New-York tribune., 1901-08-29
BONDS.
THE DAYS OPERATIONS IN STOCKS

Stock market values made, in many instances
r,roeress toward a higher level OF smaA VOL
ume Of business. Opening prices were irresu-
lar and in some cases heaYiness was noted oul
after the early dealings Improvement developer
throughout the list. and in the majority of is
sues continued with only minor interruptions
,,ntfl the close The decline that took place IN
Wednesdays market attracted little commis-
sion house buying yesterday. Purchases Tor TINS
account were made by many Of the larger
Wall Street houses. but. of course, large pro-
portion of the days buying represented cover
sng Of short contracts that were put out on
the day before. Traders doubtless considered
a. sdvisab ble 10 take the long side OF the mar
l,et again. although early indications old not
roint toward a resumption Of bull activity on
the part of substantial speculative interests
or renewed active buying for outside account
the news Of the day had no especial bearing
on the stock market. except in the case OF steer
strike Developments which tended TO confirm
tbe nrediction made on Tuesday that the trouble
An the steel district would soon be settled in
favor Of the company. Mr. Shaffer and his
hand Of agitators are without the moral or
financial support of the laboring world in gen
eral and as a consequence the steel strikers
will either soon be forced 10 go back ID their
work look for places elsewhere OF starve They
will not care to go hungry, and they certainly
will not care TO look for work in some new nelo
OF activity.
The Southwestern shares We're in demand
with a particularly active inquiry Tor Ie1as
and Pacific Texas and Pacific will. OF course.
figure IN arr Gould consolidation that may
be made IN the Southwest but even with the
prospects Of benefit from this source. Texas ana
Pacific stock has many merits TO commend II
as a safe issue TO hold for future materially
higher price All the Southwestern securities
are considered attractive from the speculative
point OF view, while many Of the group pos
sess sound investment value. Earnings Of the
Southwestern roads have been increasing for
several years. and large amounts have been
epent on improving the physical effectiveness
OF the companies. 10 the END that the proper
ties Will be IN condition TO handle the increased
business that industrial development in the
South and West is bringing TO the various
roads The tremendous traffic business now be-
ing handled In the Southwest is reflected in
Atchison's earnings for July, which show
gain in gross receipts OF over S1.0o000O and
,n net OF nearly 100000 Louisville and Nash
Vile stock was well bought yesterday: also
Southern Pacific. In the afternoon dealings the
market was comparatively dull and heavy in
spots, while final prices were under the best
figures Of the day.
The demand for money from the interior con-
ttnued over $4,000 being transferred 70 Chi
cago through the sub-Treasury. The local
banks have lost over 50. 100000 so far this week
on Sub-Treasury account, and the chances are
that Saturdays bank statement viii make
poor showing as compared with recent exhibits.
Call money was unchanged, but time funds were
frrner while sterling exchange was again
easier.