New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-01

BONDS.
THE DAYS OPERATIONS IN STOCKS.

The course OF securities values yesterday was
governed by the varying ideas OF boardroom
traders Early weakness was followed by pro-
nounced strength. and this in turn was succeed
ed by further declines. which left last prices
In most issues we'll under Wednesdays closing
The more important professional operators were
not active. The market. however. reflected
their influence in the caution displayed by room
traders transactions.
A part OF yesterdays and recent buying came
from a few oversanguine commission house
clients who believed that the hoped-for bull
movement was under way They were impressed
with the so-called support extended by certain
comm,ss!on-houses generally we'll Informed on
Washington affairs; but in the present case the
chances are that these houses know no more
than their customers. and that the reported al
legged information acquired by certain powerful
interests was based upon Imagination only Inc
effort 20 create belief that the buying ny large
SPECTATORS was due to confidential adviCes re-
carding the settlement CT the Cuban Questi N
has been successful in some quarters LONDON
prices were lower yesterday md foreign houses
sold In this market Advances made in the noon
trading carried values in many Instances above
Wednesdays close but renewed selling for both
accounts in the afternoon caused net losses OF
161la per cent IN a numbet Of issues Total
dealings were we'll under those Of the preceding
day and OF the entire transactions Sugar Re
fning Atchison preferred Brooklyn RAPID
Transit American Tobacco. the Granger shares
Louisville and Nashville. Manhattan. Metro
po,!tan. Northern Pacific preferred. Peoples
Gas and Union Pacific preferred furnished the
greater part.
Current fluctuations IN stock values 20 NOT
represent conservative sentiment In Wall street
nor do they reflect the progress Of business af-
Of he
spanish-Amercan negotiations There is no
confident and very little legitimate buying o,
securities. This statement IS made after care
sul canvass Of the more important banking
houses connected with the Stock Exchange. and
4. Is borne out by the active preparations these
houses have made for possible emergencies. De-
spite the sensational advance in values since
Monday morning confidence In the stock market
has not Increased. Indeed. the developments
o. the last few days have Induced renewed eau
ton among sensible men, ard have mace them
more opposed TO entering actively into specuia-
ION The uncertainty over the Cuban question
tas furnished opportunities for professional
sDeculators 10 move stock prices either UP or
down. but a, no time have these operations been
followed by good public buying Of securities
The bond market indicates an almost total lack
O. investment. interest The stock market does
reflect the presence OF powerlu! nahlpria'ois'
who driving the small traders TO oan6-
r,,ptcy A sudden settlement Of the Cuban ques-
ton favorable to the American people Will. of
course serve to undermine the power Of the IN
teres,s now in control and clear the way FOR
4 normal market based upon actual business
conditions Meanwhile. values are manipulated
for the benefit OF powerful spectators.
Business interests outside OF Wall street
should bear in mind that stock market move
msnts at present DO not reflect the th-pEo-
ducirg power Of the United States or the actual
condition OF business affairs.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-saes $4,000 cou-
Don As of 1925 at 1924. $1,000 az 123. 5000 at
1927. $4,000 registered IS at 111& 5000 cou-