New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-16
sFx dividend.
BONDS.
THE DAYS OPERATIONS n STOCKS.

Higher prices for American securities in Lon
don and evidence Of substantial buying In the
local market were responsible for a better range
Of values in the greater number of Issues. I'M
portant market interests were active in accumu-
lating stocks. Rear traders. who reluctantly
changed their tactics. We're forced to cover con-
tracts at rapidly advancing quotations while
commission house buying for the account or
public traders was materially enlarged. Scnti-
mcnt among the larger operators was unmis-
takaplv bullish The smaller traders were not
slow in following the lead Of more important
interests and rs prices advanced uneasiness
over the monetary situation decreased IN pro-
portion while at the close opinion in specu-
lative circles was inclined to credit the state
ments recently made In banking circles that
there would be stringency In the money
market or course. professional traders have
not been worried at am time on account OF the
position Of money. but IT has suited their market
operations to affect extreme nervousness over
the financial situation.
Outside Of carly weakness in Sugar Refining
the marke, presented no important dealings.
and the willingness Of prices to move ire
spective Of Sugar was considered n symptom
Of strong supper. from prominent sources. From
hints made by weil-informed bankers. it may he
better and that the necessity for large gold
imports Is not considered urgent. Neither stcr-
ling exchange nor money rates made importan nj
changes yesterday. The fact that payments on
bond accounts have nearly all been made leaves
the interior demand for accommodation the only
important factor working against an increase
in hank reserves; hut az this demand VIII be
offset by gold imports. increased bank circula-
,ion Government deposits In banks and con
tinued heavy Government disbursements in ex-
cess OF current receipts. there appears no rea-
son for expecting further material reductions In
local bank holdings.
~ the American Sugar Refining Company
would publish reports Of It's financial condition
the value Of the stock an investment might
be determined Nobody except officers Of the
trust knows whether not the extraordinary
dividends paid are earned. The effect Of trade
competition upon the company may cause a
reimbursement Of dividends. as II IL now supposed
N he doing on the market value Of the stock.
and pending the next dividend period II would
enpear vise 10 give Sugar stock wide margin
Board room gossip reports that the public holds
Sugar II this Is So insiders will not buy 1t AT
present prices II is long time since sugar
sold nj par The stock heavily dealt In
| Yesterday its early price showing n substantial
| loss which however. was recovered before inc
close The Pacific stocks were very strong. also
the Granger shares and the greater number OF
Industrals American Tobacco advanced nearly
Z points. 70 1904. closing at li8n American
! Cotton Oil Peoples Gas and Rubber stocks Were
| notably strong Reactions from the best prices
were not important. the advancing tendency he'
ing well sustained Throughout. the day. with
| final figures near the top