New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-20
TIE WEEKS OPERATIONS IN STOCKS


dull and stupid market is usually called I,
professional market. but II Is generally IN A
period Of professional trading that substantial
interests pick MP attractive stocks II Is the
commonly accepted opinion IN Wall Street ths,
the stock marke. viii enjoy active spring
bull period Nobody is anxious 10 express an
opinion regarding the beginning Of this move.
ment but there are not wanting certain sigma
that can reasonably be counted upon as fore
shadowing start at no distant period. In tar.
as far as the big mon are Concerned the move
nent has. It is believed already begun What.
ever may be the course Of the market between
now and the middle of April VIII matter littleo
the leading Wall Street operators, to the Flower
interests. to the Standard Oil interests, TO the
Vanderbilt interests and 20 other substantial in.
terests. for their lines are well secured. vhls
their belief in a coming bull market IS confident
The best men in the Street have been buying
stocks for the last fortnight and on any further
decline they will add 70 their holdings.
OF course. II gross manipulation. such tina.
witnessed In Sugar and Tobacco stocks, con-
tinues and extends TO other issues, the present
owners Of stocks may be forced 70 wait longer
time than now expected FOR legitimate bull
movement based upon public buying FOR the
public IS not likely 10 enter a market when u
sees that manipulation rather than intrinsic
worth Is the motive power underlying operations.
Sugar and Tobacco are grossly manipulated
stocks that should he left alone by honest trad
ers. The stock market presents large number
If attractive issues in which there Is leeitimsts
chance for profit. and which, II bought at the
current level and taken out Of the market as an
ac+uaI purchase. will be attractive sales al a
higher level some time IN the current year. bar
ring NJ course. developments OF the most az
traordinary and unsettling character when
the situation outside OF the Stock Exchange IS
carefully examined it Will be found thst al es-
sential conditions are favorable TO the holders OF
stocks and bonds. II would be extremely oll-
cult 10 find any factor upon which bear cafn-
pa.gn could be based, FOR IN all departments "
trade and finance there is absolutely nothing"
warrant pessimistic outlook
The investment field Is filed with des'rao,'
opportunities for the placement OF capitSI Ina
is especially marked IN the established o'vlus"o'
having stocks. and in the bonds OF rAlroa1'
that have recently refunded their bonded OUNCE.
tions in the bonds Of reorganiEed properties a"N
in the bonds Of railroads whose ouSlheSs "o'''
needed reorganization. The readJus'insh' u 'D'
Central Pacific and Southern Pacific enArs 10.
brought forth some new and attractive ssa'-
that should command popular approval In'
Central Pacific new 3Ms. for instance one'iHs
or thefr current rate an excellent chance l" So
cura an investment yield Of over per oen-
Those bonds are Internationally guaranteed .,
tho Southern Pacific Company. and are oeea
,,o, IN absolute security The strength OF NV
,oods f., rho Southwest lies IN the fact tha' INV
,,o,,rtr,, has grown I'D TO the mileage. and 'na'
instead OF building new lines oapltsi 10 oslNs =,
pended upon the roads already IN EXISTENCE -,
will be worth the investors atehuo"
49, co,.bu,ast As 70 money. there need Dc ~
- .h,. +bis centre Is 70 suffer from stringenc'
The higher rates prevailing at present are 0Ae'
upon temporary conditions, that af'er 'Ne .,'
week in April should disappear and De suo'ee.s.
by a period OF easy money, and as ''
quence. stock market activity.
The only unfavorable feature OF the cui'e"'
market is found In manipulation NV IA,
manipulation OF stocks may oe Yer!
oneration. and reflect extreme shre"uhes'
foresight on the part Of those engaged ~
transaction but IL can be of little beneh' " -
market in general while really posseSshs
pents Of great danger. The history Oh u
stocl, market corners" shows that they 0"
he conducted upon lines that Will streng'ne"
market bv attracting public buying. MSi''
tion NJ the character employed In adVsh''"' :,
depressing the price Of stocks. like Susa' ;,
Tobacco acts as a repelling force In rela"O"
the public's disposition on stock market speo'
to, Ar this period the effects of the IoDS's.
and Sugar deals may not bee as unfavorSOI
they would be in times OF business dep''ss
hut II is not unlikely that the operations e-@st
have driven intending buyers from me ne. ruds
while creating doubt and suspicion }" nv street
OF many people unacQuainted WIN" aboye re-
over the character Of stocks ana me" oxhaus,
proach' Manipulation. however VIII .,, and and
itself if continued Tor any length ol condt
when II has run its course ,F,rts are
lions will reassert their influence II - repe
made 10 attract the public. rather man " s,ocss
IT, the spring and summer specui',t,o ,, eoualled
should reach proportions never Deio'e