New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-23
THE BOOM IN STOCKS.
A GREAT WEEK LOOKED FOR IN WALL
STREET
BELIEF AMONG OPERATORS THAT 1T WILL
BE A RECORD D-BREAKGNG oNE-CoNFI-
DENCE OF TIE PUBLIC-NEw-YORK
CENTRAL AND MANNATTAN.

CENTRAL AND MANHAllAN.
In the opinion OF nearly every person inter
ested In the stock market this week viii see a
new mark made In Wall street II is expected
that there Will be even higher prices and a
greater volume OF business than last week.
Certain conservative ones have shaken their
heads and issued warnings that the market was
rising too swiftly to he safe. but the bull fever
seems to be in the veins OF almost every one.
Last week broke all records for the volume OF
business done. for the prices attained and for
the seemingly inexhaustlble stream of money
that poured into Wall Street from outside seek
Ing investment. The public is buying. and buy
Ing heavily and when the public goes into the
market strong and confident there is bound
to be boom. The few men who have tried 10
stem the tide have been whirled aside while
the mighty wave rolled on. and now they too.
rule. have ceased To try 20 batter down
prices, and have Joined in the strong upward
movement. helping to carry things on. There
can hardly be found a voice that is not raised In
predicting higher prices, and there seems to be
no belief anywhere that the market has reached
Its level There was prediction week ago
that the highest point had been attained, but
the market took another squirt; and, consider
ing the strong and aggressive close on Satur-
day, with the buying orders which accumu-
the large operators that the market would open
strong this morning. with prices buoyant and
buying active
From those who most deeply Interested
In the market comes the prediction that this
week will see interest largely centred I'm New
York Central and Union Pacific. as II was tow
ard the end OF last week The Tribune yester
day printed the report OF a gigantic consolida-
tion Of the New-Yort Central. the Lake Shore,
the Chicago and Northwestern the Union Pa
cinc and the Oregon Short Line. with the New
York Central as the parent company. II gave
the details OF how this consolidation would
probably be effected, and told OF the signlhcant
conferences that have been going on between
Mr.. Vanderbilt and the officials and stockhold-
OF the various companies Interested. No
actual confirmation OF the rumOr could be se-
cured yesterday but from many sources came
semi confirmation. The activity OF the stock of
the New York Central and the Union Pacific
has impressed those used 20 Wall street anairs,
and many people believe that such cOnsolida-
tion IL practically decided upon. The Tribune
pointed out that the belief was general mat II
this consolidation were effected it would benefit
the stock OF the New-York Central and possibly
place It upon an \ or 10 per cent basis.
Manhattan, the traders say, VIII also be the
object OF much interest and attention this week.
The Street is full OF rumOrs about the equip
ment OF the road with electricity. IA traffic ar
rangement or consolidation Wltn The Metro
potan and other projects All q these may
be taken for what they worth. Mr. Sage
says that plans are under way 70 provide an
electrical equipment. when 1t can be done salts
factorily. and denies that the Nanderbils are
trying 70 get control of the road, or that the
Metropolitan Is 10 get Il.
For these reasons. and many others. the trend
~ business on the stock market this week VIII
be watched with interest. and many sagacious
operators were saying yesterday that this week
would eclipse everything in the history OF Wall
Street