New-York tribune., 1899-03-26
R(l\DS.
THE DAYS OPERATIONS IN STOCKS.

Tho stock market made striking progress W"
nj a higher level yesterday on large ana wen
dts.rihutcl volume r business. EXpeC'a'i0"
,ba, tho bank statement would not make a" VII
favorable exhibit induced many co"liiiiN'''
house traders 90 resume active specu'a'io" ="
,beir favorite issues. while the presence j" ''0
mario, of prominent interests that nave p''"
,,,i,orr,l,. successful on the bull side lnspTec
,o,odence among public and professional opera
tors alike. 1t was genuine bull marhe" i'
.a.,,ns nojnt IN the direction OF higher prices
an il is not unlikely all conditions remaining
favorable that the present week VIII "''"''' go
active and aggressive bull speCuIa"o"'
The hank statemen, made a good showing III
fact Il was an excellent statement Tor IL pIaO'T
,,rv showed a surplus reserve unchanged iron"
-, 400 and a loan account similar In char
acter The actual figures gave oecIeose o 80 49,
surnlus reserve Of Sjl6.IJo ana an lnC'e"sS ~ ~
loans Of 50 800 600 but as matter oi lac. nv, ~
changes were caused by the auu'.'u" 9,,l
clearing House statement or the ASt"i "a
p.nL,s holdings as an examination "f the "
tailed exhibit tprintcd elseWhore) VIII snow n0
holdings Of the other banks remain aiiI'S' W.
ont change from a week ago. me iIo"'' ' -
L., IAN nn longer Dee used as a bear cdIu o."
stocks Tha, this is now EeneraIIY Te'"st.l"eII =.
evident from the course oI Na'u'S Oh Wv ,N,
change The period Of higher money I""S
caused a material decline in market NaIues ilo'"
The best points made in January ana II! Wv Wv
course If this decline stocks passed hlt" sums
hands that apparently are now READY 10 pioH'"'V
a renewed inward movement. There are some
people who are still waiting 10 Sct Hl on wy
,heory that the spring market VIII not pcS"l
until after the first week IN April. put thtH
should hear in mind that the desire 10 speculate
IS growing stronger every day. ana that the ue-
rnand is Increasing so rapidly that the huI ma
ket NAV be well on it's course before the usually
scbeduled time arrives In December many pco-
pie waited for lower prices in order 10 ioad UP
Tor a January rise but the market continued 10
advance steadily throughout the month"; ana
when January came the people who waited ior
lower prices were forced TO buy at quotations
well above the level al which they had hoped TO
MI their lines.
Rrooklvn Rapid Transit again made prom
,nent advance going as high as llSi2. and clos
ing at a net gain Of ~ per cent The advance
IN his stock has been remarkable. but the buy
ing has been good and the possiMhues for
future investment yield on the security certainly
appear promising The railroad stocks were IN
good demand especially the Granger shares, IN
Guiding Chicago Great Western. Peoples Gas
and the Federal Steel issues among the INDUS
trials were bought by an excellent class OF huy-
ers. but elsewhere In the industrial lst' eNCep.
in Continental Tobacco. which was weak, very
little was doing. Railroad earnings now coming
to hand are encouraging. particularly IN the
Southwest. a reflection Of which Is seen In re-
neWed activity in the Atchison stocks Mis-
sour Kansas and Texas Missouri Pacinc, -.
Louis and san Francisco and St Louis South
western are all doing a splendid traffic business.
and the securities Of the respective companies
ought TO become features in the stock market
trading Missouri Kansas and Texas earned
per cent on its preferred stock last year and at
It's current rate Of gain II will show consider
ably more this year. st. Louis and san Fran
cisco made and paid per cent on It's first pre-
ferred stock last year. Its second preferred
stock has been put upon per cent basis Tor
this year and large block Of its common
stock has been bought by prominent Broadway
interests. II would seem that Missouri Pacific
Missouri. Kansas and Texas and ST Louis and
San Francisco issues We're among the cheapest
stocks Of merit on the list
Tho usual weekly table OF price changes or the
more active issues follows