New-York tribune., 1902-08-21
BONDS
THE DAYS OPERATIONS IN STOCKS


There was marked activity in the early deal
;,rs and the strength was maintained IN 'he
s,ocl market throughout the day, while perhaps
;. "a interests of pessimistic tendency
- looked for by close observers Of the mar
,-+ Trading was on A much larger scale 1hah
-, the nrevious day and for some little time 'ie
+o.s, sales being about 916.h1, in comparison
with only about 563 600 Tuesday The deaI-
,nps were better distributed than Tor some i''le
.irne The high priced railroad shafes' "lii'e
moi +he leaders Of the list in point OF aCtIN'E'
yaceived consdera bic attention and ruleo sIIols-
To,,,s,,iIle and Nashville opened up per cent.
following the decided strength SHOWN LOT 'He
stock in the London market. Owing to pretty
beexv realiza tions during the day in the local
market the stock lost good part OF the gam
,,a6a an the early hours Other high prlceu
railroad issues which attained prominence nE
reason of their strength were ROCK lsiaho' -
PauI and Chicago and Northwestern the lalIei
selling up 3 per cent. The anthracite coal sha'e9
,5isp1aved greater strength and ACTIVITY thdh
for some DAYS While the coal presidents sun
declare that they will make no concessions
whatever looking to a settlement OF the STRIKE
the opinion seems to he more generally held IMAM
<or several weeks that the end of the strike
-nust come soon. It was believed in some CH-
cles that the return of J. P Morgan would be a
@oc,or in the much desired result. In still other
c.rclas If was believed that pressure would be
brought TO bear from outside sources that
zDou1d result in concessions by both the miners
and the operators. These statements are MADE
simply as giving the ideas that were expressed
in the Street. It should be said, however, that
no authoritative statement could be optalheo
that any material change has taken place re-
Gently in the strike situation, or that any change
&c likely to take place in the near future. 1t is
-, r<r rtal mi, F,.aTS
is growing weaker each day. Greater attention
was given to the low priced railroad stocks
than for the last week or more. The so-called
railroad specialties were traded in freely at
higher prices Evansville and Terre Haute,
which has been quiet for some weeks, was dealt
I'm to the extent of nearly 10000 shares at a
net gain of 31a per cent The Iowa Central is
sues each gained l per cent Kansas City
Southern common was actively traded in. Nash
willie Chattanooga and St Louis gained over >
per cent Denver and Rio Grande common and
preferred were specially active. the former sell
ing up AZ per cent and the latter Is
The industrials which during the recent ac-
tive speculation in the railroad stocks have
been compararively quiet received considerably
more attention. The United States Steel issues
were in demand. and made net gains for the
day The positive denial by President Schwab
Of the persistent report that his health was in a
serious condition and that he was about - re
sign as president of the United States Steel Cor
poration doubtless had beneficial influence on
the market price of the stocks The return OF
7 D Morgan was another helpful factor, and
the knowledge OF the fact that James r. keene,
who has always been an active operator in the
United States Steel stocks, viii return this week
also contributed TO their strength in the days
dealings Colorado Fuel and Iron broke sharp
,v on the early dispatches from Denver, which
stated that John ". Gates had been beaten in
his contest for control of the company. Later
the stock rallied about > per cent covering
of shorts The Pressed Steel Car shares were
higher on reports of large amount of new
business recently secured by the company.
American Car and Foundry was fairly active.
and American Grass Twine in demand at
higher prices. Tennessee Coal and Iron ac-
lively dealt in ar a net gain Of per cent The
market closed firm at reactions from the best
figures Of the day.
AS the days go by it seems to be more and
more apparent that serious stringency in the
money market needs to be feared in connection
with the moving of this years crops Every
day additional advices from prominent points
.n the interior indicate that there is consid-
erably larger supply Of money in those centres
than has been the case in previous years. This
condition OF course will help matters materi-
ally here The local money market was de-
cidedly easier.