New-York tribune., 1901-08-10
-Ex dividend
RONnS
THE DAYS OPERATIONS IN STOCKS.

The stock market was strong a small vol
urse Of business in The greater part Of the day.
the last half hours dealings, however being on
declining values AS a rule. final prices showed
small changes with more net gains than losses.
Tub1io interest in the market was light, and the
chief support 10 quotations came from pro-
fessionaI operations in which buying TO cover
short contracts made up the greater part OF the
business. Certain issues were helped by various
reports ard theories regarding the future OF
the properties concerned. but in the majority
OF stocks prices moved entirely under the in
fuence Of traders transactions. The South
western railroad issues were hid up on the
rumor that plans for great Southwestern com
bination would soon be announced, but in we'll
informed quarters il said that no move
would be made in a consolidation scheme in that
part Of the country until the fall. The railroad
situation in the Southwestern States and in
Mexico is worth watching. II is known in Ger
tain railroad and banking circles that impor-
tant changes in the stock ownership Of the
various properties has taken place in the last
year. and il is generally believed that the
Gould. Rockefeller and Union Pacific interests
IN the Southwest viii soon develop another
instance Of the community OF control scheme
Mexican Central and Mexican National are
properties that have a bright future. The re-
cent purchase Of the control Of Mexican Ma
tional by a prominent local banking house re-
fleets developments Of Importance in the MeXi-
can railroad world.
According TO the known movement of money
in the week the banks have gained nearly
S3O00O00 in cash. The total gain on interior
operations. new gold and bond purchases.
was about s. S0000O but. owing 10 a
loss to the Sub-Treasury Of over S2.7l2.TO0
the net gain was cut down 10 the figures al
ready named. The noteworthy feature Of the
course of money in the week was the further
gain by the New York hanks OF large sums
from the interior, and also large additions TO
their gold holdings through Assay Ohice checks
Tor gold deposited at san Francisco and Seattle.
Sterling exchange was easier. and none of the
yellow metal was taken for export. It is stl
uncertain whether or not there viii be a good
shipping movement this month. There viii be
no cause for uneasiness even if gold should go
out, as the country is we'll supplied with money
while new gold from the Klondike and other
gold fields is being constantly added TO the
country's available supply
Weakness in the late dealings was due in part
to Chicago selling, which particularly ag-
gressive in Peoples Gas. This stock, after re-
covering part OF its dividend early in the day,
sold of rapidly under active selling pressure in
spired. il was said, by information that new
litigation against the company was TO be start
ed by the city Of Chicago. The Peoples Gas
Company has weathered many speculative at
tacks from the political speculative gang in
Chicago. II has continued 10 sell gas pay div
idends and earn surplus above dividends, and
il is not likely that yesterdays decline fore
shadows any development that Will injure the
stock as an investment. The granger and Pa
ciic shares and the steel stocks closed lower
after substantial Improvement, while the whole
list was heavy al the end