New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-12

certainly looked like manipulation, ana II was
said this afternoon that this movement wouio
be repeated on Monday morning. In case the
public responded.
Wall Street gossip Is not always fono"eo ny
the movement predicted Nobody. save the men
who are SUPP orting values knows JUST "ha'
these men will DO on Monday morning. ana IL Is
more than likely that their operations VIII De
based upon developments which may arise over
the double holiday. rather than on any prear-
ranged programme. 1t Is safe to assume that
they will sell stocks II they believe iurther
bull campaign mpracticable. At present there
Is little to indicate that they cannot put prices
higher Strong interests have supported the
market all the week and had II not oeen 10.
this support the bear element would have had
little trouble In the face Of all the Cuban scares,
In demoralzing values. The fact that an oper-
ator who was prominent In the bull movement
last summer and has been a heavy buyer IN tne
current movement turned seller to-day inspired
the belief in some circles that the time to take
profits had arrived. But at the close OF business
sentiment was Enthusiastically bullish. Small
traders ought to bear In mind. however. that
ventures should not be undertaken when prices
have enjoyed a long upward movement
Bear traders see In the petition or business
men to President Mckinley to end the war In
Cuba adequate reason for selling stocks short.
This petition is regarded as an important de-
velopment. but its influence as bear card de-
Ponds for the present upon the light In which
IL Is viewed by the men who are supporting
prices. Selling orders were larger to-day than
the buying. and final changes in the majority Of
issues favored the short account. The trading
element reluctant TO carry Its holdings over
the double holiday. owing TO the fear of some
new adverse factor In the Cuban question, and
after the first hour the market again proved
susceptible TO Cuban rumors. In the initial
dealings the publication Of a large number Of
favorable railroad earnings, the announcement
Of the Louisville and Nashville refunding oper-
atoms and persistent reports that Burlington
would increase It's dividend next week helped to
create bull enthusiasm. Metropolitan Street
Railway made another sensational advance.
reaching 111A, against 165 last night. and
Third Avenue, United States Rubber stocks
American Tobacco preferred, Consolidated Gas
and Panhandle" were other strong features
that maintained the greater part Of their early
gain throughout the day. Elsewhere among i'm
portant stocks first advances were followed by
net losses Burlington and Peoples Gas
strong features at the opening. but sold off with
the rest OF the list. Near the close there
signs Of recovery, most issues ralying from the
lowest prices of the day. Foreign houses
again heavy buyers of the international spe-
cialtes 1t was estimated that purchases for
the foreign account amounted to 40 600 shares
The weekly bank statement. published to-day.
showed increase in loans Of S5.916600 but a
decrease In both the cash and surplus holdings
the falling off in the last-named item amounting
to SO, 344, 575, to $50. 437. $50
Last prices for the principal active stocks
compare with yesterdays final quotations as
follows: