the Newest, the latter in Chicago Gas. Some
OF the extreme declines were: Chicago Gas,
rs per cent; Burlington & Quincy, 49, per cent:
Northwestern, ! per cent: ST. Paul, y per cent:
Rock Island, ! per cent; Omaha, q per cent, and
New York. Chicago n st. Louis second preferred,
~ per cent, the latter without rallying.
Prices generally of securities are quite sub
stantially lower than they We're n week ago. but
there have not been lacking encouraging features
in the weeks trading. The subsistence OF the
fears engendered by the war between Turkey and
tGreece led TO quit a notable revival OF activity
in the 4, re gn markets for S curltiCs, and although
Americans were given less attention than other
raat fhatv nriTaa I'm 4 nulan Ia -a.--
especially on Monday and Tuesday, and there
were a good many thousand shares bought in the
New York market for foreign account. The sub
stdence OF the buying from this quarter was APP
psrently due to New York's persistent failure
to reflect the confidence manifested by foreigners
in American securities. After Wednesday London
ceased buying. New York remained persist
entity duh and, in consequence. open to bear at
tacks. Commission brokers are inclined to lay
stress on the dealings in bucketshops TO account
the market. and the Stock exchange is using e-er-
getic efforts to stamp out bucketshOps by legal
action. The lack OF interest was. Of course. a
prime check 70 the advance I'm price. That the bal
ance OF international merchandise credits was
materially affected by the recent / Iyy import
movement Is shown by the April trade statement,
which reports an excess of imports OF merchan-
disc over exports OF over 25. l2s. lg4. But this
still left for the ten months of the fiscal year an
excess OF merchandise exported over imports OF
period OF SCI. O0j. 75l. The enormous import move
ment seemed to be In full force still last week,
but this weeks imports Of dry goods and mer-
chandise at New York showed , total OF Sl2, 05S.-
S25 less than last weeks total. The custom room
receipts from day 10 day Indicate that Imports are
still further declining nearer TO the normal level.
London's purchase OF securities here during the