New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-04
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Dealinps in Yesterdays stock market amount
ed to over six hundred thousand shares. Com
pared with recent totals. this was large VOL
ume Of business and ii indicated. according TO
good market opinion, resumption Of interest
in the market for the account Of substantial
speculative interests. Prices were strong
throughout the day. Important advances were
made by the standard railway shares, While the
so-called specialties We're less in evidence as
market features There were no developments
affecting the actual value Of securities, and the
buying Of the high priced issues apparently was
in great part for investment account Inc west
ern railway shares were conspicuously strong
features Chicago and Northwestern common
advanced over q points, while the preferred
closed at net gain Of over IL points. St Paul
on heavy transactions rose to 1924, closing
points above Wednesdays last quotation Rock
Island, on small deals. was also marked higher.
The upward movement in Northwestern stock
was helped by the report that the dividend on
the preferred would soon be established on 10
per cent basis Northwestern preferred is en-
titled to 10 per cent, but before 10 per cent can
be declared the common stock must be ad-
vanceG to Z per cent rate.
Good buying was reported in the Vanderbilt
shares New-Yori Central advanced IL per
cent while Big Four" Canada Southern and
the Nickel Plate shares all reached a higher
level on comparatively light dealings. Else
where in the railway list substantial improve
ment was made by the Hooking Valley securi-
ties. Louisville and Nahville, st. Louis and San
Francisco and Chicago, Indianapolis and Louis
willie The upward movement in the Hooking
Valley shares was accompanied by reports that
plans were being made for the retirement OF the
r,referred stock The so-called specialties in the
railway list were neglected. Speculative inter
est was confined in great part to the higher
priced shares and it reported that buying
at the close of business represented purchases
by important Wall Street interests In the in
dustrial department prices were generally lower
United States Leather preferred, United States
Rubber preferred. Amalgamated Copper and
American Locomotive closed we'll under the pre-
ceding DAYS final quotations. Good buying was
reported in American Car and Foundry securi-
tics Comparative weakness in the industrial
and miscellaneous stocks was due to the fact
that professional speculative interest trans
ferred TO the higher priced railway issues.
In spite of the fact that prices were strong
and higher the market was dull and narrow IN
the greater part Of the day.
Money market conditions unchanged,
with cali rates al 3l2 to 4 per cent The foreign
exchange market vas firm, but reports of
gold exports were heard. Sterling exchange
rates will have to advance before the precious
metal can be shipped at a profit The local
movement CT money is against the banks on
Sub-Treasury operations, but in their favor with
transactions with the interior. The payments by
the government on April interest account will
not figure TO any large extent in this week S
bank statement and il is not likely that the
receipts of currency from out Of town will offset
the loss by the banks to the Sub-Treasury.