New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-14
THE FINANCIAL Markets.
STOCES WE'LL SUPPORTED
CONDITION OF TIE FEDERAL TREAS
rRY-RAILROAD EARNINGS.
Sunday. Fehruary 13

TRY-RA1LROAD EARNi'FS'
sunday. February 13-p m.
The course % securities values last week was
gratifying 70 the advocates Of higher prices
Although violent efforts were made 10 force
lower level on the De Lone Incident and eNag
eerated reports concerning the Cuhen SITUATION
as set forth by certain Senator'S, there was
little hesitation among brll operators ana no
material falling off in the investment ceH'ah"
for bonds Outside ~ the investment deman"
there was. however. little public interest in So
curitles But bull operators belonging 10 '"e
professional class made the market buoyani and
attractive Some persons ask why there are so
many bulls when the Cuban situation Is IN a
nosition Il great uncertainty. In the first pace
operators committed TO the bull side do not be-
,,o,.o ,hat tbara will he war between the United
States and Spain. II they assumed that future
nolitical developments would lead to friction be
tween the two countries. it is probable that they
would gradually withdraw from the market. but
not until they had secured their prohts' rurlher-
more bull operators know that business coiiul-
tons are In favor Of higher prices; also tha'
they can borrow all the money they need al
cheap rates with which 10 carry OH eA'e"S''
stock market operations And 50 many "i 'n'
leading men in the street are pronounced oulis
that they can bid up prices without RESISTANCE
whenever they choose 10 do so. as reflected III
their operations Thursday. The Cuban situation
and railroad cases now before the supreme
Court are the only uncertainties In the specui4-
tive situation, but neither OF these carries
weight with professional bulls who nave me
financial means 10 put prices hgher Inc re-
fusaI NJ the public to enter actively into spe-
cal speculation at this period cannot, now
ever. be considered an altogether shortsighled
hot n
Washington bears are executing their utmost
efforts to break the market. and believing
that the Cuban situation IS yet capable OF
influencing values. small speculative operators
for a rise naturally fear 20 make extensive com
mitments They may be wrong in not following
the lead Of experienced bull Speculation but per-
hans they will get be able to buy stocks at
cheaper prices.
The Venezuelan scare proved 80 disastrous 10
marginal traders that ever since that time they
have been oversensitive. And as long as the
Cuban situation remains unsettled public trad
ers Will probably not engage IN STOCK market
speculation with confidence or enthuSiasm.
Moreover. at the present time they believe ihat
they have good reason for expecting lpNcI
prices owing to the possibility Of some real ad-
verse Development as the result ~ the agitation
Of the Cuban question I'm Congress ana the pc
titiOn IF business men 10 the IIesiHNnt ashiHs
Kim 10 end the war i'm cuba. II the President
is forced by Congress and public clamor to take
decisive steps tho market will doubtless receive
a shock Of no small proportion. and pending such
a possibility il is more than wise Tor SmdIl
traders 10 leave speculation alone. Buyers 81
stocks outright and Spectators 81 ample means
have little to fear ior they Wi see .isne' ~ lOg
some time in 1898. even II the CUBAN war Is
ended by American Intervention. PROFESSIONAL
bulls have been in the market for long Time
and they can withdraw with profits on the frst
signal Of trouble. The fact that they have been
in the market so long makes stocks less attrac-
tive than a month ago. and people who buy at
this time have got to bear in mind that prices
have had a long and almost continuous al
vance. Despite these considerations the al
mosphere on the stock Exchange is unmistaka-
bly, bullish. The majority Of important pun
leaders assert that prices VIII go higher ana
their words are borne out by the actual course
OF values There only a few substantial
bears in the street, and they are forced 10 buy
their stocks at losing figures after every decline.
Big men are doing everything to encourage pub
lie attention and foreign Spectators have given
increased evidence OF A growing anxiety 10 MAKE
money in the yankees It is reasonable to
suppose that bull operators viii not sell their
holdings at the current level II they believe that
greater profits are in sight and that they DO
believe this is proved by their comment anu
courageous transactions In stocks. Cheap money
is their best support Last weeks movement
showed strong underlying tendency IN the
face Of Cuban sCares and bear attacks. The
close was fairly strong. but some observers said
it looked sloppy" and predicted that unless
new war scare came up over SATURDAY ana 10
day prices would go higher tomorrow morning
but subsequently sell off on professional liquida-
ton There was the usual bull enthusiasm pub
lished to-day inviting the public 10 buy. When
invita- ions are so pressing somebody wants 10
get out. Investors have n bright future on pur-
chases made present prices.
Regarding tho current invitations extended 10
the world in general to speculate in stocks II
is extremely unfortunate that so many traps
for the unWary are to be found in wall Street !
The Street is filed with phi.GnthrOpists There
are many men who are willing 10 make other |
peoples fortunes just for the pleasure Of seeing /
more general distribution Of wealth. They /
are not rich themselves. but. being philanthro- !
pists they are not interested in personal gain !
and do not seek TO benefit any but the seeker /
after wealth and speculative profits. Come |
on. gentlemen. this is the last and only chance |
making cycle in which The profits Of past sue /
casses will sink To infinitesima. proportions /
Another great money making opportunity is /
in our midst. and the time for tho safe ac- !
emulation Of profits on tWenty-dOllar bill has |
arrived We know when stocks going up /
and when they going down. We can use /
any amount OF money you wish to send us. We /
have never made loss for a customer Give /
US Il call for sell our goods as advertised /
This is the stun that alleged bankers send /
throughout the country. Another way of help |
ing tho public is to offer il exclusive advice on /
a stock or stocks which will go up or down. for /
the modest sum Of SO week. And still an |
other is found In the recent announcement OF /
a broker who asked all "thCrCUghbreds" TO send /
I'm their funds TO help him make them rich. /
The Stock Exchange took con mendable action /
last week in forbidding It's own members 20 /
make specious and seductive appeals TO the /
public for money, but. unfortunately. the ma /
jorty of men who are constantly putting ont /
traps for innocent operators are not members +
Of legitimate exchanges and cannot be reached /
by Stock Exchange discipline. As matter Of .
fact. there Is absolutely no reason for any
"greenhOrn" Of means - be fooled into losing .
his money in Wall Street. If a man must
speculate. he should make his deals through /
legitimate houses. II a man comes into Wall /
Street to invest his funds in dividend paying /
securities he has the choice Of many Trustworthy ,
banking horses whose names are known /
throughout tho United States Spectators will /
get honest advice from reputable firms No /
reputable Wall Street house guarantees TO make
profits for spectators 1t gives the Spectator
the benefit Of is experience and Information