New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-27
BONDS.
TIE DAYS OPERATIONS IN STOCKS

Pronounced strength in The greater number
OF issues with increased commissions house buy
ing marked the course ~ securities trading
yesterday This was especially noteworthy in
the Pacific stocks. 81. Paul and some OF tbs
Industrials. where important advances We're
made upon a heavy volume OF business. Cur
rent activity in tho industrial shares is an en-
couragirg sign OF expanding business In the In
dustral world. Wall Street is quick TO detect
the indics lions that point toward prosperity lin
the mercantile pursuits and in It's Willingness
to purchase the shares Of industrial concerns
shows a firm belief in an approaching era OF
great business growth and prosperity. The
low priced shares in the Industrial list be
coming more popular. as instanCed In the pres
ent dealings in Standard Rope and Irvine,
American Cotton OIL and other recently idle
issues. The hrst-nomed stock represents we'll
organized company that in the last year has
made a record of which the security hoders
will. it is believed fee justly PROUD. The COM
pGny's bonds have been extensively traded in
the last few DAYS and the stock will doubtless
sell considerably higher
Tlmid people who do not realize the enormous
strength OF the country's foreign credits are ad-
vising the sale Of stocks. because they assume
that money rates are going TO be too high for ac-
tive bull speculation The recent fall in the Asso
ciated Banks reserve due in grea: part TO bond
payments might foreshadow stringency. were
1t not fer the fact tina, gold imports can be
made at any sine the situation neeos additional
funds. Already slightly harder tendency in
the money market has brought forth the pre-
dicticn that gold imports will soon begin. while
London dispatch yesterday stated that
movement of gold TO this country could not long
be avcrted. The demand Cor funds from the
interior is somewhi; heavier. but the interior
movement this week has been in favor Of the
New-York banks Money Will doubtless rule
frmer for the balance of the year. but there is
nothing in sight that can possibly cause strln-
gency. People who sell stock on account Of un-
easiness over the money market should make
a careful survey Of the actual situation Bull
markets have been successfully conducted upon
q much higher money rate than that now ruling
Heavy buying of Union and Northern Pacific
stocks is based anon the companies favorable
dividend prospects including he common as well
as the preferred Northern Pacific preferred
pays per cent annually. and the common
stock is now moving as II 1t too would soon be
on the dividend list. II was reported early in
the summer tina; Union Pacific would begin
dividends on the preferred stock at the rate Of
per cen. p year. but 1t is now hoped that the
company will. like Northern Pacific, be put
upon a per cent basis. ST. Paurs friends ex-
pect an increase in the dividend rate or an
extra dividend and are buying the stock in ex-
pectation Of favorable action by the directors
Manhattan was strong again on covering OF
shorts and renewed rurlors Of favorable de-
ye,opments affecting The company's future The
buying as rule. throughout the list was good,
and sentiment was bullish at the close.
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS-Salos, 10000 b
(when issued) at 1888 G1OJ'.. Final quotations