New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-08
BONDS
TIE DAYS OPERATIONS IN SToCkS.


TIE DAYS OPERATIONS IN STOChS.
TIL .:ock market attained its greatest activity
In the last hour Of trading. when under the IN
hucnco o. higher money rates and aggressive
hear a,;achs prices sold oH N a moderately
heavy volume Of business Cntii the afternoon
operations except in few issues. were con-
Quoted upon light scale. with small variation
IN quotations. six stocks furnishing the greater
part 81 The transactions and the same issues
supplying the chief movement in prices. Aside
from the monetary situation there was no
reason for the light business transacted while
oct side Of profess oral opera tiOns no excuse was
offering for the sacgiHc tendency OF values Tn
III gold imports begin in earnest an uncertain
market will doubtless prevail and mean while il
would surprise nobody. save the enthusiastic
small hull trade. - prices reached slightly
low er level u woUld appear wise. however for
interests now shof: OF the market to cover on
reactions. for this is a null period in the coun-
trys history. which must necessarily fEd renec-
ton in the stock marke. no remote time
Trading yesterday almost wholly profess
.ionaI. commission houses doire little CT moth
Ing except l'quida;inc small accounts in the late
decline Opening prices were al irregular changes
from Tuesdays closing but subsequently de-
=
the principal other railroad stocks advancing
ST Paul earned : per cent in its last fiscal year.
Action On the dividend will he taken to-day and
whils the rate may no, he advanced. stOckhold-
ers will have the satisfaction Of knowing that
their holdings are particularly valuable and we'll
worth keeping desirable investments. The
tape indicates that 81. Paul's dividend will he
increased hui conservative opinion docs not
seem 10 favor an advance just now. II ST. Paul
receives a higher dividend the effect upon spec
uiation should he marked. SuGa~ Refining was
the weak feature Of the market. due To manipu-
lation. and in the absence 81 support the gen
eral list sold lower In sympathy furry in call
money rates-a development against which
small traders have frequently. been warned
caused more pronounced weakness in the after
noon. many insecure accounts being shaken out
by the reaching Of stop-oss orders Sugar Re-
fnins lost over per cent. and some Of the more
active railroad stocks per ccpt and above. Call
money advanced 10 per cent. hut the days
business done in great part below that rate
Sterling exchange was again weak Unless the
situation undergoes a sudden change heavy gold
imports are a matter of a shor, time only.
Railroad earnings now coming 10 hand for the
last week in August and the month tell story
Of business growth far beyond general expecta
ton. and reflect tho approach 81 dividend in
creases and dividend resumption. The showing
for August is especially remarka bic. for com
harrison is made with month a year ago when
earnings gave substantial gains over the same
tine in 1890 OF thirty-two roads reporting for
the month on Tuesday. twenty-five showed gains
Of 81 11O276 over August 1897 and seven roads
losses of sl93.91@. And the reports received yes
terday made equally favorable exhibits. 1t is
not surnrisne that market interests look FOR a
considerab BILE appreciation in securities values
before the year is over for larger dividends by
corpanies now in the dividend list. and the re-
turn to the dividend column ~ roads which Tor
a long time have not made any return 70 ther
stockholders II is good time 20 be the owner
Of American railroad stocks and bonds. For
erners are gradually realizing The value Of our
securities. and in buying at the current leNe
they exhihi: wisdom hat VII donh'I"es nct
them dollars ard cents.
THE DAYS OPERATIONS IN RONDS
GOVERNMENT BONDS Sales. 81 Wn cou-
pon IS Of 1872, al l27. 50 800 at 1874. $1,000 az
1878. and F?'G7oo IS when ssuedl a. io'4
1o.i, Final quotations follow,
Us s;,'s " IS ~ ssr 's s,i :3s D., ''
Us =. 1911 cou l1I's ile'. cher. $, .ioI
- a' ~ rex g! =: ' %; 3. as ,os.
Us s.. iooi rer'i i2 III a. sinai. .,oi'4 1873,
STATE ESTES Virginia 6s deferred re-
ceipte So0mn sold a. :?
RAILROAD BONDS. Market irregula- at
small final changes. Total sales amounted IN
pa aluc to So. 10000. against S2,5l+,"M on
TUESDAY The heaviest dealings wer" in he
Atchison issues. Reltimore and Ohio consol -.
Chesapeake and Ohio +ias. Evansville and Terre
Haute IS Houston. East and West Texas rs.
Iehigh and Wilkesbarre coDsols. Kansas and
Texas 1st As New-York Central Lake Shore
3,Ss Northern Pacific prior As. oregon Short
Line income r. Pit,shurg. Shenango ana Lake
Erie lists Reading As ST. Louis Southwestern
lists and IDS Southern Railway rs Union Pa
cifc IS Union Pacific. Denver and Giif ISIS.
Texas and PaCifc 2ds. Wabash debcnture Il.
Wisconsin Central LIST receipts. Brooklyn Ele-
waited Is; receipts. Columbus and Ninth Avenue
lists Erie prior As Houston and Texas central
az Northern Pacific general lien 3s. Ohio South
ORR a.. San Antonio and Arkansas Pass As Union
A. and Va IA a