New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-15
'Ex dividend. lex rights.
BONDS.
THE DAYS OPERATIONS IN STOCKS


The stock market was not buoyant yesterday.
tend price fluctuations were generally small In
the more active speculative issues dealings were
relatively large while in the general railroad
list little was doing. Moderate pressure to sell
was noted at the opening. and throughout the
day there was evidence Of efforts making to
lower values but as a rule. the tendency OF
prices was toward a higher level. with last quo
Nations at net gains in the greater number OF
Issues The fact that trading was made up In
great part of the transactions in Manhattan
brooklyn Rapid Transit and some Of the more
prominent industrials certainly did not reflect
a broad or general demand for stocks, but II
seemed to indicate the presence in the market
of large number Of people whose operations
are generally based upon fancy rather than
upon the actual work. OF securities Spectators
like mystery. and as no one can account for the
strength in Manhattan. many spectators are
ianxious TO enter the blind pool now working
In that stock. Some wild and frenzed gamblers
in the Street say that Manhattan will sell at
$50 in a very short time and before II goes ma
terially lower. Other distracted and deluded
prophets predict that very soon Metropolitan
will reach 500 and that Brooklyn Rapid Transit
will very speedily go to 200. Such predictions
are the utterances of besotted lunatics. The
and three or four times day by every trader
who believes that fabulous prices for certain
stocks will ne recorded on an uninterrupted ad-
vance.
The Government has decided TO withdraw
from depository banks by slow stages sum OF
money equivalent to the S20000.O00 that will be
paid to Spain on the Philippine indemnity As
the Withdrawals will cover about twenty weeks
the money market will not feel the effect of the
movement. and IT is likely that the weekly
amounts taken out will soon be offset by an in
creased flow of currency 10 this centre from the
interior Outside of the United States Treasury
(Which holds available cash balance of near
~ 1858 900 0o0) the amount Of money in the
country according to the latest report of the
Controller Of the Currency. is Sl,92I ,S46.342,
against s1.T56 O5s 6i5 on April l last year.
Facts and figures show occasion for worry
over the monetary situation in this country and
IL won't pay TO he a bear because an active bust
ness and investment demand for money keeps
rates above the quotation current in days when
no one wants to borrow. When money goes
a-begsing at per cent. there is more reason TO
be bearish than there is when it is in active de-
niand at and > per cent.
The statement OF domestic exports in March
shows falling off in value from March. 1898.
the same month in preceding years the exhibit
is very fattering. Last years export movement
was phenomenal. yet the record Of domestic ex-
ports Of agricultural products provisions and
mineral oils for the current fiscal year to date
IS in value only about 100000 less while the
decrease in this respect is more than offset by
the enormous increase in exports of manufact-
aired articles. The complete statement of ex-
ports in March has not yet been received but
for the fiscal year TO March the total excess
of exports over imports amounted in value 70
S416,277O07. against $40 593.6S1 in the same
time in 1895. and S3l24s2s19 in 1897. The
actual exports to March | amounted in value
TO SS43 $50. 400. an increase Of about S30,W0NO
over the corresponding time in 1898. but i'm
ports were larger by about S32.O00O00. 1t can
therefore be seen that this countrys export
trade is actually larger than last year's wonder
full record ana that the increased imports are
additional evidence Of the Nations growing
prosperity