New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-24
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The raid on stocks was not continued yester-
dev AS consequence transactions were
larger and prices showed an Improvement II
WAS made apparent that IL left 10 its own re-
sources the market would seek higher level
There is nothing in existing conditions TO war
rant a reduction in values, and reduction can
NOT he brought about except by force. The as
SAINT on stocks in the first two days OF the
week plainly had for its purpose the covering Oh
shorts. which threatened a large loss so haro
did it prove 10 put down prices that II IS douo'-
ful If II was found possible materially 10 con-
tract the short interest. 1t remains as II was
before the onslaught. basis for an upward
movement when II is desired by the bull leaders
10 make an advance
BROOKLYN Rapid Transit again a leading
feature of the dealings but the commotion IN
Il had ceased. The fluctuations in 1t were not
wide. and while the recovery in its price was
not large It was OF sufficient proportions to IN
dictate that in ordinary circumstances II was
able 10 hold its price position along with other
stocks After eucidaton better opinion on
the showing Of the company In its annual re-
port seemed TO be entertained. The point made
by the management Of the property that the
worth Of the stock depended more on the future
than the present was considered to be well
Metropolitan Street Railway proceeded ahead Of
the development of the system. The capitalists
identified with the Brooklyn Rapid Transit Com
pany insist that If the enhancement of Metro
politan Street Railway stock consistent
that Of Brooklyn Rapid Transit has been
A rise in Sugar Refining stock was due TO q
better understanding of the situation In the
sugar trade 1t was found that the cut in the
- iDad poea
not precipitate renewal OF the sugar trade
war. There were. far could be ascer-
tanned merely trade reasons for the cut, 1t
was made to facilitate the movement Of sugars
from refiners to purchasers under the guarantee
ARRANGEMENT extending to the end of the year.
1t is not to be expected that the prices Of re-
fined sugars will remain stationary any more
than the prices Of raw sugars. II Is generally
known that the prices Of sugars are de-
cidedly irregular in accordance with supply Car
rivals) and demand. Not in several years had
the prices Of refined sugars held unchanged for
80 long period was the case preceding the
cut on Monday. There is fairly good reason for
believing that the sugar Is definitely at
end. and that there Will be no further deliberate
waste Of profits.
The absence Of rate cutting by the railroads
Is evidence that the roads have all the traffic
now and in sight that they can handle. There
Is only one disturbance in rates Of any account
and only few lines concerned in II. The
pther roads doing all they to stop It.
II is due TO the efforts of new and already
bankrupt road to get tonnage. When a road
is in the hands Of a receiver II usually is a
trouble maker The real owners, the stockhold-
ers. have nothing TO say in its affairs. 1t has
no charges to pay and 1t can raise a rumpus
and in the event of retaliation 1t can appeal TO
the court for protection