New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-08
BONDS.
THE DAYS OPERATIONS IN STOCKS

Gold exports and advancing money rates We're
responsible for an irregular movement OF values
in Yesterdays securities market Ihere was ITO
rush 20 sell stocks and no investment hquloa-
ton but profit taking sales by the so-calieo
Western element and bear operations hy locai
traders were heavy enough to cause many sharp
declines in values with net losses in TIE greater
number Of issues at the close. The STANDARD
railway, shares suffered more than the recent
active specialties or industrial shares. st fau
for instance losing over points. Rock Island
IL points and the same for LoulsVlhe anu
Nashville Chicago and Northwestern. on
small dealings. made a maximum loss of nearly
4 points. Among the cheap priced railway is
sues Wabash common. Duluth South Shore and
Atlantic Chicago and Alton common and WIS
consin Central shares showed marked strength
despite the operations for lower prices ana the
downward movement in the late dealings IN
dustria1 stocks were generally firm WIN con-
spicuous strength in Amalgamated copper
and American Grass Irvine. The stock mrs.
named gained ! point. TO 54A. and the char
acter of buying in the issue suggested further
price Improvement. This stock is one OF the
new industrials that appeal to people who ap-
rreciate good industrial investments The mar
ket was weak at the end
Gold exports are the result Of the scarcity of
can obligations due abroad They are not, how
eyer rnfayorable developments. and it is not
likely that we'll informed security holders will
care To mart with their American investments
because Of legitimate International exchange
conditions Bank reserves in New-fork are
large at present but any large outward
f-err1eut of the yellow metal will cause hlsher
money rates and shipments Of funds to this
c'tv from out Of town financial centres The
est is well supplied with money. There Is
ore money in general circulation than in any
-eceding year. while gold production continues
tive in all the great American mining camps.
3iprents Of gold from New-York to Europe
. insignificant when compared with the enor-
.aus OUTPUT Of the metal from domestic mines.
1901 total gold production in the United
-ates amounted to Ss021S. 500. while net gold
sxports were only Sc, 100, 1875. OF the total gold
mined last year Colorado supplied S29.ooo,on'
Of which S24.01So00 came from Cripple Creek
Regarding Colorado, it is interesting to note
that while its mines continue to give the state
great wealth other industries are rapidly
springing I'D. especially in the eastern section
and in the immediate vicinity of Denver
Shares Of the Denver and Rio Grande Rail
road are highly thought of in Colorado, well
as in the East and since the Goulds secured
control of the road there has been active West
physical condition is excellent Despite the
heavy grades and unavoidable curves the road
is able TO handle with great dispatch the enor-
NOUS volume of traffic moving over its
lines The understanding in Denver that new
line will be constructed from Denver to Salt
Lake City to compete with the Denver and
Rio Grande does not worry the officers of the
last named company, it is fully realized that
the growth Of that part of the country war
rants the construction of roads in various
sections Of Colorado. Utah and other Western
States. The proposed route of the Denver and
Salt Lake road will open territory that will
also help the Denver and Rio Grande system
The Denver and Rio Grande will connect with
the new road from Salt Lake to Los An
seies. Cal. and in connection with other Gould
roads will form an important section Of trans
continental railway. The Wabash shares were
strong yesterday on buying induced by the be-
lief that the control of the Western Maryland
will go 10 the Goulds and result in great benefit
TO the Wabash system