New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-04
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Tho short session in the stock market was
marked 10y renewed frmness and good buying
A. number of active shares. London traded on
ooih sides of the account. and was buyer on
hs ance while local commission houses exhib-
tied fair demand for stocks from customers
Who doubtless were attracted by Fridays reac-
ton in values According 20 many traders
small reactions are apparently the limit of de-
clnos t. he expected in the current market. 1t
is noteworthy that whenever the least suspicion
of weakness develops supporting orders from
substantial interests appear and that after
every reaction prices not only make mp their
losses but as q rule. advance beyond The level
REGISTERED before the decline. While the selling
IN the week has been called good the buying has
been equally AZ strong people who are believers
In the future Of securities values being ready 10
absorb all offerings. and not at all disposed to
admit the possibility of pronounced down
ward movement in prices. With the general sit
uation growing better every day. with peace
concluded and With money in abundance. there
Is little basis for lower market values but re
actions due To- technical conditions active bear
manipulation and possible temporary with
draval Of investment buying may afford an OPP
poriunty 10 purchase stocks at cheaper prices.
Central Pacific. Metropolitan Street Railway.
Pacific Mail. Tennessee Coal am Federal Steel
issues were the strong and active features in
Yesterdays trading The possibility Of favor
able treatment Of Central Pacific stock in the
plan for the readjustmcnt Of the company
finances has inspired active speculation IN this
issue its advance in the week amounting ~
"a per cent. FlatteIng reports from the iron
industry are making Tennessee Coal and Ii III
more attractive. while for similar reasons the
securities Of the Federal Steel Company are
slowly creeping higher. With few exceptions
the market closed at net gains. last dealings
being unaffected by the bank statement. which
60 Cash holdings were larger by S439.5O0 than
q week ago. and the decrease in reserve was due
TO the increased liabilities resulting from an ex-
pansion in loans Of S632IG and a proper
donate gain in deposits. The interior movement
Of money in the week was in favor of this city.
but the banks lost over Sl.W),'b on Sub-IreaS-
urv operations. In regard TO the money supply
I'm this country, the monthly statement OF clrcu-
latlon. published elsewhere on this page, VIII
prove interesting.
A feature OF the trading In the last two days
90 the week was the sudden display Of activity
and enthusiasm in certain issues. generally
called "specialties." and reduction In the vol
une of trading in the standard shares. Trans
actions in Burlington yesterday amounted 70
only 300 shares. while dealings in stocks like
Pacific Mail. Central Pacific and Tennessee Coal
activity often marks the elimination of bull
market. and in the present case II may fore
shadow a reactionary period pending the ex-
Iccted and usual January rise.
Changes FOR the week in a number of active
stocks are shown in the following table