New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-28
sex dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS

The stock market moved erratically yesterday.
Final prices disclosed about equal division
between gains and losses. The amount of bust
ness was reduced from the day before, but IL
was fairly we'll distributed The gold exports
10 Paris by yesterdays steamer. which were
increased to S3.500.000. seemed to exert no par
ticular effect the market. Moreover, they
were without perceptbie influence on the money
market the foreign exchange market Money
was in abundant supply both on call and on
time. while sterling exchange nfeless and
without change IN rates. except for a decline
Of one-eighth Of cent in cable transfers. There
IS not much room for doubt that there will be
enough money right along, no matter how
much gold leaves these shores, for all specula-
tive needs. While some considerable amounts
Of money have been and may hereafter be sent
10 nearby points at times the interior move
ment Of currency is and most likely will con-
tinue TO be. generally speaking, in favor Of
New-york. until the demand for money to move
The crops begins. There ought TO be no extra
demand for money previous to the require
nents for July interest payments
Reports as to the condition of winter wheat
were plentiful yesterday. They of
favorable character-otherwise they probably
would not have been transmitted. These re-
ports are sent out principally for speculative
purposes. When they are not literally
featured they are in the main inaccurate
misleading. It is too early to determine the
outlook for winter wheat. 1t is known that
there is an extensive acreage. but q TO what
viii result from it cannot be told until the sea-
son is further advanced. Upon the prospects
for the crops of 1902 will depend quite largely
the future prices for securities. and the i'm
portapce OF reliable information is accordingly
apparent. Bounteous crops will be calculated to
maintain and presumably to lift prices of
stocks. whereas poor crops would naturally
have a tendency to depress prices. The indus
trial situation is satisfactory and there is moth
ing to indicate that it will be otherwise for
long time to come. The concerns which manu-
facture steel rails for instance. have orders for
many months ahead. They have difficulty in
obtaining transportation for the material used
in making rails. and then for the rails them
selves. which proves that the railroads
rushed with miscellaneous traffic.
The largest dealings on the Stock Exchange
were in Missouri Pacific. This stock was pressed
for sale in an unaccountable manner 1t is re-
ported that the statement of the company for
the fiscal year ended December 81 which will
be ISSUED in March will show earnings Of about
10 per. cent on the stock The buying Of Colo
rado and Southern common stock kept up, and
il was thought TO be in pursuance of a con-
Southern Pacific fell off. but the prices of
these stocks held steady. demand for
Norfolk and Western, with an
panying rise in price, was ascribed TO the
operations Of a pool liberal inquiry for
Brooklyn Rapid Transit caused the price TO
move I'D materially. 1t understood that
the stock was being accumulated for use at the
forthcoming meeting Of stockholders. at which
the proposed bond issue Of S150000,000 is to be
voted The business in Amalgamated Cop
per was of good proportions but the closing
price was the Wednesday. The
United States Steel stocks were quiet. but firm
Some shorts in Sugar Refining were covered
Wabash debenture B bonds were again heavily
dealt in.