New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-09
BONDS
THE .wEEK IN WALL STREET

The recent decline, IN stock values had little
,ic>,rce as far as real values We're con-
mod There are,tinles wnen a declining mar
10. mans = derre-,i lar ion I'm tho intrinsic worth
- securities. and AZ those times investors nat
,,-au, view with alarm the loss in market QUO
,atiors saccirg market due 10 declining
1,,sir.s= 10 raaIroad hankruIfcy and to Ma
,ional distress is snnethdne different 'T"'"
soqoino market inGs:ccd by temporary ana
nassiug Influences HraVN LIQUIDATION IN S'''A7
hos no, been due 70 any influence affecting the
underlying worth Of securities Nancs nave n''
denrociated although quotations have. Specu-
1oti,e Humiliation has goecn heavy ana eHecuVe
IN STRENGTHENING the technical props OF 'he
market Stocks have passed from the hanns OF
n.sal traders to the coWrol of powerful man
c,al interests substantial operators VINO SOFA
6. paul ., 13G carly in September bought It
hack last week AT 12} operators who SOLD
Rrool,lvn Rapid Translna from 10 70 13o sev-
oral months ago bougla it back in the recent
decline below 81 The same course has been
-,,rsuea with other stocks. In August 'and early
centanoher some Of the highest prices Of the
,,,ar were made. and on these prices-the June
buyers took their profits
people who sold stocks in August and Sep
ternber are in the market again. Ih'N are IN
control Of the market. and while they may n"t
he able e. induce public buying movement
until after the fall elections. they doutiessjWliI
be successful in slowly adVancing prces me
market last week showed chat the ownership
~ stocks is centred IN strong hands. The street
is becoming accustomed 10 q per cent money
rate and with stocks out OF weak hands iurthei
,oa,in,lation Of rates 70 2ONi0 per cent is not
likely 10 cause any marked dcclhe'in prices II
Tho November elections develop unpleasant
surprises. the bull movement that ruled in the
summer will doubtless he resumed. There is
nothing In the business situation 20 encourage
the idea that a reaction in industrial activity IS
a. hand and there is no uneasiness among bust
ness men I'm general over any feature of the
situation Actual values cannot break down
and stock values must in the end re- -rnct the
strength Of the intrinsic worth a securities
The highest rates for money doubtless have
been seen The time is not fan off When the
interior currency movement Will turn in favor
Of this centre and II the business requirements
Of the country should need further assistance
the Treasury Department likely would lcave in
ternal revenu" receipts on deposit With tn
banks The gold import situation has beer
changed by the higher discount ratcs-n Europ'
and the sitter tendency e the sterling exchange
market but If This country needs odd Tho
chances are that it will get it despite he OBJ
J'''''i'S ~ i~"''P' - 'N'i''
country is constantly increasing. ana the only
unfavorahle aspect Of the situation is,the lock
Ing up If So much money IN the Treasury
which otherwise could she so profta bly,. employed
in the channels of trade In the last two month";
'"0 treasury mas ann NM go
'ei"' '""" ''' 80 no. -. - 49,
WIZ" S'"' az 49,. goo ono GOO
!" Gil -'"'.'' a. -. 5000 .,
most OF "N'H y J." '"' ''''''-'' anu -
'h' han'S 'i ''' ,i'' '' '''N
oahNS ""N' '''" ~ ''''' '''' -. 10 -
cash h''''''SS al '''' "''"' ''''
ina" '"'y were S'"' "7
lie SOON "-""' ''" ''
wen anu "''''' go. 49,.
run ' " 80 ,. -
&c., ~. GOOD t,,,e~e and more interest
I"''" 10y t''" ''''''' ''' '