Omaha daily bee., 1898-06-12
O C AND, BONDS.
Heavy Buying order Follow Late Ad-
yauce In Prices.

NEW YORK. June n.-Yesterday sharp
advances in stocks brought on a heavy
volume of buying orders to the commits
sion houses this morning, especially in the
Changers and Brooklyn Rapid transit. The
rush TO buy was met by offers to realize
by the professional operators, who bought
at yesterdays lower level. An urgent de-
mand from the short interest, as was the
case yesterday, and conditions unfavorable
to a rise in prices. were given more atten-
ton than on yesterday, so that the OPEN
ing gains in almost all cases were lost and
prices rumble in the second hour OF the
short session to below last nights level.
The export report encouraged the bears to
put out fresh lines near the close, causing
some sharp dips with only feeble rallies,
notably in Sugar and the Grangcrs. Louis
vile and Southern preferred were Conspicu-
Gus sufferers on the yellow fever scare and
were an unsettling influence from the open
ing. Peoples Gas was conspicuOusly weak
without any news to account for 1t. The
decline in Brooklyn transit was closely
connected with profit taking In Grangers.
Sugar yielded from the same cause acccn-
tuated by bear pressure. Yesterdays idea
of a movement by Spain toward peace WAS
seen to be illustrative as far AS 1t cot
cerned any practicable movement The
strong bank statement failed to rally the
market. The large increase in cash OF IS
$50. 200 exceeded the estimates, though the
receipts by the banks were known 10 be
large both from the interior and the sub
treasury on account OF war expenditures
and most of these were in gold. The cash
increase was suftisient to meet the large
VI 10 III hiA' leu
ments and add to the surplus the sum
of 81, 5s1, 400. The deposits We're swelled not
only by the increased cash but by an ex-
pansion of s., IA, 200 in loans. This has no
doubt largely found its way into stock
market speculation, though there has been
active bidding for commercial paper by
financial institutions during the week. The
absorption of bonds has been large during
the week and prices yielded less than for
stocks. United States new Is, registered,
ind old As, coapon, have declined III; new
IS, coupon. IL; old -, registered. and the
%, Y; So, registered, 3s, ana the IS, coupon,
Il in the bid price.
The Evening Posts London %fnancia! ca
blegram says: The stock. markets were
quiet today, but firm. This was notably
the case with Americans, led by Atchison,
! which was said to be bought by a bull pool
! in New York. The interest spread to other
shares. 1t IL believed that the United
States loan next week may be subscribed
many times over, and this may sentiment
tally affect the share market. The market
| here shows faint indications of hardening.
More American bills are offered for for
ward delivery than for some time past.
The decline in New York exchange is also
a factor. while / learned from good sources
that r. large majority of German bills
| created with the remittance months back
of Chinese loan funds to London mature
| next week and will likely be renewed. Gold
is quoted today at as 2t4d. The Russian
inquiry is momentarily keen.
The following are the closing quotations
of the leading stocks on the New York
| market toiay: