New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-27

THE DAYS OPERATIONS IN STOCKS.

5vu and professional market ruled IN '''
Stock Exchange yesterday operators f'r the
decline. succeeded IN depressing some ~ the more
active Issues 20 small extent "h'e IN '"'
Greater number Of shares net losses weF" SHOWN
Co, tho jav : further calling of loans W''n
money as hieh as rs per cent and ~ per cent
nfa al the close. served to check me-" Ne"'N'
81. the rise. while tho approach II the I''H ""''-
.lav at the ,nd of the week eXertod ieS''"i"
.. t,on.,.a uro1 commission house specNia-
,f., Announcement Of large gold import 81"
raeomont failed % stimulate bull a'uNi'E' az
though il created an easier i"'.lhN '''' 10"
NANCY market outlook. Money is nov scarce
aosrife the Iow position of bank reserves. h''
,o,yers with good collateral find mo- diihcu'N ''
....,,,i,, accommodation AT quoted rates either
81 the banks up at private banking houses ''''
o,,,,,,.s.ion house lent Sloooooo on call yeSter-
dav at 9Ql4 per cent and seNeral V '"' ava
~.... ,,,,tinp houses were again active lenders
Collateral naturally is being 'i'seE S''
,,,fz.5 and II is not easy to secure loans upon
st..ks that have little standing Mixed coz
,o.r,l ss accented when the industrial securities
,ro a,,ilon1 ravers The hardship Of the cur
ROW, money market is confined in great part 10
-. .,,,,lo who have beer carrying more stocks
,1ar they could handle. and 10 the weak pools
, e,.raicatos that have been overloaded with
,,,,e,,fa1s If doubtful merit. In some quarters
d. g.; .,,,,-rt that the market will receive another
.taIs1oyrr before the readjustment or holdings
Incident 20 current money market conditions IS
,,,,ia.od but even in the most conservative
circles the opinion prevails that nothing snort
If an earthquake viii prevent an active upward
movement before the present period or business
evanston reaches its limit Stocks are certainly
slowly going into stronger hands, IN iact' Il
could not be otherwise in times when rich men
alone are able to meet the requirements OF d
tight money market. II the sagging tendency
runs on until money begins TO return TO this
city, there will be none but rich men In the mar
kot situation that nil not he unwelcone 10
rho leading interests in the Street. 1t IL T'h
mans market AZ present and small puoHc uau-
e,s will do well to be prepared for the sudden
fluctuations that the power Of money can orihs
about.
Loeitimate speculation IS not running ih'o any
snecial stock AT present. but manlpulaN"h j.
pronounced IN various issues, as American To-
hacco. Sugar Refining Metropolitan ana Man
A,,.ar Tho Streot-that Is. the professional
elemen,-is stin bearish on the granger shares
,soa,eo the & Paul dividend was not increased
but investment holders of these issues are no.
selling them nor are they disposed to worry
hecause il Is asserted in poorly informed circles
that current heavy earnings will soon react II
connection with this il is interesting 20 note tina
grain deliveries at Western points last "eel
we're heavier than in any preceding week 0
the wear. Southern Pacific appears 10 be wei
supported by strong interests in expectation o
big dividend earnings this year. an expectauo
that Will he justified if current traffc receipt
are maintained at the present rate for fe'
months longer The companys July net earn
inps increased over 100000 and II Is though
that the August showing VIII be even bette
Atchlson increased In net In August over 500
600. Earnings will count In the end.