New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-25
BONDS
The DAYS OPERATIONS IN STOCKS.

The DAYS OPERATIONS IN STOCKS.
Stock market values were weak in the greater
part % the day large volume n business.
There were no new developments Il sufficient
iuportsnce TO encourage lower prices. but
operators FOR the decline based thei- transac-
;ions on the theory that there were ample rea-
in the refusal az prominent interests %
support the market. in the possibility az trade
reaction ia The next year and I'm the apparent
financial entaug dement's Of many people result
3lg from the decline in values ana the collapse
81 certain enterprises in the last year to Justify
position the short side Of the market
Dealings were larger than On any day ia the last
fwo weeks amounting 20 over $4,000 shares. 81
which the greater part was supplied by Anal
gamsted Copper Atchison. Baltimore and Ohio
~. Paul. Erie, Missouri Pacific. New-York Cen
trsl Pennsylvania, Reading. Rock Island. South
ern Pacific, Union Pacific and the steel Issues.
In these stocks losses generally ran from 10
3 points The decline was Unexpectedly severe,
end the extent Of the losses naturally created
rneasiness in speculative circles. large
amount OF liquidation was recorded for the &C
count of people with exhausted margins. Forced
liquidation was leading feature Of the day
6oalires q notable exhibition Of this tendency
being presented 10y United states steel pro
..rred. which lost az points. declining 20 63 its
an investment yield on tho stock II over u
9,ar cent The common was active. but lost
less than per cent
spectators who arc esDoused 10 Tho pear
side Of the market evidently believe that me
d.Hculties in which many capitalists have be
como involved. owing 60 the collapse - certain
industrial concerns and To tho refusal ~ the
Investing public TO come into the stock market
a. buyer. have created a situation that may
~4af ra4fe r-cF-
A careful examination ~ tho general financial
and trade situation does not warrant the eN-
pectation OF amy development OF this character
There arc certain lndicailons NAV Suggest a
reaction in trade, but 'hei" are ID" '''-S il
fhe industrial "f hhah'lal s''"a''"N ''o1 i''
shadow industrial insolvency foioeIS VINO
bought securities III higher prices are o'u"'l'S
depressed over III" poslh'h "' 'n' 81" ms N +.
hu' they shou'' ''''i " '''''. '1
"ot go ou' "' 'uS'l.-S "'.1 ~ ~. m,
come "h'h '"''' %" ~ 'S ''.'-' ''''
IS 'hor' Us no" "'a' l'sSl'i''s-- si' --''e 20
course ~ values 7l'', "'' .''
JOSS. ne country wa ''i''''- "
owners ol s"u'n A'"'l '''-" poi
Used %" lndlll''l" ".'' H'- ~. '-
F'"H' ''e"i' ~
'uSll'Ss '''- 4''''. ''i1 ''' '
Ih Peil"os 'I "'aI f-iI''''"'H ll ''' S
i'afN"' operators ''' 'l' l'N'
''lu - Fl" '
"iHhcu'N lh o'l''Ss''N N"-''S ".' '.'
'n IN" sne'oia'N' community d 'e'-' '''". p
'a'e' near h'Ns ls h'''"''.'' =" '-''
n8iN'' 'e IeoI'' WHO WIZ '' MIS- '' N''i
i'ailiIn'Ie ana 'h-o H'''" S'.l '''
fhat me business interests 'i 'i' i'a''i'' =
'i' 'ii" '"Iil''IE "a' N''' ~ ..'S gnu 'i''
fafhliles "I 'he COMPANY 'n '''' ii'N' -'N Et'-
NoU1 "e lal ''''" o.''D'i''
mere may 'e 10" ""la'It 'i Ha''Hno4e anu
'h" VINO gre l'- iieI.'iii- ieSt'l-si'le' '"'
'''ne-teni's ~ INC owners or baltimore ana
'hl' s'''Ns aie uhu'u'le'iF pc l-e 'ieSs'A
WIN a"ie nhhds people VINO WIZ hol sci ineif
f"'1ii'fs because S''Nk h'"ih he manu- a'ai"i =
w" Know no more ahout the position ~ lhe
"aininorF ana ONO 'hah they hno" anoiJ me
lfo''ins ~ E1'l'- 'h'o'faEe inc SAFE 81 ii'ss
ISSUES. ID was Saia YESTERDAY On SrocutatlVs p
'r'leS lh"i baltimore ana ONO would decline
=" '' a Us present Ifl'e haIhnore and ohio
's good bargain. y Il is pushed down 20 Co
through the manipUlaflors 81 professional gam
''iS d VIII io'hlsh "a rare opportunity ior In
N+S'l'eht purchases.
ACCORDING ." 'he present pcssiInistic senti-
'''"e iH "eH Sueel 'Nsie afe no valuable
SHOCKS Oh inc list NeoPh>ies IN speculation
may pace S1hae commence Old this infautle
tueg estl"n' DIT The majority ~ substantial