Omaha daily bee., 1897-04-24
STOCKS AID BONDS.
Tobacco Alone is Dealt in to Any
considerable Extent.

NEW YORK, April 2s.-Undeviatlng dullness
marked the dealings in stocks today from start
to finish. The total shares sold fell several
thousand under 100000. and dealers and brokers
found their occupation practically gone. To-
bacco was the only stock dealt in to the extent
of 1O,OG0 shares, and that was a selling move
ment. In the railway list. outside the coal
crs. the only stock which varied its price to
the extent OF a point was Burlington, ard its
net change was only u per cent. such a market
offered no inducetnent. except to the strictly
professional element. aud to them only for a
margin. The whole market continued to be
dominated by the war situation in Europe. and
the opening adhered closely to the level already
established for the days trading in London.
The II disnosition to trade In stocks seemed to
be tascd on the expectation that the Turks We're
sure 10 win success ultimately, and that Greece
success served only to delay the ending of the
war, which would come in the intervention of
the powers in the event of Turkish success.
There was a slight activity shown shortly after
midday when a rumor was circulated that the
Turks had captured the town of Larissa. The
and the momentary actirityYcame to an end. In
spite of the inanition OF the market, it is
probable that the bears are very chary Of making
any wholesale onslaught on Or of putting out
new lines. The indications point also to a
large decrease in the existing short interest in
the last few days, the loan rate for most stocks
being much reduced, except where manipulated
being much reduced. except where manipulated,
upward of New Jersey Central and Delaware &
Hudson is attributed to the bidding up of the
loan rate by inside interests and the driving of
the shorts to cover. The features of the narrow
market were all found in the specialties, where
tile activity was due in each case to a special
cause. In Tobacco the decline was due to the
reports from the west of the hostility of labor
American Spirits, 1t was accustomed by an un-
favorable Interpretation Of the failure of the
controlling interest to have n quorum at the
annual meeting. and the consequent lack of a
report on business and condition of the com
piny. In others the activity was wholly caused
by nanipulative tactics. leather preferred
showed a recovery from It's Jretent depression on
covering of shorts. The gret result Of the days
Spirits Jreserref Was a 10 erby II p r cent, after
cratic fluctuations, ard the 8 per cent bonds of
the company broke 4 points and recovered IL per
cent. Tobacco lost a point net on the day. The
closing was weak.
activity. with values generally firm. Govern
ments lacked feature, but were generally well
held on dealings of $40 1000.
The Evening Posts London financial cable
gram says: This was a blank day on the
stock markets. it being a Jewish holiday, and
the tone was rather dull on Greek successes. At
the approach of the settlement, which will be
gin in mines tomorrow. Kaftirs reacted. closing
at the lowest of the day. In spite of the re
cent rally some heavy differences on Kaffirs
are to be met. Brazils We're fiat on account of
the fall in exchange. For the week ended yes
terday about $500. COO of gold has been shipped
to Japan. French exchange fell today to the
quiry fails to discover any exceptional causes IN
operation, but doubtless the high prices of bar
gold here assists the movement. There seems
to be as yet no actual French demand for gold.
The Paris and Berlin markets have been dull. but
closed heavier
the leading stocks Of the New York exchange
today: