New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-15
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Trading in stocks light and prices moved
in an irregular manner. with final figures show
ing only small net changes In the greater num-
Der of issues There were few more net losses
than gains The brilliant factors in the general
business situation reflected In weekly trade
reports the splendid statement OF foreign COM
merce for September, and the Improvement In
local and foreign monetary conditions we're dis
regarded by a professional element that is bent
upon depressing values. Efforts OF this sort
doubtless will continue until the substantial
leaders decide that the time Is ripe for ad
vance But pending an upward movement II is
not safe to count upon any decided setback.
The market Is pretty bare OF sellers. save the
shorts. The short interest is large, and the out
look Is not favorable for successful short sales.
The bank statement showed small gain in
surplus reserve. and because big gain was
hoped for stocks were sold on the publication Of
the statement. End OF the week money cond-
lions were far better than those Of the first part
and as the bank exhibit is made up on an aver
age system the actual holdings Of the banks
were much better than shown In the statement.
The complete statement Of foreign commerce
for September shows excess OF exports over
imports for the month In value of $50 076 300
against a year ago OF $40 1S9 $50.
The actual volume OF exports was in value
about S2OOOOOOO heavier than in September
1898 while imports larger by 500 0O4 D9S.
For the month exports amounted In value to
$40 437 $50. the heaviest total for any Septem-
Der record. and with the exception OF January
the heaviest for any month this year. In the
last five years there have been only ten months
in which exports have been heavier than in
September this year. In September year ago
exports amounted in value to SW.G45.931. and
in the next month they jumped TO SllS.6lo.JG3.
Using these figures a basis for comparison
the September record OF this year ought to
make an astonishing jump in October espe-
cay as exports Of breadstuffs are now heavier
than last years record and as cotton has just
begun to move forward in large amounts.
Wheat exports last week were well above the
total OF the same week year ago, while In the
last two weeks exports of corn have exceeded
by 2.OO.GW bushels the record Of the CORE
spending time a year ago.
The foreign demand for American products
continues to increase despite the advance In
prices. while the war the Transvaal will tend
TO widen an already large foreign INJURY for
food products. This last named factor is al
ready reflected In enormous orders for canned
goods for shipment to South Africa. With such
conditions ruling in this country's foreign trade
no adequate for pessimism the
strength Of the financial situation can be found
This country Will soon have the absolute con-
troll of the foreign exchanges and the time Will
come when New-YOrk rather than London Will
be the financial centre and clearing house Of the
world Factors Of this sort are extremely graft
flying and encouraging to the investors in Ameri-
can securities. To the Spectator who chases
fractions on the Stock Exchange they do not
| appeal. but the day will certainly be wher
| under the influence Of accommodating evidence OF
| National prosperity the stock market will enjoy
| the advance to which IT is entitled by the grow
| ing actual worth of securities.
The usual weekly table showing net price changes
in the more active issues follows: