New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-14
Friday, November 13-p. n

Holders OF securities are not alarmed over the
Washington reports Of diplomatic uneasiness on
account OF SPANS attitude to this country.
The fact that the Administration considers It
wise to prepare for possible emergencies is not
a declaration Of war, and Wall Street pretty
generally dismsses from consideration the
chances Of hostile relations between Spain and
the United States as factors initiating against
a further advance In security values. The ele-
ment which would like a reaction In the stock
market magnified and exaggerated the Wash
ington reports to-day, but they made no notable
impression on prices. and their only success Of
the day was In alarming some weak holders and
small dabblers in stocks. by attaching
warranted importance TO a report from Chicago
intimating that inquiry had been made from
official sources regarding the present abilities Of
certain railroads to handle Government troops.
Such an inquiry IL made. would not be unusual:
in fact it would be in regular line with the
Bureau of Military Intelligence's custom. which
for a number Of years has been to keep regu-
larly posted regarding transportation facilities
for the movement Of Army troops. and the same
applies to the Navy Department. which makes
stated inquiry regarding the availability OF the
merchant marine in cases OF emergency. The
danger Of with Spain Is remote. and an
actual war with that country would be no good
Under present conditions, something more than
mere shadows will have to be found by the
operators for a decline II they wish TO frighten
security holders into liquidation.
No long stock was pressed for sale to-day and
no uneasness was felt. except among the Small
fry" of the Street. Bear traders succeeded. az
noted above In frightening these small holders
and in the absence of much support were able
To cause rregularty and small declines through
ont the list There were few noteworthy losses
I'm the standard shares. and there were a number
Of b,Iyers operating who believe In purchasing
on ali reactions. The wisdom OF such transac-
lions needs no comment. London bought stocks
to-day and commission houses continued active
in executing orders many OF which were FOR
profits While the market for stocks was lower
on reactions the bond department was strong
and there was no cessation in the demand for
Ali t-class issues In stocks Sugar Refining was
sold down 2M points by Sugar manpulatOrs and
a loss In Manhattan of IN per cent was due in
great part to a few sales Induced by the poor
showing in the September quarter. which will
unfortunately give a deficit of S303OOO. and this.
despite a reduction in fixed charges or $162.WO,
and a decrease In operating expenses OF $6OOOO.
Hooking Valley. Northern Pacific preferred and
Western Union were the only other active stocks
which made noteworthy losses. United states
Cordage securities were strong and active. The
general financial situation continued favorable
without important development, either In the
money or foreign exchange markets Further
heavy deposits Of gold were made In the Clear
ing House Association vaults, increasing the
amount now held to above $3SOOOOOO state