New-York tribune., 1901-06-16
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Although the showing made by the bank
statement was far from favorable the state
ment was rather better than had been looked
for and thus had little influence yesterday in
depressing the market. which exhibited as a
whole decided strength. The feature OF the
trading was for the third successive day St.
Paul which on sales of nearly 10000 shares ad-
vanced TO ISIS closing at lSo24 n net gain or
6IA points for the day and Of l4$4 points as COM
pared with Wednesdays final quotation. The
advance in ST Paul Of course. represents the
increasing confidence in the trustworthiness or
the report that negotiations for the transfer OF
certain large blocks OF the stock to Union Pa
cifc interests are in progress and likely 10 be
successfully completed. This transaction. ac-
cordng TO the Streets understanding OF and
information regarding the situation, has been
entered into with the object OF strengthening
and extending the community OF ownership"
policy in the Western country Union Pacific.
although under considerable selling pressure.
was well absorbed on the decline. and closed
with net gain Of rs points. Chicago and
Northwestern which is closely identified with
Union Pacific. and which. according 10 common
belief. Will share benehcially in the arrangement
proposed to be made in the Of the 81. Paul.
advanced sympathetcally with the latter, the
common stock gaining 4& points and the pre-
ferred IA Colorado Fuel and Iron. which
breaks records daily. SCARED still higher yester-
day going TO 133 and closing at 1905. a net gain
OF 5Ts per cent. a shrewd suspicion finds ex-
preston in the Street that overtures may have
been made for the absorption OF this prosperous
and well situated company by the United States
Steel Corporation. and that It's controlling inter
ests are perhaps not averse 20 seeing the stock
sell at extremely high figures. which may be
used as a basis for obtaining very good terms
from the Steel Corporation-s policy which
successfully carried in the OF at
least OF the concerns originally merged
in the Billion Dollar Trust" The coal
. shares We're strong. especially the Reading
issues: and toward the close OF the trading the
whole market advanced the close showing net
gains in most OF the issues. ranging from Is per
cent in Missouri Pacific in which there had
earlier been heavy realization. TO ii per cent
in Pere Marquette. sales Of few hundred
shares. The statement of the Associated Banks
showed further shrinkage In surplus reserve
and increase in loans since the financing OF the
Pennsylvania Railroad stock increase and part
OF the Consolidated Tobacco operation figured
in IT, with perhaps also the Bethlehem Steel
Company purchase: but the showing had been
looked for. and. indeed. had been fully dis
counted by the market. and was felt to be less
unfavorable than had been feared. Loans and
deposits increased S13.344. 500 and S12.0l5. 800
respectively. while the surplus reserve showed
further decrease Of S4559.375. standing now at
$S.7S2.125 above legal requirements. A week
ago It S13. .341 800 and a year ago S1T, T,49S,-
$50. Call money was in small demand yesterday
on the Stock Exchange ruling between and
per cent. The steady expansion OF the export
business OF the United States is shown in the
just issued foreign trade report for May. Ex-
ports OF merchandise in April were heavier than
in any corresponding month on record, aggre-
eating in value nearly S121 ,OOO,OI and ex-
ceeding imports by more than S44 600 600 For
May the exports amounted in value TO $I24 300
600. more than S11 100000 in excess of the n g
ures for May OF last year. and establishing an
other record. while the trade balance in favor
of this country for the month reached nearly
S46,OO0OOO The imports of merchandise for
May increased S1.0S633i. as compared with the
same month OF last year For the eleven months
of the government fiscal year ending with Nav
there Is shown a decrease OF about S:}4 900 OoO
In imports OF merchandise. and an Increase of
exports OF about SlOOoOO00, the tota! excess
or exports over imports being S1:}3 25S f;J3
Practically the entire increase last month i'm the
exports represented agricultural products the
exports OF manufactures increasing by only
about S5G0o00
The usual weekly table of price changes for the
more active stocks follows: