New-York tribune., 1902-05-07
BONDS.
THE DAYS OPERATIONS IN STOCKS.

THE DAYS OPERATIONS IN STOCKS.
The stock market was strong throughout the
day with many conspicuous net gains at the
close Trading was not especially active. but the
character Of business was good. Sentiment was
bullish on the theory that the collapse of certain
companies would have no effect on the general
situation also the belief that there will be no
coal strike. The idea that labor disturbance
VIII not develop in the anthracite coal region is
based on information that comes from excellent
sources. but there is. however official
rant for the prediction that a strike will not be
declared. Reading shares were leading strong
features the common advancing to 673s, a gain
OF about points from the low level made in
Mondays market. All the coal shares were
strong on a good class of speculative buying
while throughout the railway list substantial
gains were made. Chicago Great Western on
enormous transactions, advanced over points
buying OF the shares in the last hour beingsoar-
ticularly heavy, with blocks If 1000 shares
changing hands at the advanced level. The
tivity in this issue was accompanied by reports
that control Of the road was being sought by
the Goulds. This is extremely improba bic.
Gains Of from ! TO points were common in the
railroad list advances being made on a COM
paratively light demand. Louisville and Nash
vile made a new high record price for the year,
gained over 3 points on buying induced by the
report that the ''AIonon" property will be
cured by the Louisville The industrial shares
. were all strong, with many sharp advances.
n Money on call rose TO u per cent early in the
/day. but subsequently showed an easier ten
dency The market closed active at about the
best prices.
Buying Of stocks in yesterdays market
for the account of substantial operators. The
brokers reported that their best class of custom
ers took stocks on Mondays break. as well
IN yesterdays dealings. Current holders Of Sc
curities financially strong With stocks in
strong hands. long period of declining values
is not probable until there is some tangible evil
dence of radical change in the position OF the
country's industries. Doubtless the market will
be feverish for some time, as there are certain
temporary factors in the situation that
likely TO cause irregularity and bear pressure.
Although the Street still clings to the hope
that there will be coal strike. it is admitted
that If strike develop there will be some fur
ther liquidation in stocks. The strike may
come, but the usual settlement will follow.
Meanwhile the coal stocks ought to be good pur-
chases on all reactions.
Activity IN the Wabash shares was due to the
fact that the company is assured Of
Atlantic Coast outlet through the purchase of
the Western Maryland by the so-called Fuller
syndicate The company's earnings will be
largely benefited by the increase in freight
traffic which Will follow the acquisition Of tide
water terminal. especially as the property will
control a direct line from the Great Lakes TO
the ocean. In addition the Wabash will
form an important link in a transcontinentaI
line, including the Missouri Pacific, Denver and
Rio Grande and the Los Angeles and Salt
Lake City line 10 the Pacific Coast. The Gould
properties are coming 10 the front and IL Will
doubtless pay the careful buyer 10 have some
Wabash Missouri Pacific, Texas and Pacific
and Denver and Rio Grande on hand. The
physical condition of the Gould properties is
excellent Missouri Pacifc's earnings for the
last week in April increased $4,000, making
for the month a gain Of S27S. 900. Texas and
Pacific showed an increase in the last week of
From July ] Wabash earnings have increased
over s., 100000. Wabash debenture B bonds
were again in good demand in yesterdays
market.
The curb securities that figured in the so-called
webb-Meyer syndicate We're in poor demand at
low prices. The last sale of Dominion Securities
was made at 20 and Hackensack Meadows at
Is On the Stock Exchange Rutland Railroad
preferred closed at 80, net loss of 3 points
International Power, in which there were no
dealings, closed at 80 bid. 100 asked.