New-York tribune., 1906-07-28
Closing prices of active bonds dealt in. with
STOCK MARKET OPERATIONS.
changes, follow:

Activity in yesterdays stock market reflected
better general demand for securities than re-
ported on ary day in many weeks. Commission
house business showed material Improvement
while substantial professional traders evinced
a greater disposition 20 conduct operations on
the long side of speculation, the result of course
being higher prices in all the leading issues and
predictions of further improvement in quota
tions Apparently there IS little bearish enthu-
siasm in the Street at present. The development
OF what may be called strong buying has had
an influential effect sentiment. and in place
Of the distress signals which were flying a, few
weeks ago there may now be seen fair weather
flags, waving in a manner which suggests strong
bull winds and clear skies for fortnight at
least. Outside of the Russian situation there is
practically no bear argument, and even the
course of Russian politics for the time being is
not in a direction, according to the Wall Street
point Of view, that warrants uneasiness over the
worlds financial markets. Later on Russia may
become a more important factor in the money
and stock market, but just now the Car and his
advisers appear to have the situation well in
hand, though it is not likely that they will be
successful in negotiating further loans with
foreign bankers. Yet Russia is in a weak fnan-
cial position, and 1t is conceivable that in the
event of prolonged internal disturbance its
chances Of becoming bankrupt will be exceed
strong yesterday, and the European markets in
general were firm, while there change in
discount rates abroad which indicated uneasiness
on the part of foreign bankers
Early improvement was fairly well main
tanned in the late trading. though in few is
sues notably ST. Paul. profit taking sales were
effective in bringing about heavy tendency
the stock just named closing at a small net loss
In the greater number OF securities final prices
showed good net gain compared with the
last figures Of the preceding day, with the most
noteworthy advances in Amalgamated Copper.
the railway equipment shares. American Smelt-
ing, Brooklyn Rapid Transit, Colorado Fuel
and Iron. Missouri Pacific Great Northern. Ma
tional Lead. New York Central and United States
Steel preferred. Heavy dealings in the steel
| shares exerted a Favorable influence on the rest
Of the list, while the general understanding that
there would be no contest for the control Of the
Illinois Central also helped to increase bullish
sentiment Mr.. Hartman has decided not to
attempt to oust the present management of the
Illinois Central. and while this decision win
meet with general approval 1t may be we'll to
announce that continued opposition to the Fish
management would not be successful, inasmuch
as Mr.. Fish and his friends have the confidence
and the proxies of the majority of the stock
holders. Money market conditions showed no
change of an unfavorable character rates for
loans in the call department remaining on an
easy level while time funds on q good demand
for long maturities were in large supply at
figures somewhat under those recently prevail
ing TO-days bank statement is expected to
make a favorable showing. in the week the
known Inovment OF money has been in favor OF
this centre the estimated increase in cash being
IN the neighborhood of $S,OO0OOO.