New-York tribune., 1900-10-02
SEX dividend
BONDS.
SIX dividend.
THE DAYS OPERATIONS IN STOCKS.

The stock market was firm throughout the
day. with substantial net gains in the greater
number Of issues at the close. few stocks en-
3oyed sharp advances in the early dealings. but
transactions. as a rule represented little beyond
traders operations. In Union Pacific and Brook
lyn Rapid Transit good buying reported,
and the Street appeared TO be quite bullish on
both issues. Union Pacific ii may be said on
authority is held by some of the strongest in
terests in the Street Brooklyn Rapid Transit
has been well bought on its decline. and at its
present price it will doubtless appeal to the
speculator and the investor as we'll Earnings
Of the property in the quarter ended September
30 increased by large figures over the same
period in 1899 and ii is said excellent in
formation that the net earnings for July. Au-
gust and September over expenses, taxes and
fixed charges returned an increase equivalent to
/ per cent on the stock. The Atchison issues
were IN fair demand yesterday. and railroad
stocks a rule. showed Improvement on
small volume of business In the Industrial list
Pressed Steel Car common was a strong feature
on buying induced by the cOmpanys heavy
order for from, the Baltimore and Ohio
Railroad Company. The upward movement be
came more marked in the afternoon while trans
actions increased throughout the list
The bank statement issued Saturday natu-
rally suggests higher rates for money. but 1t
money market Bankers are not disposed to
make time loans the election, owing to the
possibility of Popocratic success in November.
and in consequence most of the borrow
ing represents call money operations. In the
event Of Republican success an easy money
market is not expected, 1t is believed that
business expansion incident TO President McKin-
ley's reelection Will call for larger loans in all
parts of the country with especial pressure at
this centre An active demand for money based
upon the necessities of growing industries may
prevent bull speculation in stocks in the last
two months of the year, but IT will certainly
supply no ammunition for a bear campaign in
securities speculation. Indeed. such a demand
for money should induce investment buying and
buying for higher prices by people who can af-
ford to carry stocks through period Of higher
rates for funds It may be recalled that the
local money market last year experienced
trene rates in December, and, while conditions
this year do not foreshadow a repetition of that
disturbance, there is every to believe
that money will be stiff until the turn of the
year. Many Wall Street observers are inclined
20 the belief that buyers Of stocks current
declines have in view a sharp election rally,
and that a sustained bull movement will not
begin before the new year.
Sentiment in speculative circles was cheerful
yesterday but this state of mind did not attract
a general demand for stocks. BROKERS letters to
customers furnished various arguments for the
purchase Of securities. but the volume Of bust
ness reflected no great confidence on the part of
the public in the ability of the market to main
tain its present level. 1t is good market for
quick turns 1t is a traders market, and ii is
likely TO retain prevailing characteristics for
several weeks to come. Much talk is heard about
a ante-election bull movement People who
buy on this belief may do well to carry big mar
gins. Call money advanced to 2z per cent yes
terday, without, however, any effect upon stock
market values.
THE DAYS OPERATIONS IN RONnS