Omaha daily bee., 1897-06-06
STOCKS AND BONDS.
Dealers show Greatly Increased Con-
fdence in business Outlook.

NEW YORK June 5.-There was no mlstaking
the strong bull character OF today's market tor
stocks and bonds nor was there any room Tor
doubt that the motive for buying was greatly
increased confidence over the general outlook
for business in the country. The bear element
was not d factor IN the market at any time dur
ing the day, except as eager buyers 10 cover
short contracts before prices should rise beyond
thelf reach. There some profit taking at
intervals by the more conservative minded trad
crs hut apparently their only purpose in selling
ono stock to put the proceeds into another.
such realizing sales were made were well
absorbed and il, consequence the upward course
Ot prices went merrily on from the opening 10
the close OF the days short session The deal
lngs were remarkably well distributed. Sugar
showing the largest number OF shares OF any one
stock sold with 1880 shares. Chicago Gas and
Burlington followed close with over l5,0OJ shares
each. and st. Paul was not far behind. OF stocks
that dealt in 10 the extent OF from /. 100 TO
7.D9e shares there were about twenty. and large
number Of the usually inactive shares showed a
smaller number Of sales, made up In part Of odd
lots bought by commission houses on outside or
deIs The general strength OF Inc market was
doubtless assisted by the aggressive strength
shown by some OF the most active stocks. notably
Sugar. the srangers and New Jersey Central.
Reports from Washington that treaty with
Spain was being considered looking to the regu-
lAtiJn o. the naturalization of spanish subjects
as citizens Of the United states had their effect
in helping prices indicating purpose To
eliminate N friction between the two
countries. Missouri Pacific and Western Union
Joined the list Of approaching values. with The
faVurltcs OF the bears thus shifted TO the bull
side OF the market there was practically NO
opposition left To the advancing tendency Of the
market Advances OF near point or over were
shown in Sugar. New Jersey Central q points,
burlington, 81. Paul, Northwestern, Rock Island
Chicago Gas, baltimore & Ohio, Colorado Fuel
Consolidated Gas, Erie second preferred, Louis
vile Nashville. Missouri Pacific Mobile q
Ohio q points,, Lead, New York. Chicago e St
Louis second preferred Tennessee Coal Amert-
can Spirits preferred Oregon Naviga tion pre-
terred, Leather preferred, Reading FIRST pre-
ferfed and Western Union.
The week has been most remarkable for IN.
manifestation OF increased confidence in buyinu
ana holding OF securities, especially railroad
stocks and bonds, The improved tone OF tht
speculation has been remarkable for the an.
sence of specific influences on the stocks mos
| Ia no doubt that great part OF the buying Of
STOCKS during the week has been predicted upor
prediction that the outlook for general business
| Is greatly Improved and that the country ha,
turned The corner from the depression toward i'm
| nroNemert The cheerful confidence shown b.
the secretary OF the treasury in ais public utter
anees has made strong impression on Wal
street. Aueh account Is taken Of the cont entiOr
lhat the volume af business Ia equal 10 that IN
| the most prosperous years although prices are
still low. says DUns review; Reports from
all parts OF the country show that retail dis
uthutions of products ia unusually large anG
j Increasing and comparison OF prices this
week In the leading branches Of manufacture
shows remarkable similarity to the course OF
most wonderful advance Ia production ana price,
ever known IN this any other country was
close al hand This feeling has secured a mold
on the more sanguine element In Wall ssrsei
during the week, and Is largely responsible fol
! the bun market. II is fed 10 greater or less
| extent by various developments The effect oi
sVld e<pOrts II no ionssr dreaded. a. IL is seer