Omaha daily bee., 1897-01-09
sTOCIkSi AND BONDS.
Market Has u Firm Undcrtone, with
Irregular Movement of Prices.


NEW YORK, JanqS.-The movement of stock
prices was IRREGULAR today, but a firm undertone
ruled under the lack Of disquieting Cuban re-
ports from Washington and cessation of the
bank failures in the northwest Foreign deal
ers disposed to sell leading stocks freely.
but the offerings, estimated at 15,Oo0 shares.
We're wen taken, and prices advanced on cGv-
qury. transactions In the speciahies were on
a lower scale. ana the fluctuations recorded in
that class were in most iIptances important.
The steady increase in the inquiry for prime
investment securities, which is reflected in the
large volume of transactions in bonds and ma
tefial advances in the glt-edged Issues, consti-
tutes an element of strength in the general
market position The Investment inquiry extends
to Europe In the industrials today manipulR-
tion for rise was again apparent but the move
ment in the railroad stocks Quetcr The
coal shares ruled feYerish and lower under the
influence of the Delaware g. Hudson dividend
episode, but the low-priced shares were in cair
demand. The difference in favor of the American
Spirits. In regard to standing contracts, involv
ing S1,5OO,00O, influenced activity and strength
in the shares. the preferred rising ~ per cent
to 29&. The absorption of the Corbin interest
in Long Island by the Pratt estate and the
formation of syndicate to improve the hnan-
cial and physical condition of the property
caused an advance of per cont in the stock TO
yielded ~ per cent on the report filed at Al
bany. showing a decided increase in the sta
in the state. The general market also saSsei
slightly, but the reaction was soon checked by
the manipulation in Sugar which carried the
price OF the stock up lS per cent to ll21a on
large transactions The conflict with the Ar
buckle interests has encouraged creation of
a large short interest, which is the alert,
however, ready to Indication of inside
support. Delaware & Hudson. which had pre-
yiously fallen ~ per cent, rallied a substantial
fraction, and the grRngcrs also displayed some
Improvement, National Starch first preferred,
which has been neglected for long time,
jumped 5A per cent to 62, with subsequent
depression to 80. The afternoon speculation was
largely centered In Sugar, which figured for
1900 shares out of an aggregate for the cay
Of 10000 shares Profit taking in the late tlaG-
ing forced general concessions. The closing was
heavy at slight net losses in the railways.
The bond market ruled fairly active and val
made further substantial gains in most in
stancu The dealings in the usually inactive
issues increasing and at improving prices
generally. De Bardelaben Coal 6s
spicuous for a decline to SIG. as compared with
SO, the last previous sale, in December, 1895.
quiet tat trine higher for the new 4I. Sales
weIa $S.Cjh
The l., ,enng Posts financial cablegram from
IOnd says: Miserable weather and the lack
of public support depressed the stock market
here today. The only feature rise of
points IT. Bank of England stock. on eXpecin-
tuns OF Increased profits for the past year. as
the result OF recent loans by the bank and also
of the Profit on the sales of American eagles
quay securities fiat and mines dull Span
ish exchange on London ,hows n marked i'm
provement. An important large deal In Turk
ish stocks Is rumored between a Paris and n
LChccr bank. II true, the pr,cc at which the
French institution has bought reflects favorably
Turkish prospects. In faris the market was
firm and in Berlin steady.
the leading stocks OF the New York exchange
today: