New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-16
BONDS.
TIE DAYS OPERATIONS IN STOCKS.

The stock market was strong ana Duoyant
throughout the day Prices rose rapidly IN re-
spcnsc TO a heavy demand from public buyers.
ard with the exception of minor reactions III
pron, taking sales advanced steadily until the
close Foreign houses were alsr more active on
the lorg side OF the market while on the Lon
dor Stock Exchange American securities eX-
Uhited pronounced strength. II is interesting 10
note y growing tendcncv OF ne part Of foreign
Investors 70 increase their holdings OF American
rsrrcad stocks and bonds hut II Is still more
encouraging 20 know thai this market does not
dc,end u2or foreign supper: for higher prices.
TIE finar "a; position OF the Jnlted states ls
too strong to require foreign capital in the de-
y-,on,. on, Of the country's industries. hut II IS
exceedingly gratifying that foreign capitalists
recocrize the merit OF securities and arc
anxious to share in the wave Of business pros
peri.y that is now strongly reflected In the
stock market operations
Activity in the Grange: shares vas feature
OF he dav. advances o. Ia per cent accom-
pany'.y widespread inquiry for Western rail-
road Issues that are constantly improving III
.n:.insic worth AND the industrial stocks, TOO.
w.~c T., good demand The genera. course OF
prices Indicated setback or falling off IN the
current bull ov,rnent whit. Street sentiment
continued cheerful and confident In still! highec
range OF values. PresHn' prices a:S hiEh III
comparison with the level OF the last few years
bu- not wi:h the levo, prevailing IT. the boom
which lasted from 49,? t. 1881. or with I'll" cor
ditions uron WHEN the recent advances hav"
Seen brse]. Industrial! ard f1nancie! conditiora
are far bett = than those which carried market
values so hig. in 1851. and there is no reason
20 expect ths. pric. in 1898 will not equal and
exceed the best reachei in 1Ss,. Gooi judges
Of the market look for healthful reactions only.
Realizing sales continued In considerable vol
ume Yesterday but they We've not effective in
checking the upward movement OF values. Inc
buying from wealthy spectators and commits
sion houses gained in force as the day went
on and near the close became pronounced.
while last prices at about the best or the
DAY: Manhattan stock. which has ceased TO ap-
peal TO investors owing to surface road compe-
tition and the company's disregard Of the pub
lies interests, was a noteworthy exception to
advancing figures elsewhere in the market. Its
net loss for the day was III per cent Manhat-
tans quarterly report and balance sheet are
not encouraging and liquidation OF stock Is not
surprising ST. Paul reached its highest point
in fifteen years and Burlington and Rock ISL
and enjoyed marked improvement Grain re-
ceipts at Chicago last week gave encouraging
increases and reports from Western points
showed marked Improvement in both east
and west bound traffic. Northern and Union
Pacific issues were strong. and Atchson pre-
ferred was in good demand The Rubber stocks
made further gains; also American Tobacco ana
many of the specaties. including Newly YORK
Air Brake which advanced Az per cent