New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-27
FINANCIAL AFFAIRS
STOCK VALUES UP.
Little Interest in Current Speculation
-MOneu Market Prospects.

-r-er-sctions in Yesterdays stock narNe1 ~,
light in volume. representing IN EIe'' pics
onerations Of the board room eieil.mt' an,
were strong throughout. and no u, t,
,,esred 70 he experienced in advancing
tbo,,cb the Improvement failed to attract - a-z1
o,,,etde s,,pport or realizing sales. Last dea'IsE
as rule were made up of evening u "a
tracts the selling that occurred ia Nil.S
effect upon quotations, when edSNH 49,,
+,,air carly gains There was little STOCK III '
,arl,e+ az the close and no indication IN SPtou
1ative conditions of any uneaslness OH t,le 50
If Wall Street over the approach VI - -,
u,ben new President will be chosen. NlEH'l'
Increased activity in Atchison stock vas accom-
nanied by a report that a prominent CaFi'oii0
identified with the steel business had purChas-u
ca lis on the stock maturing after tHe eieN'i'
hut in the company's statement OF 7ep'elii'ei
.o-rirce annie reason was found for bullshness
on the security gross earnings showing OiiS "
small falling off from the record OF the corr
srond;re month last year with big gam III
net as a result Of a heavy reduction IN operating
expanses With the exception OF oel''ei'
1907 gross earnings in the month uli"e, 49,
-ora larger than in any preceding slmlIal liiie
= 49,, ,,f-.or,, of the road For the first three
,o,+L. IF tho current fiscal year the company
makes q most satisfactory exhibit reile.tIil7
Improvement in tine traffic business Oh 'e ~
of the company and strict adherence pE tH9
management of the road to SOUND business ~ -"
i,Iae Aroalgamated Copper again was strong
feature as a result Of improving conditlohs III
the copper metal market, while the metal slai e
in general were higher. Northern racine anu
Union Pacific showed net gains OF NOR nc ~
one roint while elsewhere in the active hSt
final changes were confined TO fair sized frac-
+ione Trading in bonds relatively more
active than in STOCKS
The general course Of the stock market yester-
dav did not suggest the development OF any
great activity in the current week. commission
houses are advising caution in speculative opera
4 ,,Ff1 he
naign the more important Wall street interests
show no disposition to make extensive commit
| n7ents and room traders are doing little moro
| than 4 small swapping business. 1t should he
/ noted. however. that the people who hold stocks
! arc confident enough over the outcome Of the
| election To maintain a tight grip on their Sc
/ curity possessions. and show in their attitude
! the belief that with the election Of Mr.. Taft
| prices gradually will work toward a higher
| level The question Of the way values will move
/ Immediately following the election in the event
! Of the success of the Republican candidate is
I not bothering Wall Street at the moment, the
( opinion being quite generally held that there
1 will be q substantial advance on November
/ and then a reaction realizing sales. on the
/ other hand, il is thought with good reason that
/ if Mr. Bryan. by any unhappy chance. should win
the victory prices would suffer a severe setback.
/ In view Of election considerations. il is not
! reasonable To look for quiet times in stocks in
! the remainder Of the week but there is nothing
| in the situation that warrants alarm on the part
OF investors. There has been evidence OF in
vestment liquidation at any time in the current
political campaign. Apparently the investment
community is depending upon the common sense
Of the American people to keep Mr.. BRYAN out
Of the White House just as it did in 1896 and
1900
Money rates yesterday unchanged from
/ the quotations that prevailed in the preceding
week and with no indication of important move
ments in the future. Bank conditions are
strong, and there will be a good supply of money
hand 10 meet the requirements OF the next
few months, which may include a call upon the
depository institutions for government funds
and possibly gold exports. The Bank Of France
continues to strengthen its gold holdings and
in the event Of trouble of a serious nature in
the Near East New York probably would b..
compelled To send some of the yellow metal to
Europe. Turkey wants money, and the solution
/ II the Balkan situation may depend upon the
/ Willingness of France to finance the Suitan's
needs France soon Will be financing a new
/ russian loan. and the accumulation o. gold at
! The French capital Is therefore not sur,,risiny
! VI the S"lth African gold offered in the London
open market IN recent weeks Paris has secured
! practically the entire arao,pt