New-York tribune., 1900-08-10
BONDS.
THE DAYS OPERATIONS IN sToCKs.


The stagnation in the stock market IN
broken yesterday. The aggregate dealings were
the smallest in some time but for a majority Of
stocks higher prices were recorded. It seemed
10 be recognized that despite the outgo Of gold.
reports Of damage 10 corn and the more crtti-
cal state OF affairs in China, the situation as a
whole was favorable to the maintenance Of the
values. At any rate, the element in Wall Street
that IS identified with the bear side OF the mar
ket did not seem to care to take the risk Of put
ting out lines Of shorts. fearing, presumably,
that Il might prove expensive to take them in
again For most stocks prices are unquestona-
bly, low, and August being normally month OF
rising prices. the disposition is to look for q
fair sized advance soon It may or it may not
come. but Wall Street IS somewhat given to
relying on precedent and the optimistic con-
tngent, at any rate, counts a rally
Events have disclosed that even the placing
Of the larger part OF the new British ExcheQuer
loan here IS not making gold move readily to
the other side In order to facilitate shipments
the Bank of England agreed TO remit interest
On shipments while they were in transit from
New-York 10 London This concession has been
followed by an increase IN the banks buying
price for American eagles. Still. the movement
nf gold across the Atlantic lags. 1t begins to
appear doubtful II the exports Of gold on ac-
s10,OOo0oo The remainder of the payment for
the Exchequer notes allotted TO the United
States, about S18O0OOoO, may be made IN COM
rnerciaI exchange. Some lots Of gold are going
20 Paris but these are on special transactions
and are without significance The international
balance Of trade is so heavily in favor Of this
country and against Europe that It is prac-
hcally impossible to take gold from this side
except by paying what amounts to a premium
On IT This circumstance discloses anew the re-
rnarkable strength OF the financial and trade
position Of the United States. But for the fact
that higher rates prevail for money abroad than
here gold would be coming this way from
Europe In other words money rates are kept
ID IN Europe as much TO retain the gold ac-
1urnulated by great effort TO endeavor to
secure more.
The stock which led IN extent Of dealings was
Sugar Refining. It advanced steadily. and
closed at the highest price OF the day. The
buying was based the continued large de-
uland for sugar at full prices. There is not
much room for doubt that the company is at
present enjoying q very profitable business
Realizing produced fall in United States
Rubber common. The National Tube issues
we're in demand On the surprisingly large earn
ngs Of the company. There was slump in
National Lead on moderate sales The transac-
lions IN Brooklyn Rapid Transit were compare
lively small for this stock, but there was an
Improvement IN the price. The delay in the
issuance Of the annual report probably ex-
planned the contraction IN the trading in the
stock There a sharp rise IN Chicago and
Northwestern. which was due to a larger In
Tuiry than usual for the stock. rather than to
any special news in regard to the property.
The changes IN the prices OF the other granger
stocks were Insignificant The other railroad
stocks were steady, in the main
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BoNDs.-Market closed lower.