New-York tribune., 1896-05-25


Dulness was the chief feature Of the security
markets but the course OF trading in the last
week indicated that the alleged uncertainty as
10 Mekinleys money views was about played out
as o bear factor for lower prices. In the minds
OF the leading financial interests in the Street
thefe Is no uncertainty regarding the man or the
platform OF the ST. Louis Convention, and 1t is
useless for Democratic and Mugwump papers to
SxnnLue ~ 10 misreprcsent the actual continent
~ .se banking community. There always has
sn ahd tnere always will be dulnesS in the
vsn.,ay v'y markets preceding Presidential con-
"on out at the present time there is no cause
h,..ssasoh for the distress and lamentations
s,aSie ..a are heard in some quarters regarding the
senaaon In the Street" While there are, TO be
oon ooae plenty OF talk and idleness there is also
~ W,, W,eIaoie interest In the various departments
W. " al street business Especially in the rail-
ds as ooho market and In outside securities the
caads dhu IN these lines is fairly active, and eX-
kosunpisy good Besides the local absorption Of
s'ss ,as Europe is gradually taxing frst-class is
nn ~.s, ana It's interest in good American railway
IN tt ages promises to reach unusual proportions
nmdy mortgages sh ould not be In good demand
- -"efy country where there is such an element
~. sne investing public, and especially so just
49,, as the rights Of creditors are being so rigidly
nerved In railway reorganization schemes.
~.,y possible safeguard surrounds the interest
l. 'he mortgage holders, and their rights will
n~ .n.spected and their interest preserved. no
,a'ms The desrabilty Of the mortgages OF
sssentiy reorganized companies is reflected in the
xAcing in the last week of mere than S6O00,0O0
.,,o'tnern Pacific per cent bonds in London, and
we we Inquiry abroad for the new Atchison securi-
s. uss and those OF the Southern Railway. In the
ssx swcx Exchange bond market there were de-
,,ssueoy more life and animation than in stocks.
a. sSe par value of total sales showing an increase
~ ,fi1OOO over the preceding week. AS to out
s sue securities the shares of gas and traction
ssvmpanies furnished consid erable business for
s.oAers who deal in them, and there was also
ssoss'derable interest in such stocks as stand
srd OH and Diamond Match, although the last
ccss.hed furnished a mere speculative orgy In
ssmcago. where IL Is listed and It's course sf-
oroed lesson to the Westerners OF the hckle-
aess OF certain Industr,als which arc under the
ssohtroi of a clique of insiders. Fabulous prices
nave been predicted for this stock but its course
"a ~ the last week has been somewhat disappo.nt-
ing TO those who recently said ii would sell as
rrlsn as $40 and 400 More or less attention has
zen seen given the property by the recent huctua-
'a,ns uons In the stock, and it Is understood that
vigorous efforts will be made 10 extend the con-
Ierhs business throughout Europe and South
America
q. standard Oil has attracted notice by reason OF
~. - recent dividend declaration. and rapid ad-
canee IN price accompanied by reports of an in
S,se IN the companys capital certificates
&c Scccndard OIL Trust certificates on Friday sold at
&c, ex-diyidend. against bid price the day be-
~ s, OF zl. also ex-dividend. The last previous
ese was 244 The dividend was 10 per celt
LEI per cent regular and extra. IL 1899 the
ss.nncates ss,.nc sold al 160 Since that time regular
"Ssaes =. OF IL per cent year have been paid,