New-York tribune., 1900-11-08
BONDS.
THE DAYS OPERATIONS IN STOCKS


The stock market was strong and buoyant,
and despite heavy realizing sales prices recorded
substantial net gains in the greater number Of
issues. IN many cases the upward movement
amounted 10 and 3 per cent Improvement,
while in few stocks even greater advances
were reported. Naturally the result of the cleo
ton the important influence in the days
course OF values. but in addition railroad earn
irgs and money market factors tended to create
speculative enthusiasm MoneE ruled at Acc
per cent and no difficulty was experienced by
borrowers in obtaining all the funds they desired
as long as their collateral was attractive The
money market is not al the moment in posi-
ton 10 finance a big speculation in stocks at
easy lending rates; but il possesses all the ele-
nents Of intrinsic strength, while The general
conditions surrounding il are moving in favor
ot increased supplies al the centre. Rates for
money may rule high in the rest of the year. on
account Of active demand from trade and in
Nestment circles. High money based on trade
prosperity is not bear argument. and the
chances are that Spectators for a rise will not
Worry much about the lending level in the
money market
II would not be wise to predict a continuance
Of yesterdays advancing stock market without
important setbaCks in values But on the other
hand. il appears safe to look forward 10 a period
Of growing values and active speculation in the
course of the next six months, There IS now
LITTLE l. keep Jhe market down. Profit taking
and efforts 70 buy stocks at cheaper prices will
develop and cause reactions. but ;he actual
value of securities and the conditions governing
mat Felue suggest that purchases made now
MI SHOW comfortable profits few months
hehee- Hryaa'- shadow has been eliminated
I<'yaH's anu-ggId and anri-inlustriaI prosperity
'amragn haS ended IN disaster The gold stand
ar4 : sate The great industrial combinations
. a. sai-- Industrial concerns viii fall if they
-aN- l." tn~'.t. aut the greater number Of he
!@A c'n4eao-rS Ea.= proved their worth. and
I-e@ei VelEr IcsteaG = water in their stocks.
80 -E-:ir. stocks H. j; - believed be features
J. st-ecL atl8n This YEAR. especially th- iron AMI
. issues American Car and Foundry and
-A7.-r.can LlHseed, The success of tn Repunl.-
car I4rry means further success tor the Ma
ton's Industries. ana as a consequence heavy
earnings tor the big Industrial combinations
business men. capitalists and investors in gen
"ral viii now go ahead with renewed confidence
IN ;he stability Of HI country's position as a
factor IN The worlds Industrial progress Tn
!I-poT,anI Ifs haFc been settled hy Tu~sdas :
Dealings IN yesterdays market wer4 IN an
enormous Sea!r. Tn pr@ssur~ on commission
houses from customers who wished L. bll1 "a :
So heavy thai in seler4I instances arj-rs -
taken subject ir deiav. W.llr il. q f.v .asas
refusais ia acc.,.t n.,re business ,-,.ra -.
London prices cam@ n nigh-r and arhfrrae o.
houses tD-k profits in In local mark. 1,,,-r9
feiI lSs-+s such as Penusy ylyauia New -YorI,
'eI.t;ai 'He Burlington. W -r- in deruard aep--
oi1ii' ti't-sN rama. Rn!'h made maximum
agTant@ r - points TIL steel sra.ks ana ~
HlsiiiaiS u g-nelal made sharp advances and
IiSt mite - I'll" carry Improvement in -
quent reactions. over 7uUNn shares Lera
tTa4ed III before II o'clock while tha total sales
irr II" GAY aggregated moro thaD 4pDmgi
Hhafes. ''nTlisS'on houso buying vas The i'm
rortant- feature of tn business and IN ~
cary afternoon the selling ny traders Of the
general list had htrl- effect upon prices ae crrr
mission house orders continued heavv rhroreb-
out the market With the exception Of he dsai
!ngs - January - January 2G and December
- IN''"' yesterdays total business was larger
man N any day On record Prices closed az
about th- hes; - the day
THE DAYS OPERATIONS IN BONDS
GnNERNNENr E2nNfAS 49,.