New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-02
BONDS.


The stock market was strong and active in
the two hours Of trading. Increased confidence
in the money market situation again IN i'm
portant factor in creating bull enthusiasm
among the rank and file OF the Street and this
exuberant sentiment was not depressed by
bank statement which showed loss OF So OG2-
80 I'm surplus reserve and S3,S9G.Ooo In cash
holdings II was generally believed that the
exhibit would be the last poor one for the sea-
SON and that with the settlement OF April dis
bursements money would again fall back to the
easy figures prevailing in the January market
Expectations Of an immediate return Of easy
money may not be fulfilled this week. but there
is no reason to look for a continuance OF the ex-
listing level beyond April 10. when money should
begin to come TO this city I'm considerable guam
tity. And the reserve ought soon to be increased
by the buying OF exchange in this market, Incl
dent to the payment Of the Philippine indemnity
Sensational advances on an enormous volume
OF business made by Manhattan and Fed
eral Steel while on lighter transactions inn
portant gains were made by Peoples Gas. Sugar
Refining and Third Avenue. An interview with
Russell Sage. in which II was intimated that
Metropolitan Street Railway interests had
offered TO buy his Manhattan holdings at a
price we'll above the market level. apparently
convinced the Street that Manhattan would soon
pass into the control OF the Metropolitan, while
II was directly responsible for rapid covering
movement by the shorts and enormous commits
sion house buying. At time the stock sold
fifteen points above its closing on Thursday, and
at the close It showed net gain for the day OF
nine points Federal Street. which supplied
nearly one-third Of the total dealings In all
stocks was bought on the announcement by
prominent interest In the company that dWi-
dends would soon be paid At the opening trans
actions IN this stock amounted to about fifty
thousand shares. while before the close its
price touched 1884. net advance Of nearly six
points for the day and eighteen and a half points
for the week
The general railroad list was firm throughout
the day. but the stocks named, with Brooklyn
Rapid Transit. monopolized speculative atten-
ton The rapidlty OF the advance this week
and the increased enthusiasm among public
traders will make to-mOrrOw's market most in
teresting but it may be that after opening deal
ngs values will go lower on proht-taking sales.
According TO the opinion OF the more important
interests. stocks purchased on any such reaction
will show profits before the end OF the week,
barring adverse Developments but all traders
ought notwithstanding the bullish prospect, to
provide big margins. The market has advanced
steadily for two weeks and after the extreme
advance I'm some issues declines equally as sharp
may be engineered or take place as the natural
result OF technical market conditions. The bank
statement does not indicate an easy money mar
ket this week. but the fact that loans show only
a small increase seems according to the traders
view sufficient reason TO buy securities
The usual weekly table OF price changes OF the
active issues follows: