New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-05
BONDS.
THE DAYS OPERATIONS IN STOCKS.

stockr were weak and dull. with Anal prices
- substantial net losses The current price
movement IN the security market reflects con-
adorable difference Of opinion among profess
s,onaI speculators as 10 the best course TO fol-
rou IN stock operations. The majority OF traders
ara afraid TO make decided move In either
A4rect,on and under the influence OF uncer-
lntnty regarding the Cuban situation they
Nssitate to enter actively into speculation or to
1T their interest remain for any length OF tme
On ono side Of the market or the other Inc
public is neither buying nor selling Stocks ana
eeoond-cass professional traders, for the most
part furnish the bulk Of the business peace
able solution OF the question as TO the Maine
explosion and the end Of the Cuban war "ouio
cause heavy buying Of American securities on
their merits. Any other settlement OF the ques-
ton must necessarily hurt market values.
Meanwhile the market is waiting, with quota
tons up one day and down the next. Thursday
they were up; yesterday a lower level prevailed
Declines were brought about small sales.
hut evidence of moderate liquidation encour~
aged professional traders to work for lower
prices ON every opportunity. Total TRANSACTIONS
IN an issues amounted to only Sos92s shares
Of which ten stocks supplied two-thirds Senti-
rocnt was bearish probably because II was
bQlf6h yesterday, although Olcid'VS lVi INV
a>ci,n. sppeared to be grievously affected by
the increasing signs Of Army and Navy activity
xhroushout the country This class Of traders
believes that the abnormal quietness or Con-
sress must soon result in outbreak, and 1t
oieo expects that the foreigners. who last week
bought securities. Will soon want to sell them.
A the short interest has been much reduced.
other Of the possibilities just named. II they
should become realities would doubtless have
a bad effect upon securities There are SO many
s1fr' and so many conflicting forces overshad-
owing the stock market that the public wisely
fears TO take part in speculation
Houses with Washington connections sold the
Granger shares yesterday, while the entire
railroad list put under bear pressure. Re
ports from the special correspondents stationed
at Key West were used effectively by operators
for the decline. who. in their efforts TO reach
stop loss orders. promulgated the usual number
Of Cuban rumors, one Of which intimated that
Senator Proctor had been assassnated IN Ha-
vana There was no real support TO prices
London bought about 5000 shares and interests
identified with certain properties took some
stock at the low point Of the day The supply
of stocks was greater than the demand, and
under the influence OF aggressive attacks by
two wei-known operators and their following
among tho traders. values were unable to pre-
sent the least semblance Of strength. Covering
OF shorts near the close caused an insignificant
rally Union Pacific preferred. Manhattan and
Metropolitan were the chief weak features the
last-named losing nearly per cent
In addition 10 the gold taken for import 10
this country last week 81 $50 600 will leave Eu-
rope by to-day's steamers. making the total
amount engaged TO date $6,300,000 The amount
announced yesterday was in great part ar
ranged for early in the week. and had in
huence upon the exchange market. which
showed distinct weakness