New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-08

from holders of stocks and 70 dj.no.,,,or n
the part OF influential bull leaders 10 s,v.
CUBAN question more than passing notice n
does not seem possible that bull leaders Will ..n
their stocks on Cuban scares. unless actual h..
fiiitics between Spain and the United STATE. y.
GIN AS there Is no real danger OF war n o.,
lows that the Cuban question ought To >.
dropped as an important market Influence R,u
road refundings and cancellations i,nn,ov.
ment n business conditions. easy money ~.
railroad earnings and confidence IN the Admit,
istration are the factors controlling the inv..,
ment market At present. Bear traders will =.
times. be able to take the scalps o. small M.
ginal operate g and SPECTATORS for a ria. ,,,
not see the marke: going toward higher nr,..
continuously, but IT is not likely that fur,t.,
bear efforts on Cuban talk in Washncton a.
Madrid will be followed by liquidation % d,
vestment holdings In the bond market cuh.,
scares fall fiat. The demand to-day for railro..
mortgage issues was enormous. transactior.
amounting to the largest total for any one a.,
In the history Of the Stock Exchange Low.
priced stocks and bonds were active In ~.
share department the buying Of the chess.,
grade Of stocks was for substantial interests 4,
iecting confidence Of intelligent operators in n,
future Of ouch properties az Atchison Erie M,
folk and Western and General Electric.
Louisville and Nashville Is making soh
record in respect to earnings: so is sou,h.r,
Railway and the rest Of the Southern rsIlro,,
properties. despite the depression In the co,,o,
industry. The Industrial stocks promise to h.
come more active. evidence Of which Is fp,
nished in the movement OF General Electric |,
tn, last few days. Peoples Gas and coks
should share In general upward movement
Regarding this Issue II is noteworthy that Ia.
friends Of the company are holding II as An
investment and encourage its purchase at n.
current level Its price is under par and when
the companys favorable position as dividend
payer is taken into consideration IL is natural
to conclude that the market value ~ the stock
is under It's actual worth. The stock market
supplies many anomalies. and Peoples Gas IA
one. New York Central, on CAPT a.iza,ion u
SlO.OJDO0O on a per cent basis sells az lis
Peoples Gas with A capital stock OF 5000.
900. and paying u per cent. sells under par
Probably before the year is over there wifi be
a better adjustment OF market values 70 In
trinslc values, and In that case many stocks
now selling under par will reach level vel
above the 100 mark. Burlington. Rock Island
ST Paul. Pennsylvania Western Union and
Peoples Gas will be in the list The North.
ern Pacifcs. Union Pacific issues and Missouri
Pacific the only active stocks that SUI
fered material recessions. and throughout tn
list losses when made were Insignificant TT.
greater number Of stocks moved with a firm
lindertone in some instances aggressive strength
being marked. Michigan Central. Norfolk and
Western stocks. Panhandle" Metropolitan
Street Railway AtchisOn preferred and Lake
Erie and Western issues enjoyed the benefit Of
good buying, Metropolitan stock gaining over
per cent AM substantial advances marking
the course Of the others named. London vas
buyer on balance The market closed irregular
and somewhat feverish on renewed Cuban agi.
tation.
Last prices for the principal active stocks
compare with Saturdays final quotations a.