New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-28

THE DAYS OPERATIONS IN sToChS'

Tho stock market enjoyed a day or aoVai0ii's
yaiues and expanding business on a No'u"'
,rensactions that amounted 10 more IMAM
million shares Indications last "eeN ''''''
-, = ,,,ora active and higher market. anu
after the publication Of the bank s'a'''i''''
Saturday all doubts and uneaslheSS ">V' VIZ
-, market were brushed aside. in coise-
ouence of which sentiment became assIeS9i. o''
buIlish and public operators began - S'" 81"
,beir orders to buy at the market OH Nio'N"'
warming The result of this heaVy llioN "a
local and out-of- town orders was renec'eu 40
charm advances at the opening anu "'"''
realizing sales by the operators VINO ac'u
,ated their lines at the preceding weeks io"o'
level The last-named interests, however uou"'
- u.,u hpv back at a higher level the same
stocks that they sold tor It is not likely tna' inc
oct,vitv witnessed yesterday will flicker out III
49,. or that prices will react materially Just
a. nresent. OF course. violent upward nuc'ua-
go NOV. No followed the same day by declhe
equally as marked but barring adverse ueVe'-
orroor.s there ought not to be. according 10 '"e
,oost conservative men in the Street a shaip
:. ,ro+racted setback in values for some tlhe u
come. e. =, Vas
Eedera1 steel common was the feature IN yes
tsrdavs market especially at the opening "hei'
., sales Of twenty-five thousand shares II au-
,arced from &c to 90. Its subsequent reactions
c,ere small its close being at the best hgures VI
the dav. II was said In several WeH-"loI'neu
circles that Federal Steel would be seconu
Rrooklvn Rapid Transit in point OF advance anu
as the Flower interests were active buyers Oh
the stock. every one was anxious 70 get H.
Federal steel common has greater SPECULATIVE
possibilities than the preferred has for i'll '"e
matter Of dividends the common Is not resUl''e"
% any stated amount after the regular " per
rent has been earned and paid on the preIerreu'
and The fact that the company is now earning
moro than Is per cent on the common makes u
an attractive proposition TO the speculative
mind The stock. however. IN its upward course
IS likely to fuctuate widely, and Dig margins
ought therefore to be provided. sugar Kehhlhs
Of theindustrals was heavy but elsewhere al,
vances were generally made. The so-calleo
Flower stocks were leaders throughout the "a!
Peoples Gas and Brooklyn Rapid transit maui
new high records. as did also metropolitan
street RAILWAY. After the first hour lrauers
worked for a reaction. but the buying was gen
eral. and SO good that IL more than Offset th'
selling hy the professional element
some of the low priced stocks were moderately
active and points were put out to watch th'
issues OF the Southwestern group or roads. i
Nyould seem that all Of the companies IN tn'
Southwest are entitled to higher prices on thel
merits. especially Missouri. Kansas and Texas
which has not shared in the recent upward
movements. and ST. Louis ana san FRANCISCO
The fact that the last-named company coh'toi
the traffic business in oklahoma Territory, whi
outside Of that section II has a mileage or owe
thirteen hundred miles through region ina
has grown up II this mileage VIII doubtes
receive a marked recognition in the company
securities at no distant time. OF the cheal
stocks Chicago Great Western was an actiV
feature II is stated semi icially mat TINS com
many Will pev - per cent I'm July on its preferre
4 stock and - pr cent in the following Janu
airy. making # a per cent issue, and that mex
year dividends Will be begun upon the preferre'
y stock AZ the rate Of ? or ! per cent 1t i
thought that the roads Omaha extension, worl
upon which will begin this spring Will enabl
the company to pay dividends on ITS commo
stock In the late dealings call money was ad
vanced TO per cent. but the effect upon stock
was not important