New-York tribune., 1902-04-03
BONDS.
THE DAYS OPERATIONS IN STOCKS

The stock market was strong in the greater
part of the day without however. noteworthy
Improvement in The volume of business COM.
mission houses We're inactive There was prac-
tically no outside demand for securities. the
chief part of the days business coming from
the so-called professional element. and IN few
cases from interests that connected with
various railway and industrial properties The
more important advances were made by the
..specialries" and by a few of the high grade
investment issues The Hooking Valley shares
enjoyed conspicuous advances. the common
gaining nearly points. while the preferred
closed 214 points above Tuesdays last quota
ton Dealings in these shares were not heaVy'
but the scarcity of the stock. both common anu
preferred. caused a marked upward movement
on the slightest demand In the industrial
issues there a large volume OF tFansac-
tions In the United States Leather shares at
advancing prfces The movement in these stocks
was based on reports that arrangements had
been made to retire the preferred stock and to
make settlement of the accumulated dlVl-
dends
The United States Steel securities were not af-
fected by the favorable report of the company
operations in the last year. while the general
list of investment shares in both the industrial
and railway departments was not mater1aHS
influenced by developments affecting actua'
n.
decline Elsewhere in the industrial list move
ments were not important. except in American
Car and Foundry shares. which declined under
selling pressure induced by the company sllsh,
falling off in earnings in the quarter ended
February IS The company business mas no.
been reduced. but its inability to secure ma
terials in February naturally caused declh'
in it's output of cars. Continued lhpTofe!heH
in the position of industrial companies OF TINS
country is reported from all parts of the United
States. Business is being conducted on a souh"
na
in ali lines in the rest of the year are consid-
cred excellent. The same may be said OF the
operating in the South and West. Railway
earnings promise TO increase throughout the
year
The money market was quiet, with no impoT
tant change in rates or general conditions y
tri1e easier tendency reported, but in only
few cases call loans were made under J per
cent Rumors We're current of gold export"
this week despite the fact that the exchange
market presented no encoura cement for ship
ments at existing rates. small advance IL
make gold exports profitable. So far this week
the banks have lost a considerable amount oi
money Sub-Treasury operations. ana IL IS hot
likely that this weeks bank statement VIII
show any particular improvement IN eaSh re-
serves Treasury disbursements for April Wi
amount TO upward of 81, ,tHu,Opo. but this amount
will not be fully reflected in this weeks state
ment of bank averages. There Is no eXpecta-
tion in banking circles Of An important advance
in money rates while il is generally believed
the demands of all legitimate borrowers. includ-
ing Stock Exchange requirements. Ihe present
dulness of the stock market serves, Of course,
to strengthen the money market position.
THE DAYS OPERATIONS IN BONDS