New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-06
SEX dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market dull and irregular, with
anal prices showing few more net losses than
gains. 1t was wholly a traders market. and
lacking in significant movements. save in New
York Central, which again reflected buying from
interests who are we'll informed regarding the
affairs OF the Vanderbilt properties. 1t is more
than probable that future developments in the
railroad world will show extensive deals" in
volving the New-York Central and allied prop
critics The current year may witness some
enormous financial transactions in American
railroad properties. and Wall Street men who
have good sources of information are looking
forward TO important developments in the near
future. The traction situation in the city Of
New-York now presents opportunities for guess
ing. A year Of great railway deals is a good
wear for holders OF stocks. and buyers at the
current level appear confident over the outlook.
The market closed weak under bear pressure,
but declines were not material, while in many
instances net gains were shown.
January disbursements have not yet become
factor In the stock market A year ago they
did not seek reinVestment at once, but before
the month over they became effective
assistance to bull campaigners Money dis
bursed IN January will not be locked up Hold
ers Of capital anxious to make their money
useful in days Of prosperity. and more espe-
cially at a time when there many at
tractive opportunities for it's safe investment.
People who bought Lake Shore stock years ago
were confident that 1t would sell at 200 some
day and people who buying good
stocks are convinced that these issues will do
as well prpportionately as Lake Shore did 1t
IS likely that the Vanderbilt interests expect to
see New-York Central second Lake Shore in
respect to price appreciation All of the more
important Wall Street interests are confident
that the current year will be profitable one for
capital and in consequence a prosperous year
IN the stock market. The capital made availa-
BILE by the January disbursements will gradu-
ally find its way into the general investment
field. and, barring radical change In financial,
commercial and political conditions the active
employment of this new capital will be followed
by increased activity in stock market specula-
ton.
The banks are strengthening their reserves,
despite heavy gold shipments Speculation is
quiet and making large demand upon the
money institutions, factor that increases the
chances Of active bull market later in the
season. In the last two days speculation has
been made up in great part of traders transac-
fions. Commission houses report a good inquiry
from customers for stocks all reactions, while
there are many people who apparently wait
ing 10 '1get into stocks" at lower prices. The
rapid recovery from the December slump was
somewhat unexpected and interests who failed
TO buy before January believe that the market
will work lower before it goes materially higher.
They have basis for this belief in precedent,
but the current market does not act If it in
tended to follow precedent this year Precedent
would be ruthlessly brushed aside If the British
army should win few decisive victories Vic
tor In South Africa for the British will have
a favorable effect upon the international money
market and lessen the chances of British cdfn-
nit Wit Ofh lar
amount Of gold will go out to-day. New-York
is financing London and presenting to the world
a magnificent exhibition of financial strength.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS-Market firm. Final