New-York tribune., 1901-09-29
BONDS.
rHE nAY,s oPERATIONs IN sTOCks.

The s,,cl, market was dull fl the two hours of
Trading with the movement OF value Hresuiai'
Commission houses were inactive the greatei
,ar+ of tbe business representing the transac-
Yions of professional operators. IL the nnal
dealings moderate buying WAS attracted by
favorable bank statement, and although the
close was heavy the majority of issues were
above Fridays final level. There were no feat
,,-es of importance. Manipulation in some OF the
uninportant shares was again reported Whiie
further activity developed in the Nanderoit IS
GO ae,,aciaIlv in the so-called Junior securities
Of the Vanderbilt system. Bull points are pelhs
generously distributed on the issues referred TO-
and there apparently is some foundauon loi tne
various rumors that heard regarding the
80 de,,elonments affecting the New-York
,-a,+ral and the other Vanderbilt properties IL
.o,, he taken as a fact that whatever faVoraole
changes are made in the relations Of the seVeral
Vanderbilt roads the New-York Central VIII De
the chief beneficiary
Tho hank statement showed results about as
,oreshadowed in The Tribune yesterday MORN
ing Reserve above legal requirements lhcreaseu
60 Gas. 500. while cash holdings were larger Oy
r,,er "a OOOOoO. as compared with the preceding
,ueek Loans showed small increase. Inc ex-
mansion In loans was the only surprising feat-
-,re of the statement, and 1t was not explained
NV anv known money market development III
ere u,eeL Indeed a contraction in loans had
feen expected. The gain in bank holdlhgs III
Yhe week was due. OF course. to treasury pay
.+s for honds as the normal movement or
.ro,ex was again heavily against this city Ac-
rording 70 hank reports the shipments or cur
-encv TO the interior exceeded receipts py apoul
g oOogO0 It is quite probable that govern
ynent bond purchases will be too hght from iio"
nn IN offset the demand for money from tiie
eouth and West, but, even so. the local pahhs
ura in a sound condition and hold reserves that
,.,eht 10 last until the return movement Vi
,nonev sets in There IS not enough money 10
rarrv on a big bull speculation at the moment
bu. conditions appear to be moving in favor Oh
active bull speculation when the now Oh cui
rency IS again toward Newly ork-
The copper shares were weak, but the raiiroau
.,s, was generally firm, although final prices
e,oved a number of net losses from realizing
sales notably in New-York Central and New
-vorl, Chicago and ST. Louis second preferred
--,e weakness In the copper shares was appar-
-stv due to the reduction of the dividend on one
N ,sl the mining properties belonging 10 the Alii
E xamated company. The United States Stee
shares were strong on buying induced by the
r-timistic forecasts Of the company'c report tha'
.g,lI he read at the directors meeting THIS week;
cording to trustworthy authority the Unlteo
-,a+es steel CORPORATION has earned net in the
fast six months S4S.0o0.OO0 which, after an
chargas and dividends, would leave surplus OF
e. ZOO 600 despite the recent strike. on small
Seelirrs International Pump common advanced,
s~d IN was reported that insiders were quietly
a. eumulating the stock It's prlce lS ~" ehousH
.. attract good buyers. - e. 49,.
. he usual weekly table Of price changes for the
bctave stocks follows: