Omaha daily bee., 1899-07-23
MOVEMENTS OF STOCKS AND BONDS.
London Manifests Some Confined In
tercst In Anaa.aa. ~

terest in American Securities.
NEW YORK, July 22.-Today's stock
market was an unimportant, even an in
significant affair. London manifested some
continued interest in American securities,
marking up prices rather above the point
reached on this side even on the opening
rise. The opening advance here quickly
sucunrbed to the sympathetic influence OF
a reaction In Sugar, which lost something
dustrials helped to hold back the market.
But the bears were no more disposed to
operate than the bulls and the market sus-
pended near last nights level.
The bank statement brought a realizing
movement, which carried prices off in some
and a few other stocks which nave been
fected; The offerings wsre well absorbed
tiGns not far from last nights prices.
thine Ihe oppressive neat prevailing had some.
t thfhs r 20 40 WITH me extreme lassltude Of
and Iowa Central stocks showed good adj
yances m prices and the Fort Worth &
on the acquirement of trackage rights be-
tween Denver and Pueblo from the Atchi-
son BY The GGoIorado & Southern, which
ineht showed the surplus reserve increased
eyp ressIn OF OF a t fSontrastiop in loans; oa as was
cash was a disappointment.
In View of the low prevailing rates for
money at interior centers 1t was expected
NN 1900 "oetN law ptGH dllIdtIeQ IL
n W York during the week, but no such
movement is reflected in the bank state
ment; The continued high rate of sterling
bewildermsnt, in view of the lower discount
rates In London and the well-marked dis
York in the last few days. The steriInws
rate has only yielded n fraction and still
hoyers Within a cent of the gold export
Net changes in pr.c's Of stocks for the
week are mostly small and show both gains
IN the early part OF the week and the move
ment after that was Irregular. 1t was the
smallest weeks business OF the year. Even
dealings by professional operators had
dropped, TO a minimum, Looking back over
a period of a month. II is easy to discern
mate the worlds needs for money and the
release OF large sums which was conf
IDENTIFY expected after July has be n success
week 10 week. Large loans We're repaid to
the Bank of England In the first days of
july but befor. the week was over the
bank and has bien ever since at rates up
10 AZ per cent. as against the banks official
minimum of 3s per cent. Only In the last
three days has there b:en any remarked re-
taxation In money stringency at the British
1t has been obvious as the situation de-
veloped that London and the continent were
going TO be more dependent on the United
the continued hardness OF money here has
aroused doubts as 70 the availability of
that relief. The situation is conclusive evil
dence of the continued strong influence OF
America in the money markets of the world.
The industrial activity in Germany, es-
pecially In iron and steel, and the specula-
tion on the Berlin bourse have kept money
high at Berlin.
In Great Britain itself there have been
expanding trade and interior demand for
money beyond what has been counted upon
and the call, Of a portion Of the Japanese
loan pinehed the London market. In the
face OF these conditions. when London saw
the money rate In New York holding high