New-York tribune., 1902-06-12
BONDS.
THE DAYS OPERATIONS IN STOCKS

The government crop report was generally "a
vorably interpreted in Wall Street, and as a
consequence fair buying Of the Western rail-
road shares was recorded Spring wheat condl-
tions are better than the average for this time
in the last ten years and while official report
Of corn will be made until next month, prellm-
mary conditions in the corn belt reported by
competent observers have been all that could
be desired. Winter wheat Will show a heavy
falling off from last years harvest hut with a
fair yield of spring wheat and corn the loss in
winter wheat will hardly be noticed. Trading
was again dull. although more active than on
the preceding days of the week. In a few shares
a moderate degree of activity prevailed and evil
dence of buying by some Of the larger operators
was again presented In the railroad list st
Paul. Delaware and Hudson. Great Northern
preferred Missouri Pacific and St. Joseph and
Grand Island issues were leading strong feat
ures. Among industrial shares moderate ac-
tivity reported in American Car and
Foundry, Sugar Refining, Distilling Of America
and United States Steel. Prices were generally
strong throughout the day. with net gains in
all save few issues at the close. Atchison,
Canadian Pacific Colorado Fuel and Iron and
Southern Railway Were heavy.
According to the best opinion in Wall Street
the stock market Will enjoy activity and ad
vancing values following settlement of the
anthracite coal strike. No one knows when or
how the strike Will end but an impression pre-
walls In the financial community that powers
higher up than the coal road presidents are be
coming enough concerned TO exert their infu-
ence il behalf OF speedy end Of current un-
fortunate conditions If the coal strike begins
TO affect the country's general industries such
action may develop or If it is thought by pron
nen. financial interests, as for instance the
Morgan and Vanderbilt element. that present
conditions in the labor field Will end disas-
trously for industrial activity, something will
doubtless be done at to end the labor dis
turbance There IS however, indication at
present that business outside the coal region is
being seriously affected. and so long as soft
coal can be secured there is little chance Of
trouble in the business world The soft coal
strike in West Virginia and Virginia appears
unsuccessful, and il is not at all likely that the
miners in other soft coal regions Will go out. as
they are working under an agreement that has
N q year to run.
III In the last two days there has been buying of
stocks great scale by prominent market
interests. The Western speculative crowd shows
some evidence of renewed life, and the return
Of Mr.. Gates TO New-York suggests the posi-
bility of so-called bull manipulation again Mr.,
Gates and his friends may be market manipula-
tors but il is evident that their operations are
based on solid grounds. AS a matter of fact, Mr..
Gates is a much better speculatcr than he was
last year, and his operations in buying rail-
roads and selling them at higher figures are
totally different from the transactions that
marked the course of American Steel and Wire
nearly two years ago II is likely that more
railroads will be bought and sold in the course
Of the year. and il is possible that Chicago
Great Western may be one of the companies 20
change hands. If the present owners Of this
road decide tc sell however. it Will only be at
much better prices than those now ruling for its
securities.