New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-11
ok dividend.
BONDS.


Sentiment had little to do with the course OF
stock market values yesterday. II sentiment
had been In control serious decline oouo'ess
would have taken place upon the publication OF
the bank statement which, from traders
noint of view was decidedly discouraglng'
Traders attempted early in the day to depress
rrices but they found it extremely dificut 10
induce ANYBODY to SELL while in the final deal
ines they were compelled to beat nasty re-
treat because of active buying by the more I'M
,ortant market interests. Powerful operators
who believe in higher prices are once again &C
tive in speculation This Is good point LOT
hear traders to carry in mind. for by Following
II they NAV save their bank accounts from seri-
GUS depletion Hopeful confidence has succeeded
pessimism in Wall Street and the people VINO
are familiar with the ways Of the Street and It's
markets are convinced that an active upward
movement in values is about to take place.
Covering Of shorts In Consolidated Gas and
the steel stocks and the good showing made by
the ST Paul company for the first week IN
June helped the market toward higher prices In
the first dealings. Subsequently. however, bear
pressure and realizing sales caused irregularity
and small declines but in the last half-hour
the whole market became strong and animated
on good buying by substantial operators and
covering OF shorts by frightened traders. The
changes in bank holdings resulted In loss in
surplus reserve Of $}3S1 800 to 1888, 100 Inc
real loss was proha bly, larger, as the statement,
owing to the average system employed renecteu
only a small part of the gold taken out for ex-
port. The loan item gave an increase OF @lU
sos 400 three quarters Of which was supplied
by the National City Bank the Chase BANK
and the Hanover Bank. part OF the increase
NAV reflect gold export operations and STOCK
market loans. but II Is rather difficult 10 ac-
count for the size of the change from the known
movement of the money market In the week
Many Stock Exchange houses no doubt nave
been increasing their loans in expectation or an
active movement in securities.
The bond market presented renewed Ire ann
strength in the two hours of dealings. with espe-
cal activity In NewYork, Susquehanna and
Western general mortgage . per cents. Total
sales Of these issues amounted in par value 10
$50 900 at net gain in price Of two points to
PAR The value of a per cent bond selling
under par is recognized by investors. and the
steady advance in the Susquehanna general os
from below 30 to par is a safe reflection or the
tendency Of all good issues that are now quotec
under or slightly above par. 1t is interesting 10
note that the Susquehanna road is making eX-
cellent gross and net returns of earnings. while
proving q most valuable addition TO the Erie
system Good : per cent bonds such as Susque-
hanna rs cannot long REGAIN under 40 In these
days Of easy money and business prosperity
and when the yield Of such an issue at its cur
rent price is taken into consideration and COM
pared with the yield of high-priced investments
whose actual worth Is no greater II Will readily
be seen that at par II is remarkably cheap and
attractive.
The usual weekly table showing net price
changes in the more active issues follows: