New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-05
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market moved under the influence
OF heavy realizing sales by local operators and
commission house buying for the account Of the
so-caled public. These contending influences
naturally caused extreme irregularity In prices.
and as rule the advantage was on the side
of the advocates of lower values. In the issues
that have been leaders in point OF advance de-
clines were pronounced. especially in Sugar Re-
fning. Brooklyn Rapid Transit. Federal Steel,
Manhattan and Third Avenue: but in the gen.
eral list recessions when made. were small and
significant Of realizing sales only. Profits made
in the stocks named were not allowed to remain
idle, however for other stocks that recently
have been neglected were taken up and adj
vanced, in consequence Of which the speculative
interests connected with Leather preferred. the
anthracite coal shares and Continental Tobacco
were able to attract considerable attention 10
these issues. The market whole was I'M
der pressure from the professional element
throughout the day. but short sellers were not
at all confident of their position as reflected in
the frequent covering movements. In the last
half hour the bears became aggressive. and in
the absence of support in many Of the special
ties and recently bull manipulated shares de-
clines were easily brought about. The close
vas unsettled. with prices near the lowest level
Of the day.
Avenue stocks advanced sharply on public buy
ing and manipulation inspired by the traffic
agreement between the two companies. The
strength was not sustained. however. rush
of realizing sales set in that carried quotations
under Mondays closing. while continued profit
taking and bear pressure left the final price of
Manhattan at a net loss Of nearly four points,
and Third Avenue at a net loss Of eight points.
METROPOLITAN stock was sold down at the open
ing on the theory that the company's trafhc
business would naturally suffer from the Man
haitian Third Avenue alliance. Perhaps the
continued strength of call money also induced
bearish sentiment In to-day's money market
call will be made for funds in connection with
financing the American Smelling Company. IN
volving about 100000; but the influence OF
this transaction should rapidly disappear. while
after this week money ought 10 SHOW pro-
nounced signs of relaxation. The monetary out
look is promising and no one should become
alarmed over higher rates caused by passing
influences.
The activity in Mexican Central stock has at
tracted considerable attention in the last few
DAYS from brokers who are accustomed to in
vestigate the merits Of property before buying
its securities AS a result Of the investigation
Of the Mexican CentraIs current earnings ana
prospects a number Of important market IN
terests have become extremely bullsh on the
property and they are quietly accumulating
the stock TO sell at a much higher price. Mex
tcsn railroads are handling a heavy ratnc move
roent al present and # IS not unlikely that the
securities Of all the Mexican lines will enjoy
noteworthy appreciation in price IN the current
year.
THE DAYS OPERATIONS IN BONDS.
o,,-1>-,,r>r pONDS- Market strong Final