New-York tribune., 1901-08-14
BONDS


--l,ore was a larger business ~ STOCKS Ees'e'
Ia, ,,itb a substantial improvement IN Plt00
The onening figures were generally ABOVE tNo9
Of Monday and prices moved up sleao"y ui-t
toward The close when there were slii"i
-. ~, realizing sales. The stocks OF the
railroads traversing the corn belt were ,o.,e
md active features Of the trading throus"ou
=, - The United States Steel stocks were
: 5ornord and made further gain IN price
..o,+ ,be only took of prominence 10 as
,,,.z, weakness was Sugar Refining. MaS wa
sold on = report that the new issue OF Sl'VVO''Do
Of the company's stock was being Niai ie
Far another tliing. a depressing influence w.
exerted on the stock by the kno"leose '
,be condition Of the sugar trade was uiiS@'
fac,orv although there was nope OF oVt'
order Of things in il before long. MONEY
rnained in ample supply. with low rates In au-
5ie,oD % the arrivals of Klondike gold, the in
terror flow of money is still in 1aNor ol
vorl. and will continue TO be for the present
-, ,os rothlng in the news to the
steel strike that could be construed as Imply
,n. that there was a prospect of the accomplish
,,e,t ~ the purpcse Of the strikers. On Ihe
.,rer,, the belief seemed to be strengthened
~, the de,elopnnents of the day that the fallure
of ,be strike was practically inevitable In inc
srst Mace II was considered that the men had
selected an inopportune time for the strike anu
again il was thought that the ofuer l"i
General strike was a fatal mistake lot 'Ae i9'
son that several Of the most important plants
co,,ld not be controlled. In this move the "eaA
roints in the position Of the men were reNea'eu'
with an accompanying revelation or the strohs
noints in the position Of the steel companies
re nol,cv Of the companies appears TO be one
OF silence and strategy. The hnanclal COM
munitv would not be surprised at any time
a
Of the trouble Both sides would have much
Ia gam b.- a settlement as soon as possible
The men are losing heavily in wages and the
companies are likewise losing heavily in earn
ings The companies can recoup part or their
losses in the future output, but the men lose
all their earnings for the period covered by the
strike
A more rational view is taken OF the crop
situation. The conclusion has been reached. and
rightly. that the shortage in corn is not going
TO break the country. The deficiency IN
spring wheat last year was not felt by the
country at large. and the earnings Of the rail-
roads traversing the great spring wheat sec
ticns not only did not decrease. but actually
attained the largest proportions on record. 1t
is admitted that the principal corn roads will
lose materially in earnings from corn and the
products Of corn by reason of the shrinkage
in the crop Of 1901. but il remains to be seen if
they will make up this loss in other tonnage.
The general business OF the country is unim-
paired. There is reason to expect that it will
further expand in the next twelve months. A
fas larger movement Of wheat to the seaboard
the coming year than in the last year is as
sured by the bountiful yield this year, and by
the important fact that the deficiency in for
eign crops will make a market for the surplus
production Of this country. matter how great
81 may prove 10 be.