New-York tribune., 1901-09-06
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market was irregular on light
volume Of business, with more net losses th2h
gains at the close. There was no public demand
for securities and no especial activity on the
part OF substantial market interests. Iraoeis
worked on both sides of the market. The pro-
fessional element apparently is not willing "
take big risks on the short SIDE OF the MAJ
ke: owing, no doubt. TO the strength IN geheIi
conditions affe cting the actual value or secuIl-
ties. Money market uncertainties keep ine pup-
lie ont of speculation but they do not offer
legitimate reason for beaTishness on STOCKS. c.
reciaIly at a time when foreign eNchahee E'oli41s
toward imports Of gold from either Paris OF
London Rates for sterling yesterday were
again weak and lower and II was geheraIIy De pG-
ieved that gold would soon begin 10 move IillS
way The local Sub-Treasury made turther
transfers Of money for bank accounts TO me
SOuth and West but IL paid out coIlslueI dD4C
amount on Assay Office checks for SoId de-
,,osite5 AT san Francisco Gold is coming 10 the
country from Australia TO pay for American eA-
Dorts and conditions are now falrly laNoLapie
in both Paris and London IoT shpIleiins "a '.a ~
precious metal TO NeW-Hork- Ihe BANK %
England made no change in Its minimum as
count rate at the weekly meeting yesterday
Expressions Of opinion obtained from the leau-
inc financiers in Wall Street encourage the
holding Of good stocks and bonds Tor hlshei
prices 1t Is. Of course, admitted tnat some Is
sues are selling at a level commensurate Win
intrinsic worth but in the greater number OF
cases present stock quotations do not. II is helo
measure past improvement in real Yalue ,Ial, anu
prospects for the fall nd winter seasons. Prod
ably if it were not for the present conaluoh OF
the money market and the fear of higher rates
a good sized bull movement in securities Would
he under way. II is well, however. that specu-
lation is being conducted upon a qulet OASIS as
an outbreak Of bull activity at this time wouio
force demand for accommodation that Woulo
undoubtedly result in temporary money strln-
gency. II gold comes in in volume II may De
difficult TO check bull enthusiasm The marker
Is sound in technical conditions. and it rests on
factors affecting real values that must eNenIu-
ally carry quotations higher.
A traders attack on Brooklyn Rapid Translt
stock encouraged moderate selling throughout
the list in the afternoon dealings In some cases
declines reached a point or more, but the reac-
ton caused important selling, while IL IN
duced a fair demand from the larger market in
terests Notably strong features were Chicago
Great Western issues. big Four, EVansVllie
and Terre Eaute. Pacific Mail, Sugar Rennlng
and International Pump. The last named stock
made a maximum advance OF over one point
and retained part Of the gain until the close.
The company's earnings are at present larger
than ever before and the real value OF the
common and preferred shares has been greatly
enhanced in the last year. At A. the common
stock returns 70 the investor about per cent
The dividend declared last spring was set aside
from tire earnings Of the preceding year. Inc
general market closed weak.
ID A pONnS