Omaha daily bee., 1897-12-05
STOCKS AND BONDS.
Movement of Prices Trivial. Except in
fnI Gas

NEW YORK, Dec 4.-Todays stock market
left almost entirely to the room traders and
they seemed disposed to depress prices during
the early part Of the session by short sales.
Their efforts met with little response and they
covered before the close, bringing prices in most
cases slightly above yesterdays close. The
movement Of prices was however, trivial
throughout the day, except in few special
had bought yesterday under the mistaken i'm
presson that the underground rapid transit plan
ferings at the opening, sold the stock down a
meantime All sorts Of rumors were afoat re-
saTding the, stock, and dealings in it Were
sugar was traded in for the most part at a
stks icing STpafenfr ,sI erps ON me pv supply OF
Chicago Great Western showed a degree Of
increase Of earnings for the fourth Week in No
yember Susquehanna & WeSteT continued to
c5al group sympathzed bat New jersey ii' Central
and the Reading stocks. on the otaeT hand We're
sarded was favorable, statements Of the fourth
week earnings that published showing
The Increase in cash was not sufficient to
cover cover hGrsased ed regulremens Of the legal re-
ana t tme consequence is stili further declines in
he surplus reserve. There has Deem nothing in
me general requirements Of the money market
during the week to account for the expansion OF
S,i1659o in the loans. and It is probably due TO
s5 n3rIo"ins loving on exonange; II is estimated that
SlOoC2eoo of foreign exchange has been allowed
materially lowered shows that it is Withheld
tinuance of investment buying of long exShanee
IN anticipation OF the usual return movement OF
Although the Imports Of general merchandise
at, this port for the week show a sharp falling
growth of the Improvement during November
Mhich the buyers of long exchange expect will
on on which were imported in anticipation Of the
sa sraf iaw; Iniess the import movement OF gen
next next rev months long exchange must prove
chandise the last few months
London advices during the week have reportas
very heavy American demand in that market
Tor nigh grade ratlroaE bonds. The same de-
mand had existed in the New York market with
very limited supply, which was largely fur-
nlshed for foreign account as well as in London
THIS Wsuid Indicate q further heavy transfer tC.
THIS side Of the water Of the highest-priced rail-
roHd securities in sufficient volume to have quit.
IN appreciable effect upon the exchange bal,
The activity of the bond market has haan
feature Of the Stock exchange here all week
ana and IN me total dealings in bonds on THURSDAY
mode The week opened with evidences of an
tn sharp advances OF Friday and Saturday pre-
Nious but the buyers Of that period took occa-
backward again Tuesday and "wednesday the
bulls loaded up again and prices slowly har.
and rising prices, but while the animation con
tinued the rise soon came to a stop an !. soon
second reslizing movement by the powerful op-
orators, whose resources enabled them 10 manip-
ul2te the prices, threw the market into semi
stagnation, from which ii showed sign Of
recovery either Friday today. The reactions
have net, however. wiped out all gains and the
week shows net gains Of between ! and . per
cent on some, notably Sugar, Il. per cent, Penn.
sylNania, Chicago Great Western, Missouri Pa.
cihc and Union Pacific The rise OF Tuesday
and Wednesday due primarily to the az.
eressivs ami confident buying OF influential com
bined interests. But the factors which induced
a large following were the favorable railroad
statements, notably the October statements Of
the Pennsylvanta. ard Burlington, and the state
ments in general OF gross earnings for the fourth
week Of November and the announcement of the
Rock Island refundinE scheme and the sale OF
$50 900 900 Of the refunding bonds. The free offer
ings OF stocks the advance show the disposi-
tion to await the shaping Of policies by con-
gress before buying securities to hold.
The bonf market has shown less hesitancy
than stocks, and prices hsve steadily advanced
though periods Of lessenec activity have accom-.
panied the declines in prices Of stocks.
The supply OF high grade bonds has been un-
equal to the demand, and the demand has been
overhowedI TO the low-price9 bonds. which show
notable gains in price Total sales SIS 5Vl
a per cent higher bid. the 2s 4 per cent higher
bid and the old Is, registered. and the SIS reg
istered are !. per cent higher bid, the former
eN-interest
gram says: The stock markets here again
stagnant today. Americans were steady but
lifeless pending Presi TENT McKinley's message.
The was hopeful The continued fall in
duo 10 purchases OF silver. and 10 anticipations
Of the resumption OF weekly council drawings.
Uruguay bonds were better syndicate having
been formed TO take over Mulman's holdings.
The following were the closing quotations on
the leading stocks of the New York exchange