New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-27

yesterday and to-day brought In many COMMA.
sion-house orders. Each operator In Wall s,,...
has his own IDEAS about the current ma,L..
and It is a matter OF considerable clffcul,v !.
convince those with less experience that nr,,..
will not go In one direction at all times o.,
stantial manipulators can put prices higher IN,
they cannot maintain their advantage ind.a
nitey nor do they care to do so. Many cor.
mission house clients who have been impres...
with the upward movement tell one alothe- :.
all seriousness that prices are bound to 70 h,y,-
err for the rest OF the year. Some cautious m.
servers said to-day that the advance had h...
too rapid. and that. despite the bull moyernsn.
In the Vanderbilt issues the public ough, ;.
make haste slowly In the present market r..
extreme optimism on the part OF comrnIS,o,
tcUse traders (Which Is encouraged By IN. ov..
enthusiastic market letters NJ certain brok.r.
is responsible for many Of the losses suffered .,
Wall Street. Small accounts were "snuifed ou,.
In less than hour on Mondays slump Ara
the bears believe that their ammunition ia min
powerful
London prices were favorable to-day loc.,
money was easy and foreign exchange Va.
weaker. Railroad earnings were excellent ana
there was news OF disturbing characts,
assisted In the bull missionary work among
commission house buyers. and Inspired inves,or,
with renewed confidence In the market Ther.
IL adequate reason Tor Confidenc, among Invest,
ors and that they appreciate the actual worm
Of investment securities is proved 10y the 81.
traordinary demand Tor hgh-ciass bonds ana
issues whose future appears sufficiently briza,
TO warrant their purchase AT prevailing oE
market prices. Investors have nothing to fea,
from stock market manipulators. but this /,
rot true of operators on small margins On,
important bond house announced to-day tina,
its business In railway mortgage issues in the
last month had been larger than ever before il
it's history. Besides the heavy trading In New.
Yord Central stock there an unusual IA.
mand FOR the preferred stock Of the Missouri
Kansas and Texas Railroad, dealings in
amounting 70 q 500 shares against IS 200 r
New York Central: 81 500 IN Manhattan. 1910
IN Sugar Refining; $500 in the Northern Pa.
ci1cs and 40 800 in Union Pacific Burlington
St. Paul and Rock Island contributed $500
shares The stocks mentioned supplied total 0,
90 700 shares out Of 4s6 16 In All issues AZ.
tivity in Kansas and Texas preferred was due
to a rumo- that dividend would soon be paid
on the preferred stock. This report was founded
on the excellent showing made by the company
In the six months just ended. IN which period
showed a surplus Of about 81. 10000 or NOR
than double the amount called for by the fur
dividend for the entire year on the preferred
stock The road had floating debt 10 pay IL
the time covered by tho earnings so that they
were retained In cash. The company Will doubt
less make DIVIDEND liStrlblfiOn thlS year
thereby warranting higher prices for its secu-.
tiles New-York Central rose 10 It's highest
price In several years. and Lake Shore made
new high record. Reading issues were str0ns
on the favorable showing made nv the compan,
in December Rock Island advanced per cent
on refundng prospects. The market closet
strong. with substantial net gains in mos
Issues
Last prices for the principal active stocks
compare with yesterdays final quotations q.
follows