New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-24
BONDS.
THE DAYS OPERATIONS IN STOCKS


Trading in stocks was moderately active al
though total dealings were well uhoer INC
records Of the two preceding days Openllls
quotations displayed great iTregularltg' 0espi'1
.ta s+rerq+b in London. while throughout the
day the movement of values reflected no oecIoeu
tendency in prices. Final figures showed more
net losses than gains Buying by COMMISSION
houses was much lighter than on the hrst wv"
Sow. os fbe week the falling off in business
e,naren+lv beine due TO the losses sustained III
-be decline on Monday and Tuesday and TO the
fear inspired by the highly colored crop Reports
from Western points. Wall Street generally &C
cepts the adverse crop reports, while II refuses
II read and digest the advices that come rom
trustworthy sources Winter wheat Is MOI lHe
greatest crop OF the agricultural olstrcls Oh 'Ie
country. and a small crop will not be OF par
ticular import as long as an average spIIIe
wheat crop is harvested From what can De
learned from the best informed Western rail-
road sources the present condition OF winter
wheat indicates an average yield at least.
Mary of the low priced stocks were aclNelS
hought in yesterdays market by good class
= +a7ars In the railroad list Detroit South
arn was 9 feature while among the low priced
,d,,strials American Grass Irvine again re-
oe,ved conspicuous attention from investors.
F,,<tne of the cheap stocks is based on better
apnreciation of the actual merits OF the secuii-
ties In the case of Detroit Southern opera
tions may represent buying for control put the
advance is justified by the better nhanclai "Nu
nbvsical condition of the property A aes4Ie
to secure dividend paying issues at cheap prices
induces purchases Of stocks, such as American
crase Irvine American Car and Foundry pre-
ferred and International Paper preferred IN
dustrial shares that represent sound money
cf7paD at
there is no good reason why they should not sell
materially higher For many months, now
eyer The railroad stocks have occupied specu-
lative attention. while the industrial list as a
whole has been kept down. owing TO the develop
ments affecting few companies OF poor nndi1-
cial standing. Some day the valuable ne" N
dustrial issues will come into their own Inc
HIGH nriced Standard Oil. General Electric, Pull
NAV and Singer Sewing Machine issues are
specimens of seasoned industrial stocks, Event
,,ally this list should be largely Increased
Considerable strength developed IN the Hlial
dealings led by Tennessee Coal and Iron and
sugar Refining. The Reading shares Were again
active. strong features; also Detroit Southern
Colorado Fuel and Iron, Virginia Carolina
Chemical. American Grass Irvine. Wisconsin
Central issues. Republic Iron and Steel. Analga-
mated Copper and International Power Anal
Samated Copper advanced on renewed rumors
of a settlement Of the Montana mining litigation
On small dealings Brooklyn Union Gas enjoyed
a sensational advance, accompanied by con-
soudation reports. The chief selling pressure OF
fhe day was directed against Union Pacific
Missouri Pacific and Atchison. There was how
ever. an absence Of the general liquidation noted
on the preceding days, while at the close there
were indications Of the buying back OF stocks
1t was said that the Western contingent had
1Vbe
and a sharp advance in this cereal helped to
confirm the report. Money market conditions
presented an easier tendency in call loans, while
sterling exchange advanced. The demand for
remittance to cover maturing obligations abroad
is heavy. and the supply Of bills is light At
Paris exchange on London is high, and local
sterling rates viii have to move up at least
1-le more TO make gold exports from here prof
liable.