Omaha daily bee., 1897-05-30
STO AND BONDS.
Market Has shown Considerable
rengt During the Week..

VIEW YORK. May 29.-Those traders who
availed themselves OF an opportunity late yes
terday to cover short contracts for fear OF a
crush of those bent on a similar effort today
were wise in their generation. Sales to take
profits were at a minimum today, and exercised
no marked effect on prices. which held steady
at the highest until the close OF trading. The
shorts, on the contrary, showed a feeling of
unrest over the indications of strength in the
market. and manifested their unwillingness un,
der the circumstances to carry over short con
tracts until next Tuesday. at which time trad
ing is to be resumed on the Stock exchange.
Several special factors served to encourage the
buying OF stocks besides the increased confidence
felt in the general outlook for business. Some
OF those who bought stocks gave as their mo-
tive the tone OF the speech delivered by the sec
rotary OF the treasury Yesterday. especially his
expression OF confidence that the tarif bill would
be disposed or at an early day. and his broad
inslmatlon mat some measure OF currency re-
form would then be put forward by the admin
istration. Some renewal OF the buying for Lon
don account, which was a feature OF the earlier
market, The dealings We're remarkably well dis
1ra6Hted, the number OF stocks whose shares
pme; wee m IIira noteworthy gains at the high
eaeeS. IA per cent; Lead, rs per cent; Canada
SoathsIn' ~ per cent and Burlington. North
p]referred P 2 po i each huil 1H,sp. and Reading Grst
a. New Jersey Sentrai. but its net loss was only
81. Louis continued heavy. Lake shore ADJ
yanced per cent to ls7 bid without eilcitinr
The market for stocks and bonds has hssn
notably nrm and strong all week. though the
ans ~ q eoOd ueSl depressed ar fiFpaa
The dizziness came at times Of heaviness in me
market indicating the disposition OF holder 10
wait for better prices. The rise in the matnritv
OF stocks was only interrupted by the inauenre
or special depression causes from time 10 tIns
such as the unexpected gold shipments early IN
the week. the break in the Rubber shares on
account or the retirement OF President ENans
and the feeling Of distrust disseminated nv Ihe
announcement OF the Baltimore e. Ohio defauIts
ON the interests due June 1 on some ~ t,s
company's bonds. These influences proved in
adequate 10 overcome the encouraging factors
az work. and the result has been a bull merkst
for The week. The event 10 which Wall street
attributes the greater part Of the Improved
condition of trade Is the taking up the tarln
bin In the senate. the demonstrated Intention of
all parties TO interpose no factious opnosition
20 Its passage and the result foreshadoWed Inv
the votes on committee amendments that M
Time Is 10 be lost In settling the whole matter.
More or less attentlon Is attracted by various
stAtSstlcal estimates Of The present activity In
seneral business. accompanied by the argument
that the volume OF business Is at present equal
In the cOUntry's business. but at such extremely
low prices as 10 not be evident In estimates OF
transactions by valuation. The broadening OF
business activity Is felt. nevertheless. TO indi-
cate an Improving tendency In business condl-
lions. The exceptions to the stocks which show
a Get gain on the weeks trading are very few
aud those which have gained a point or over
make e long list. Those whlcA have gained two
poiIts OF over are; sugar. Lscleae Gas, Lead,
both common and prefsTred; burlington. North