New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-04
BONDS.
TUE DAYS OPERATIONS IN STOCKS

,.,or q weak opening the stock market oe
anna strong. and until lAe close ruled d' Heu'.
I'LL above Thursdays best quotations l" 'i'e
Ter number Of issues advances OF per ceii'
I'D above were made from the 10" pV'"'7
raocbed in the early dealings. and "hie 'n7
h,,,ine nressure relaxed soon at'er NOON '''
s,,bsaoueut dealings were transacted upon
nr,ca level that showed only snlaH
from the highest values of the DAY -"
- ,a,l, statement to-day was apparently
-, 80 than if was on THURSDAY put 'he
-. ~, of call loans to Az per cent tehueu
90 re,,ress commissiOn-hCUse interest ''"'
,.tsa might have been attracted Dy '"e
uvhih,tion Of strength that was SHOWN 'nioOe
ont the list The money market Is sur
s., conditions that preclude the possipiA''
i,eant rates and if any trader INTENDS - 90''
..ools short on he theory that there Is 10 De
aoorc,t1 If money ne will likely ma hlihse1 '''e
,- nv the operation Influences 'ha' WI
,rihute 10 stock market irreguarllE are i'0''
4, The seeming uncertainty ana eNlue"'
rance Of some people as to the money MAJ ~
.ba desire Of many operators 10 DFlhs "O0U'
,o,Ar level Of values and the disposiuo" u
., the larger interests to permit Iur'"'i u
cline in actual technical market corui''o
IN the usual appearance at this peilou u Pe7''
ALI
The factors cited may lead 10 iur'hei u'''''
IN values before the bull movement Is Iesuii'e0
- .0ts rroves 10 be the case. the losses in good
stocks should not be large ana Wen
.s,a,,os shouId not be sacrificed. The snort
interest cannot reach any cohsioei' ''0
-.,,bou, tonpling over while prices cannot pe
sold down to great extent VII" "O'0'u'
,o,bi,g IN the outside situation to encour"se
,,,.a+,or 4 speculative readjustment or
,a,a,,gs has been in progress throughout inc
-, The advance Yesterday reflected III great
-. ,,reasiness on the part Of the shorts ana
en- annreciation in the bear camp OF the eA-
80 danger Of an oversod market in days OF
increasing intrinsic values In Atchlsoh pre-
eorred burlington and other good ralIoau
sto,ks the demand from the shorts was hedNS
while a further advance in the hdHlp
American Tobacco stock presented aool'io""'
evidence Of the danger in selling snort s'ooN
controlled by powerful speculative interests
1he enormous business doing in the iroH ana
a,aa, industry was directly reflected IN the Gu
oral Steel issues. which were extremely active
ond very strong Federal Steel preferred was
,,ooaa unon a dividend basis at the meeting OF
The directors yesterday Ia per cent quarterly
heine declared. No action was taken upon the
common stock. but Ex-Governor flo"eI' J" "
published interview, SAID that current - a
NJ earnings for the year showed that the Iu'
ner cent on the preferred would be earned !"
Ave months and that at the present ra'e oi
gain in earnings over per cent would be earned
,r 1899 on the common. The feature IN the non
and steel business in February was the rapio
advance in prices. resulting from an increased
demand. which. according to trade reports was
greater than all the works in the country cou'o
supplv. Besides the reflection Of prosperity
noted IN iron and steel. the textile MARKERS pre-
cent further evidence Of the progress making II
the country's industrial activities. Inc oeiiiai'
for cotton and woollen goods IS growing ai''
nric4s are enjoying corresponding gam
sharp decline IN sterling exchange 'oof
place Yesterday, and it is not unlikely that S'ocf
market sentiment was favorably affected by 'hi'
development