Omaha daily bee., 1899-03-12
OPERATIONS ~ sToCKs AND PONDS.
Quotations Frnctionn1ly Above Yes
EEl - Glm.n md Annr MinhnAI.

tcrduy's Close and Ncnr Highest.
NEW YORK, March 1O,-Quotations on
the Stock exchange left off fractionally
above yesterdays close and near the high
est.
Trading at the outset was of a heeitating
character, showing u disposition TO follow
any move In the spccialtius. This was in
alcaied by q rise in sugar, the movement
li lhIs STOCK CanCeling the carrier d-Cllne.
me beheIaI market moved sympalhetlcally
put narrowly. subsequently there was q
I1tI ON metropolitan street RallWay, Wnlcn
uLOpp-u 0 points, ms incident simulated
snort sales IN the other stocks, w1jh con-
ttssiOns .qurte material in Manhattan,
Brooklyn Transit. Sugar and Bay state Gas.
Inc latter was particularly Influenced by
inc action OF the Boston exchange dutnOrl-
IitS an ulSCOntinuing trading IN the stock.
rms acton was subsequently taken by the
governors at the local exchange. The rail-
way shareS moved very sluESiSnly anu at
tSlnPJS TO improve them were retarded by
me neaNln- SIS OF the Union Pacific Issues,
IN WhlCh foreign selling was quite pro-
hounced, Various pesslnlstic expressions
az to The probable character of the bank
statement, which had been rife during the
week, were partly eradiCated when the
statement was published. The salient fea-
serve OF only Sl,3i5,l2j. The loan account
showed a reduction of over $5.UOO,OOO Cash
decreased $~i,4l3,OOO, which reflected sub
titdsuIy operations IN conneGtlon with The
central Pacific settlement. The statement
was received with considerable favor In the
street and induced active buying, raising
the general level of prices above last night.
The closing was strong and active.
the stock speculation for the week was
largely OF a professional character, with
sales about LOCO, OO0 less than those of the
previous week. While stocks showing ad-
nances We're more numerous than those
ISUflng Tor declines, gains registered in the
railways We're in obscure properties, the
general run of active shares, particularly
the. grang=rs and PaCiiCs, losing ground.
Owing to the unusual prominence and sup
port, extended to the speciaIties during the
week many of these properties show hand
some gains A UI1t,.,r IN tlA coll an m, y
ket, in which quotations for a time reached
4!2, Is largely due to the financing of the
central, faCihc settlement with the govern
ment, the Chicago &c Alton deal and various
Industrial combinations.
m money to pay the Cuban troops had
no effect on the money market, as it was
withdrawn from the subtreasury. n large
amount of country bank balances reached
New York because of the tirmness in the
money rates, and there were arrivals of
round amounts of gold from the Pacific
coast! and money gradually eased off from
tlcular demand there appeared a. reflex cas-
ing in sterling exchange, which again
strengthened, money became easier.
Ihlrd Avenue became strong on the belief
that threatened hostile legislation was less
likely. Metropolitan retained a nst gain of
- on expected favorable developments.
brooklyn Transit was strong on the reports
that it was to absorb Long Island railway
and the latter advanced S points, Much in
terest attached to the declaration OF the
regular quarterly dividend on Sugar and
the stock was strong in consequence. Some
speculative interests, professed d~isappoint-
ment at st. Pauls declaration of only the
regular dividend and becauFe of the last
dividend, of ~ per cent on Union Pacific
preferred was not increased; ihese incl
dents, while they We're not different from
what had been expected in some quarters,
had a depressing influence on a number of
the railways. Continued reports of prog
ress in the so-call5d anthracite deal We're
given color by the strength displayed for
the most part of the week in these proper
ties. L~ackawanna retaining 6 points Of an
extreme rise of 3. AT one time the political
tension in Europe over the adjustment of
questions arising in China had an unfa-
Torable influence sentimentally but subse-
quently advices were that the matters in
dispute had been amicably adjusted at least
for the present. The increases in expenses
incurred by the railways during the Feb
luary storms We're expected to reduce the
net ~showings for the month, in which the
gross earnings showed a Slight falling off,
except in the case of the granger roads.
This Interpretation of the railway ~showings
had made impressing influence.
The continued good demand for iron prod
ucts was an example of the encouraging
trade advices in many other industries.
considerabie irreg1larity in the dealings,
stantial undertone. and some. striking gains
We're recorded in issues, which do not fire.
qusntly assume much prominence in the
trading, particularly the Missouri Pacihc
mortgages. Special influences We're instru-
mental in etfecting wide changes IN numer-
Gus cases. ,
y per cent, the new As q, the IS and the old
As, coupon, a and the IS Is per cent in the
The Commercial Advertisers London
financial cablegram says: The markets
here continue inactive, but the tone. today
was good. Americans were exceptionally
dull. The bulls were disappointed by the
Union Pacific dividend. Union Pacific and
Central Pacific were the weakest features,
while the coalers, Northern Pacific, Atcni-
son preferred wers steady. Spanish 4 We're
lower The Credit Lyonnaise did it's first
arbitrage business in Anacondas, with New
York today. Eight thousand pounds ster-
ling in gold arrived from Australia
The following are the closing quotations
for the leading stocks on the New York
exchange today:
Atdnfsoni ....,,... 217s do I'd pfd...... SS4
do .pfl......... GlB St. l.. & :. w.. 9