New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-28
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Transactions in Yesterdays securities markets
were heavier than on any day this year total
sales amounting to $50 900 shares. The market
opened strong and active. prices making note
worthy improvement throughout the list and
with few exceptions retaining and increasing the
gain in the greater part Of the day. Such reac-
lions as did occur were OF insignificant proper
lions. Everything in the material situation IA
vored the buying and holding Of stocks and the
disconsolate traders who looked for some I'M
toward happening over the triple holiday reluc
family Joined the onward procession. buying back
the stocks sold at cheaper figures. and resigning
themselves to the popular belief in further higher
prices The strong showing made in Saturdays
bank statement and large number Of heavy
gains in railroad earnings for the second and
third weeks In December were factors that as
sisted In the upward course Of values, while
pronounced support from substantial market
interests had the effect Of creating renewed bull
enthusiasm over nearly every stock on the list
Rock Islands striking advance OF over three
points due TO Its heavy buying by the So
called Flower party while elsewhere In the
Flower group OF stocks the same influence sue
ceeded In adding market value to Atchison Is
sues. Federal Steel. Peoples Gas and Brooklyn
Rapid Transit. The last-named stock made
maximum gain Of per cent. and closed only
slightly under its highest figure. The standard
shares were all in demand Investors were
again in the market. taking all offerings and
apparently ready TO absorb an unlimited supply.
Pan Handle stocks were active. and the friends
Of the company made cheerful predictions 10
the future Of the road and the favorable posi-
ton Of the minority stockholders Cthe majority
OF the stock is owned by the Pennsylvania Rail-
road. The gross earnings Of Pan Handle for
1897 were $751; 4S4. while In the current year
earnings show heavy increase, S1.173,477 for
eleven months II Pan Handle operated
for Is per cent of gross earnings. there would be
left for both the common and preferred stock
more than 5 per cent The recent heavy
penses OF the road have been due TO the Penn
sylvanias desire to place the property In perfect
physical condition. and. as this has been accom-
plished. II Is reasonable to expect a material re-
duction In the operating percentage in the near
future OF the roads reporting earnings for the
third week in December. received yesterday.
Missouri. Kansas and Texas made a noteworthy
increase a reflection Of which was seen in a
better demand for the company's securities.
Chicago Great Western was one OF the active
favorites. It's earnings for the third week in
creased over $4,000.
Total dealings at the time Of the so-called
Reading panic were heavier than yesterdays
complete transactions. but. as sales OF Reading
alone at the time mentioned amounted to 957-
600 shares, yesterdays market was the largest
record. Business we'll distributed, and
characteristic OF a genuine bull market The
close was strong and active with the Granger
shares prominent features