New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-15
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market ended the week strong. ac-
tive and buoyant Total transactions in the two
hours of business were heavier than on any pre-
ceding Saturday exceeding the total sales Of a
week ago by over 221 POI shares. Interest was
again centred upon the standard stocks. in
which many noteworthy net gains were made, as
in Chicago. Burlington and Quincy. which made
q maximum advance of per cent. with its final
price at about the best Of the day. Throughout
the list last quotations were at or near the high
est figures recorded in the day, while in many
stocks the top records OF the current movement
were made If an incentive to buy stocks were
needed IL was found in the weekly trade reports
and the bank statement, all OF when showed
further expansion in the countrys industrial ac-
tivity and increased strength in the financial
situation at this and other money centres. Cash
holdings of the associated banks are larger by
Sc 963 700 than a week ago. while surplus re-
serve is over 81 100000 in excess Of last Satur-
DAYS statement. The loan account shows no un-
due expansion in stock market borrowing, but
reflects a stronger technical speculative situa-
tion than the enormous dealings in stocks would
appear 10 indicate. Il is more evident than ever
that heavier lots of stocks and bonds are being
bought outrish, than ever before in stock Elk
change history.
great industries. even the cotton market exhib-
itirg distinct signs Of the Improvement so long
and anxiously looked for. OF interest 10 the
holders Of railroad securities is the marked i'm
provernent in the rate situation. especially on
the lines east Of Chicago. despite the fact that
tho so-called rate maintaining Joint Traftlc AS
ISOLATION has withdrawn from business. owing
70 2 Supreme Court decision If railroad man
ayers wish 20 maintain rates they need no assoc
c,ation for that purpose. adequate PROOF OF Whlch
20 reflected i'm the determination Of the com
paries 10 end rate Generalization and the sue
cess so far attending their efforts IL is not un-
likely that the rise in trunk-line shares in the
week was due in part to the known attempts on
the part of prominent railroad men 10 better the
rate-making side of railway management. Large
profits were realized in stocks yesterday, and
doubtless the same kind OF trading will be an
important feature in to-morroW's market, but
the public continues active buyer. and is well
supported by substantial interests. When the
real forces underlying the current movement in
stocks are taken into serious consideration, il
Will be seen that every point Of the advance is
warranted and that expectations OF higher
prices are well founded.
The granger stocks were active leaders. AtChi-
son preferred was the most active issue traded
in. at an advance Of per cent. and the South
ern Railway issues again in good demand
The anthracite shares attracted renewed atten-
ton on further reports Of impending coal
deal London bought moderately Of its favorites
The market irregular at times profit
taking sales. but the general course Of values
was toward a higher level. In order TO appre-
ciate the extent of the days extraordinary deal
ings reference should be made to the regular
detailed tables Of transactions printed elsewhere
on this page. Total sales amounted to 69O6IC
shares.
The usual weekly Ia bles OF price changes OF the
more active issues follow: