New-York tribune., 1901-11-23
BONDS.
THE DAYS OPERATIONS IN STOCKS

Stock market values made further progress
toward a higher level on an active volume OF
tusiress Commission houses were more dis
posed to advise the purchase OF stocks. "hie
substantial market interests were apparently
,ngaged in working for a higher quotation level
On the advance. however. there was go"u
.,ase of selling The demand was suf1l-
rientlv heavy TO offset realizing movements, es-
necial,v in the local traction shares and IN the
so-called Vanderbilt group. including Union "a
cifc Rumors of Important developments III 'iie
affairs of the Vanderbilt properties were again
circulated without. however, bringing out any
news from official quarters. II Is not 1housh'
rkelv that rumors of distribution IN some Ioiih
ne the Lake shore assets will he followed by an
actual movement Of this kind. Lake Sflore SIN
has about 81 -00noo stock outstanding not con-
,ro1,ed b,- me New York Central. and any pro-
,,oee5 transfer Of Lake Shore assets for the bene-
81 of The Nevr-York Central would doubtless be
onnosed by the minority holders Who OF course.
would not be party to the transfer 1'ioh-
Nev-York Central stock IS prime investment
and II will doubtless eventually become Digger
di,-i5end Daver Al the moment. however, its
rrce is pretty we'll up. the return on the invest
nent being only about ) per cent
The announcement in sentiment yesterday was
,.ea6 in great part on the developments IN the
international exchange market Indications aP-
,ea-a5 10 noint toward q cessation of gold eN-
-o-.s as rates AT this centre were easier, While
an paris exchange on London was higher NO
eo1d was engaged for to-day's steamers and un-
less local rates advance on Monday. with cor
responding decline in Paris exchange on Lon
don exports to France by Tuesdays Vessel are
,,;ta,x The movement so far has taken about
ST. COO 600 from New-York but the actual posi-
tion Of the banks has not been weakened, mas
much as bond payments, receipts of currency
and
Treasury for gold deposited at Pacific Coast
points have about offset the amount OF soio
shipments According TO the known movement
of money in the week the local banks have. de-
spite the heavy gold exports, gained nearly
SlGa coo in cash. Liberal offerings Of money
were made yesterday at 1 per cent
The market closed under the best prices of the
day although in all but few stocks net gains
were recorded Peoples Gas weak in the
last hour on selling induced by the refusal of
the Federal courts in Chicago to grant an in
junction TO the Union Traction Company in its
apreal against the franchise 1t was nat
urally argued that the Peoples Gas Company
would have no better success in contesting the
assessment Amalgamated Copper was also
heavy Ann Arbor issues small dealings
MADE sharp advances; also General Electric and
..Panhandle' In the active list the more i'm
portant gains were made by Sugar Refining,
PENNSYLVANIA, Baltimore and Ohio, Missouri Pa
cffic Norfolk and Western, Reading. United
States Leather and Wabash preferred On a
light demand conspicuous gains were made by
Pacific Coast Jersey Central. St Paul pre-
ferred and Kansas City and Southern preferred.
1t is said that Pacific Coast common will go
to par
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS-Market strong Final