New-York tribune., 1902-06-14
sEx dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Stock market trading was again light in vol
ume an irregular movement of values Final
prices however, showed net gains in the greater
number of issues, the Improvement amounting
in some cases from 1 10 per cent. In the
early dealings there was decided tendency IN
the price movement. Commission houses were
not in the market and as a rule, business was
made up OF the transactions Of professional op-
orators Buying of Mexican Central issues on a
fairly large scale by prominent house was one
of the few features of the day. activity in this
stock being due TO factors not affecting the
general market. The Gould shares were again
moderately active. Good buying was reported
in Missouri Pacific and Wabash, and in the
early dealings the latter stock sold within a
fraction of its best price record Attention
has frequently been called in this column TO
Wabash common, owing to its excellent pros
poets for becoming a popular speculative favor
ite. The Wabash Railroad has developed into a
most important railway system, and its present
earning power with its outlook for expanding
revenues suggests the holding of the company s
securities On an enormous volume Of business
the Wabash debenture bonds advanced from
76 to IS in yesterdays dealings
In the afternoon market trading became a
trif1e more active, and prices decidedly strong
Announcement of the breaking Of the soft coal
strike on the Norfolk and Western encouraged
she hope that the hard coal trouble would Sooll
be settled and stimulated buying in Reading
shares. Further promising reports from the crop
section OF the country regarding wheat and
corn, heavy railroad earnings and the Treasury
report of increased exports of manufactures
also helped to create bull sentiment and higher
prices In the railroad list the more impor-
Iant gains were made by Chicago and Eastern
Illinois, St Paul, Chicago and Northwestern,
Des Moines and Fort Dodge, Iowa Central,
Minneapolis and St. Louis, Missouri Pacinc,
Reading issues and St. Louis Southwestern pre-
ferred. all of which advanced above 1 point.
Chicago and Eastern Illinois and Northwest
both gained / points. In the industrial depart
ulent Sugar Refining was the only noteworthy
active feature
According tc the known movement OF none:
in the week the associated banks have gained
upward of 81, 100000 in cash holdings. The
Sub-Treasury has taken a round amount OF
money from the local institutions, but the move
ment CT currency with the interior has been
heavily in of this centre receipts exceeding
shipments by S1,1S6539 The feature of to-day S
bank statement will doubtless be in the changes
in the loan and deposit items. 1t is known that
several banks have increased their loans in the
week, and a good deal Of money has been put
out for the account of out of town banks. Time
tha tendency of borrowers 10 look out for future
needs at the present relatively cheap level OF
rates. II is thought that the demand for crop
movement purposes and for general business re-
QuirementS will create good inquiry for accom-
rnodatiOn far into the fall. Local Wall Street
houses have, in many cases, secured time funds
this week on the belief of an active bull market
later in the season.