New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-07
BONDS,
STOCK. MARKET OPERATIONS.

TradirSJSn stocks IN the two hours OF Dust
ness rs made up IN great part OF the transac-
tiCs Of the professional element and commission
house operators, who yye.e anxious to sell Iilei4
F.tl.ss owing to the fear that something might
cs.elo7 oefore the opening Of the exchange To-
morrow that would bring Gbout further serious
declines tn values There was nothing IL inc
DAYS news that warranted the theory OF lhe ue-
Vehement % adverse conditions IN the situation
affecting the actual worth CT securities DUU u"
s-s, nevertheless, were nervous, their state OF
ma doubtless ceing due TO thoughts OF the re-
Eant past rather than 70 aay well defined Ideas
about the future. LONDON quotations for Araerl-
ian stocks We're lower. and tho board room con-
3nyert used this fact IS 2 club 70 hammer prices
u The eas!y dealings; but there was not enough
.cr-,c..sc . taz!r efforts to cause extended 0e-
.l.ras. exce2. IN the case of Union Pacific Peo-
p-l's CAS- ard Consolidated Gas, which moved
ilaze- the :,.Ience OF considerations rot bearing
g. tn genera: Est. TIE question Of 10 cent gas
in Chicago IS worrying the operators Who specu-
late = Peo21e'a Gas, bur il Is nct bothertng the
peoo.e who hold the stoc!. an investment
Peoples Gas has paid dividends Of per cent
for -.aay years, and, according 70 the opinion Of
the men Hho Terrified with the company.
there e 10 prospect Of a reduction in the rate, no
matter what The Illinois legislature may co in
the future on the question Of gas legislation.
Consolidated Gas colo 5oz;7 . points, also Union
Paciac, and the movement IN these TWO issues
wa5 taken as guide - operators in tAe gen
er2l LIST.
While there IS 70 good reason for bullishness
on Consolidated Gas at rs present price there Is
little excuse Cor safes OF Union Pacific and other
securities that recently Aave been under the in
fuence of bear prez5cre. Union Pacific has
ncted N a manner which. Of course, has created
The impression that lr. Hartman and his
friends have had serious differences with the
other large railroad interests n the West but it
may be said on the best CT authority that what
ever differences may have come up. there is at
present E:o-e harmony ezaoCg tIe big men in the
r2iiT-ly world than ever ts2CTa recorded in the
history Of american railroads. The substantial
banding interests in New-York are Intimately
connected with the Western railroads, and in
the last week they have announced, with no IN
certain meaning, that peace must prevail among
the various interests If further financial under
talings on the part Of the railroad companies
are 10 be successfully handled. Tie copper
shares on the Stock Exchange and on the curb
We're strong on a good class OF buying. while
many Of The Industrial issues moved toward
higher level. In the railway list the only i'm
poTtant features of strength were furnished by
Erie first and second preferred. Northern Pacific
and Minneapolis, St. Paul and sault Ste Marie.
Northern Pacific. On transactions Of upward of
six thousand shares. advanced for the day SO
Per cent. but the movement failed TO attract an
active demand in other parts Of the list The
advance n Soc" common Of over . per cent was
cue 10 investment buying OF the security, based
or the large gain IN the earnings Of the COM
pany. It is believed that in the course Of the
current year an announcement viii he made that
will materially improve the actual worth OF the
$500" shares, which already are considered valu-
able OF course, any Increase that may be made
81 the dividend rate or the Minneapolis, St Paul
and Sault Ste. Marie issues viii benefit the Ca
madam Pacific. the lattsr company controls
majority Of the SEQ" stock. The bank state
raent was favorable showing loss in loans and
q gain in the reserve above legal requirements,
but il failed to bring about rally in the gen
eral list Final prices in the railroad stocks
were above the lowest Of the day.