New-York tribune., 1901-06-21
.Ex dividend
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Less than a half million shares were traded in
Yesterday on the Stock Exchange. and the mar
ket was dull and irregular, closing with de-
clines about equaling IN number the advances
The trading was largely professional and there
were the usual predictions OF a poor oank
statement on Saturday; although 1t now seems
increasingly probable that the statement VIII
be more favorable than was last weeks Inc
sun crosses the line to-day and summer is al
hand. a period IN which listlessness is usually
looked for in the stock market; but the condi-
tions other than climatic are not such as 10 LEAD
TO the expectation Of widespread depression in
stock values Call money yesterday again ruled
most of the day at per cent, closing at 3ls.
and the indications were that the threatened
disturbance and Tightening Of the money mar
ket as a result Of the preparations for the un-
usually heavy interest and dividend disburse-
ments Of July l. would be averted.
Sterling exchange had a further decline. re-
moving for the present any danger OF large
gold expectation. The Bank Of England re-
ported yesterday an increase for the week OF
100000 in gold coin and bullion, its proportion
of reserve TO liabilities being 5l.79 per cent; and
other foreign bank statements this week have
been similarly favorable.
No adverse news regarding the crop prospects
has been received, the foreign commerce of the
diminution, and railroad reports show the now
customary large Observation-Disclosures Central,
for instance in its statement, issued yesterday,
reporting an increase in net earnings for May
of s2l $50 and for the five months ending May
81 $4,000.
The big net change in yesterdays market was
mace by General Electric, which on sales OF
1900 shares, and under the influence Of reports
that the company was take over the British
Thomson Houston company and that valuable
rights would be given the stockholders, ad-
vanced Is points, TO 263 closing at the top.
Absolutely no news came out in regard TO the
reported community of interest negotiations
in the Western railway territory, and ST. Paul
and Union Pacific both closed fractionally below
Wednesdays final quotations The United States
. Steel issues stood fairly steady each making
a net decline for the day of Is per cent, while
Colorado Fuel and Iron sold down another 6
points, 10 los subsequently than recov-
ering this loss and closing at 115, net ad-
vance of a point. Tennessee Coal and Iron
gained lls per cent Amalgamated Copper was
largely sold the transactions representing both
realization and arbitrage operations based on
the differences in value indicated by the pub
lished terms of exchange of Amalgamated stock
for that OF the two Boston companies. After an
early decline of points, the stock rallied to 12J
at the close. a net loss Of 114 per cent. Glucose
was strong and advanced fractionally. the
report that the company would absorb its al
legged Standard Oil competitor which has for
several months been erecting a glucose plant
at Fort Lee, y. J. The bond market yesterday
was in general firm the feature being the ad-
vance in the Central OF Georgia Railway issues