New-York tribune., 1901-11-22
BONDS.
THE DAYS OPERATIONS IN STOCKS

Early weakness in stocks was succeeded by
strength which continued until the close In
certain quarters OF the market active buying
was reported, while prices showed aggressive
strength. This especially pronounced in
New-York Central and the rest Of the Vanderbilt
group, in Manhattan Union Pacific, Conso-
dated Gas. Delaware and Hudson. St Paul and
Rock Island. New-York Central on transactions
Of over $4,000 shares made net gain Of five
points Lake Shore advanced nearly eight
points on small dealings while Michigan Cen
tral sold points higher safes Of one hun
dred shares The Nickel Plate issues We're
also strong features. The advance in New-York
Central was accompanied by renewed reports
regarding a closer unifcation of the various
Vanderbilt properties. There were. however, no
actual news developments affecting this list of
stocks. The local traction shares, under the
lead of Manhattan, were strong and higher, the
last named stock advancing nearly five points.
The movements in Manhattan and Metropolitan
followed by reports of closer relations be-
tween the companies; also by rumors that
Nea-York Central interests active buyers
OF both stocks
In the initial dealings St Paul and Union Pa
cifc weak under bear pressure and COM
mission house selling. Weakness in these stocks
was due to the apparent activity on the part Of
certain Western State officers against the North
eTn Securities Company. On the decline the
shares were taken by a good class Of buyers.
while at the close Union Pacific showed net
gain Of over one point, and St Paul net gain Of
q point and half The best Informed people in
legal and financial circles OF the opinion that
opposition TO the Northern Securities Company
by State legislatures Will not amount to much.
In Peoples Gas further selling was reported in
the morning transactions. but before the close
a small net gain was recorded. Under the
%1,1 Of vniS he
Peoples Gas Company has been assessed at an
enormous increase over last years tax figures.
The company will undoubtedly take an appeal
to the courts, but even if the assessment stands
the Peoples Gas Company will be perfectly able
TO pay the full dividend on its stock. At its
present price this security is of the attrac
tive Industrial issues Elsewhere in the indus
trial list there few movements OF interest
-Amalgamated Copper and American Locomotive
We're heavy, while American Car and Foundry
and Consolidated Gas were strong features.
Commission house business heavier than
noted in several days, with particularly good
demand for the low priced issues, including
Erie common Ontario and Western and Reading
common.
The money market was without change while
sterling exchange remained dull at the preced-
ing days quotations. The fact. however, that
exchange rates did not decline thought to
foreshadow futher gold exports by tomorrow S
steamers. London may take some of the metal,
but advance in Paris exchange rates on Lon
don suggests that shipments TO France have
about reached their limit. The local money
market viii be helped by further large de-
posits of gold the San Francisco mint. the
Secretary Of the Treasury has authorized the
local Sub-Treasury TO pay checks of the San
Francisco mint for gold to the amount of So, ,5O0,
900 The bank statement Tomorrow will doubt
less show a decrease In cash, but despite gold
exports the loss in holdings ought TO be con-
fined 20 small amounts. owing to the receipts O:
currency from the interior and payments BY
the Treasury bond account