Omaha daily bee., 1898-06-26
STOCKS AND noNDS.
Loss of American soldiers ut Santiago
Dcnrcsscs The Mnrkct.

NEW YORK, June a5.-The regrettable
loss of some American soldiers in Cuba had
a se~ntimentally depressing effect at the
opening of stocks this morning. Prices
continued weak during the first hour. The
question of differentials to the Canadian
Pacific was said to block a settlement OF
the rate war and this contributed to the
heayincss in Northern Pacific. The special
ties on manipulation improved snos,an-
it's and Tobacco, received effective support,
thus checking the earlier easiness on the
general railway list and ranging. traders
on the long side. The Grangers failed to
quite reach last nights closing. The gen
eral list closed firm, In anticipation of a
erutions about Santiago. The bank state
ment Influenced the situation. The legal
quired amount. The action of the admin
istration in recommending the issue OF
bonds of $500 and under has been strongly
argue that the wide distribution which the
loan will receive among small investors
the money market. The expected with
drawal of this immense sum from the loan"
able funds presents different aspects to the
cial interests, while apparently confident
that no embarrassment will ensue to bor-
rowers, are nevertheless 10th to operate
with freedom until this and several other
potent factors overshadowing the security
market are dissipated. Expenditures on
account of the war are 81, Co., 600 u day and
naturally have given a Ideoided stimulus to
certain channels of trade, although COM
mercial conditions in some other directions
illus given to pending financial centuries by
the satisfactory response to the govern
m nns nss can for DID d. on ~ ne ,s @eW ia5 1ond ,ssH of
further private nterprises (which had been
held in allegiance pending The reception of
the governments call. ,Geueral business in
itself has found encouragement, owing to
the less timorous attitude of capital, and
although operations in commercial lines
ava N,nt nyfnrIaI Ntt q CfV1EinD l1ntfpStn a.
ton OF confidence, still tile recent hest
fancy has given rise toIa more vigorous
continues a depressing measure, as the
drop in cereals will tend to prevent, the
farmer from parting with bis crop and re-
duce the tonnage of the railways. The col
| lapse of the Letter operations, involving
as it did the liquidation Of enormous hold
ings of cereals and railway holdinss, has
given a disquietinS tone to the speculative
markets which may survive for some time.
Uncertainties regarding the new revenue
outside public from entering the narket
| and encouraged the bears to extend their
lines; The concensus Of opinion seemed to
itself satisfactorily, although temporary
endorsements might be expected. The
coupled with the continued ease in mon
etary conditions, the growing foreign trade
balance in our favor and the expected
owing to the July dividend and interest
payments, rendered the vigorous efforts by
the bears to create liquidation 1utlle. ne
bond market gave striking evidence of the
plethora of money seeking investment. The
gold issues improved substantially and
heavy purchases occurred of the rsorgani.
zation issues which promise a fair return
on capital invested. In government ponds
gains occurred of n in the old 4s, regis
tered, and " each In the new AS. Others
were unchanged.
blesram says: The stock markets here
we're quiet but firm today. Americans were
fairly good. A Dutch 3 per cent loan, OF
about "a, 800, 600 is to be issued here and n
Amsterdam next week at about 81; There
was a further rise in Spanish As today, due
to the same cause as the rise of yesterday
The following are the closing quota ton
of the leading stocks on the New Yorl
market today: