New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-30
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Stock market trading was extremely duh.
total transactions amounting to less than 100000
shares Prices moved in irregular fashion.
with more net losses than gains at the close al
though there were few issues in which declines
ran above fractions. ANA gamated Copper was
2 relatively firm feature: also United States
Leather issues. hut elsewhere amng the active
shares the tendency toward a lower level.
The selling pressure. however, WAS not heavy.
Indeed. traders moved with great caution on
both sides Of the market. while outside interests
r-ere not factors AZ any time i'm the day. except
ia the bond department. where moderately
active public demand was reported. In the early
dealings there were attempts to hid M the local
traction shares but at The close Brooklyn Rapid
Transit Manhattan and Metropolitan were
frsctionally under the preceding days final fig
ures.
on the curb Standard oil made another sen
sstional advance rising 10 $40 gain of 10
points from the low level Of the summer
Currency TO the amount Of sl.s1o.oo vas
transferred for the banks by the Sub-Treasury
TO the West and South yesterday. making
loss on this account Of upward Of S1.e0N.ea
since last Friday. II may ne recalled that an
estimated loss in cash Of over ss.oehNoe was
rot shown H. last weeks hank statement. and
Il is possible that tlis amount will be more
freely reflected in to-rnorrow's Clearing House
weeks heavy outgo Of money is adequately
shown in the system Of averages. then to-
roorroN's bank statement will make most
unfazorable showing. Gail money ruled at ~
rer cent with few loans made Is high as -
per cent. Fortunately the stock market Is not
in the midst Of hull boom. and higher rates
for loans should not cause any especial dis
furhance in securities. The local situation will
he well taken care of as il has been i'm the past.
and there is therefore. 10 reason for uneasiness.
Good stocks are worth holding. matter what
adverse sentiment may develop in speculative
circles While money advanced foreign OK
change declined to point not far above the
gold import level.
Earnings Of the Reading ~ stem for Septem-
her show, an increase i'm net receipts Of 81 los
Ga. as compared with the same month year
ago. u hile presenting surplus after all charges
OF Sass 35l against deficit i'm 1902 of $3.50 9S7.
Tor the FIRST three months Of the fiscal year
there is shown a surplus Of S2.3l9slS. compared
with a deficit Of S171a293 i'm the corresponding
period last year. Following the splendid ex-
hibits made 10y the Erie aud Ontario and
Western for September. the excellent showing
made by the Reading ought 10 carry extreme
satisfaction To the holders IF anthracite coal
COMPANY securities. Earnings Of the Reading
5UstifN the recent action Of tho Compauys
directors iu placing the second preferred stock
dividend basis. People who depressed
over the prospects II the railroads ought 10
bear IN mind that about every dividend paving
company in the country is in = position
stand year more Of lighter traffic receipts
and SIN he able 70 pay dividends. Most com
panies have for the last few wears been earning
heavily in excess Of dividend requirements and
they can suffer large decline in revenue be
fore they VIII lie forced to reduce payments to
the stockholders Railway prosperity is by no
means - an end