New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-27
BONDS.
THE DAYS OPERATIONS IN STOCKS.

THE DAYS OPERATIONS IN STOCKS.
The stock market was strong and active the
greater part OF the day, with transactions well
distributed and public buying more in evidence
than on any day in several weeks. further
declining tendency in the money market and
more encouraging crop reports induced renewed
buying for both accounts, while inspiring in
creased confidence in all quarters Of the Street
in the belief that conditions essential to an
active bull speculation growing stronger
every day. In the bond department additional
evidence of an active speculative and invest
ment demand was furnished by the record OF
dealings which in par value amounted TO above
81 600 600, transactions taking place in III sep
arate issues When the bond market is active.
when capital begins to move into this form of
investment security. and when holders OF bonds
are unwilling to sell their high grade issues,
their confidence in the stability of financial
commercial and political affairs is strong. and
bear traders in stocks can find little excuse FOR
selling short. 1t is reckless to assume that gen
eral liquidation will come AT a time when there
is absolutely nothing to provoke liquidation.
Why should any sell his investment stocks?
The granger shares were strong features in
the early trading and the railroad list in gem
eraI was firm on a moderately active volume
Mexican Central made sharp advance on buy
Ing by important market interests The ad-
vance in the price of silver also helped the
stock. while for the same reason Denver and
Rio Csrande issues were in active speculative
demand London bought Mexican Central, and
IL was reported in the Street that the control
OF the road was being sought by powerful local
and European bankers who intend to become
actively identified with the industrial progress
in the Mexican Republic The advance in the
price Of silver and an increased foreign demand
for the metal will mean much TO the Mexican
railroads; but as yet the higher price for silver
gives no especial evidence Of permanency, while
the enormous supplies in this country will come
forward too rapidly, it is believed, by some
people to make material further advance
possible. Great expectations. however, are
placed in some circles in the Shelters Trust.
Norfolk and Western issues and the Vanderbilt
stocks were strong also Brooklyn Rapid Tran
sit and Pennsylvania The industrials were
somewhat heavy. and in the last hour a break in
the anthracite stocks caused general reactions
throughout the list. Recessions, however, were
not important, and at the close there were
more net gains than losses.
The remarkable earning capacity OF the South
ern Railway Company is reflected in its
been most promising. Compared with the third
week in April last year. the company shows
for the third week of the current month an
increase in gross returns of $41 033. and for the
fiscal year to date an increase of S2,O42909. II
is not unlikely that for the full year earnings
will show a gain in gross of S3OOOOOO. and a
sufficient increase in net TO warrant the placing
of the preferred stock upon per cent basis.
Louisville and Nashville and Southern Railway
are Southern companies that reflect the inf1u-
ence of able and conservative management,
while traversng sections Of the South which
are populous. and in which industrial activity
is making rapid strides forward The market
values of Louisville and Nashville and South
ern Railway preferred must In view OF the
present financial condition Of the respective
properties and the brilliant outlook for business
expansion in the South. appeal to the intelli-
gent investor as selling below actual worth.
And in the same class with the two companies
named although in different part of the
country may be mentioned Union Pacific. whose
preferred stock is destined to become one Of the
representative American investment securities.
Louisville and Nashvilles earnings reported
yesterday, for the third week in April showed
gain OF $4,000 over the same time last year.
Atchison for the month of March gave an in
crease in net earnings Of over $4,000.