New-York tribune., 1900-09-13
BONDS.
THE DAYS OPERATIONS IN STOCKS.


The stock market continues unconcerned over
developments which in ordinary times would
affect speculation: and it also shows no interest
in DEVELOPMENTS which ought to have an infiu-
ence upon prices at this particular period. The
election results in Maine and Vermont should
have been followed by life in the stock market
but, despite the encouraging course OF voting IN
The States named, stock speculation remains
UNCHANGED The market shows utter indiffer-
ence TO good and bad developments. It IS OBJ
s;inately fru, and obstinately dull Room trad
ers appear 10 be bullish at the moment but the
demand for stocks in the loan crowd is mod
eratelv heavy. Stock market traders often talk
one way and act another and the demand for
stocks in the loan department may reflect more
clearly actual sentiment than does the talk Of
apparent bulls Some Of the smaller traders are
evening contracts because they admit that they
DO not know which way the market is going
and in consequence they do not care TO commit
themselves TO either side. Some traders believe
that big movement is near at hand. but few
traders pretend to predict its direction The fact
that prices are well above the level Of four years
ago induces the belief in some quarters that in
order 10 have a bull market, before or after
The election a lower level must first be estab-
lished. Other people contend that a bull market
can start from the ruling level, prices are not
are lower
Trading presented no new features yesterday.
Dulness was little more marked than on the
preceding DAY, owing TO the fact that Western
orders were sidetracked by the storms inter
ference with telegraphic service. Heaviness III
the hard coal stocks was due TO less favorable
reports regarding the possibility Of settling the
trouble in the coal region without a strike.
Elsewhere in the market prices were generally
firm Dealings were almost entirely in the
hands Of board room operators, commission
houses being inactive Commission houses
have little need for clerks or desks at present.
There is no business doing. Careful operators,
however, are not inclined to believe that the
current dulness will run on indefinitely
London was moderately active in the local
market buying on balance about 10000 shares.
Some long stock came out in Baltimore and
Ohio. and traders endeavored to depress the
price on the decrease shown in the net earnings
FOR August The Baltimore and Ohio traffic is
not falling off, as gross earnings increased S241
900 in August, the decrease in net earnings
being due to the companys wise policy Of con-
tinuing extensive improvements on the property.
The Southwestern stocks became strong before
the close, and the general market ended near
the best prices of the day Total transactions
amounted 10 only 100000 shares. which, witt
the exception of the dealings on August and
August %. were the smallest for any day this
year The money market was unchanged il
rates but bankers reported an improving ou
of town demand for funds. The probable offer
ing in this market for a German Government
loan will doubtless be followed by gold exports
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDs-Msrket firm. Fina