New-York tribune., 1900-08-15
BONDS.
THE DAYS OPERATIONS IN STOCKS.

There was some irregularity in stocks in the
early dealings. but later the market developed
remarkable strength The closing prices were
IN many instances the best Of the day. The
heavy engagements of gold for export and the
unexpected death Of Mr. Huntington were prac-
t1cally without effect. Aside from the fact that
August is normally month Of rising values.
speculative operations while small. have been
and are likely TO continue for the present Of a
nature calculated to maintain If not TO en-
nance prices Current quotations are compare
lively low. and interests identified with different
properties have been steady. If not large. buy
ers of stocks Besides, the combinations effected
in the railroad and Industrial fields have i'm
parted a considerable degree Of stability in the
market the securities directly concerned, and
incidentally 10 miscellaneous issues
It was not especially surprising that the
death Of Mr.. Huntington created little disturb
ance in the stocks with which his name was
connected He was a farseeing man, and it
was promptly recognized that, IN accordance
with his habits OF life he must have taken the
precaution to keep his affairs in such order that
HIS taking of would not interfere materially
with their conduct. His associates in business,
indeed. voUchsafed the information that. while
his loss would be deeply felt, it would not be
followed by any arrangement Of his large In
terests. The stocks dealt in the Stock Ex
ally TO control were those of the Southern Pa
cffc Company and the Pacific Mail Steamship
Company. The consequence of the news that
Mr.. Huntington was dead was a decline OF less
than / per cent in the first. which was nearly
recovered and there were no dealings whatever
tn the second.
The forwarding Of gold TO Europe constituted
the influence Of greatest potency. and yet IT was
viewed with comparative equanirnity. It was
almost ignored. It is unusual for gold TO depart
from these shores without an accompanying fall
IN stocks. The belief seems TO be that the coun-
try is so full Of money that the gold exports, no
matter what proportions they may attain, will
not produce any appreciable Tightening in
money, while the demonstration Of the strong
financial position OF this country, in coming to
the aid OF Great Britain viii vastly improve
the position OF American securities in the eyes
Of foreign investors and speculators. There Is
no telling when the outward movement OF gold
Will come TO an end, but IT is reasonable 10 as
sume that It VIII proceed for a time yet,
The Atchison issues were most prominent in
Ghe dealings on the Stock Exchange The de-
,nand for the common was particularly good.
and fl rose sharply. There was a steady in
ouiry for Union Pacific common. but it's gain IN
price was not important. Offerings Of Southern
Pacific were promptly taken. and its loss for the
day was only one-half OF 1 per cent Large
short contracts in st. Paul were closed, and the
stock advanced easily. There were rather ex-
tensive sales Of Baltimore and Ohio common,
which sustained a material decline. Brooklyn
Rapid Transit was fairly active and accom-
plished a further Improvement in price. There
was considerable doing in American Steel and
Wire, Federal Steel and other steel stocks, and
in American Tin Plate, nearly all Of which
5oyed substantial advances. There was q nota-
bic inquiry for Consolidated Gas rights.
THE DAYS OPERATIONS IN BONDS.