New-York tribune., 1899-06-13
BONDS.
THE DAYS OPERATIONS IN STOCKS.

1r,,ortant market interests who evidently are
convinced that the stock market ought 10 sell
higher were active in supporting their speciai-
ties Yesterday Commission house orders were
larger and there was well-denneo ulsposit'oN
on the part Of the public to re-enter speculation
Prices were strong throughout the oay' WIFI
final quotations showing net gains In the greater
number Of issues. The market exhD'eu d
Willingness to rise in the face or several outsoe
dsrelonmsnts that were not altogether stimu-
lating TO the trader Of narrow perception' anu
i3n this respect II showed the presence OF power
.st1I operators who are working for better prices
ON the theory that technical and business con-
ditons warrant an active upward movement
The Governments June crop report was uls-
.oreea ble surprise to the trading element while
further gold export announcements adoeo 10 i's
,uneos,ness. but neither of these factors exerted
an appreciable influence upon values despite
efforts on the part Of the shorts to lower prices.
Private advices on the crops from trustworthy
sources do not agree with the Governments re-
mort OF conditions as of June l. But even Ihe
Governments figures do not imply seriously
adverse comparison with the condition OF spring
wheat a year ago. while the decline Of 30 per
cont IN the Governments figures from 1873 Is
duo moro 10 the lateness Of the season than TO
r,, ec,ual injury to the crop. The winter
,pheat WELD will be small; but spring wheat Will
aor1tIess make an average yield. while the ex-
,,acted large gain in corn will Offset the loss IN
tho winter harvest There are too many OIL
satt,na factors in the situation to admit of un-
eas,ness over the effect Of lighter crops on rail-
road earnings And here it Is interesting 10
note that grain receipts at Chicago last week
were heavier than in any corresponding week III
<our wears. The farmers evidently are not
alarmed over the current years crops Railroad
earnings continue TO show surprising gains over
the same time last year, thirty-fve companies
renort,ne Yesterday returning a total net gain
in gross earnings of S36I,o99
Realizing sales were INDUCED In throughout
The day. but the stocks sold were taken py
substantial class Of buyers The granger issues
were strong features; also. Denver and Rl'
Grande stocks the coalers and "Panhandle'
"Panhand1e" moved up three points on buying
induced by the bright prospects for the com
many under the Cassatt management OF lht
pennsylvania Railroad. AS this stock sold d
So last January. and as II has great ln'rlhs'
merit it's present market value may ne con
sidered cheap. In the local traction group Net
ropolitan made maximum gam OF % poinl
while Manhattan. after early strength solo oi
on the tax decision rendered against the com
many Federal Steel common was an actV
strong feature on the expectation or dlVlden'
declaration to-day, and the entire group OF Hol
and steel issues showed decided srensth
Sugar Refining advanced per cent nut los
the greater part of the gain before the close
The hear element attacked sugar ana Brookyl
Rapid Transit in the late dealings, ana Whll
IL succeeded in depressing the prices Of thes
stocks the rest of the list was not material!
affected.
THE DAYS OPERATIONS IN BONDS.