New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-04
BONDS.
THE DAYS OPERATIONS IN STOCKS.

THE DAYS OPERATIONS IN STOCKS.
The disposition Of operators In stocks 10 re-
frain from speculation pending the result OF the
inquiry into the loss OF tho battle-ship Name
was marked N Yesterdays market Outside o.
the transactions Of the board-room traders there
was practically nothing doing. but In the an
sence OF disQuiet.nS developments regarding the
Cuban situation prices Of the majority OF stoc"s
slowly recovered a part OF Wednesdays decline
The advance. however. attracted no outside BUY
ing nor aid Il induce important pront-taKihs
sales from people VINO recently picked UP Stocks
at lower level The floating supply OF STOCKS
has been materially reduced by foreign buying
and by the accumulation by strong interests III
,area quantities OF the share9 thrown on the
marke. in last weeks break; and until nquda-
ZION from either of these sources takes place
the chances will favor dull market and STEADY
market. Many conscrvatire people apparently
believe that the situation warrants the holding
O. securities FOR higher prices. II they can ar
ford TO stand the ruGe shocks which prices may
h. Subjected TO before the Cuban matter Is set
ted their position is sound. for the future OF
values is certainly most promising. For this
reason there are many operators who are anx-
ious to buy on every break
London was not factor IN the market Oi
the London Exchange prices were irregular ana
somewhat unsettled on lack OF support from
>,cv.-Y York. The Bank Of England mace no
cnance III its minimum rate OF discount at the
weekly meeting OF the directors. but foreign ad-
,.ices reportad strong probabilities of an advance
INST as soon as the demand for gold from this
ctntr. should become urgent At present the
exchange market shows frTner tendency
owing 10 the gold already arranged for ana 20
the cessation o. foreign buying OF securities
here and unless the needs OF the local money
market require additional imports of gold 1t IS
rot likely that the movement will be continued
The surplus reserves Of the New-fork banks
a~e annl. 70 meet all demands barring Of
course another war scare. or actual hostllties.
Receu; DEVELOPMENTS at Havana and Washing
ton nave ovcrshadowed the splendid business
conditions throughout the country. and the fine
showing made by the railroads has received H.
lie recognition IN Wall Street. Gross earnings
IN February were large enough to insure graft
rvinc ne, returns for the month. January state
roents have been excellent as reflected in the
returns Of the Burlington. Louisville and Nash
VILE s.. Paul Canadian Pacific. Erie, North
ern Pacific and many other companies.
The encouraging reports Of St Paul for the
fourth week in February and Of the gross earn
.rss If Rock Island for the month strengthened
bun sentiment on the properties in yesterdays
market Traders who worked for A rally were
inclined TO give some attention 10 traffic returns
and the advancing price tendency proved an eff
fectual Offset to various new fake reports re-
spect.rg the Cuban question. The defeat In the
Assembly on Tuesday of the bill exemptng
steam railroad corporations from the provisions
Of the Stock Corporation law did not have a
material effect upon New-York Central or Lake
h,fn rc
the close Of business that the bill had been re-
considered and passed rally took place in
these stocks we'll in the rest Of the list.
AZ the opening New. York Central sold off
y per cent 10 1922. hut closed at net gain
OF IL per cent. Sugar Refining which contrib
uted nearly one-Quarter Of the total business.
was strong reports-subsequently denied
that an agreement had been reached between
the company and the Arbuckles. In a dull mar
ket Sugar stock Is star feat; IRE. and from
on numberiess rumors about the company may
be looked for After the early dealings irregular
ity Developed with considerable shifting Of specu-
.a;ive attention from one side Of the marke. to
the other without decided price movement in
either direction In the final dealings the gen.
cral course OF values was toward higher level
with last prices for mos. issues at net gains.
Manhattan end Metropolitan Street Railway
were dull without special feature. The Changers
were also dull. Peoples Gas strong The
market was indifferent to the report that the
Administration had received preliminary state
rnent from the Maine Board OF Inquiry stating
that the explosion had been due to external
causes