New-York tribune., 1901-11-02
SIX dividend
BONDS.
sEx interest
THE DAYS OPERATIONS IN STOCKS,

Trading in yesterdays stock market was
eight but prices a rule moved toward d
hieher level. Speculative sentiment was cheei
full over the monetary situation, Whhe lhe gen
oral outlook as reflected in trade reports ere
ated bull enthusiasm in Wall Street clrcies-
FIr,thusiasrn however, did not result IN actlNe
onerations in stocks. In the early dedllllSs
there was fair demand for the shares asso-
c;a+ad with the Northwestern railway situation.
also for the anthracite coal issues ana for some
of the specialties There was. however, no i'm
portant commission house demand, and from
all indications there was no activity on the
mart or substantial market interests There
were no important news developments affecting
the actual value of securities. but the weekly
trade reports presented sound arguments Tor
bullishness on the investment situation
Commercial agency reports received last night
showed encouraging gains in all lines of in
dustry The iron and steel business continues
extremely active railroad earnings for the last
week in October and for the month OF octooeF
surpass all past October records, while bank
clearings and the record Of failures show a
substantial condition of prosperity throughout
the country These factors had no effect on the
stock market sesterday. and the prospects are
that due consideration will not be given TO such
influences until the present so-calIed uncertain
ties have been eliminated from: the SITUATION
No engagements OF gold were made for export
by to-days steamers. but foreign hanklie
houses announced that round amounts OF the
metal would he shipped in the coming week
The London and Paris markets were closed and
the local monetary situation remained in about
the same condition as reported on Thursday.
excent for an advance in call money to . per
cent.
According TO the known movement Of money
in the week the local banks have not lost a
large amount OF cash. and the full extent OF
this loss VIII not be shown in to-day's bank
statement. owing the fact that the heavy
gold exports made on Thursday Will figure for
TWO davs only in the statement of averages
A week ago the known movement Of money sug-
gested A large loss in lawful money, but the
actual statement of the Associated Banks re-
hected considera BILE increase in cash. 1t IS
quite likely therefore, that the loss, which
should have been shown in last weeks state
meat, will figure in to-day's exhibit OF bank
holdings The position OF the reserve Will de
pend 10 a great extent the changes that have
taken place in the loan and deposit items Ihe
noteworthy feature OF the currency movement
81 the week a gain by the local banks from
the interior. shipments from New ork We're
made in great part to the South while the
receipts from the West Were heavily in excess
OF the amount of money sent out
In the afternoon dealings in stocks trading
reiapsed into complete dulness but prices re-
mained firm closing strong. The dealings in
Southern Railway. st. Paul, Union Pacific Penn
sylvana. Baltimore and Ohio. and in the coal
stocks and few of the industrial issues made
up the greater part of the day. trading. At the
close Of business reports were heard that an
announcement would soon be made in regard to
the expected Northern Pacific settlement. Pend
ing such announcement the professional
traders naturally cautious in putting out
large lines on the short side of the market.
The general market is not at a level which
suggests the sale Of stocks at a loss. As rule
securities not dear, and purchases made at
this level ought not result in loss for
courageous buyers The purchase of Govern
ment bonds by the Secretary of the Treasury
yesterday amounted to 81 .2S2, 600.