New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-02
I'm dividend.
BONDS.
THE. THE DAYS OPERATIONS IN STOCKS

IT.. hsar. campaign In stocks has been sue
ce.sh,l beyond the expectations OF It's pro-
meters and as success inspires commence ''ie
sweater number of people in the Street are SELL
.tocks short on the belief that prices must
decline without interruption. This Is the sai''e
.h.or,, .,,non which enthusiastic spectators ex-
rect 70 make money the top wave OF Dull
,,.rk., When the greater number OF specua-
49,. ., ,,no,ted financial backing think II time
.. s,.,,,, the more important market interests
asc,as that Il lis time to sell, and when tne
ers,nanoed believe that II Is propitioue mo-
,,S.r, ,or selling short the last-n named operators
,,,,et,y change their position. II is now rash-
tonable" 70 sell stocks short, just as IL was
..1s.h,onat,e' al the end OF last January 10
,sx. ,aver" for the long account These
,ar,ods Of fashion are extremely dangerous
,,r,se ,or those who wish to be in the style
end at nresept II looks as II the increase In the
rnroher Of advocates Of lower prices would De
AolIoxved by a pronounced change In the atu-
49, NJ the men behind the current bear ac-
,iv,tv The spectators who take part IN
movement when II is on It's last legs will prob
.h,x continue to sell the market short for some
tim. IN come: but II is more than likely that
The larger speculative interests. who started the
hear campaign several weeks ago. are now
making preparations to resume operations on
the bull side.
In Yesterdays market there were alternate
strength and weakness with final prices show
ing more net losses than gains. The so-caiied
,;,sco,ra etns fe a,ures In the situation were not
widely noticed. however, and indications were
not ,yar,tne that the more important conditions
governing the actual value Of securities would
~ r,nny general reCORnl-
ton in speculative circles. 1t was admitted In
come onarters that the corn crop and the spring
wheat Weld might after all be large enough to
offset the loss IN winter wheat, while the al
vance IN wheat In. the last few days was as
oribed 10 reports Of damage TO the crops ABROAD
rather than to the recent reports of a poor CROP
here Wall Street will regain Its composure
before long. Prices will not tend toward Q
lower level for any length Of time, and presen
bear oracles will be among the most outspoker
advocates Of higher prices. Money Is growing
easier, bank clearngs increasing, railroad
earnings enormous and the crop OUTLOOK
growing brighter every day.
The days movements we're extremely irregu
lar with sharp movements In both direction
in many of the more active issues. Early bea
attacks earrie4 Western Union and some OF tn
the local traction shares, Union Pacific an
New-York Central suffered sharp setback
sugar Refining. Consolidated Gas. Louisvill
and Nashville, United States Rubber and IN
steel and iron stocks were strong features, an
In the afternoon the entire list rallied on cover
ing OF shorts and the report that the leadin
bear operators had gone over to the bull sid
II reported after the close Of business tina
J. the National City Bank would ship Sl,OOO,OC
gold abroad on Saturday despite decline
sterling exchange. The gold importing and 81
porting operations OF this bank are generall
special transactions, and In the present cas-
the proposed shipment cannot be taken as a
indication OF coming regular gold expol
movement The decline In copper stocks 4
Boston and this city was feature Of the mar
kets yesterday that exerted an unfavorable ei
feet upon sentiment The situation will be bet
ter when the copper market reaches NOR
normal level
The following table shows the decline at yes
terdays closing Of number OF active stock
from their best prices OF the year