New-York tribune., 1900-08-21
BONDS
THE DAYS OPERATIONS IN STOCKS.

The declining tendency Of stocks became per
hans little more pronounced yesterday al
though business was limited scale. The
buying power seemed practically to have dis
appeared. Anyway there was not enough OF
demand for stocks, g whole to impart any
perceptible support TO them. On the oIheE
hand. there was no special pressure Of stocks for
sale Had there been the loss in values wou-d
have been larger. The disposition of spectators
seernAd to be 10 abstain from any important
ventures pending the disclosure Of more posluNe
signs as 20 the future OF money. AS the eIeCuoh
presumably is not In doubt, the probable STATE OF
money during the fall constitutes more potent
influence in the stock market than the Fresi-
Dental campaign. There may be poiuca4 SUI
r1fses and sensations that will now anu '14e4
+sr,norerilv affect stocks but the factor OF con-
4inuing potency will naturally be money uIIsss
Snere should be developments in UNLOCKED LOT
directions
Gold exports have ceased. or have been sus-
rended. and the Government is disoursing
heavy sum in the redemption Of the extehoeu
ner cent bonds so that for the trnnaeuldIe pres
ent there is likely to be no pinch II no"eS'
Still This redemption operation VIII not fe4ease
a particularly great amount OF money "hen II
ss considered that II IS 70 be distributed over INC
entire country, whereas by far the greater par
rF The money obtained IN the East to move the
drawn from New-York. and VIII IN ehec' coi.
,esnordineIv decrease the facilities Of the wan
Ss.rae+ community There IS no probability lhaI
SrA Treasury Department will have to adopt any
snecial measures for the relief OF the money
market as IT did last year, but, despite Ine uil-
usually favorable conditions IN money the pIo0-
meet Is that current rates will BEFORE long oo
succeeded by higher ones. This Is ABOUT In0
time Of year when currency usually begins 10
Cow TO the interior.
The death of John D. Flower was deeply de-
r,lored but 1t had serious effect on sIocRs'
HIS health had been poor in recent years and he
had not taken very active part in Wall Street
s4fairs although his firm, Flower & Co.. is an
synnortant one He was connected with rev
oonpanies IN an official capacity. The so-caneo
Flower stocks Ike Brooklyn Rapid Transit, Peo-
ple's Gas and Federal Steel receded somewhat
on the news Of his death, but subsequently ac-
eomplished a partial recovery. The dealings IN
People's Gas were the heaviest Of all stocks on
the list, and It sustained the largest net loss
Of ell Of the Flower stocks Brooklyn Rapid
Transit was next IN extent Of transactions "A
suier understanding Of the company's annual
rsport induced purchases OF the stock. and in
4ba circumstances It was considered to display
strength The offerings Of Federal Steel were
not extensive
There was a notably good demand for Ameri-
can Steel and Wire and it made a fair gain in
price The other steel stocks were comparative
" neglected. General Electric moved up rather
sharply on moderate buying. There was hquida-
ton in Sugar Refining. under which it fell off.
No changes of consequence in the trade were
reported, beyond the fact that the new orders
for sugar were light The selling Of Union Pa
cifc the Atchison issues and St Paul was Of
some proportions ana resulted in recessions in
the prices Of these stocks. There small
Improvement in Southern Pacific.