New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-07-10
BONDS.
THE DAYS OPERATIONS IN STOCKS


Opening at a lower level than that OF Mon
days close the stock market before the end of
the first half hour yesterday rallied sharply, and
thereafter during the day continued strong and
active. A determined effort made by oper
ators for the decline 10 force prices still lower
the weakness of the London market aiding their
design; but powerful interests soon appeared as
purchasers, and investors of lesser degree en-
tered the market to pick up the valuable impedi-
menta which frightened overburdened holders
had thrown away in Mondays disorderly re-
treat: the news from the West of better
character and It was realized that the millions
lent on Monday at per cent for the avowed
purpose of steadying the market would be fol-
lowed by other millions II necessary. Then the
shorts began to cover their change of policy. of
course aiding in the advance Call money was
relatively easy yesterday, ranging between 6
and ~ per cent. and closing at >, most OF the
days loans being made at per cent Advices
from Pittsburg supplemented information from
high sources here that the trouble between the
United States Steel Corporation and the Anal
gamated Association Of Steel. Iron and Tin
Plate Workers would be amicably and salts
factorily adjusted at the conference to be held
tomorrow in the Steel City. Semi-oficial an
nouncement made that the rate war
threatened by the Atchison would be averted.
partly through the intervention Of the great
banking interests. and in confirmation Of this II
was declared that the Atchison had postponed
the date on which its new schedule was TO have
gone into effect
AS for the crop situation. 1t developed no more
alarming features than had been noted on Mon
day. Corn is doing well IN Nebraska and else
where except in Missouri not the most impor-
tant producer Of this grain. and in Kansas,
where there is undoubtedly serious damage. But
even in Kansas the late corn is reported IN
fair condition The government crop report
Of July !. to be issued to-day. is awaited by the
Street with great interest Last year the Wash
ington report for July / estimated the Kansas
crop at % per cent and the August ! estimate
was Il per cent. while the State Board of Agri-
cultures estimate Of August was as low as Sc
per cent, yet the actual harvest 1853. $40, $50
bushels as compared with 237 .621 .222 bushels in
1890 All the reports from the winter and
spring wheat districts still favorable. Some
OF the chief net advances in yesterdays market
made by St. Paul. 37s per cent; Union Pa
clfc. 2$s; Atchison common, 21s; Atchison pre-
ferred. pa Missouri Pacific 2B; Louisville and
Nashville 2I5; Illinois Central. the stockholders
OF which soon to receive valuable rights. 81
per cent; Southern Railway preferred. IL:
United States Steel common. 22s. and preferred.
per cent. Brooklyn Rapid Transit advanced
rs Metropolitan ] per cent and Manhattan Ia
1t was reported that an important announce
ment regarding the relations between the North
Pacific and Union Pacific might soon be
made, this statement, 1T understood setting
forth in some detail the agreement entered into
between the Morgan and Hartman interests re-
garding the operations of the Northern Pacific
and Burlington roads.