New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-26
BONDS
STOCK MARKET OPERATIONS.

Although transactions in yesterdays stock
market were lieht in volume. the movement OF
values was generally IN the direction Of a
higher quotation level with net gains IN the
greater number Of issues at the close There
was well defined effort TO cause trouble among
the shorts, and the existence IN the market Of
"a large hear account made a successful raid in
this direction a comparatively easy matter.
Opening prices were at advances in the greater
number Of issues while throughout the day I'm
provenent was the leading feature Of trading.
the heaviest gains IN the active list being re-
corded by Amalgamated Copper. Baltimore and
Ohio Canadian Pacific New-Tork Central
PENNSYLVANIA. St Paul. Brooklyn Rapid Transit
Erie and American Sugar Refining. In these
issues advances ran from large fractions 10 i
per cent and above. There was. however no
evidence OF active outside buying, and al no
time was there any indication Of the presence
IN the market OF the more important market
interests except IN q few stocks. Sentiment was
more disposed 10 the bull side ~ the market.
owing 10 the more settled condition u the
European bourses. 10 the continued ease N
money and 10 the absolute indifference ir The
last few DAYS OF investors and large speculative
holders OF securities 10 the war in the Far East
and the serious disturbances in the foreign mar
1zets last week Il certainly Is encouraging %
note the fact that the local investment COM
snunity is viewing the troubles abroad with 10
uneasiness. The idea IS growing that me East
ern war. even II il should involve other Euro
pean powers. would not upset affairs i1 ms
country. II the United States maintains is
present neutral position more good than harm
viii come TO the commercial interests OF tH-s
country as a result OF the war. unless The con-
fict should be continued 10 "a point where me
nations involved might become 50 bankrupt that
Glib ~. II
quantity Good buying Of -. Paul stock has
been reported IN the last few days ard n yes
-e-day'e market there was a well founded re-
mort that Rockefeller interests had added largely
10 their holdings in The week This stock -1--
urauy is attractive, both from the speculative
and investment point OF view, as Us price as a
= Der cent issue IS cheap while the financial
condition Of She company IS such as % inspire
confidence among all classes ~ market opera
tors The directors Of the company declared the
regular 3la per cent semi-anuuaI dividends yes
terday on the common and preferred stocks
There is no chance Of a dividend reduction on
ST. Paul the road now being in a position 20
earn its dividend charges in years when traffic
Is moving under the influence OF business de-
preston. ST. Paul is considered one % the
choa pest and best Of the standard investment
issues An adverse decision ia the Northern Sc
curitles case viii not affect this company. The
people who backed the Northern Securities Com
pauy were anxious 20 secure 81. Paul long be-
fore they gobbled the Burlington system. bur
the owners 81 the St PAU were farsighted
enough 10 refuse 70 sell. Many Of the people
who have been accommodating St. Paul have also
been buying Amalgsmated Copper. and the pur-
chascs OF this stock yesterday by a represent
alive standard oil house had a favorable effect
or the general market. II is pretty safe 10 say
that at present prices and on all declines the
Standard Ou party VIII be active buyers of their
favoIite securities. London was a moderately
heavy buyer on arbitrage account. and this fact.
together with the absence OF failures ~ the
fortmghtly settlement in London. helped the 10
ca market. while prices reacted in the last
half hour from the best Of the day. final figures
showed a large proportion Of the early improve
meut. There was no reflection IN the stock
market Of the excitement and advance I'm the
wheat market. Money and exchange showed no
important changes