New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-05
Saturday, September +p.


Traders invariably take profits and decrease
their holdings prior to double holiday and IN
this respect to-day's operations on the Stock
Exchange were not exceptions ~ the same
time however yesterdays advance attracted
a number Of new buying orders 10 the market
and while realizing sales heavy, they were
in great part Offset by purchases by people who
believed that the profits in the stock market had
not yet reached the limit. AS rule. the ma
Jority Of issues closed a, fractional net gains. St
Paul at net loss OF :. per cent being the CHEZ
exception. To-days speculation was quieter and
more conservative than that Of the last two days
and small operators showed more sensible
disposition in their transactions many Of them
taking their profits and others reducing hold
ings which because OF the narrow margins
back OF them had too many elements
of danger for safe speculation. Noteworthy
strength was shown by the anthracite shares
due perhaps TO the expectation OF speedy
settlement of the soft coal strike Dealings
IN Reading common aggregated 2oODo shares, OF
about 5000 shares more than in the full session
yesterday, and sentiment appeared particularly
bulish on this property. as well as upon others
of the coalers which have not enjoyed the same
proportion Of gain witnessed in the large ma
jority of listed issues. Northern Pacific issues
and Norfolk and Western were also strong feat
.
splendid showing made by the company for the
fourth week in August. when its gross earnings
increased 500 600. as compared with the sans
week last year. a gain from January OF
SS9tOoO The grain movement on the western
railroads In August was the largest ever re-
corded Receipts at Chicago aggregated oJ.oJo
carloads. an increase OF D. 23 cars over the
same time last year &c. 49, cars over ls95 ana
u 27l cars over 1894. Burlington handled over
"a per cent Of the entire business, with Rock
Island second at l4.6 per cent, Illinois CenFa
third, the Alton fourth and ST. Paul NTH. BUR
lington's gain over last year was loSO carloacs.
For a half-hoday to-days operations In STOCKS
were very large amounting 10 3b2942 shares d
which Sugar Refining. Rock Island. ST. Pau'
Louisville and Nashville Missouri Paclhe'
Northern Pacific preferred. Reading, A'cn',
son preferred and Western Union furnished
lG2 O93 shares Northern Pacific. on sales
aggregating 5000 shares. and at ne.
gain OF ~ per cent. was the most active stock
on the list. Good buying characterized an &C.
tive market for railway bonds Atchison's july
statement. published to-day. showed an increase
I'm gross earnings OF S229. 1913. and decrease u
net OF $50 40 =,
currency shipments to the West and South
have begun in earnest, the net amount shipp,
by the New-York banks this week being esu.
mated at S40000W. The weekly statement "
the associated banks reflected the outward Nov
ment OF money In a reduction OF caSh hou' 10.
and loss I'm surplus reserves Whle tne A.. "a
proyement In mercantile business ana the Nv,
nand for funds in connection with stock fnaI"sHs
speculation were represented by an eSpansscno0
loans of SS4l6,100 Cash decreased Sf.Li-,, Ia:
made up by loss Of S2o4 700 in specie ana in
OF 81 OBS 800 in legal tender notes. DeposSnS
creased 81 t63 400 and the result OF az ,1, 20
was decrease in surplus reserve OF go last
to S34 IA 800 against SS.22S.ooo TINS We" tsl5
year and S3i.SiGIi5 in the same tiI no,eer this
The foreign exchange market was stron h"ye the
week with closing rates about cents a ~, heid
o,a imnort,no noint Selling Of foreign ~ ~
American securities and the ia'ene''