New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-14
OPERATIONS IN STOCKS.

Stocks were strong throughout the day on
light volume OF business. prices advancing In
many issues over l per cent on puyln8 'na'
represented, as rule, the operations or the pro
fessional element. There was no Important
commission house inquiry for secuFlues anu
there were no indications of an awakening IN
+arast IN the part of the public in speculation.
despite the vigorous efforts Of the pools ana
svndicates to attract active outside buying
demand. The copper ard steel shares, St Paul.
Canadian Pacific American Locomotive Della
ware and Hudson, Reading, Southern Railway
Louisville and Nashville and Union PACING OF
the active list made the best showing in the
matter of net gains while on a smaller VoIuhe
of business Northwest, Northern Pacific, Mis-
souri, Pacific and Tennessee Coal and IRON en-
loved substantial improvement Delaware
Iackawanna and Western, on TRANSACTIONS
amounting to 300 shares made a new high
record price at 49, This is the highest priced
stock dealt in on the New-York Stock Exchange
and the limited amount Of the issue outside OF
investors hands and the small amount Of the
company's stock capital suggests still better
quotation for the issue There were no move
ments of Importance in the day and no great
interest was taken IN the market, which closed
firm but exceedingly dull. Money rates, not
withstanding a favorable forecast of to-days
bank statement, ruled at per cent while ster-
ling exchange again moved against New-York.
In the foreign financial centres discounts as a
rule were firm
Exports Of domestic products in the month Of
September fell under the record OF the same
month in the preceding year. although the de-
cline was not important except in the case OF
cotton shipments In which there a reduc-
ton to the value of nearly S11,OO000O. The
actual movement of this product, however, was
much heavier than in the same month in 1908,
1902 and 1901 Exports of breadstuffs increased
over S6,500OO0, and the net decline in all ship
ments in value was So, 445,S70. For the nine
months of the fiscal year exports Of domestic
products have Increased in value $50 $40 49, of
which the larger part was supplied by the gain
in shipments of breadstuffs and cotton. It is
quite likely that the full statement of the coun
try's foreign commerce, which will be issued on
Monday will make favorable comparison with
the corresponding month last year, and present
a substantial excess of exports over imports
There has been a favorable trade balance for the
United States throughout the current year. but
the excess of exports over imports has been Off
set by transactions which not only have wiped
out the balance on trade account but have prac-
tcally made this country a debtor nation This
is not bad feature. When country has good
credit with other countries It indicates prosper
GUS Industrial and financial conditions and in
the present case the United States has every
reason to feel proud over its trade and financial
relations with foreign nations.
According to the known movement Of money
in the week the local banks have suffered only
nominal loss in cash holdings. For the first
time in many weeks there was a gain in the
operations with the interior, and this fact nat
urally created the impression that the biggest
part Of the demand for funds in connection with
the movement Of the crops had been satisfied.
This probability, however. should not encourage
the idea that there is to be an Immediate return
to easy money rates Bank reserves still are
low, and there is little prospect of further large
gold imports at present, the foreign exchange
market is well above the point at which gold
may be brought in at a profit