New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-05-03
BUY THE MAKER
BUY OF THE MAKER"
GEO. CLINT Co.
As.4s AND AZ WEST 23ssr.
NEAR BROADWAY.
yzcruRx: ,54 AND I56 WEST 49,: STREET
STOCKS GO UP WITH A RUSH
ADVANCES IN ALL CLASSES OF SECURI-
TIES ON THE NEWS FROM MANILA.

rr1r 1ONr,ON EXCHANGE CLOSED AND THE CHIEF
BUSINESS DONE IN THE NETWORK MAR
Kryr-spAN1sH F,OrRs ONE FER CENT
HIGHER HEAVY BUYING IN
AMERICAN SECURITIES.
Somebody suggested the other day that II would
be n nne thing TO put the gallant men OF inc
Asiatlc Squadron long OF the STOCK market nero
before they went into action. Apparently nobody
o,a hr, some OF the Stock Exchange operators
could without serious loss. have diverted to the
hc-ont If Commodore Dewcys crews part OF tho
nrodts which the splendid work OF the American
feet at Manila Bay gained for them YESTERDAY
For stocks wen; up with rush ana soieiy Oh 'ie
news Of the triumph OF the American meet winch
vas taken TO mean not only the destruction Oh
MCntojo's ships bat also the hk'Nh"od OF MI ea'''
termination Of the war.
Il was a bank holiday In London, and me STOCK
Exchange there WAS closed. So London couId nave
no influence on the local market. ana All ouY'"
orders both home and foreign. had TO be cN"'u'"d
on the New-York Exchange. As may be imagined
there was no lack Of such orders Before ~
o,clock tho floor was full OF brokers all eager 10
buy and inpatieny awaiting the fail Of the chair
mans gavol which should announce the formal
opening When the expected moment arrived 'hefe
was chaos OF bidding In many 1iocks there were
wide openings" sales being simultaneously maze
IN different pats Of the AZ all sorts Of prices
a
Of th,s.. stocks and the opening quotation hnd 10
be recorded as "7.cN shares AT S'2 10 ~ ms
stock closed on Saturday al 81 sugar VIII Il
closed on Saturday at 1875. was another the sales
,n the orst two minutes OF trading yesterday az
erogatinc $50 shares at prices ranging from IA
10 lsO The shorts did large par; OF tho buy
ing. but mos, Of :, came from the other side or
the market
The first upward rush was checked after few
minutes mary Of the carly buyers selling In order
TO take profits. but the buying enthusiasm soon
spread again. several tins IN thc course o. iie
day there were small rccessons but after esch
came Il speedy rally. As additional details "c'e
received all confirming the news OF the victory
and adding - IT, COM l-teucs-. "a new high l"vr
Wa established IN most Of the issues. The market
closed strong throughout The bond market al
vanc.l materially. Ike the stoci- market on
closing bldg the new Tours. registered. advanced
per cent and the new f0urs. coupon, ~ per cent
The trau.a ions IN stocks WcT" IN eNccsH ~
6sD0 sharcs- larger total 'han Tor any prec"I.i'k
la, sircc the Maine tragedy Tho heaviest deal
ircs vrre IN Sugar l0i 40 -nnr"- beng sold. and
the net .aln fOi mo day being -, p"r cent 'i
a.: Tobacco q .2So shares, net gain 6A9 A'chs"n
preferred l. Sil shares. net gain -; BioohH
Rapid 1rantii. $40 shares. net gam = Lcu!t'Atc
md Nashville % 80 shares. net advance per
cent. Manhattan. ~ 40 shares. net gain 3is' Me
ropolltan 1870 shares. net gain ~. New YORK
central 1850 shares. net gain 5, Eorth"rn "a
cihc "A 80 shares. net advance -. NprtleI" - ~
cihc preferred 32.,v sanrfs, hs' gam - ~,
Island. $50 shares. net gain g.. s. PauI '..4p
shares net gain ~. and Union faclnc preferred.
~ s4arcs net ssi9 =, gSr '' ,b. po,, on Sat,
urday brought me following consignMents or god-
For Blair & Co. i3)c', Eari'ah!s lAie AsSIi an -
re- % La Bonrgogne brought 5000 In francs
consigned 10 Kuhn, Loeb < co