New-York tribune., 1902-08-24
BONDS.
THE DAYS OPERATIONS IN STOCKS

Z. -
Decided strength was in evidence III the eaiiS
transactions in the stock market me SAM
,,,-s,,,,, that characterized the close on FRIDAY
night was not seen, however. put TINS WAS NO
exnacted as an active and buoyant market
= SATURDAY. is extraordinary during mid
summer months Southern Pacific was easi-
i, the feature and sold up another point 10
-e7k The elaborate presentation OF the posi-
4ion Of Southern Pacific. issued IN pallphie'
form, bv the banking and brokerage mouse liios'
actively identified in trading IN SoulheIh
ci6c and the return of James r. heene were
the apparent reasons for a further auNaH0e IA
this issue Good judges of values ho"eN -
belia,-A that the stock is worth cohsloeI@piS
more than presen: prices Ihe raiiIoau A''
,,,laa strong as a whole during the hIsl hou1
There were some slight recessions ana an IA
,;,,o+;o,, tn moe cautiously until after the ap-
nearance of the bank statement Inc "o"'ii
ern Railway issues reflected some weakness III
- -, aea,5ngs the preferred selling off
ahout / per cent. 1t was to he expected 'iia !
.,,,ari+v- would characterize the trading IN
-,ora ,eeues in the absence of full knowledge
>, +be Street Of the true significance OF the re
ouest Of the common and preferred stocA hoIN
ORG for a continuance of the voting trust Colo
RADIO Fuel and Iron rallied L per cent OF MOI <
bnt wes somewhat irregular the steer s'oCh9
-,ora firm and were dealt in only In a moderate
nay with the exception of Tennessee Coal anu
1ron- which was in demand at fracuonally hlgh-
ar nrices Western Union moved within COM
paratively narrow range on hlghter dealings
T,ronor1ionateIy. than for several days
The hank statement was even more 1aNoraole
+han had been looked for The forecasts MADE
-, Friday. based on the known movements OF
,nonev indicated that a decrease in the loan
item and the actual figures were fully up TO
erpectations. The decrease IN deposlts OF d
sill larger amount another faNorabie 1ea1-
IRE The increase in surplus reserve Whhe hol
large was fully as much as had been antlclpat-
cd In snjte of all that has been said by the
bearish contingent. there is nothing in slght
to indicate any serious trouble IN the monetary
situation Money is still being received from
interior points, and there is plenty OF golo III
F5nrone for import to this country if needed
After the appearance of the hank statement
greater activity was in evidence, and fractional
,61snces were made in some issues. Southern
raci7c continued particularly strong. and was
deal. in on q large scale The same thing was
tr1,e of Western Union The market closed al
about the best prices for the day
The week closed with no material changes in
the general situation Crop reports, IN the
main show better conditions than were recoroeQ
v,eeL ago Nearly all the advices with re
spect TO the corn crop have been decioeoly en-
couraging The exhibits made by the weekly
returns from the railroads continue TO De most
satisfactory. The decreases shown by some of
the coal carrying roads are perfectly natural
and have been fully discounted The reports
made by the commercial agencies indicate that
all lines of trade are in fourishing condition.
The fall buying in drygoods and other lines Is
beginning and promises to be unusually large
There has been no furry in the money market
this week and no stringency Of a serious char
acter is expected by the larger interests. Ii
is not unlikely, however, that the rate Tor cali
money may advance TO per cent, or a little
higher and rule at that figure for little time,
hut this is not regarded an exorbitant rate
in Wall Street. All the large interests who are
willing TO express an opinion seem TO believe
that the prices of many stocks viii 60 con-
siderably higher this fall than the present fig
ures.