New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-30
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market retained oil the character
stics Of bull speculation. despite general
reaction in the afternoon. In view Of the ap-
proach OF a triple holiday following three days
Of advancing values disposition 10 close spec
Native accounts was not unnatural, but bear
srgressiveness in certain parts OF the list was
"a, effective in causing any noteworthy declines
IN values Continued talk OF an impending
strike on the surface roads in Manhattan and
BROOKLYN was again the chief weapon of the
hear contingent in efforts 10 depress the local
traction stock and doubtless the operators
for the decline expected that success in the
traction group would be followed by sympa-
,be,ic movement elsewhere in the list. AL
though bear pressure was exerted to its utmost
limit results accomplished were Insignificant
The bear party has distributed so many fairy
tales in the last few weeks IN the hope Of off
setting the influence Of powerful bull leaders
that the Street and the public in general appar-
emily are beginning to accept current bear
gossip at its true valuation 1t is not denied
by the officers Of the Brooklyn Rapid Transit
system that labor agita5ors have recently en-
deavOred 10 cause dissatisfaction among the
employees Of the road, but It is most emphatic
allv denied that these agitators have been sue
cessful or that there will be any labor disturb
ance on any line OF the Brooklyn Rapid Transit
Company
A good-sized short interest exists in the local
fraction shares chiefly in Brooklyn Rapid Tran
sit and Metropolitan while elsewhere in the list
the short account Is still heavy. 1t is extremely
unfortunate for the operators for the decline
that they have delayed covering their contracts.
The more important market interests are now
absolutely In control OF speculation. and unless
some occurrence Of disturbing character takes
place the last-named holders certainly will not
part with their stocks at the current level or on
any temporary decline that traders may be able
10 bring about. The outlook is gloomy for the
shorts. Further engagements of gold that Will
represent nothing foreign borrowing in
this market, and possible higher money rates
incident to the preparations making for the
July interest payments, viii not encourage iqul-
datiop of well-held Tong stock" Call money
advanced TO & per cent yesterday, after the
greater part OF the days business had been
done al 3l2 per cent: but the effect upon stock
market values was not important And an en-
gagement Of S2,000,OOO gold for shipment 10
France was without influence upon speculative
or investment sentiment.
London again was heavy buyer In this mar
ket and prominent local interests took moder-
amounts OF their specialties. The reaction
in the afternoon found good buyers for every
share offered. Rock Island was a strong feat
ure throughout the day. while the railroad list
in general reflected good support. Realizing In
New York Central carried the price Of that
stock down one point and in several other in
stances final changes showed losses Of per
cent and above Louisville and Nashville and
Southern Railway preferred were both firm
features The industrias were irregular at
small net declines. A feature Of the day was
furnished by the bond market. in which trans
actions were we'll distributed with advancing
prices
THE DAV.c Onr-p ATTONc N pONnC