Omaha daily bee., 1897-06-05

o AND BONDS.
Dealers Begin to Doubt the Stability
of Present High Prices.

NEW YORK, June 4-There were some room
traders on the Stock exchange today who mani
Tested occasional timidity as to the stability OF
values at the Improvement which has been sus-
tanned now for the greater part of two weeks.
This element took their profits from time to
time during the day and their selling had a slight
the more susceptible stocks, But the offers to
realize were absorbed without notable effect on
the general market, WHICH remained strong and
firm all day and closed at practically the best
prices of the day, THIS being the rule which ex-
tended to noteworthy proportions in some of the
specialties. Chicago Gas was the center of in
terest in the market and displayed a continuance
OF the strength which st has enjoyed for quite
a heightened PERIOD, a, determined drive was
made against this stock along toward the close
of the market, apparently with the purpose of
affecting n decline in the general market by in
ducing sales to realize. jas was done yesterday.
The gas stock was in fact, driven down IL
points. and some losses occurred at the same
time in the general list. But there was no such
rush to realize as marked prices at the close yes
terday. and Chicago Gas more than recovered
its loss and the market generally rose to the high
outside interest in the Market made apparent by
the commission house buying was the most note
worthy sustaining interest in the market
Orders were forthcominy1 IN all the leading stocks
upon the smallest recession in price. There was
a marked demand for shares from the shorts in
some of the stocks that have been heavily sold
e late. This was notably so in New Jersey Cen
raj, the latter rising strongly "a points above
Reading shares also registered notable gains and
were freely bought. There was n coincident ad-
vance OF LenlRn valley IN Philadelphia, due to
reports of the securing in control in the company
of a large interest in coal by taking up an option
obtained some time since. The sales of New
Jersey Central and of the different Reading
shares footed up 40, 900 shares. Chicago Gas alone
absorbed over 40, ogo shares and burlington and
st. Paul another 80. 600 shares. Tais constituted
considerably over half of the dealings.
Further scrutiny and study OF the orthwester
annual report gave aggressive strength to the
stock of that company and, by sympathy to the
whole granger group, constituting what is aptly,
though figuratively termed, a back log to tile
M rlkat Nnrth ~ . 4 arn' ne gain NUnQ Il mr.
cent. London was much less of n factor than
for several days past, though there were pur-
chases for London account in n number of
stocks. These were probably curtailed on &C
count of tomorrow and Monday being holidays
in London. The Gould shares were under some
special pressure. Missouri Pacific and Western
Union both losing a fraction on the day in spite
of an increase of gross earnings for the fourth
week in May by the former of s5S, 900. The en-
gagement of $4,000 in gold for shipment &c
Europe was without appreciabie effect on the
market. Considerable declines were shown in
Pacific Mail. Southern preferred. Tobacco, Balti.
more & Ohio, Canada Southern and n number OF
others: Gains Of a point or over Were shown by
Laclede Gas. Metropolitan Traction. SusquehannG
and Western preferred, Tennessee Coal and Rub
Der, besides those above specified.
The strength OF the bond market continued un'
abated and a considerable degree of increase was
noted in the dealings. Large stocks or leading
ests took liberal amounts. The constant an
sorption of the international mortgages by Tor
eign interests tends to impart a conslderable De
gree OF b%uoyancy to the general speculation
which is assisted somewhat by the favoraDle IN
dication5 In individual issues. Sales. s2225, OOo
Governments displayed a hardening tendency
with the new As absorbing the bulk OF the deal
ings. Sales were $1,000.
The Evening Posts London financial cablegram
says: Business Is sim slack in the stock mar
kets here, but the tone everywhere Is good. the
only feature is a demand for Canadian railway
securities, Grand Trunk stock being In special
| request. The Paris bourse opened firm and CLOSED
dull. The Berlin market was steady to firm
The following were. the closing quotations on
the leading stocks of the New York exchange
today: