New-York tribune., 1907-10-05
Closing prices of active bonds dealt in, with
STOCK MARKET OPERATIONS.

on a very moderate volume of business the
total transactions being little in excess of a
quarter of a million shares, the stock market
moved rregularly yesterday, developing strength
in the afternoon trading and closing with net
gains for the majority of the issues dealt in.
Decided Improvement had occurred in London
where consols had advanced sharply and the
general market had made gains on the easier
money situation and the failure of the rumored
financial trouble in certain Continental centres
10 materalize; but the local market did not at
the opening reflect the bettered conditions
abroad, and the tendency slowly downward
during the morning. The trading throughout the
session was mainly professional. and the call
money rate, which had ruled high 6 Z per
cent in the first hour, began to decline firmness
developed in stocks and prices advanced. For
the first time in several days London entered
this market a buyer. purchases of shares for
its account about equalling sales.
The New York Metal Exchange once more
announced a slight shading of its quotations for
copper but this action had little no influence
the prices of shares of the Amagamated and
other copper companies. decline in Southern
Railway preferred to 477s 25s points under
Thursdays closing figure was accompanied by
rumors of impending receivership for the prop
erty Emphatic denial given these reports
by President Finley, following which the stock
advanced more than a point, closing at 49, a
net loss for the day of y points. The common
lost Is per cent on the day. The annual report
of the Brooklyn Rapid Transit Company, show
ing a surplus for the year equlVdlent TO 4 y per
cent on the S45,0000 600 of capital stock, despite
q decrease in net as compared with the figures
for the preceding year. failed TO stimulate de
mand for the STOCK which had had a fair ad
vance earlier in the week. RumOrs again
current Of dividend action, II being said that
per cent declaration about to be made, but
this was denied by President Winter, who said
that the directors had not held any meeting to
take action upon the question of dividends.
The shifting of accounts in connection with
the preparations for meeting the October in
terest and dividend requirements makes any
estimate of the probable size of the loan item in
to-day's bank statement more than ordinarily
matter Of guessvorlI y loss OF about $5,350.000
in cash for the week is estimated from the
known movements of money during the week,
which, if It proves tolerably near to accuracy.
should be regarded as not unftvorable, Compar-
ing with a decrease of $3,797, 800 for the CORE
spending week in 1906 and $S454,700 in 1905.
The demands for cash from the interior in the
current week have been the largest for any week
this year and the movement may be expected
to continue for some time. owing TO the lateness
Of the crops this season. Comparatively small
deposits of government money have been placed
directly with the local depository institutions
this week under the recent plan of Secretary
Corteylou. but It is understood that larger
amounts will be deposited next week. Time
money rates hardened a little yesterday but not
much business was done, the supply being far
from plentiful. The rate for call money, al
ready noted. showed a declining tendency early
in the day and toward the close. after demands
of borrowers had slackened, fell to 3 per cent,
which was the closing quotation.