New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-27
BONDS.
THE DAYS OPERATIONS IN STOCKS

The movement Of securities values reflects
ahat the professional bear element Is less numer-
s,us than II was week ago. And the outlook
ravors the belief that the bull party will ex-
nnand with considerable rapidity before the END
nf the year. In yesterdays market the usuai
n,ofit taking incident to an advancing market
uaused an irregular movement Of values and al
hhe close net changes were evenly DISTRIBUTED
among small net gains and losses compared
with the preceding day the volume OF business
rwas larger and better distributed, but trading
was more evenly balanced between the TWO &C
counts that make up the market operators
who take profits when in sight rather than
twait for the gains that fancy often pictures
s,xere sellers yesterday, while quick turns on the
,xbort side were made by quick witted traders
s13uy1pg however. was excellent in character
coming from a good class Of commission house
customers and from substantial market inter
ests 1t looks as II stock market traders were
berinning to discount the return OF money TO
;Yh,s centre. and that the great underlying fac
tors IN the situation were beginning to find their
iplace as serious market influences.
Brokers who generally act for the more pro1n-
nent capitalists in the Street are active IN the
current market. For instance. Morgan van
derbilt and Rockefeller brokers are buyers or
large amounts of stocks every day and as the
interests represented by these brokers are ex-
tensively identified with the greatest asgTesa-
zion Of corporate capital in the country and are
constantly engaged IN operations OF vast imam
c,a1 significance, it is logical to assume that
Their activity in stocks reflects something more
than mere trading In months to come the sig
ptficance Of the current accumulation OF stocks
bv important financial interests Will be clearer
d M
will be found that many OF the present rumors
~ consultations big railway and industrial
deals are based upon something more substan-
tial than theory. In all probability a closer
alliance OF the anthracite coal companies Will be
q DEVELOPMENT Of the future, and ali indications
roint toward bigger railway plans on the part
of the largest companies than any yet an
nounced When extensive plans are under
discussion, the public naturally Is not taken
into the confidence Of the promoters but the
stock ticker often tells tales that are secrets In
thigh places"
The demand for preferred stocks selling under
,par is increasing; also the demand for the
cheaper common stocks in which equities are
growing. The outlook for the so-caled cheap
etocks is most promising and unless the stua-
fion should undergo sudden and radical
change the increasing actual worth Of these
necurities win eventually exert an important In
aiuence upon their market quotations. Waiting
TOR a change in the money market situation is
growing tiresome. but the period has passed for
suneasiness over the market. while the time has
come when market operations be conducted
upon the expectation OF increasing supplies of
rlcndable money. Call money easier yester-
day and Indications favored favorable weekly
bank statement