Omaha daily bee., 1897-02-27
STOCKS AND BONDS.
General Activity Returns and Market
AdNnmcNs All AIOnE the LINZ.

NEW YORK, Feb. 26.-ln the last hour and a
half of trading today, the Stock exchange threw
off the lethargy that has been its characteristic
for many days past, and awakened to a lively
activity, in which the volume OF trade was large
and the prices advanced sharply throughout the
list. The pardon by Spain of Julio Sanguilly,
the American citizen confined in Cuba, and the
consequent practical abandonment by the United
states senate of Its peremptory resolution, de-
was the main stimulant. The announcement
to the Associated press that King George Of
Greece had ntimate his Intention to conform to
the demands of the powers with regard to Crete
was also a contrlbutory cause. The relief af-
forded to the market by the removal of these i'm
pending shadows on values seemed to let loose
a great deal of bullish sentiment, which has
been latent In the minds of traders for some
time past. The shorts were driven to cover and
prices went UP with a rush on quite large trans
actions along the whole line: The market
opened with a tendency to higher prices, re
flected from the London market, and on the
published news of Sanguilly's pardon. Prices
continued firm all day. but there was very Ian
guild interest in the market, transactions being
restricted apparently to await the course Of the
ing was noted from fWashington. and the an
nouncement of the news soon aftsrward that
the Sanguilly resolution would not be pushed,
brought on an active hSying movement. The
trading was marked bya strong and confident
tone. due to the encohrasenent felt over the i'm
provenent in railway EARNINGS for the third
week in February and over the generally
favorable outlook for business. The I'M
week seems TO extendeto all parts of the country
and to every group af properties. Although to-
lag . ilhtp tlii-il wa Bflltlhl liIbusuDul me
5 5'af "a" Of ' ns5enfion 'aRRdd ,eeT pioy3td iG tSs iSrs ss % %S-
vances. Sugar and' leather preferred rose 2s
per cent. and Tobacco L qer. cent. Consolidated
Gas was conspicuous lfor p rise Of 81 points on
Of the properly was aniifeity to be enacted > at
a5gany; e9teagg g. Gas pls9 ADVANCED IL per
worthy advances in other shares were Manhat-
tan, ia per- cent, and Lead preferred. Pullman
and Tennessee Coal and. Iron. ~ per cent. The
gransers averaged a point 10 a ponit and a
half. burlington, IL per cent; st. Paul, IA per
cent, and ST. Paul & Omaha and Rock Island /
per cent on removal of apprehension as to its
finances. Like Shore scored n rise of 25 per
cent to 100, the highest on record for the stock.
Commission house buying was quite a notable
feature during the rise in the afternoon, indl-
eating some awakening of business In the mar
ket. Hooking Valley stock fuctuated within "A
narrow limit on surmises regarding the form of
the plan of reorganization.
The bond market responded steadily to the
favorable influences affecting the stock specula-
ana contned TO the better grade issues. The
foreigners took moderate amounts of the specu-.
lative liens. in which more activity developed
than for some little time. The Hooking Valley
mortgages nuctuated rotably. the 5s advancing
to 72A. and receding to II. and the 6s rising
were Sl.61S. goo. Government bonds were in
moderate request and stifened slightly on pur-
The Evening Posts London financial cable
gram is as follows: The stock markets today
were generally fairly steady on European politics.
which were absolutely unsuitable: The financial
position as CaDleu yesterday threatens several
failures on the Stock exchange soon. and hnan-
ciers here really regard 'Transvaal politics as
more serious than European complications.
Americans were llfeless, with no prospect OF am
active business until politics are clearer. The
demand for gold is n trine less keen. French
exchange is weak, as a result of recent sales Of
securities by Paris to London, but the quota
ton remains unchanged, No effect was pro
duced on the continental discount markets by
the reduction in the German bank rate. The
Paris and Berlin markets were steady to firm"
The following were the closing quotations on
the leading stocks of the New York exchange