New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-20
BONDS.
THE DAYS OPERATIONS IN STOCKS

The stock market was strong in the greater
part OF the day small volume Of business.
Transactions, however. were we'll distributed.
with increased dealings in the railway stocks
at the expense OF the recent speculative ia
vortes among the industrial and local traction
issues The same broadening tendency
noted in the bond department. where. on mod
.erately large business, total Of 100 issues were
dealt in The general market is acting in
promising manner On all reactions a good
class Of buyers appears, while important in
terests apparently are quietly picking up securi-
tics in expectation of big bull speculation In
the coming summer Conditions in the indus
trial and financial situation certainly warrant
optimistic predictions
In Yesterdays dealings the anthracite coal
stocks moved under the influence OF good buy
ing. Certain prominent speculative interests
have been accommodating the coal stocks in the
last few days. and 1t is their intention to make
these issues active favorites within the next
fortnight IL the public be induced to come
into the market The coal trade has been ma
terialIy improved by understanding among
the several companies to maintain the business
,lpon a stable basis while the individual COM
panies have been largely benefited by the sea-
sonable weather of the last winter Delaware
and Hudson is scheduled for much higher
price also Jersey Central. Ontario and Western
and the Reading issues. 1t will not pay to sell
the coalers short. nor. in fact any stock on the
list for more than quick turn. The granger
shares may not move much higher at present.
but unless some real adverse development az
fecting stocks in general arises the western
securities will not return handsome pTohts TO the
bears Crop reports doubtless Will cause small
declines in the grangers at times, but these is
\ sues are too strongly held 70 make bear cam
A paign successful. People who hold stocks are
not selling There Is nothing to induce them
10 SELL and until investors lose confidence in the
situation the market cannot remain depressed
for any length of time. Temporary downward
movements should be guarded against by gen
erous margins Many conservative men advise
their customers TO buy cheap stocks Of merit.
which cost little to carry. and which eventually
must sell well Pbove the current level STOCKS
like Chicago Great Western, Wabash preferred
and Mexican Central promise handsome ne
turns.
In the late dealings profit taking and bear
pressure caused reactions throughout the list.
with last prices showing more net losses than
gains Although the Governments weekly crop
report made a favorable exhibit Chicago dis
patches in the afternoon said tnat the crop
situation was most unfavorable. Anybody who
puts the slightest faith in Chicago crop reports
deserves to lose his money. Chicago Is notor-
GUS as a centre for the dissemination of misin-
formation regarding the crops. and II stock
holders operated upon Chicago tips there
would soon be no bull accounts left in wall
Street. But i'm justice TO Chicago. II must be
said however. that some of the reports sup
posed to come from experts in that city are
manufactured in the bear camp In wall street
People who hold stocks and believe In the pros
perty OF the United States should watch me
railroad earnings now coming TO hand or
twenty -eight roads reporting yesterday FOR the
second week in April twenty returned gains o!
$3.50 500 over the week last year ana
eight losses of S29I41
THE NAYS OPFR ATOMS IN BONDS.