New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-03
sex rights.
BONDS.
STOCK MARKET OPERATIONS.

Transactions in Yesterdays stock market
,r.re heavy in volume on movement OF values
.nat generally tended in the direction OF higher
quotations In many issues striking advances
were recorded, notably Baltimore ana ohio'
louisville and Nashville and Peoples Gas, IN
which maximum gains ran beyond per cent
with 2 : per cent gain in Louisville ana NASH
willie The sensational advance in this issue
ms not EXPLAINED by actual news developments
affecting the property but various rumors were
q circulation any one Of which. II true. would
warrant Improvement in the price OF the Sc
clrity. In speculative circles the impression
prevailed that Louisville and Nashville stock
,yould be placed on a higher dividend basis. pre-
s,,u,abIy G or per cent and ii was contended
that II the directors of the company should de-
eide 10 make a distribution at the latter rate
the price of the stock naturally ought to sell al
q better figure in order 10 place the security on
The same plane with other I per cent issues,
such as ST. Paul, for instance. which is now
quoted over 30 points above Louisville and
Nashville Earnings of Louisville and Nash
willie are Increasing, and the territory through
which the company's lines run is teeming with
Industrial activity there is every reason for en-
thusiastic bull sentiment on the stock. The up
ward movement in Baltimore and Ohio caused
10 surprise in we'll informed circles. and further
Improvement in the price OF the issue would be
considered a logical reflection Of the increasing
actual value of the companys securities. II the
last few years the Baltimore and Ohio has spent
an enormous amount OF money its property
and. as a consequence. the road is in a
position 10 handle much larger traffic at a much
emaller cost.
At the close the greater number Of active IS
cues showed substantial improvement COM
pared with the preceding day. the chief gains
hein cd nv Pa nd do
Fuel and Iron, Erie. Illinois Central Louisville
and Nashville. Metropolitan. Pennsylvania. Peo-
pies Gas. Reading, United States Leather, the
United States Steel issues and Atlantic Coast
Line. In the last named issue the demand
came from excellent sources, and. according TO
Information received from trustworthy circles
the movement in the stock IN the day fore
Swallowed operations in the security which
would carry II a much higher quotation
This property will benefit from any increase
that may be made in the dividend on Louisville
End Nashville stock, and the upward movement
In the latter issue naturally attracts attention
10 Atlantic Coast Line.
In the Steel securities heavy operations were
again reported, notably in the common in which
dealings were heavier than in any other security
on the list, amounting 10 $4,000 shares at
3 net advance of q. The preferred on smaller
transactions, closed at net gain Of IL AL
though heavy selling marked the course OF the
Steel stocks. the buying power was heavy
enough 10 Offset liquidation, and sentiment re-
manned bullish. especially in quarters where IN
formation regarding speculative operations came
from sources identified with the inside The
strength in the stocks Of the Steel Corn6ra. ton
extended TO the sinking fund bonds, which were
heavily dealt in throughout the day at ad.
Vancing prices. Final quotations. as a rule were
near the best OF the day
In the call money market there was a dis
tinctly easier tendency. the greater part Of tn.
days business being transacted al 8 per cent
Easier rates in money were accompanied b,
an estimate OF the weekly movement OF none,
showing a gain by the New-York banks in cast
holdings OF over SSooeo0 and by a decline IT
foreign exchange at this centre also by weak
ness in the rate Of exchange in Paris on Lon.
don. Il is interesting 10 note that the compfa.
ton Of the Controller OF the Currency present
ing the condition Of all national banks in thc
country at the close OF business November Il
shows an increase in loans of over S46.OOOOOO
as compared with September G. and an increa 8,
compared with the same time a year ago OF
over S347.oo0Oeo. IN the year TO November Il
cash holdings Of all national banks have in.
creased over S12l000oo0 deposits over S531 .
100000 and the amount due TO trust companie.
and savings banks over S155 100000