New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-05
BONDS.
TIE DAYS OPERATIONS IN STOCKS.


Operations in stocks yesterday were on fair
scale. but the course of prices was somewhat ir-
regular. The uncertainty as TO money inter-
fered more with values than anything else
There was no increase in money rates but oW-
ing 10 the rather peculiar situation both at home
and abroad there apprehension that loans
might be affected For another thing. there was
doubt as to the character of to-day's bank state
ment The known movement Of money was In
favor of the banks but not TO an extent suf1-
Client 10 insure a good statement. The flow OF
money into the Federal Treasury was tri1e
disturbing although 1t thought that the
Secretary Of the Treasury an experienced imam
cier would take steps for its release before there
IS any large accumulation. Up to date there
has been no call upon New-York for money 70
move the crops, and II is hoped and believed
that the draft upon this centre Will not reach
The same proportions as in former years. The
banks In the crop regions are we'll supplied with
money. 1t Is only in the East, and more espe-
rially IN New-York. that there is anything Ike
tension. Even here there is no actual strain 1t
q the fear Of stringency, rather. that animates
tbe speculative community. Current rates are
not high. They are not low-that is the point
Money can be obtained without special difficulty
when borrowers have acceptable collateral.
There was another fall in sterling exchange
which reflected the piling up Of exchanges here
or, in other words. the multiplication or Eu-
ropes debt to this country. 1t matters not II
some Of the bills on the market are futures; they
represent STUFF that will inevitably go forward
There are far more bills which were Issued on
account OF exports already made. So Significant
has the exchange market become that talk Of
gold imports in the near future has been excited
Efforts will be made by the Bank Of England
and other European institutions to prevent gold
from leaving their shores, but they will not avail
Ions Europe will arrange for some Of It's In
debtedness TO stand as loans, but so much Of It
will have to be paid in gold that the shipments
TO the United States will inevitably be very
heavy To try TO name the amount Of them is
guesswork. but some estimates of the receipts OF
gold before the end of the year run as high as
S1O1O0OOO0.
There were reports Of impending strikes in the
coal regions and railroads, but they were not
confirmed and appeared to be circulated for ef-
feet on the market. The Union Pacific Railway
was singled out as scene Of trouble, and tho
stock wcs offered down. officials of the COM
pany said they had not received information Of
the intention Of their employees. or any portion OF
them, to quit work. Stories OF damage TO wheat
and corn were put a1oat evidently TO depress
the stocks Of the granger roads but they were
not generally believed and their influence was
not sufficient TO produce more than fractional
losses in the stocks named The chief activity
in Continental Tobacco and American To-
bacco in which there was skilfu and successful
manipulation Material advances were recorded
for both stocks. There were again large deal
ings in Tennessee Coal and Iron. with small
Improvement in the price OF the stock. 1t was
understood that there would soon be develop
ments Of Importance in the affairs Of the COM
pany. Confidently liberal demand appeared
for Colorado Fuel and Iron. and there was
sharp rise in the price. There realizing in
Brooklyn Rapid Transit. under which II receded
somewhat There profit taking likewise in
Sugar Refining and ii receded in price.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS-Market strong Final