New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-06
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Prices for many of the more active specula-
five issues declined abruptly at the opening on
continued realizing sales and bear pressure nut
in the greater number of stocks decided nTfnhess
was noted This especially pronounced IN
the standard railway shares and IN some OF the
cheaper issues. After the first hour the general
~st improved under the influence Of good buy
ing and had II not been for a sudden jump In
call money in the last hour the closing doubtless
would have shown many striking net advances
AS it was the greater part Of the list made frac-
,ional net gains as compared with the preceding
days final figures. At one time call money went
as high as Is per cent the record for the year
hut time money remained unchanged, while the
actual situation reflected little else than the Ell
feet Of passing influences including HarAeu
discrimination on the part Of the banks against
certain industrial stocks as collateral Inc gen.
eral character of the days buying was excel
lent Many large operators who secured lhelr
profits in the opening advance on Monday were
buyers in the initial transactions. while num-
her Of brokers identified with important market
interests were active throughout the day Inc
Flower brokers were buyers and the Morgan
brokers were buyers.
In the railroad list renewed interest was d.
rected toward the standard shares by the re-
markably good earnings reported for the fourth
w
priced stocks. Mexican Central was again
feature on buving for the public and the IN
elders Perhaps the commission house traders
who bought this. stock were Influenced In part
nv the increase in earnings shown by the ROAD
for the last week of March. when gross earn
ines compared with the same time year ago.
gave a gain Of S1S,3s1. and for the month
gain Of S1O5621 Wabash preferred was also
an active. strong feature. There are vaiuaole
eouities in many Of the low-priced issues. and
stocks such as the two just named s.. Louis
and San Francisco ST. Louis Southwestern
preferred Southern Railway and Chicago Great
western are worth the attention OF the investor
who is willing and able 10 hold securities lor
long pull Rock Island, ST. Paul ana buIlihs-
ION Gained in strength and activity in the early
afternoon In the industrial list, Uniteu states
Ruhber common. United States Leather pre-
ferred and American Cotton Oil SOLD nlgher'
The local transportation stocks were active,
bpt interest in these issues was less pronounced
than II was on Tuesday Manhattan was weak
~ tho onening and heavy throughout the day;
also Third Avenue Brooklyn Rapid Transit
'bo,yev4r made net gain of nearly three points.
Railroad earnings FOR the fourth week III
March show heavy gains as compared WIN the
so,oe week year ago especially In the South
and Southwest Even the Western roads Whlch
bear traders apparently believe depend upo"
grain traffic for their entire business are max
ing most exceptional and encouraging eA"i'''''
rejecting not only improving grain shiphe"'s'
hut. what is more important, an enormous west
bound general merchandise movement. ms Is
the usual time Of the year for crop experts u
begin their work Of sending out depressing re-
norris for the benefit Of bear traders on li5e
stock Exchange and bull interests on the ! o.
nee Exchange Just now il is reported ina, tne
last month was most disastrous 70 winter
wheat while the backwardness or the season
has II is said. seriously interfered WIN spllne
seeding In these reports the fact that the acre
ace PLANTED is much larger than that OF year
ago is not mentioned while the experts ais -.
forget 10 state that the amount OF Wheat III
farmers hands Is large enough TO onset possIple
large losses in the harvest that may result iron,
anv one Of the many factors which so often work
against the growing crops People who BUY ana
hold the stocks OF the great granger ROADS need
NOT concern themselves over current so-calieo
advices about the country's agricultural pros
meets All OF these roads will make from pres
emf indications a record Of earnings IN lS'5 lar
ahead OF the splendid record established IN 1888