New-York tribune., 1901-05-01
BONDS.
THE DAYS OPERATIONS IN STOCKS

An actual recorded business Of more than
100000 shares was made in yesterdays stock
market. From the opening until the close the
volume OF business was enormous. while with
only minor Interruptions prices moved toward a
higher level throughout the day. Commission
house operators were active buyers in all the
more important speculative issues, and invest
ment interests were quiet buyers of the low
priced attractive industrial and railway shares.
The general news of the day presented nothing
new or interesting affecting the general value
of securities The upward movement was based
entirely upon the factors and conditions that
have for so long time been responsible for the
buoyancy and activity in speculation
Further heavy buying of Union Pacific was re-
ported, but enormous realizing sales made on
the advance resulted in a slightly lower price
level for the day. In Northern Pacific net
loss Of points was recorded. All the standard
railway shares were in active demand, with a
particularly active inquiry for Pennsylvania and
New York Central; the latter named stock was
one Of the leading features Of the day, advanc-
ing over 5 points to 164. The Atchison issues
were also in good demand. both the common
and preferred recording material improvement
as compared with Mondays final quotations.
The buying Of Atchison common was appar-
entity based upon the expectation of a dividend
declaration of . per cent for the half year. No
official information has been given regarding the
dividend on Atchison common. but in well in
formed quarters it is thought that not more
than 11a per cent will be paid. Among the
low priced railway shares active demand
was noted for Toledo st. Louis and Western
issues. The Toledo, ST. Louis and Western Rail-
road is making a most encouraging showing Of
earnings, and at the current rate of increase
over last years traffic receipts the surplus
TO at least per cent on the preferred stock.
In the first hour Of business in yesterdays mar
ket over 100000 shares Of stock were traded
IN. In the five hours OF business the total deal
ings doubtless aggregated over 100000 shares
but, noted above, total recorded sales fell
somewhat under the 3500OGO share mark. Deal
ings fairly well distributed throughout the
list, but the more important operations were
conducted in the Atchison issues, Burlington
and the rest Of the granger shares, Erie, Louis
VILE and Nashville, Missouri Pacific, New-York
Central. Northern Pacific, Pennsylvania, the
Reading shares. Southern Pacific, Union Pacific
and the United States Steel issues. Trading in
the steel stocks amounted to more than 100000
shares, with an advance of 21k per cent in both
the common and preferred. The market closed
under the best prices of the day, owing 10 heavy
realizing sales, but final quotations showed
material advances over the preceding days last
level
The local money market was stronger for call
loans, but an advance 10 g per cent had abso-
lutely no effect upon stock market trading
Time money was in fair demand, and liberal Of
ferings were made at 312 10 per cent for thirty
days TO four months and 4q4h per cent for
longer periods. Interior exchange, however. on
NewYork was more in favor of this centre
while sterling exchange was somewhat lower
The Sub-Treasury again absorbed a large
amount OF money from the local banks, while
arrangements were made for further gold ex-
ports on Saturday