New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-22
BONDS.
THE DAYS OPERATIONS IN STOCKS

,>,soc.sons in Yesterdays securlues "ia'
49,, ,.n~a wholly professional. Prices move"
-.,,h,, narrow limits and operations were 0o'
$3.50 g., ereat part to the leading speculate
s.r,,os tho bulk OF the days business oeI"e
,,,aa IN, a few industrial and railroad slOoAS'
Co-oro,ss,on-house traders watched prices -i'
.ho chairs IN their brokers' Offices out .ooh AZ
ror, IN speculation. owing 10 the behel 'i"' VIZ
layer interests were working for lower qu
t,ons The larger interests we're not
the market. and the boardroom 'a'e"'
n-ac,,csllv alone in shaping the oou'
values Sentiment was bearlsh peCau97 ~,
nr,ces were desired but the effect OF '''is 'e"
=. az q market factor was not inpof ant III
,nauc,ng noteworthy declines. AS RUE i''
,,onal losses were made throughout 'he H'-
&c true that the people who nave solu '"
stocks want lower prices. ana tha' many
uc onerators are waiting for this hopeu-lo'
cline. but It appears that STOCKS arc
weak hands and that present hoiuerS uo NV
.ro - mart with their possessions at the cur
rent level if they can sell al better neu
IN Investors see no reason for selling ana the
". co., that co MANY people want to buy
stocks at cheaper prices is substantial evidence
=, Tho general confidence in the business si'ua-
At. ord the future Of market quotations.
:, & rou, fashionable in Wall Street 10 talA
-, Tho effect Of the stamp tax upon Wall street
trading NJ the influence Of the new Government
,oa, unon money and existing securities ana OF
tho unsettled condition OF the wheat rharhe'
and its dubious" future. All OF these topics
oro construed as bear cards. owing TO the lac'
that traders are anxious TO provoke liquidation
inst "a soon as powerful interests decide 10 ac-
cunouIate securities such factors Will De con-
strued differently, and the real factors war
wanting higher prices will again come TO the
rront IN market discussion. II IS noteworthy as
ragards the Government loan in relation 20 tHe
bond market that Yesterdays deahngs IN ponus
Irera on a larger scale than OF any day since tis
Government loan subscriptions were opened anu
tbat the demand was well distributed ana up
rarertlv reflected return of investment ouy-
ing The wheat market was stronger ana tne
ra1or. Of the worlds visible supply, showing d
DECREASE in the week OF 100000 bushels IN
European stocks. materially improved the I'M
mediate outlook for wheat ana IL was lihPo'
tant as rejecting a probable continued demand
from Europe between no" anu 'ie ''i'' 20 49,
new harvest. ~ x.,-
, Tho money market remains easy, with heavy
nressure OF lendable funds. Tme-money rates.
which were lrmer following the new Govern
noent loan announcement were tribe lower
Yesterday with no immediate prospect or hlgher
ystas The various favorable features OF the
DAYS news, including the publication OF the
baltimore and Ohio reorganization plan. hao no
appreciate influence upon stock market trad
ing Early losses succeeded by nrmer
tendency In he afternoon. due 10 covering py
The short interest Western Union was a firm
feature: also Missouri Pacific, Chicago Great
western Consolidated Gas Hav allan sugar
and Pullman Palace Car. Final changes we're
small, with fractional net losses in the greater
number Of issues