New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-06-07
Sex dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS,

<,oca- market trading was dull ana uhihIeie0>
Eng throughout the day, with to0aI ue1iii-e
amounting to only 230.o65 shares flioe3
-.,,-.s ;-rAs,,lar changes with more net gains
than losses Canadian Paclnc anu -
common were the chief active features IN ute
N.,.a ,,r+ the only other stocks in when
-,.- ,,,e-e above 10000 shares being 81
D., N.anba+tan and Union Pacific buElhs
% heading was due In part TO rumors OF q cOH4
..-s,,o se+tlernent. and Notwithstanding oellidlS
4,oro well Informed sources. tire ~hole o'
c,,a LIST showed an undertone OF slie1e
throughout the day. In the incuslrlal
mont there was a moderate degree Oh 0O'i'-
9, the steel shares, Amalgamated copper "lII
Sugar Refining. On quiet buying .! N =
csoee 10 the company, American 1Iaeo
advanced over l point This is one oI 'ne
+-.ctixe industrial shares that Is seHlis
-,o,nfs under its actual worth oulsiue u -
coal strike the days news developments
all in favor of higher prices ''f'
especially encouraging ,,-
railroad earnings for the last week III NC
xor the month show as rule heavy gains
- .,a same periods last year, when tra1lc re-
-. ,,reeent4d record breaking results Inc
.sn for the fourth week amounted 10 over ~ ~
o,+ while for the month there was an iilei ease
% nearly IL per cent. Net earnings OF nI'y I'll
Il roads reporting for the ten months eHueu
m showed a gain Of u per cent anu Ii -,
racord of gross earnings made IN May
,be prospects for heavy traffic throushou' '--e
-. -,,or+b there IS reason to look for an
Increase in this percentage Tor the my -
90 Traffic receipts on the anthraclIe 0o0i
- I'll, doubtless show a material falling Oh
=, 80 owing 10 the coal strike, but elsewhere
a, r. -o;1,,av world earnings ought 10 return
t.n5sone increases. as the volume OF genera
z,s,cbandise moving over the various systems
&c enormous 1t is confidently heheVed 'Ha' INC
= - coal strike will end before general
.a.,;sl activity is affected by "a scarcity u
-roag Wall Street is somewhat blue anu Oe"ii9
o,-er the failure of the miners and operators -
- b,,+ careful buvers are taking stocks on
an recessions to hold for higher prices II gen
e,srv bappens that when Wall Street is eAees
- ,,oa-ieb stocks are accumulated by people
-. r,aa-e and strong bull convictions exist In
~ ,resenr case operators who buy securities
s,,rac;ate the strength OF underlying conoluoh9'
.,d realize that the coal strike VIII not pe
.efec+ive in ursetting American industrial proe-
neritv II may have a passing llliueilOe %
snaustrial activity. but it will not decrease 'ne
actnal value of investments Inc pessiiii719
,,-a5ic+eo an end TO industrial expansion WITCH
,ba t,;., street strike developed year ago AS
matter Of fact the countrys INDUSTRIES le
r+sel and iron enjoyed the most prosperous
- =, raoord If the crops turn out well TINS
.,o.r and every indication now points toward
h,s harvest. it Will not be wise to have snort
accounts outstanding.
According TO the known movement OF liioieH
++,s week the local banks have gained a silall
enoount in cash holdings, and unless there nave
heen big changes in the loan and deposit items
g., the last six days surplus reserve Is not apt
n show a material increase or decrease In
70 49, t..,7o,-> The course Of the money market
t,-5icatee no contraction in bank resources
SterIing exchange continues heavy Win 'io VI
GENT demand for remittance