New-York tribune., 1901-08-10
-Ez dividend
BONDS
THE DAYS OPERATIONS IN STOCKS

The stock market was strong on a small vol
,,,7e Of business in the greater part Of the day,
the last half hours dealings, however, being on
declining values. AS rule, final prices showed
small changes with more net gains than losses
Public interest in the market was light, and the
chief support TO quotations came from pro-
fessional operations in which buying to cover
short contracts made up the greater part OF the
business. Certain issues were helped by various
r.ports ard theories regarding the future OF
the properties concerned but in the majority
Of stocks prices moved entirely under the in
fuence Of traders transactions The South
western railroad issues were hid up the
rumor that plans for great Southwestern com
bination would soon be announced, but in Well
informed quarters il was said that no move
vould be made in a consolidation scheme in that
part of the country until the fall The railroad
situation in the Southwestern States and in
Mexico is worth watching. It is known in Ger
tain railroad and banking circles that impor-
tant changes in the stock ownership of the
various properties has taken place in the last
year and il is generally believed that the
Gould Rockefeller and Union Pacific interests
in the Southwest viii soon develop another
instance Of the community Of control scheme.
Mexican Central and Mexican National are
properties that have a bright future. The re-
cent purchase of the control of Mexican Ma
tional by prominent local banking house re-
fleets developments of Importance in the Mexi-
can railroad world.
According 10 the known movement of money
in the week the banks have gained nearly
100000 in cash. The total gain on interior
operations. new gold and bond purchases,
was about So 10000 but owing TO
loss to the Sub-Treasury of over S2.712. 700,
the net gain was cut down to the figures al
ready named. The noteworthy feature of the
course Of money in the week the further
gain by the New York banks of large sums
from the interior, and also large additions to
their gold holdings through Assay Office checks
for gold deposited at San Francisco and Seattle.
Sterling exchange was easier. and none of the
yellow metal was taken for export. 1t is still
uncertain whether or not there will be a good
shipping movement this month. There will be
no cause for uneasiness even if gold should go
out, as the country is well supplied with money.
while new gold from the Klondike and other
gold fields is being constantly added to the
country's available supply.
Weakness in the late dealings was due in part
to Chicago selling. which was particularly ag-
gressive in Peoples Gas. This stock after re-
covering part Of its dividend early in the day,
sold off rapidly under active selling pressure. in
spired, il said, by information that
litigation against the company was to be start
ed by the city of Chicago. The Peoples Gas
Company has weathered many speculative at
tacks from the political speculative gang in
Chicago. 1t has continued TO sell gas. pay div
ioends and 2 surplus above dividends, and
ii is not likely that yesterdays decline fore
shadows any development that will injure the
stock as an investment. The granger and Pa
ci1c shares and the steel stocks closed lower
after substantial improvement while the whole
list was heavy at the end.
THE DAYS OPERATIONS IN BONDS