New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-07-06
BONDS.
THE DAYS OPERATIONS IN STOCKS.


Stocks were in good demand yesterday from
commission houses Substantial interests were
active in speculation. and foreign buyers We're
anxious to secure the issues that enjoy an In
ternational market The volume of business
was larger than any day in several weeks
Reactions on profit taking sales were small while
bear traders were forced to cover their con-
tracts on an advancing range of prices Call
money ruled at 51a@6 per cent the greater part
of the day. owing TO the calling of loans incl
dent TO July disbursements; but there was no
scarcity of funds available for speculative pur-
noses despite the fact that brokers were un-
willing to place the money at their disposal at
cheaper figures than the rates named. the
strong close in Saturdays stock market caused
the accumulation OF many buying orders over
the holiday and the execution OF these orders
Mt the opening resulted in a general ADVANCE
which was we'll maintained throughout the DAY
Railroad earnings received yesterday furnisheo
ADEQUATE reason for buying stocks, but COM
mission house trading was more strongly IN
fuenced by the disposition of important market
leaders TO work for higher prices
The granger shares were conspicuous feat
uras and in the afternoon dealings the anthra-
cite coal stocks were in active demand. Coal
trade conditions are improving every day. ana
IT is generally believed that the coal STOCKS
will enjoy a marked appreciation In market
value this summer The Reading issues ana
Ontario and Western are likely to become
speculative favorites. while Delaware and Hud-
son and Delaware. Lackawanna and Western
will in all probability receive marked attention
from investors 1t now looks as If the whole
list Of dividend paying stocks and the cheap
issues whose future appears particularly bright
vould make striking progress toward higher
level IN the course Of the next Few weeks on
a good outside buying demand. OF the cheap
stocks in yesterdays market Mexican Central
at q net gain of over l per cent was the lead
ing feature on buying. induced by the COM
nany's heavy gain in earnings and on the an
nouncement of the conversion of Mexicos for
e.gn debt by prominent banding interests Of this
city and Berlin. Mexico is nov enjoying an era
of industrial activity. and the willingness Of
American and German bankers to take the re-
public's new bonds on a 3 per cent basis as
against per cent basis for the old bonds.
reflects the improving credit and stable cond-
tions Of that country.
Sugar Refining and the industrias In general
were well taken the shorts in Sugar and To-
bacco being forced to do some lively covering.
Iron steel and copper shares were all higher.
In the local traction group Brooklyn RAPID
Transit was strong the satisfactory meeting
between the president of the company and the
employees Some Of the standard railway shares.
notably New-York Central and Pennsylvania.
closed fractonally lower on realizing sales Lo-
cal bear operators were active in covering IN
the granger stocks. and Western houses were
heavy buyers of ST. Paul. Earnings Of the st.
Paul company for the fourth week in June
showed the extraordinary increase over the
same time a year ago of S299 119