New-York tribune., 1898-11-23
BONDS.
THE DAYS OPERATIONS N STOCKS

The stock market was strong and animated
the greater part Of the day, with transactions
we'll distributed throughout the list In the
early dealings prices recovered rapidly from the
reaction Of the preceding day. heavy buying
orders from commission houses and FOR traders
account rejecting the announcement that the
cable reports Of Monday. reporting the with
draral Of the Spanish Peace Commission from
further negotiations. were incorrect ana mis-
leading. Sentiment was further encouraged by
the reassuring tone OF Washington dlspatches
The poor bears who thought they would have
a field day, were grievously disappointed Dut
they received some comfort from fimsy expec-
tatioas OF a possible rupture at to-day's meet
ing Of the Peace Commission. In addition to
the bull sentiment created from Paris develop
ments and Washington advlces encouraging re-
ports were circulated tending TO show that the
so-caled railroad territorial dispute in the
Northwest had assumed more favorable as
pect. Good buying in the standard raiiroad
shares Doubtless had much to do with specula-
tive and commission house support. while evil
dence Of interest from substantial sources in the
anthracite shares assisted in making traders
cheerful Everything in the business situation
IS in favor Of higher market values. but specu-
lation would be improved II moderate reac-
ton Of from to 3 per cent should develop.
Brokers hold many orders fer purchases al
lower figures than those now ruling
Delaware and Hudson has recently been sold
on rumors Of a possible dividend reduction and
on unfavorabe criticisms from irresponsible
sources In yesterdays market, however good
support developed. and the Street at once IN
ferred that the Vanderbilts were buying. Ke-
cent railroad purchases by the New York Cen
traI give that company an independent line 70
Montreal. and if the Vanderbilts proposed Sc
curing absolute control OF the Delaware and
Hudson IL Is fair to assume that the central
would not be perfectng new route for It's
Montreal traffic 1t is believed however. In GER
tain parts Of Wall Street that some deal IN
volving Delaware and Hudson is under way,
and in weH-informed circles the future OF the
,ast-naued company Is not pictured 50 darkly
as in the speculative centres Where 'he rod'
stocks are being "beared" 1t would seem that
the anthracite group Of stocks had received
more than a fair share Of bear attention lut
despIte this there are not few persons IN the
street who predict lower prices for the coalers.
In Yesterdays market the course Of coal stocks
was not in line with this prediction. There are
doubtless better Investments than the anthra-
cite sbares hut in selling Delaware and HUI
san Reading and other coal issues the good
noints in their favor should not he overlooked.
The advance In Delaware and Hudson was ac-
companied by a report that the dividend for the
coming wear would remain al > per cent.
Berlin was a heavy seller OF Atchison securi-
tics and in foreign operations sales outnuW-
bered purchases The European selling was et-
fective in influencing traders TO work for re-
action at midday. but prices made only unim-
portant declines Northern Pacific stocks
which were weak early in the day. were strong
in the afternoon. and as a rule the entire list
closed higher than on Monday. Manhattan was
n strong feature owing to heavy buying inspired
nv the election by the directors OF new vice
president. Southern railway preferred ad-
vancod on dividend prospects. Money rates
here were unchanged. and In London further
ease was noted. In Berlin the tension IN the
market continued to which may be traced the
heavy sales OF securities for German account