New-York tribune., 1899-07-28
sEx dividend.
BONDS.
rHn DAYS OPERATIONS IN sTOCKS.

The stock market again moved under the in
euence of traders operations supported In rev
stocks by buying from interests identihed WIN
the properties concerned. Prices moved "itriii
narrow fluctuations showing at the close stiai'
net gains in the gSeater number OF issues IL Is
a noteworthy fact that the best part oil current
trading is in stocks Of excellent character AS
an indication of the actual worth or securities
and the chances for further market improve
rnent in the high priced issues. the puyine OIL
.,ooLs such as St Paul, New-York Central.
ipennsvlvania and Rock Island Is signlncah''
Upward movements in these issues have not
,been taken advantage Of by substantial inter-
.sts IN mart with their stock on the advances
rbere has been no noticeable pressure to SELL
Tn fact every advance has been met by great
scarcitv of offerings. So far as the public Is
concerned-that is the buyers who make DIG
hull speculation possible-the appetite Tor STOCKS
IS Door but whenever public buying does take
place great discrimination in the matter OF pur-
chases is shown. When the money market De-
comes more settled the public doubtless Will be
encouraged by bull leaders TO distribute It's at
tention throughout the list, especially IN the
cheap stocks.
speculation promises to become active in the
low priced stocks of merit just as soon as the
general market moves out Of the dull rut IN
which II is now resting In the last few days
.hese issues have exhibited some signs OF life.
notably St Louis Southwestern, Missouri Pa
riAc Missouri Kansas and Texas and Wabash
,,,referred Chicago Great Western St Louis
and San Francisco, Chesapeake and Ohlo Sou'h-
-ern Pacific and number or other issues thdI
have been neglected for a long time should
reach a higher level, owing 10 the increase IN
their actual worth The companies noted have
been spending large amounts Of money IN I'M
movements the result of which will be seen IN
6 lower percentage Of operating expense to earn
ings Earnings Of the companies named nave
shown heavy increases for the last two years,
and from now operating expenses SHOULD oe-
crease TO an extent that will admit Of greater
dividend possibilities Buying of St Louis South
western by Flower interests leads the Street to
beljeye that the control OF the property. despite
denials by the Gouds, is passing into the hanos
of Rock Island and Chicago and Eastern limos
interests The St Louis and San FRANCISCO
which was formerly a part OF the Atchlson sys-
fem has been mentioned as a possible future
Flower road, although its market movement mas
shown no indication of a change in control 1t
can be said however. that the so called Flower
party thinks well OF the property. and owns, un-
less II has recently sold, big block OF the COM
dnon stock
The general market ruled firm the greater
part of the day. but there was no increase In
the volume of business as compared with the
other days of the week. Special movements III
certain stocks. as in Lake Erie and Western,
caused decided gains, although as RUE du-
vances were confined 10 fractions The public
was not in the market, but traders found no en-
couragement for selling short. Representative
houses were interested in the market 10 the eX-
tent of buying moderately of their specialties
Easier local and foreign money rates affected
sentiment favorably. while small withdrawal
of gold from the Sub-Treasury went unnoticed
Crop reports were excellent, and the bears on
wheat were somewhat more active than recently
reported. Grain receipts are lighter than they
have been in the last few weeks. and the grain
carrying roads therefore likely to show
smaller gains in earnings in the last week Of
July than recorded In the first three weeks of the
month. Panhandle" American Tobacco, Sugar
Refining. Burlington. Continental Tobacco Lake
Erie and Western issues Kansas and Texas pre-
ferred were the strong features in the active list
Big gains in net earnings for companies report
ing for. June were favorable developments Of
the day.