New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-09
sNA interest
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Tho stoc,, roarke. was reactionery the greater
mart of the dav on speculative selling and opera
t,ons for the short account. The net results OF
traders trans actions however. we're not en-
couraeing 70 advocates OF lower prices. for IN
the greater number OF issues small fractional
losses only were made. while IN Jew STOCKS
80. co,ns were recorded Sugar Refining alone
avtib,ted noteworthy weakness. The movement
=. ,,,s stock however. Is no criterion OF the
course OF the rest Of the market, for ITS price
changes are too we'll manipulated and controlled
nv insiders to furnish basis Of comparison
for the general course Of values safes inaue
vss+erdav were absorbed by substantial inter
ssts and ready buyers were found on all con-
,exs,ons The reaction was a help TO the mar
ket and conditions would be improved II fur-
ther declines we're made. although speculation
Is IN no need Of such a tonic so far as hoiolneS
are concerned A setback would merely iur-
nish renewed bull vigor from interests 'ii0'
have sold and are anxious 70 buy back al lower
figures.
The course Of prices yesterday, however lhoi-
GATED no decided reaction in market values. luz
people who hold stocks showed no mcmahon 10
sell the chief liquidation coming from weakly
held accounts and speculative realizing De
spite the amount Of realizing that has peen Done
IN the last week, stocks appear 10 be in strong
70 hold them. through any setback. people who
evidently have no intention OF selling until
larger nronts are IN view. Strong financial In
stitutions and individual capitalists are In the
current market. When they are ready TO sell
the backward swing Of prices may be looked for
It hardly seems reasonable to suppose that they
will sell with the prospects OF an active ana
advancing market before them. The change IN
,oona,, rates month ago reflected a change In
financial sentiment over the effect OF the var
upon the country's industries and money mar
kets and with that change came the realization
of the actual worth OF securities and the favor
able prices for the making Of investments. That
Is why investors and capitalists are accumulat-
ing stocks and bonds
The ease with which the current market alb
sorhs sales proves. II proof Of this sort is neces-
rary that money Is seeking employment This
was again pronounced IN Yesterdays bond mar
ket, In which heavy business. distributed over
a large number Of issues was transacted The
high priced shares showed greater tendency TO
yield than the lower priced issues. but final
prices were at material recoveres from the
lowest OF the day Brooklyn Rapid Transit, Des
Moines and Fort Dodge. American Spirits issues
and General Electric were strong features. Now
that the Bridge loop case has been decided In
favor Of the Brooklyn trolley companies the
stock Of the Brooklyn Rapid Transit Company
will doubtless become market favorite. as the
earnings Of the company are enormous. and the
Interests identified with the management are
heavy buyers Of the securities The companys
earnings in the last few days have been increas-
Ing at the rate ~ over $1,000 day. compared
with the same time year ago.