New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-11
BONDS
TIE DAYS OPERATIONS IN STOCKS

While yesterdays stock mari.et did not equal
IN pont ~ activity or strength Mondays phe-
nor ersl dealings the same general tendency ot
advancing values and enthusiastic buying wer-
present IN considerable force Perhaps the best
ind ca'ion NJ he markers underlying strength
and vast power Of absorption was reflected in
the with which enormous sales for the for
eign account we're taken by local interests The
volume ~ safes for fhe Eur opean account. in
Guiding both bonds and stocks heavier than
a. any time in the Venezuelan panic Of Deem
Der 1885, and probably never before eaualied in
the records II the stock Exchange This sell
ing represented sales fer profits No other
reason can be advarced for such movement
than the attractive level for the liquidation
OF holdings acquired AZ lower range For
eien operators NAV believe that the current
bull speculation has reached its highesi point.
but among local followers 81 the market no
such theory is permit cd to disturb the cheerful
thoughts of The cieerful bull clement And from
the expressed attitude f the more substantial
market interests it would seem that q period Of
declining values is ye; long distance off 1t
Il Just well however. for the trader Of limited
wealth. 10 connne his holdings to the extent
warranted by his financial means
The general ccursc Of values reflected heavy
buyirs. Taking of profits has been a feature of
the market for the last month. while buying by
investment interests has been pronounced This
tendency among spectators TO realize frequently
has served to prevent the accumulation Of weak
accounts. and IL has acted as a strengthening
Influence. affecting the markets technical props,
evidence Of which given ia last weeks
bank statement wherein decrease in loans Of
over $500 coo was shown. Heavy local real
izing and foreign selling checked the upward
movement in prices in the morning. al
though causing no important declines. hut
IN the afternoon renewed commission house
buying promptly followed by re-
spouse in prices The buying grew in volume
toward the close. especially in the standard
shares. which were taken by important interests
whose place in the market has been the bull
side for a long time. The granger group was
strong, and an advance Of 6 per cent in Great
Northern met sympathetic response in North
ern Pacific issues. There numerous
actions In the industras and those stocks that
have recently been actively pulled the
Atchison shares. but declines when made were
small and Of little significance as indicating the
general trend Of values
The Southwestern railway stocks were again
active market features. especially Missouri Pa
einc and St Louis Southwestern preferred. In
dicAtions Of coming activity in st. Louis and
San Francisco common were reflected in new
demand for the stock and encouraging Street
gossip concerning the merits of the property 1t
10 Interesting to note that the first preferred
stock Of this company is on per cent divi-
dend basis and that the second preferred has
paid per cent since the reorganization Of the
road. which formerly was part Of the Atchison
system. In the industrials unusual activity was
presented in the dealings in Standard Rope and
Twine securities. the income bonds advancing
* per cent on heavy transactions the per
cent Issues 2 per cent and the stock per cent.
The cordage trade from all reports, appears 10
be enjoying share Of the prosperity noted in
general Industrial circles. Total sales in all
stocks. 1.019303 shares. against l,0s9.267 on
Monday