New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
BONDS.
THE DAYS OPERATIONS IN STOCKS

7, the New-York Central leases the Boston
and Albany, the vanderbilts ana the
identified with the so-called Nanoeroh' lo"u'
will practically control through line HoiN D'
non and New-York TO the Pacinc Oo"S'
Through ownership of securities the Na"ueiO
,artv exercises the dominant influence III wv
Union Pacific and. while II has been oenleu 'e
,eatedly that there is to he an actual ai''o"0'
between the New-York Central. Lake "ho'e'
.,cortbuest and Union Pacific systems II IL gen
orally believed, however that such at ailia1''~
.s slowly being perfected Talk OF Trans
oo,+t,erta, railway under Vanderbilt manage
Ynent always helps the STOCK n'arAet
,,,gba, prices. In yesterdays trading the report
that the New-York Central would lease TOT roo
...or. the Boston and Albany naturally aroused
,.nswed interest In the transcont'nental railway
-,,r,ors that refuse 20 be silenoed' and as
.a.ovance there was increased buying OF
,y..,-york Central and other Vanderbilt Issues
O,,+sida NJ future developments affecting these
.,oots they can be confidently bought AZ the
,rxert level on their merits. Possible changes
.vor,ine q closer alliance between all the van
derhin properties, including Union Pacinc anu
Northwest will serve to increase the actual
worth of the securities but no one neeo iee any
hesitation in investing in them at ruhne quo
.ations London was an active buyer OF view
~, r,or,rel and Union Pacific. while all OF the
International specalties were In good demand
Arother factor that contributed to the days
,r,srd movement was found in the returns OF
railway earnings for May, and Tor the 'hnu
1veek in June. Increases in net earnings Vi
s1o1 mo by the Wabash $4,000 by the ERE
Sh4 600 by the big Four ana SoVoVV ny
Atchison, together with total gain IN gross
earnings Of 1886 448 for twenty nine companies
in the third week in June. should be sufncieh'
"a convince the most sceptical bear OF the eX-
+raordinary conditions prevailing In the business
s,tpation. and the danger of being short OF
stocks at such a period. And II is evident that
+n,s d,sp,ay OF earnings llh beginning to exert
an influence upon traders sentiment. The con-
slant piling UP Of favorable market FACTORS
must eventually cause sharp appreciation IN
securities values despite bear uneasiness over
gold exports that represent nothing but Foreign
borrowing in this country. tr1pe hrmer Ten
III ldency in call loans yesterday was DUE no
doch, 70 gold exports and the shifting Of loans
incident 10 July interest disbursements. out
there was absolutely nothing in the situation
that foreshadowed permanent higher money
rates Any material temporary advance IN
rates will check gold shipments
Realizing and renewed bear pressure In the
,rdustrials caused reaction IN the afternoon
from the best prices, Dut' 10 d iuicp iSN s'N''''
were shown at the close. Brooklyn Rapid
Transit was sold on talk OF a possible strike
among Brooklyn Rapid Transit employees
Sales however. were readily absorbed by q
good class Of buyers The effects OF the recent
stock jobbing Of the American Steel and Wire
management were reflected in further pressure
on Steel and Wire shares. and In Continental
Tobacco continued bear pressure carried the
\ price down points. The industrtals, as a
d rule were lower at the close. while the rail-
road list showed many striking gains. Crop re-
ports received yesterday were encouraging. Ad-
ditional evidence showing that the Western
farmers fear no crop shortage is furnished in
the report OF grain deliveries at Chicago for
the week ending Saturday Total receipts
amounted TO 6.501. 600 bushels. against 1851 900
a year ago, and 4354OOO in the time IN
1897
THE DAN'C OpER ATOMS IN RONDS