New-York tribune., 1899-03-25
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Wall street sentiment is growing bulhsh over
the prospects Of a spring advance IN Prl0''
The character Of the market has changed ma
1eriallv within the last few days. as renecleu III
the decreased transactions in the mahlpu
,specialties and an increased interest IN 'he
standard railroad shares and issues or the IN
dustrial class like Peoples Gas. about "hich
there is no mystery. The money market Is oe
ginning to relax and 1t is not likely that rates
will pass again this season beyond the point
which speculative Wall Street wisely considers
ininical to bull activity.
In Yesterdays market evidence OF good ou|lhs
was not wanting. Early commission" "o"S7
,raa,,e Uas held somewhat in check over the
fear that to-days bank statement Would sho"
some startling changes. but in the afternoon
This uneasiness wore away and public buying
Increased rapidly II to-day's bank statement
makes a poor showing, It doubtless VIII prove
.he last bad exhibit of the season. There 49,
however. no reason 10 expect an unfaVoraoie
statement for the known loss to the banks IN
cash has been small while it IS generally be
,.vad that they have reduced their loans TO an
sx,en+ that will cause an increase in surplus le-
serve II would seem that holders of stocks
ought not TO sell at this period, because con-
6itions favorable to higher prices are becoming
moro promising every day. In connection with
This Il is pertinent t. remark that the market
leaders have acquired good lines for big ad-
vance IN April. and that the floating supply OF
frst-class issues is small. while the holders OF
the cheaper grade Of stocks are unwilling 10
part with them except at higher range OIL
values 1t Will be we'll for the intending buyer
70 bear in mind that big fluctuations are prop
able in A big market that bigger margins should
be provided than in period Of duliness' ana
that values will get an occasional slump in the
best Of bull markets
Final dealings were at small recessions from
the best figures Of the day. As rule, however,
net gains we're recorded throughout the list
Sugar Refining Continental Tobacco preferred
Consolidated Gas Glucose and Third Avenue
furnishing the only important exceptions
The defeat Of the Astoria Gas bill at Al
hanv caused sharp break in Consolidated Gas
stock while continued liquidation was respon-
sible for the weakness in Sugar. Brooklyn Rapid
Transit was the most active stock on the list,
and before the close it added over five points
20 its market value. Buying Of this stock is
based upon the benefit that will accrue to the
company by the consolidation Of all the Brook
lyn surface and elevated roads and also 10 buy
ing based on the belief that the Long Island
company will eventually become part OF the
rapid transit system. The Granger shares, un-
der the lead Of Rock Island and Burlington
were active and Of the smaller Granger roads
unusually heavy transactions were made in
Chicago Great Western. Peoples Gas continued
on it's upward course. and In the afternoon
sharp gains were made by Louisville and Nash
willie. Central Pacific. Chicago Terminal issues
Standard Rope and Twine and United States
Rubber
THE DAYS OPERATIONS IN BONDS