New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-10-05
THE DAYS OPERATIONS IN STOCKS

stock market trading was light and lifeless
sc,th prices generally frmer and in some cases
az substantial net final gains The fact that the
market presents many attractive opportunities
for the purchase Of good stocks at bargain ne
ures does not appeal 70 commission house rao-
ers who lost heavily in the recent liQWdauon
And as long as money rates average their cur
rent high level il IS not likely that the pubic
will enter actively into speculation. BESIDES me
restraining influence ~ the money market me
fear in many quarters that prices VIII 20 io"ei
before they 20 higher undouhtedly Keeps some
>,.e~o4ors ont II the market Values may 60
lower but e they do there Is little hkehhood
cha, he level reached will hold FOR any material
length % time There is nothing IN the situation
% senress prices permanently. There IS nothing
outeide Of money market factors that bear trad
ers can use successfully. The worst Of the money
snueeze IS over. and later on. with normal
money market. the factors governing actual
worth will receive a more adequate reflection IN
stock values.
ThA advance IN foreign discount rate and the
,oesihintv Of further advance In the Bank or
Tngland's rate are not conducive TO DUH en-
,busissn2 either f. the London or the local mar
tet But then there is no reason Tor pesslnllsm
over the situation far az this market IS COIL
cerned for II gold IS required here-n imports
a. ,.-ga amount become an actual necessity
,,.ho~ discounts abroad will not make gold
.b,,,,en+s 70 this country impossible. The FOCAL
,rerlet vould be vastly improved by the receipt
=, ahout 2OeOaOO0 in gold from Europe ana
6esn,te the desire Of the Bank OF England 10
-,revent gold exports to the United states il -
MORA than likely that round amoun's-ieliaPs
es much as S2OOOOOO-wih come TINS wa! De'
- --irter 60 far the actual necessity for as
Gold INN
naveloned. 1t Is even said in certain quarters
- ooa4o nor cent money rates Of the last
.a,v davs have been due to manipulation more
-. % a,v great scarcity OF funds. IL may
=. o,,aar nossIble 10 some people that money
-. oo,,,d he under the influence OF manlpula
49,. 49,. IN Wall street there are people VINO
.-,,o+o the money market just as otheis
a,r,la+e the stock market. People Win zoo"
-.,,o+a~., sbould find no difficulty IN securing
a,~,oda+ion at reasonable rates ana any
- ,rbo willingly pays 80 or 40 per cent IT,.
,~orev Is 10 be pitied. II there were IN ~
.cercitv Of money time funds would mo- '"'
Ground their present comparatively eA7'
The more prominent speculative lssoe' H'1-
- .o.,erdav's market. Jrreguariy was pro-
,ounced throughout the day but as a rui7 nv
advences were recorded. Professional uauei
oo.rn+ions represented the greater part W e''
business Railroad earnings le0e''0 =,
.or the fourth week IN September ana loi INC
month OF August made interesting cofnpai'soi's
fo- holders Of securities. Southern RACINE '''.O
Rock Island for August showed heaVy gains -
-. aorninqe despite large increases in operat-
g.. aVnenses OF the smaller roads hatterins
evbib,ts were made in gross earnings Tor sep
,eroher by Ontario and Western. Mexican Ma
,,onal Hooking Valley. and Wheeling and Lake
Er'e-
THE DAYS OPERATIONS IN BONDS.