New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-15
RONDS.
- DAYS oPERATIoNs IN sTocKs.

-c+,c,, market trading showed a slight increase
- rba volume Of business as compared Win the
-receding davs Of the week but the genera
course Of dealings presented no enllvenlng .!
significant features. Great irregulaFIS i'N'
the movement Of values. Final prices Us d O4e'
,,era under Thursdays closing, without now
ever. many striking losses At times theIe "p
nea-ed to be liquidation Of long Stock allhouel'
The greater part of the selling was LOT the sho'
account Traders were bearish pecause % w
nronosed coal strike and because OF unfavor-
- e,raoaers If to-dav's bank statement Inc
,o-A,- market situation received more or less
e++ention owing 10 the German loan Wnicn VIII
tA Aoa-ed here and TO the increasing oennaho
for money from the interior but bankers were
not inclined TO predict material chanse III 'e'O
ing rates American Car and FounoIv ISSue'
z.kra the only conspicuous strong FEATURES III cii
marker their strength coming from buying IN
67Iced l,- the favorable position OF the coiiF0i'
IN earnings The other industrial shares "ei'
,,n5sr pressure and the railroad STOCKS III gen
- 80 heavy. with several sharp declines
noted a report was put out that 1ne lal se'
interests in the Street were working for lower
prices in order TO take the market Out OF It's
present stagn4nt condition.
The trade Of the United States in August with
foreign countries amounted in value to Sl64,-
$50 4O4. exclusive Of the gold and silver move
r,ents OF this amount S103, 262,419 represented
exports the excess over imports being S41,o5o'-
IA against an excess Of S3S,oO2,2lO IN the
came month last year With the exception Of
August. 1899 the exports for August this year
we're larger than in any corresponding month on
record. and S34 661 .463 larger than in August
four years ago, when the Bryan campaign was
upsetting business Current international TRACE
figures present good arguments for retaining IN
mower the party that always brings prosperity.
C,f course with such an enormous trade balance
in this country aversTecent gold exports rep
resented nothing beyond money market necessl-
tics abroad All countries are In debt to the
United States on trade account, and all coun-
tries t,7rn TO the United States when they need
money This is the cheapest money market IN
the world it is the safest market for the invest
r1ent Of money. and il Is becoming the clearing
house market of al nations
Notwithstanding the attractive home invest
r,ent fields American capitalists are willing tc
snare some Of their funds TO help out foreign
Governments as reflected in the recent British
loan and in the demand for the proposed German
loan No one doubts the ability of local finan
ciers to take as much as S25,O0OOoO Of Ger
man national loan, and to place it without dis
,,,rtir, the money market. If Germany want
ravrnent in gold, It can have it; or the loan ma!
he settled through the shifting Of our credits
abroad. This country accepted a British LOAF
and sent over S1s,000,0O0 in gold to London
The money market was not affected by tn
movement and gold exports as the result Of ;
German loan will not be likely 10 have par
ticuar effect upon money rates. Interests which
VIII finance the loan say that gold exports ar
not contemplated. The known movements o
money this week suggest q loss in the casl
holdings Of the banks, At this time year ag
ca.ll money was 4a6 per cent, and a week late
II ran up 70 Is per cent, which was followed
later on in the season by q rise to 40 per cent
Gail money is in good supply st present q
1AG11z pfr cent.