New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-09
RON)S.
THE DAYS OPERATIONS IN STOCKS

rr,a s,ocl market was dull and irregular, with
nr,ces strong in the morning and weak al 'he
close Opening quotations were well aDoFe
uondsv's final figures. and under the influence
of covering OF shorts and moderate foreign Guy
Inc reached a level that showed advance Oh
1e11A per cent Room traders were the primer
nal buyers Most OF the selling came from III
tsrests who bought on Mondays break ana III
some cases the character OF thess opeiaS Vi''
reelected a disposition on the part OF lihpoi '"'
holders to reduce their lines the street was
nTed with the usual quota OF rumors' out no"e
were Of sufficient strength to cause oecioeu
pr,oe movement in either direction. saseH'e
tendency In the last hour was due 10 rene"eu
professional selling, apparently based upon '"e
report from London that Spain had secured hFe
new warships for immediate use IN Cupai
waters The report from Madrid tha' ops'"
would not send its squadron 10 Havana no"
had no influence as an offsetting factor, and I'M
I'll a few minutes Of the close values gradually
worked below the best OF the day.
Last quotations showed small net gains
throughout the list. In few Stoke the net
advance reached l per cent and above, az III
American Tobacco. Illinois Central Manhattan.
Jersey Central and New-York Central Ar
mirage houses bought about twenty thousand
shares, while ON the London Exchange prices for
both American and home securities showed SUD-
stantial Improvement over Mondays closing,
British consols furnishing the only noteworthy
exoeption at net decline OF Il per cent. Appre-
hension In London over the outlook in the East
and the Cuban situation here has not been dis
peIled In the last twenty-four hours but. accord
ing 20 cable dispatches It Is not so acute. Span
,sh per cents were better at a recovery Of u
per cent Probably the local buying was based
ON the view that for the present the Cuban
question appeared m more pacific shape. but.
barring this the market was ripe for reaction
on purely technical conditions. The transitory
charact OF the buying was proved, however.
In the desire to take profits in the afternoon.
A hardening Of time money rates received
little attention in the Street. but II clearly re
Elected the wise conservatism Of financial in
terests in making due preparations for possible
emergencies. II is expected that money rates
will rule higher. An indication OF this is seen
in the weakening tendency In the foreign ex-
change market. Sterling rates were shade
lower Yesterday. and further engagements Of
gold for import were announced, making the
total to date 81 $4,000.
OF the total dealings in stocks. Sugar Rein
ing the active Granger shares. Manhattan, the
Northern Pacihcs New-York Central and Union
Pacific preferred supplied over one-haf. Buy
ing of ST. Paul was said to be in great part by
Standard OIL interests. Current gossip states
that the company's next dividend, TO be declared
Tomorrow will be on a per cent basis. The
regular quarterly dividend announcements for
Northwest, Sugar Refining and Manhattan were
factors encouraging speculative sentiment in the
mornings dealings.