New-York tribune., 1901-10-24
BONDS.
THE DAYS OPERATIONS IN STOCKS.

STOCKS were generally eltOAS IA ytSbcAAoS .
trading. with substantial net gains in the great
er number OF issues at the close. Commission
houses were not, however. especially active. In
q few shares there were indications Of inside
support and quiet buying by important market
interests, but, rule. transactions were mace
up OF the operations of the room element Inc
buying of 81. Paul and Union Pacinc was con-
sidered good and the demand for Chicago Great
Western included a fair inquiry from commits
sion house customers. In the last named STOCK
buying for control is said TO be under way, not
-Witbstanding the fact that ii is pretty well
known that the ownership OF the property can
not be bought in the open market or from the
present holders at the ruling level or prices II
is understood that the insiders in Chicago Great
Western have fixed a rather stiff price at whlch
the control OF the property may De set seSuteu'
The current movement in st. Paul ana Union
Pacific may foreshadow a new railway deal IN
the West, but there is no hint from oIhcldl
quarters that such a development may be eS-
roected As vet the Northern Pacinc tangle mas
NOT been unraVelled. No one knows when
settlement can be made. and, penolng an asiee &c
rnent, il is not likely that the Union facillc m "a
terests will enter into any deal with the 81
Paul company. The Union Pacific mas pig IN
terests 10 protect in the Northern Pacinc silua-
tion. ,.. o
sented few interesting features, while IN ire M
dustrial department the only important dealings
115ere in the Copper shares. Sugar Refining ana
the Steel issues. Amalgamated copper was
weak Selling was apparently TOT 1oostoh az
count and although the stock recovered par ol
SIS carly loss before the close, there was ntlle
evidence of good buying. Reports from the trace
indicate heavy sales of the metal at the prevail
ing high prices and, according 10 current inoi-
cations the Amalgamated Company has no IN
tention Of reducing quotations from the lo129
l7c level Buying OF New-York Central ana
Pennsvvania was feature Of the railway list.
There was a great scarcity Of actual news al
fectinc the more active issues and the move
rnents in the shares just named. Southern Pa
cifo Union Pacific and ST. Paul We're not eS-
plained by any known development Large
blocks OF Union Pacific changed hands above
1O2 while similar activity was noted in South
ern Pacific between 60 and 81 Total dealings in
all stocks were above 10000 shares, but or this
number nine stocks supplied over two-thirds.
100000 shares and in st. Paul TO over l2o.oo
shares.
The local money market remained unchanged,
but London and Paris discounts were higher.
Sterling exchange at this centre was easier. al
though exchange bankers thought that the days
tendency was merely reaction from Tuesdays
sharp advance rather than an indication OF a
permanently lower market. The advance in
London discounts apparently reflected the for
London market over S60D0000 since last Thurs
day Over 81 000.0oo was withdrawn by Ger
many yesterday, while Paris advices foreshad-
owed heavy Withdrawals for French account.
About S350000 was transferred by the Sub
Treasury for local banks TO New-Orleans, and
indications pointed 10 heavier shipments before
the end OF the week. In the time money market
q fair demand was reported. but borrowers were
not inclined 10 pay more than per cent, while
the banks held out for AZ per cent on mixed
Stock Exchange collateral Prime mercantile
paper is in fair supply and the demand is good.
THE DAYS OPERATIONS IN BONDS.