New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-05
BONDS.
THE DAYS OPERATIONS IN STOCKS.

With three consecutive Stock Exchange non-
davs impending. trading in stocks yesterday re-
solved itself into a plaything for the profess
rioaai element Atchison again selected
sor the speculafive football and all interest
centred IN this stock At the morning session
she attempts OF the traders IN Atchson to boost
q met comparatively small success. but after
shs noon hour they gathered their forces and
showed Il I'd. until AT the close il recorded q
net gain on the day Of 2Ss per cent. II monopo-
3ized attention. or total Of 2l1.O62 shares
traded IN yesterday. 6a.555 shares were Atchi-
non Between noon and ? o'clock alone the
transactions IN the stock totalled nearly 42eO
shares and this. in such 8 dull market as yes
s~rdav>s gives an idea Of the speculative inter
,et IA the stock Some Of the buying was at
.-St-use6 to Western traders. but the movement
On the stock looked like hard drive against the
bears. Six weeks ago the stock was selling
dozen points below it's present level, and it is
known that there was large short interest IN
~ n was not very difficult yesterday for the
bulls with the excellent crop reports now COM
sng IN. to send the bears scurrying to cover
The professional sellers for decline were the
srno-e easily persuaded TO cover their contracts
IN view OF the triple holiday.
The entire market outside Atchison had the
appearance OF house cleaning evening up
contracts for the holidays. AS usual when there
81 pronounced movement IN any particular
stock the Street was full Of talk to account for
che activity and strength Of Atchison. Yester-
days rehash Of an old yarn that Pennsyl-
wanna and Rock Island were bidding for control.
Nothing was forthcoming to substantiate this
report in any way. and at least. so far Rock
Island is concerned, Il is asserted that offer
was made long ago 70 Rock Island directors TO
turn over = substantial interest in Atchison. but
81 was refused.
The advance in AtchIsou benefited the other
Erangers and. in fact the whole general list in
5he afternoon. Colorado Fuel and Iron was
hammered again by the bears. the attack re-
sultinR in a further loss OF per cent. But this
was the only distinctively weak stock Local
traction shares the coalers, Union Pacific and
Missouri Pacific showed conspicuous buoyancy
and impaired late strength TO the general list
50 thar the close. while duh enough. at
about top figures Business was in such a
staEuant condition in the morning that fully
half the brokers left the floor at noon. and
general wish was expressed that the closing
hour could he put ahead three hours. Foreign
trading had no influence. and. indeed. amounted
10 practically nothing. The sterling market
made an advance OF one-Quarter OF cent and
closed firm.
The preliminary estimates OF the currency
movement this week indicate loss TO the banks
81 something IKE No,aVD.pfo ana a Joss TO the
interior Of S6500oO making the first loss TO the
interior since last February. The first week OF
September usually sees this interior movement
begin I'm volume. An active demand on this
centre for money for crop movement purposes
Sc expected The outlook for what is regarded
az an unfavorable bank statement to-day was
without appreciable effect on stock values. The
total sales OF bonds were S734500 par value
she smallest fun days business in bonds this
year