New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-16
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Il & T % SIS COX = 4 do D Bs..-..- SS9s : p
THE DAYS OPERATIONS IN STOCKS.
Developments of a favorable character in the
money market and growing confidence in spec
ulative circles over the political outlook
sponsible for increased dealings and advancing
prices in yesterdays security markets. Com
mission house business was heavier than
any other day for several months. Boardroom
traders were active and buying for substantial!
market interests reported. The days
buOyant market naturally created a cheerful
sentiment in the Street, and at the close of
business spectators apparently were convinced
that a genuine ante-election bull market had
begun Spectators opinions often change
overnight. Brokers who usually operate for
Mr.. Keene bought a number of stocks, and it
was reported that the so-caIled Gates crowd
had changed its position again to the buying
side. On the advance heavy realizing sales
took place, but the pressure was not sufficient
ly heavy TO make any important impression
upon values. The local traction shares were
strong features the old report about Metropol-
itan control of Manhattan attracting buyers.
Buying of Union Pacific came from excellent
sources, and the greater number of first class
railway issues were in fair demand from sub
stantial operators. Pool buying helped Sugar
Refining, and further covering of shorts
carried Peoples Gas above %. Buying of divi-
dend paying stocks was a feature. securities
such Pennsylvania New-York Central and
Burlington being taken by houses that repre-
sent important interests. Money rates were
not high, and increased gold imports and
lighter demand for funds from the interior were
prominent factors in the days advance.
Exports Of merchandise in September were
in value 5,747 .533 larger than in the same
month year ago. while imports were $11,149-
were also lighter In September than in any
month of the year, but exports were the heaviest
for any month since April. Total exports were
in value $115,634.210, the excess imports
being $56,O71,304, against $50, 174,712 in the
same month last year and $40 1S9 $50 in 1895
For the nine months of the year the excess of
exports over imports has been $4O7, 224, S95
compared with S316,575, 1O2 in the corresponding
period a year ago. In the nine months ended
September so 1896, total exports amounted in
value to $66606 $50 In the nine months ended
September 30 1900. total exports amounted to
S1.O31, $50 401, good part of the increase, as
compared with four years ago, rejecting the
growth Of the countrys manufactures under
sound Republican economic laws. The record
Of foreign trade in the last four years is a rec
ord of this country's resources. The country is
prosperous, because it's resources have been
fostered by sensible tariff legislation, by cur
circles
in the stability of affairs under the sound money
and trade expansion party. Growing foreign
commerce has made the United States creditor
nation. The election Of Mr.. Bryan would check
our exports Of merchandise and force gold out
Of the country. Colo is coming to the
United States in settlement OF trade debts, and
the growth Of the country's financial resources
has been so great that local banks are able to
draw the precious metal from all parts Of the
world, shipments now being made from Eng
land, France, Germany South Africa India
Australia British Columbia Alaska and the
Klondike. The amount of gold which this coun-
try may draw from other countries is not meas
ured by current imports as New-York will not
seek to cancel all its credit balance when for
eign money necessities are so urgent In the
current competition for gold among all nations
Il is a significant fact that after thirteen months
Of idleness the South African market is making
its first shipment to New-York instead of Eng
land.
The local investment markets have absorbed
vast amounts Of foreign held American securi-
ties in the last six years, and Europe's former
method Of settling trade accounts by selling
American securities is no longer possible TO any
important extent Europe is not heavy holder
of American stocks and bonds. and foreigners
who still own American investments show ne
disposition to part with their possessions. Their
attitude is due TO the fact that American credit
has taken great forward strides in the last few
years; also to the better investment yield Of ou1
securities as compared with foreign issues an
20 the belief that the country's credit will not
he upset by the November election. The con
siderations noted may not lead to an extended
bull speculation on the Stock Exchange at The
moment, but they viii strengthen investment
confidence in stock ard mortgage issues while
eventually they should induce much higher
market prices. barring, Of course. Bryan's cleo
ton. Efforts are being made in speculative cir.
clcs 10 discount Bryans probable defeat. Mr.
Bryan will begin his work in New-York to-
night but Wall Street betting does not indicate
a belief that the candidate Of the Popocrats viii
change the sentiment of New-York State which
is strongly opposed to Bryan and his so-caIlet
principles.
THE DAYS OPERATIONS IN BONDS.
CONFINEMENT PONDS Market STEADY E7,,a