New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-11
E(>NDS.
THE DAYS OPERATIONS IN SloON''

A,,,v,,v IN Yesterdays stock market Wa, o
rned n a small number Of ISSUES HP' 49,,
sentiment was more depressed Una" 81 III
few DAYS. and This with the apPsa''' -....,a
-. .ro,, sav,ral wel-known opeta'o''
- ,,,,,,,,,ior hv Washington houses ltu ~
lnyer prices throughout the !ls'' i@ .
n,.or were not pronounced and the piesS"''
soil MAS not sufficient TO cause any -.
,ion IN values Weakness IN me lo'''e" 49,
49,, wayne runoors regarding the nature o. -"
forthcoming report on the Maine eNP''''" 49,
Tho os,ensihle reasons for me ueV'''''"e
dency; but the fact that prices cioSeu az I0
vances on Wednesday ara NE u"E
,ur,,shed ADEQUATE reason for a turn on inc
short side OF the market There was ''' n.,o
dsnce Of good support on the decline feop''
~. Ugh, were generally identified with the
confessional element. whose operations We're ''i'
s,.,a, ,or covering purposes, or In the expec'a'
Il =, hsing able to sell on rallies similar u
,hoea y, tho first three days of the week. The
Temporary lul in war talk in the street has hol
baen ACCOMPANIED by any significant buying OF
secur,tles There is practically no demeno eN-
can. m severe breaks, when bargain hunters
come into the market.
The Chicago. Milwaukee and 81. Paul com
nony declared yesterday. In addition 20 lts reeu'
lar serni-annual dividend OF , per cent. an extra
dividend Of one half Of Der cent The opera
,,o,s l., c, PAM stock had discounted this an
,ourcen,ent az much as could reasonably be ex-
nec,ed IN such n market in the first three DAYS
NJ m. week SO that the official declaration was
without effect upon prices. Disappointment was
exnressed IN some circles that the company de-
eded 70 make an extra disbursement rather
than increase the dividend II Is not unlikely
that at the next dividend period the regular
distribution will be 2i2 per cont In when case
Yesterdays action amounts 70 a practical re-
turn Of the company 70 = per cent OASIS were
Il no, for Cuba and It's unfortunate possibilities.
ST. Paul stock would enjoy price considerably
higher than o. Indeed. the whole list would
move in response TO the splendid business CON
ditions that make increased dividends possible.
Rn, business conditions as market factors Will
have their turn some day.
London prices were lower at the opening.
and reports from that centre. saying that the
rnarke, was uneasy over Spanish-American af-
fairs helped the downward movement here
Spanish per cent bonds made a material recess
sion and near the close Spanish and Brazilian
stocks were sold heavily from Paris. London
sold IN this market in the early dealings, but
subsequently turned buyer taking a few thou
.and shares on balance In the last hour. fol-
lowing period Of extreme dulness the whole
list was sold down, leaving last prices for the
most active issues al substantial, declines as
compared with Wednesdays closing. burling-
ton. Kansas and Texas preferred. Manhattan,
Metropolitan Street Railway Missouri Pacific
Northern Pacific preferred. Northwest Omaha
Peoples Gas Rock Island. and Union Pacific
preferred all lost more than per cent. Amer-
can Topacco was q strong feature at net gain
OF la4 per cent, following an extreme advance Of
per cent on transactions. which We're larger
than in any other stock. bull pool was said
20 be working In the stock, and rumors were
circulated regarding Improvement In the affairs
OF the company. Manipulation was the real
cause of the advance.
Further new engagements Of gold for impOr;
were announced yesterday. and exchange rates
suffered another decline. Call money was easier
None OF these factors. however had any nnu-
ence upon speculation. Total sales in all stocks
amounted TO 2S2.1 49, shares
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BOSDS.-Sales. s24. 900 cou-
pom As OF 1925, ct l23a., Final quotations higher
as follows:
US. eI; d. reg 8s. Us -. 1901 reg llli- I2+s
US. 4s 1907. ree ll0ia Ill Us 1904 ll9a
Us Is 1901 cou.lt2 li3 Us cur. Gs 1890. io3
Us. IS. lo2a.reg 1871 l23sx Cher. Is. 1929 .lel
Us. 4slo25 cou.l23i, i2i DIST Of c. S-G5si