New-York tribune., 1900-06-29
BONDS.



Early stock market trading was light IN vol
ums irregular movement OF prices. Com
mission house business unimportant, but IN
few issues evidence Of good support was noted
The coal stocks were strong on the advance IN
prices, and the Western railroad shares were in
fair demand from an excellent class Of buyers.
Efforts were made by the bull party to put prices
higher, while bear traders opposed advance,
the result of the conflicting influences being
great irregu!arity until the last hour, when the
whole list advanced on buying for both accounts.
Strength In the silver market helped the Mexi-
can issues especially the Mexican Central first
incomes IN which dealings were comparatively
heavy. These securities ought TO appeal to
spectators and investors, and II Is more than
likely that when the merits Of the Mexican prop
critics become better known there will be q
material appreciation IN their market values.
OF the industrials American Car and Foundry
issues showed marked strength on good buying,
while Sugar Refining weak feature under
bear pressure, recovering, however in the last
dealings. Baltimore and Ohio common reflected
continued liquidation. but advanced with the
rest Of the list in the afternoon. Decided
strength was shown IN the last hour, with ad-
vances OF per cent and above common, better
reports from the spring wheat section Of the
country being responsible Cor active covering
all over the list The granger shares were de-
cidedly strong, and all stocks enjoyed buoyant
close The declaration of a dividend on Ameri-
can Car and Foundry common helped the iron
and steel issues
Interest and dividend disbursements on July
will be larger than IN any preceding July in
terest period on record. It is estimated that
total payments Will amount TO more than
$100O00.OO0, arrangements for which have been
made without disturbance in the money market
In some quarters 1t is believed that this vast
amount OF money win ind immediate retnvest-
ment in securities, and current efforts by some
operators 10 advance stocks are based upon the
expectation OF a good buying movement in
July. July and August are known bull
months. but In Presidential year bull mar
ket cannot be counted upon, although this year
the heavy decline that has taken place in the
last few months may tend to offset the effect
Of political scares. There is plenty of material
for q bull market IN trade conditions and tech
nical market conditions. These conditions,
however. do not appeal to public operators, so
far as buying stocks is concerned, but it should
be borne in mind that all the so-called bad feat
in the situation DO not attract liquidation
from current owners Of stocks. American rail-
road stocks and bonds are bargains at ruling
prices ana they worth holding as invest
ments and as speculations. People who fear
that Mr.. Bryan will be elected will doubtless
convert their securities into cash; but at pres
ent the number Of investors who take this view
Of the situation is not large. The depreciation
that would take place in business investments IN
the event Of Mr.. Bryan's election should keep
the business of the whole country, trrespec-
tive OF party. in line for President Mckinley.
Conservative investors and shrewd spectators
believe that as the campaign advances the bust
ness men OF the country, the farmers and the
laborers viii awake TO the necessity OF Mr.. Bry-
a75e FaSe and gD-ve md
lators are therefore not selling stocks.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT RONps-Market steady. Final