New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-24
BONDS
rHE DAYS OPERATIONS IN STOCKS

An nsst rAcords Of stock market ACTIVITY were
,rolsr IN yesterdays transactions. The deHahu
,or s,ocus at the opening was so enormous "a
,,,.roen+ was so intense and the price "uO'u'
ton. so wide that for the first ffteen minutes -
trading II was practically impossloie ~ ,~.
the business done or 10 transmit !" 49,
oN3cAs any intelligent memorandum Oh
.,or. accon,nlished Brokers accepted ORDERS
.uhtect 70 delay II for the hrs' nan "ou-
G runaway market in which the demand ~ 'o
exceeded the supply that prices mace sehsa
and record breaking movements. Al Tue me
80, raa,z,ne set in. and sharp reactions &C.
Cured but subsequently renewed 'u' nc
80. which carried values gradually hlgher
.,, ~. o,ose Pittsburg Cincinnati Chicago
.rd ST Louis commonly known as ran
-, r,oaa tho most remarkable movement
:, ~. dav advancing rapidly at the opening 10
&C sgains, 67&. on Saturday. declining 10 ~
- ad,ancine again 20 10. all in fifteen MIN
,,ss while closing at a net gain OF o's per cent
r.. ea-lv advance in this stock was que 10
nan,c among the shorts, and after the oeo'iiie
"a 10 the further advance was helped by ihos'
substantial kind Of buying induced pS '"s Il"
formation that important developments alec'-
inc panhandle" and Pennsylvania were peno-
ing Stockholders in "Penhandle nave oeen
fortunate in the last few weeks Inc luIuie
roarke, value Of the roads securities shoulo DC
well above the current level
In addition 10 Panhandle" many other STOCKS
made sensational openings, as Atchison pre-
,erred. Canada Southern, Cleveland Cinc'nna'i'
r,s,oaso and ST Louis and Chicago Great West
ern. while throughout the list advances ol HUH
80 ner cent over Saturdays closing were
common Chicago Great Western was actlveiy
bought nv prominent interests, who believe that
actual
~, Z, viii sell well in the 30s at no distant
time New-York Central and Union Paclnc pre-
ferred both of which made striking gains on
SATURDAY opened strong but sold off on reallz-
ING beins well taken however. on the decline oy
good buvers Despite official denias. II Is De-
ueved in many quarters that the reported New
York Central Union Pacific deal is more real
than the directors are disposed to ADMIT
In the industrials international Paper an9
American Malt were strong features on sooo
buving and better understanding among IN
yestors OF the merits of the securities Inc pos.
tion of Peoples Gas and Federal steel securiues
snecuIstive point of view, and active and re-
newed buying in these issues is hkey 10 ue
velop any day. carrying their msrKe, va. sie
Nearer 10 the point warranted by intrinsic
worth ..o,,,o.,or
and the excellent technical condition OF the mar
Iat we're tested in the morning trading yester
day and found 70 be safe. sound ana soma. l.
This had not been so a decline of large proper
tions would have followed the enormous realz
ing and bear pressure that followed the lnltla
transactions The anthracite coal stocks FUR
nished striking features Of the days deanhes
Ontario and Western supplying the heaVles
trading Of all the stocks on the list while th'
entire group Of coal shares MADE notew0rtn.
price improvement London traded heavily II
mis- market upward Of one hundred THOUSAND
shares being dealt in for the foreign account
The character Of the foreign buying was bette
than recently noted. and IL was said IN well-in
. formed circles that the inquiry from mportan
London banking circles for American securite
indicated a gradual increase In actual invest
rnent buying by European investors. The mar
ket rose with vigor and animation IN the after
noon under the impulse Of an enormous puon
demand while at the close there was not IN
slightest indication Of any immediate change Il
the current character Of the extraordinary buy
ing demand Total sales were In excess OF Fri
DAVIS total by over 5000 shares. amounting {
5o7 GA shares the heaviest volume Of bushes
ever transacted any one day In the history o
the Stock Exchange.
THE DAYS OPERATIONS IN BONDS.