New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-15
STOCK MARKET OPERATIONS.

STOCK MARKET OPERATIONS
In the greater part of the day the course Of
values was in the direction of lower figures. the
only important exception to the downward
movement being supplied by the local traction
shares, which advanced under the influence OF
covering of shorts based on a report that the
chances of the passage of the utilities measure
were not as bright as generally supposed. In
formation affecting stocks coming by the way Of
Albany is not always trustworthy. The general
weakness was not due to adverse news develop
ments, selling representing traders operations
including realizing sales by spectators who as
a result of Tuesdays advance were able 10 get
out of their holdings at a profit. The crop re-
ports were better in many respects than those
Of the preceding day. but there was still enough
bad news from the agricultural section of the
country 10 cause uneasiness in the wheat
ket that was reflected in an irregular course of
prices, which were unaccompanied, however, by
the spectacular movements recorded in Tues
days dealings the Produce Exchange. In
Canadian Pacific, Delaware & Hudson, Reading
Union Pacific. st. Paul. Great Northern and
Northern Pacific net losses were per cent or
more. Canadian Pacific supplying the heaviest
decline. Selling of this Issue started in London
where it under bear pressure. operators at
that centre using crop damage reports as a club
while the fact that stock sold short does not
have TO be settled for until the next settlement
two weeks hence also encouraged foreign sales
the local market following to the extent Of
-FOUR point loss. There were various silly ru-
mors about the company. none of which had
anything behind them except speculative imagi-
nation. The Canadian Pacific is a great prop
erty and its earnings show phenomenal gains.
Delaware d Hudson stock sold off two points.
but nothing in the position of the company as
,evbt
the decline. Certain interests are bearing this
stock, and they are endeavorng to brighten
holders to sell the issue but it is not likely that
there will be anv response from the owners who
bought the security for its Investment value and
who are now assured that its intrinsic worth
will increase as result Of the new management
The advice To sell Delaware 4 Hudson has bcen
gratuitousjv given b, an individual who while
SIN having some connections in The street is
moi anxious to he seen beIo,,. the dead line .,
And his connections in the street bav. NOT the
host rorr+ation
Tho absence Of erec,,Iati,e a,tiyjt,. - tho
stock marker At This nariod l. NOT ~, irii.atioo
Of The de,,elon,o.nt Of ,,nfa,or.l,a factors j., tho
businees world nor &c if d, ,eeec,io,, og q belioc
or tho mart or tho e,a,,i5I .,,,,,,,,,,,i,,, mo,
,ho,,a nil, no any, raa1 l,,,,,i. ,t t .t .,.,,,a,
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, 81
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inc purge" IMPOSED upo" "lHef interests TO
support the unfortunate people "h" other"lse
Wodld DC coiipelieu - <" mo bankruptcy. rev
people oulSlue Vi ue i'scaI INSTITUTIONS ana
large lhdIFioua! interests Nh" extended asslS-
"l"e III oiuer 10 prevent many lhSoNehcieS
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as result % ''- Ni"i'" "'edh Oh lhe STOCK tA-
chahse' an" when Ior 'ohg 'hhe l" come may
We an liiPo' 's"' factor III SPECULATIVE operations
!" se-u ."e'' MANY % inc ''S men were