New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-25
BONDS.
THE DAYS OPERATIONS IN STOCKS

Strength and activity marked the course OF
stock market trading yesterday. Striking ad-
vances were made throughout the list. final
prices showing important net gains In the great
er number Of active issues. In addition to the
heavy buying in stocks. there was an active de-
mand in the bond department, total transae-
tions in railway mortgage issues amounting 10
over $4,000 600 par value The demand Tor
bonds indicates that there is large amount Of
idle capital seeking investment There are many
opportunities for the profitable employment of
money in bonds while the same may be said
IF the low priced railway and industrial stocks.
Already careful buyers are turning their atten-
ton TO the cheap securities such as American
Car and Foundry preferred. American Grass
Irvine. Detroit Southern, Wabash common
Kansas and Southern common and American
Locomotive. In yesterdays market there was
a good demand for American Car and FOUNDRY
preferred stock, which advanced over one point
to Of. Buyine Of this issue is based on the
strong financial position OF the company ano on
the bright prospects for the next few years. as
set forth IN this column yesterday morning Car
ane Foundry preferred at 81 returns on the In
vestment nearly per cent
The local traction shares were again active
features Manhattan advancing over l point,
while Brooklyn Rapid Transit closed at net
gain Of nearly 3 points. The upward movement
in these securities not accompanied by any
development affecting the properties but the
Street heard various rumors regarding a posi-
HE consolidation and other farfetched schemes
For the last few weeks bull tips have been cir
culated on Brooklyn Rapid Transit. Irrespec-
1 tive of speculative operations in this stock,
there is ample reason for the advance In the
growing actual value of the security. Brooklyn
is q big town and Brooklyn Rapid Transit stock
will some day be dividend payer Elsewhere
in the railway list striking gains were made by
Atchison common, Canadian Pacific, Chicago,
Indianapolis and Louisville, st. Paul. Big
-Four" Colorado and Southern, Illinois Central.
Long Island, Michigan Central, New-York Cen
trial Union Pacific and the Wabash stocks.
Buying of Wabash stocks and bonds was helped
by the general belief that the Western Mary
land Railroad would be turned over TO the syn
dictate which is supposed TO represent the Wa
hash Railroad. Various railroads are making
active bids for the Western Maryland, but the
prospects favor the so-called Fuller interests.
II the Wabash cimpany fails to secure the road
mentioned, other plans VIII doubtless be made
by the Wabash directors TO secure an outlet to
the East At their present prices Wabash Sc
curities are considered among the cheapest on
the list.
In the Industrial list heavy buying was re-
ported In the United States Steel shares: also in
Arnalgamated Copper. Colorado Fuel and Iron
and Consolidated Gas Continental Tobacco
preferred was also active at a sharp advance.
while the per cent bonds Were heavily bought
by a good class Of traders. The market closed
strong with prices near the best OF the day.
The money market presented an easier tendency.
while sterling exchange was again firm Con-
ditions in the foreign exchange market appar-
entity foreshadow gold exports IN the course Of
the next few weeks. Shipments OF the metal
from this country, however, are not likely to
exert an adverse influence on the securities
market for the simple reason that every holder
, Of stocks and bonds knows that the United
States is able TO ship gold TO Europe without
materially diminishing its OWN enormous sup
ply
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS-Market firm. Final