New-York tribune., 1901-05-22
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Coronared with recent heavy dealings in stocks
Yesterdays total transactions represented an
extremely inactive and dull day. In the FIVE
hours Of trading sales amounted 10 649,2S1
shares of which the greater part was supplied
l,y the leading speculative favorites, such as
yrn:an Pacific. Missouri Pacific. Erie. St Paul
snd Atchison in the railroad list, and United
States Steel stocks, Amalgamated Copper.
American Iinseed issues and Sugar Refining in
the industrials AS a rule prices were strong
and higher. In the early dealings efforts were
made 10 lower values, and in a number Of shares
sharp declines were made Missouri Pacific sell
ing down 3 points, Manhattan points and the
Erie issues, Reading second preferred, Della
ware and Hudson and Norfolk and western
l@2 points In the greater part of the day
price fluctuations were extremely small but IN
the last hour marked advances were noticed
throughout the list with especial strength in
the Erie and Wabash issues. Union Pacific and
Rock Island Other noteworthy strong features
were Louisville and Nashville the Mexican
shares American Lnseed. National Lead and
Toledo St. Louis and Western. The market
closed strong.
The money market outlook favors relatively
easy rates in the course of the next few weeks,
with growing ease thereafter. until the demand
for crop movement purposes again takes cur
to the interior. lTOlO exports are nkelg
TO continue for some time 10 come, but the loss
to the banks this account should be more
than offset by receipts of money from out Of
town. With ease ahead in the money market
and with industrial conditions favorable the
"long" side OF stock trading should naturally re-
main the popular side throughout the summer.
A dull market prevails at the moment. but the
character of buying is good especially in the
sound investment shares and in the issues that
are selling wei under their actual worth. In
vestment interests taking stocks out Of the
Street and the additional securities which have
been added 10 the list so far this year and those
that are yet to be added are not having any
particular effect the floating supply. New
stock and bond issues have been offset by the
retirement and withdrawal from the market of
older issues, and as a consequence the Street is
not filled with a mass of undigested securities.
Railroad deals and other financial operations
have locked up vast amount of securities that
viii not be available for speculative purposes
again.
The low priced coal stocks, Wabash Issues. the
cheap Southwestern shares and the Southern
Railway securities are among the attractive OPP
portunities in the current market. These shares
and others Of similar standing are being alb
sorbed by interests who work for more than
quick turns in the market In the industrial
list good buying is reported in the preference
shares Of the American Car and Foundry Com
pany. international Paper Company. Interna-
tional Pump Company and United States Steel
Corporation International Pump common is
also being picked up by investors on dividend
prospects The directors OF this company have
set aside an amount equal to per cent on the
common stock, and quarterly dividends will
therefore soon begin. The greater number of
new industrial organizations have proved their
worth in the last year, and their securities are
now beginning to attract conservative buyers
The days business yesterday was smaller than
on any preceding day since the last week in
January.
THE DAYS OPERATIONS IN BONDS.