New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-10
BONDS.
THE DAYS OPERATIONS IN STOCKS
sales were

S+ocx Fxcha nge transactions were light on an
irregular movement Of prices. Expectations OF
a bad bank statement were more thah IuHl"eu'
and after the publication Of the figures profcs-
sional traders sold the list throughout De-
clnes however. were not important "hl!e a.
the close many stocks retained good part ol
gains made earlier in the day. The banks los'
in sllrplus reserve last week So I3Z3Z0 ana ii
cash S1O571 900 Total reserve is now sZ4oS'-
OBS against S7O76. 725 al this time a year ago
and So6 Cos SO in 1891 Despite the heavy re
duction in bank holdings. leading bankers are
not alarmed over the situation. 1t IS genera'F
believed that the local internal revenue receipts
viii be kept on deposit with the banks py per
mission Of the Secretary Of the Treasury ana
that further gold shipments from the Facihc
Coast 10 NeW-Y York will be made AZ once III
cose the requirements of the market need
further assistance gold doubtless VIII be I'M
nor,ed from Europe There is J0OoOOOO more
money in circulation in the United states than
there was year ago. and the general monetary
outlook throughout the country is far from uls-
cOuraging.
The greater part Of the loss in cash holdings
was furnished by four banks. and, as matter
Of fact. the majority Of institutions showed only
small changes from week ago while several
hanks materially added 70 their holdings. no
+ablv the Corn Exchange. he Hanover and the
National Park banks The Bank Of the Man
haitian Company. the National CITY, the Ameri-
can Exchange and the First National lost in
specie upward OF 50. 1856 600. while the total net
loss IN specie in ell banks was 5000 100 and
IN legal tenders S356O3OO. These figures are
obtained from the detailed statement Of each
bank. and reflect a better condition Of affairs
than indicated by the consolidated statement
II would add much to the value of the bank
statement If a supplementary statement could
be issued showing the changes Of the more I'M
portant institutions. In the last six months
four or five banks have made the weekly bank
statements. and naturally the statements have
not reflected the actual position Of the banks In
general The surplus reserve is at the lowest
point touched since September 2. 1893, but the
conditions that have brought about the present
low level are altogether different from those OF
the uanicky situation Of 1893. At the las
named time money was being boarded anC
sent out Of the country owing 10 the loss VI
confidence on the part OF business men and IN
Vestors
In the early dealings several sharp advances
were made IN stocks, notably In Tennessee Goa
and Iron Colorado Fuel and Iron, Manhattan
Brooklyn Rapid Transit. Delaware, Lackawan
Ia and Western; Hooking Valley and lnterna
tonal Paper. The demand for Mexican securi
ties wae again q feature OF the trAdiNg, am
the character u the buying reflected activity Il
these issues by strong market Interests. Mexi
ran Central income bonds were dealt in to TN
extent Of 100000 (par value). furnishing one
third Of the total dealings In oil issues. Mexican
National stock selling below 3 has been Wei
bought IN the last few days and II IL though
that preparations are making to put the pric
considerably higher. Commission house opera
tons We're not heavy; but mainly on the lon
side Of speculation The market closed at II
regular changes from Friday
The usual weekly table showing net price change
81 the more active issues follows.