New-York tribune., 1901-09-21
.Ez dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS

The stock market was irregular IN the sfea'ei
mart of the day. although final prices showed
as a rule net gains over Wednesdays CLOSING
ouotations In the early dealings prices were
generally higher while the volume OF business
reflected an active commission house demand for
securities as well support from prominent
market interests Various factors contributed
N TIE cheerful sentiment that prevailed
throughout the Street Well defined rumors OF
. large railway deal involving the Vanderbilt
rronerties were heard and a consequence
active buying developed in all the so-caled
Vanderbilt issues and in the railway list IN
general It IS said that the plans OF w. ~
Vanderbilt and his associates will, when hnally
completed result in the launching OF new
railway corporation that will own ana cohuroi
the various Vanderbilt railroad properties, IN
Guiding the Union Pacific and the Chicago anu
Northwestern No official information has so
far been given out concerning these plans, but
ranorts regarding the deal come from trust
worthy sources
In addition to the influence of the factors
inst named upon stocks. the money market
situation helped sentiment and prices 1t is now
believed that there will be disturbance IN
the money market at this centre this fall. owing
TO the ready response Of the Secretary OF the
Treasury in buying Government bonds and ieaV-
ing internal revenue receipts on deposit with
official depository banks In the week closed
last night the movement of money indicated
that the banks had gained nearly S9.oooooo In
cash. the greater part of which came from
government disbursements bond account
The demand for money from the interior con-
tinues active, and there is little prospect OF a
change for some time. The sterling exchange
market is weak and at about the gold import
ing point Gold imports SO far amount to only
$4,000, engaged in Paris for the National
City Bank With the current tendency in the
foreign exchange market, round amount OF
gold may be expected to come into this coun-
try. The demand for money yesterday was
not urgent and call loans ruled at 4 per cent,
while time money showed no change from
Wednesdays quotations. The relative ease in the
money market encourages bull sentiment in the
stock market.
Buying Of stocks was comparatively heavy in
New-York Central, the minor Vanderbilt issues,
Southern Railway. Southern Pacific and Union
Pacific. All the trunk line shares were strong;
also the anthracite coal shares. The advance In
Denver and Rio Grande common was appar-
entity due to the expectation that the stock will
be soon placed a dividend basis. Heavy
buying was noted in Southern Railway COM
mon and it was generally believed that in
terests closely identified with the company were
accommodating the stock. Earnings Of the South
ern Hallway Company ana or all the railway
companies in the South and Southwest show
extraordinary gains over this time year ago.
and in the case Of the Southern Railway the i'm
provement encourages a belief that the pre-
ferred stock Will be advanced to per cent
dividend basis at the next dividend period. In
the industrial list United States Steel shares
were fairly well bought; also Republic Iron and
Steel preferred, which taken by substantial
investment interests. This stock is cheap at its
current level on its dividend yield.
The principal feature OF the industrial list.
however. was Amalgamated Copper, which
fuctuated in a most erratic manner, covering
a range Of over four points, with its final price
a net gain Of two points. The movement In
this issue due TO the uncertainty the
dividend declaration. At the close the general
market showed extreme dulness with advances
in the greater number Of issues. The Analga-
mated Copper Company declared a quarterly
dividend Of 1h per cent, emitting the usual
extra dividend OF one-half Of / per cent.
THE DAYS OPERATIONS IN BONDS