New-York tribune., 1901-12-07
.Ex dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS.

n1.oi Tnlc . Fob ss Ssls = ]. South Ry 1st 5sl2l
THE DAYS OPERATIONS IN STochs.
Heavy speculative liquidation and active oea'
nressure In the last hour Of trading were
s,o,s,n1e for sharp declines throughout the Ils''
-,,- substantial net losses at the close IN lile
.ar,v transactions prices were compara'i'eis
5rm Initial dealings were moderately hea
and indications pointed toward higher OFFICES io
.he day In the afternoon estimates VI w."
hank statement foreshadowed materiai ioss IA
cash holdings, and, as consequence
,,a,ar +o hammer prices while certain interests
in Manhattan and Other manipulated -,
&C. onera+ed FOR lower prices, on the theorS
.,a, nublic traders were overloaoeo VIII .
.,,e .ba+ RECENTLY have enjoyed marked price
.l,-eroa,. II was nothing more lhah /"
waking ont procass- There were no a"fei
,au-s DEVELOPMENTS and nothing upon WILL
bose q legitimate movement Tor cheaper W.
tions Amalgamated Copper lost over " po
bus the star performer Of the DAY was ~
haitian which showed a net decnlle az 'ie
of naarlv points. In the final oeaiinsS se
.,aa +b,ouphout the entire list, with eh-
,-e,,e weakness in all the tractloh s'o0h'' ~
Del Atchison. New-York Central, Union
- ,.,ona and the coal shares. The bet
,.s Of industrial issues were compara-
., er,,, while American Car ana fouiiuis
ea-ra6 and international Paper preieiieu
ended at small net advances General fteo'i,
made = new high record price IN the eaiiS 49,
,nos hut lost the gam before the ciose'
eamated Copper made new 10" reIoiu
6o7k closing at 10 Last prices were d.
-ba lowest of the day. Call money aoVaiioeu -
x ner cent but sterling exchange was he"
According to the known movement Vi Aio.e
.ba week the local banks have lost IN cash oNe'
S50o0Oo0. -., ,,-es
The market position Of the Industriai s'ai
. 18th tho attention OF discriminating III
.o-s Sound industrial issues are as d rui0'
,a++a- income payers than SOUND railway iS'u0
and the records Of the last ten years siio" 'ilI
+he industrial! investments have suilefeu .io
from periods of depression than nave 'Ne
Wv Investments while in good tunes 'ieS ~"
returned greater dividend payments -,
- poen,np which has been a specuiators
favorite and football for insioers' mas pi
itsa,f q good investment, despite the ol'ioeiu "
.o ,,oars ago. The new Industrial
-, ,,,,c,, renreseat consultations OF ioiiS
.or,1isba6 Industries, particularly AURA =
-,,,a az current prices, especially the pfeiei GU
shares that are paying and per cent wv
5ends and returning at present quola'ioii' ~
mara than G end per cent to investors i'
-a of course exceptions that are wen VIZ 80
,oo1-ine- alone but the greater nuhpeF vi "
,,axr industrial shares are selling ihans p
-, .,,s,- intrinsic worth Eventually TINS
l,ass of ,szues will sell higher. and the predic-
,;on is made that some Of the more atlia''' :
-. I'll, make records that will distance the
-. x.uroad stocks by many points Stahoarn
ou General Electric Pullman and singer De"
,,p Machine shares are examples oi
stocks possibilities Many Industrial ISSUES N0'
dealt in on the Stock Exchange are pooi p-of
ositions for Investors. On the E1cnanse' io"
-bara are oniv few Industrial secuii'eS '
.-a NOT worth more than their quo'eo is su~ 60
There are bad railroad shares. however anu Da1
..a,,r+-4o1 shares. The good railway shares are
,n MANY cases. selling al figures thai repi
,h.i- +r,,e value and for this reason IL is
,,,o, .no+ the cheaper priced railway stochS
- - ;,sustrial investments will be FEATURES
in the winters market ,a,,
po,i+ica, agitation against corporations '
oapse liquidation at times, but F" Hi So
,,,rentlv is satisfied that Congress VIII 90 i.t0
ttis wear to worry Industrial coihlAii.
da5 at the moment it looks as Il poii'
,rcra more intent causing uoupie Ao ~
Northern Securities Company than ior tne 81
-o,,a7 industrial trusts The enormous business
that the car building companies are uoi''s
Costs the purchase of car building COMPANIES
.,,s asnecially American Car and fouhorS
..ar-raa shares This concern is making Hore
80, s25o 600 net a month, but despite the pis
oorn,nes the dividend on the common VIII mol
he increased at present as the company poieS
s. 10 add surplus to working capital o VI n''.e
capital has been increased from s'o0ooo
srooOaOoO from earnings, and II is no" pr
Sa 20 raise the amount to S12.OOoooo. The
ra.sons that make American Car and FOUNDRY
.,5 Pressed Steer Car shares attractive may
also be applied 10 American Locomotive issues
which are among the cheap but intrinscaiiS
valuable industrial securities. These shares are
,,e;pe widely distributed among railway men
ubo recognize the favorable position OF the com
n,nv. International Paper preferred is cheaP d.
its pres mt price.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BoNDs-Market steady Final