New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-01
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Stocks were strong IN the greater part OF the
dsv on a moderately active volume Of busi-
ness. dealings showing improvement over the
average for week ago. Announcement Of the
uew Metropolitan deal naturally created favor
bic sentiment on all the traction shares. as II
ives thought that the sale Of the Kuhn. Loeb
a Co holdings was another step in the line of
consolidation 81 sll the traction companies Of
Neu-York and Brooklyn. metropolitan ad-
vsnced : points in the forenoon dealings. Man
haitian point and Brooklyn Rapid Transit l}s
points. Regarding Brooklyn Rapid Transit
q yss thought that the extension Of the under
ground route 10 Brooklyn would he followed
ny tho passing Of the control Of the company
20 the marlborough system. but II ad-
initfed that control % the property could not
ne bought al current prices. insiders have ad-
ded largely 20 their holdings Of Brooklyn Rapid
Transit stock in the last few months. and control
is held absolutely by the interests represented
on the board OF directors. The compsny's earn
iugs show marked Improvement. and the time
IS spproa ching when stockholders viii be able
10 figure a dividend. II is likely that when the
Iuterborough Company secures the Brooklyn
Rapid Transit Company the latter VIII be in a
position TO demand a guaranteed dividend. In
terborough guarantees Manhattan & per cent
until 1905 when the rate viii he IA ised TO =
1
Pacific. Atchison and Missouri Pacific were IA
: fair demand. although the greater part OF the
buying represented covering Of shorts COM
mission houses we're not active. and The failure
- The public n respond 70 the early advance
led 20 considerable selling IN the afternoon.
Prices reacted materially from tho highest clos
inF, however. al net gains in most issues.
London was moderately heavy buyer, espe-
cialIy in Erie.
The relatively favorable showing made by
Saturdays bank statement helped sentiment
and prices Demands for money from the South
and West are not hesNs. owing 20 late crops
but The chances arc that requirements Of tho
cotton harvest Win begin to he felt tins wee k
ifehrr prices Tor cotton. corn and wheat Viii
doubtless cause heavier shipments Of currency
from NeO-lork this fall than a wear ago. hui
'he1e appears 10 be- little chance If acute dis
'urbanca In this market. although higher rates
Tor money must ho expected. in Tho last v-aol,
receipts ~ wheat ~ chicago were $4,000 hush
els less than in the same week En- 1Qne raceip:s
~ oars were SG9. orn bushels lighter "a biIa ro-
"eip's ~ corn were iu2 epn bushels heavier.
General traffic movements on thc Vester-. r,,.ds
for tho last week we've heavier thar, II, f,,o
corresponding time year ego. and reports from
al parts Il the country were encouraging.
Excellent reports for duly continue 10 arrive
those OF tho Central Railroad ~ Nevv-Iersa,-
and the outhern Railway being The most mole
worthy received yesterday. The frst named
showed en- Increase IA gross earnings 81 S7c4.
90 and N not an Increase Of S54u020 IS com
pared with the same month = year ago and a
surplus. after fixed charges and taxes - 1929 -
Sns. against detcit last wear e SS5IS0 south
ern Railways earnings increased ~ gross S9.6 -
az and IN net Slo9.@15. This companr's an
rusl report vfl b issued and II is b.
lieVed that it viii make = favorable showing
although the companys large expenditures on
;he property from earnings have Offset - some
extent the increase in gross returns Upward
- IL TO- cent rs expected on tho common.