New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-08
sex dividend
BONDS.
HE DAYS OPERATIONS IN STOCKS

Trading in yesterdays market was extremely
ght total dealings amounting TO only 436.SO6
hares. Prices. as a rule. We're firm. with an
dvancing tendency in q number of issues, es-
ecially IN Manhattan, Missouri Pacific, Della
ARE and Hudson. Colorado and Southern and
irie. While commission houses had few orders
Or the account of the so-called public element.
here was q fair demand from substantial inter
SITS, which evidently were accommodating securi-
es to hold for higher prices Although there
a powerful bear party in the Street, it is be-
eyed IN many circles shat values are near
aeir lowest figures Of the current movement,
nd that Improvement win soon develop. 1t
aould be borne in mind that during the declin-
az period OF the last two months there has
cen no adverse change in conditions affecting
ae actual worth Of securities. while, as mat
n Of fact there has been a steady growth in
usiness and in confidence among business men
yer the future Of this country's industrial posi-
on. If an upward movement does not de-
elop at once, holders of securities should not
art with their stocks on the theory that an
bsence of bull activity foreshadows a gradual
arm in the present tide Of business affairs.
very known factor in the situation encourages
re belief that there viii be further Improvement
the country's industrial activity, and,
snsequence, further improvement in securities
Rlues.
Stocks are strongly held, a large short inter
81 exists in the market. and speculative ac-
eunts are not overloaded. These are tech
teal conditions that do not favor a successful
ear campaign. Gold shipments may be made
ext week. but in view of the large cash hold
tgs in New-Yorlk. and the enormous gold hold
igs OF the country in general an outward
uovement OF the yellow metal ought not 20
eeate uneasiness in financial circles. Dis
atches received yesterday from the West in
lcate a speedy return flow of money to New
ork Chicago banks have already begun TO
sceive money from their Western correspond
ats. the demand for crop movement purposes
ractically being at an end. Call money is still
eld at a moderately stiff rate in this city, but
acre is no difficulty in obtaining accommoda-
on If borrowers are willing 70 pay the price
noted. In yesterdays market call funds ruled
I 8 Per cent. Sterling exchange was again firm.
18th rates near the gold shipping point. The
aange in the last few days in the quotations
u Paris exchange on London has advanced
le point in the New-York market at which gold
an be sent out at profit. According to the
nown movement Of money this week the local
snks have lost s.. 100000. II is impossible. how
yer 10 make any estimate Of to-day's bank
:aternent, owing 20 the va carries of the system
nnployed in compiling the Clearing House fig
res
The large amount o. traffic that is now being
fered 70 the railroads has caused increased
ctivity among the car I'D locomotive building
onSianies. and earnings of these concerns are
aerefore showing renla rSable improY ement. The
nerican Car and Foundry Company and the
resi- ed Steel Car Company have enough work
a hand 10 keep their shops busy for many
,onths 70 come without accepting single new
rder. In the last week orders for new stock
mounted 70 over $500 cars. In regard TO the
gport trade Of the last nine months, it is in
sresting 10 note that the exports Of manu-
actures from the United States have been
lrger than those Of the corresponding period
any preceding year. with the single exception
? 1900 According TO the official figures pub
shed by the Bureau OF Statistics exports Of
manufactures amounted in value TO S3ll,oOZ.-
a. against S295 G60.55l in the same time in
ne preceding year and S33S 67S243 in the cor
ssponding time in 1900 The gain, COM
AIRED with the year of 1889. amounts TO about
% per cent. The temporary reduction in eX-
orts OF manufactures which took place last
ear was due. in great part 10 the maintenance
high prices for copper and to the unusual
ONE demand of iron and steel manufactures.
he movement is showing large gains over
ae last few months. and there is every pros
eet that exports viii reach enormous totals in
ae next twelve months. The record. as set forth
4 Official statements. ought TO be carefully
tudied by the people who are predicting a de-
dne IT, the export business Of this country.
The only important decline in stocks was
iade by Sugar Refining, which closed 2as points
nder Thursdays final figures. Selling was due
the reduction in the price of all grades Of
sfned sugars by the Howels and Arbuckles
trade circles it is thought that the reduction
another move in the war against the beet
agar interests.
THE DAYS OPERATIONS IN RONns