New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-12
BONDS.
THE DAYS OPERATIONS IN STOCKS.

r-adiro n stocks in Yesterdays market was
more animated than in several weeks "hi'e
prices were we'll above Saturdays nnal hsures
The encouraging feature Of the days business
was a further demand for investment issues
notably the so-called Vanderbilt STOCKS. ncIuo-
ing Northwestern and Omaha characteristic
,roverent in the price Of Sugar Refining stock
which left its last quotation at an insiehil'an'
net gain. was an incident Of the day. but the
nanjoulation Of the stock was too apparent 10
induce any good buying OF the certinca'es
The railroad stocks were evidently bought by
commission houses for clients, ana IN the pohu
DEPARTMENT there was an expansion in dealings
that clearly indicated q renewed investment de-
mand for the many attractive mortgage iSSue'
Of American railroads. Atchson ad)us''hehV -
were especially active the strength ana ac"''!
IN the bonds extending to the common anu pre-
ferred stocks which made net advances OF 4
and / per cent respectively. The A'chISoh
comnanv is making splendid earnings, and its
charges have been reduced TO basis that
makes the preferred stock prohtapis Pui-
chase And the common stock too VIII douo'-
loss sell much higher before the year is over.
The sustaining influence in stock transactions
was the expectation that American troops
would soon be in control Of Santiago, and that
peace negotiations might begin at any moment
The last-named factor may not oeVe!oP 80
ou,cklv as Wall Street would like but whether
Or not neace comes to-day or several months
hence holders Of American securities have the
satisfaction of knowing that the actual worth
Of their possessions has not been injured oy
the war and that the conditions underlying '"e
intrinsic value of stocks and bonds are graz
ually strengthening and improving the prospects
for higher market prices. American SECURITIES
are sound investments. American raliroaos are
now managed In the interests or their s'ocK-
holders and the bonds Of recently reorgani1ed
companies which yield a better return than 'he
safest European securities, should soon ma d
ready market among foreign investors. Inc
nrediction is ventured that foreign buying Will
he an important factor in the local market IN
the current fiscal year A further advance IN
Spanish per cents In London ana hisHe'
prices for American securities abroad indicate
q belief in foreign banking circles Of approach
ING neace between this country and Spain
Realizing sales caused considerable irregu-
,aritv throughout the list. but as a rule last
prices were near the best OF the day North
west and Omaha We're bought by the same
houses that were active In them last Week
also Illinois Central. which gained more IMAM l
per cent The dealings In Atchison preIeIieu
were larger than in any other STOCK ana sooo
mart of the buying was for the account oi 'io
same interests that have advanced KOCH i'1diu
and Brooklyn Rapid Transit Although 'leie
was no development affecting the s'ocN' MAN
haitian was a strong and active feature at
net gain Of Ia per cent The market was called
uncertain al the opening. but near the close us
tendency was decidedly toward higher level
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-Market inactive.
rr4na, quotations follow: