New-York tribune., 1902-07-16
BONDS.
THE DAYS OPERATIONS IN STOCKS.

A large days business done on the Stock
Exchange yesterday. more than 10000 shares
. being dealt in The market opened with indl-
cations Of general further advance. the
granger shares being especially active; but
heavy profit taking soon made its influence felt,
and the governments weekly crop report, indl-
eating some further injury to the growing crops
from excessive rains. contributed to check the
advance-although private advices did not rein
force IT, Another item of the same sort was
the fact of the violent decline the Chicago
Board of Trade in the price Of July wheat, the
early reports being that this movement signified
1.-THE collapse of the great corner and the
discontinue of its managers. The market be
came irregular and the initial gains were In
inost cases lost; but the close showed net ad-
vances in a majority of the issues traded in.
Late in the day came advices from Chicago that
lthe July corn deal over, and that the
syndicate engineering il had had the prudence
TO allow the shorts to settle something like
Ireasonable terms-a piece of news which cannot
fail to have a reassuring and strengthening eff
feet on the stock market which has, not with
out reason remembering history been appre-
lhensive Of a disastrous crash as the outcome Of
the corner. Chicago and Northwestern gained
, 2% points yesterday, limited dealings; but
the other granger shares closed only fractionally
higher than Monday Missouri Pacific, on
heavy transactions. advanced TO HAS, but
closed with a net loss OF Is per cent, at 113.
Union Pacific also closed fractionaly lower 1t
was said in the board room that material part
OF the selling in the railway list for ac-
count of Mr. Gates and his associates, with the
purpose of releasing funds for in their
operations in corn. London bought in this mar
'ket much more than she sold, and American
railway shares were strong and in active de-
a+ hat (shiCa and Alton
issues awoke from their long lethargy, and ad-
vanced substantially although apparently on
no developments Of significance. General Elec-
trc sold lex" the &C 2-3 per cent stock dividend
and made net advance of 3 points. The state
rnent Of President Schwab in the Curtss-S Smith
Hodge case against the United States Steel
Corporation, al Newark, favorably received
by the Street, but had no pronouncedly strength
enng effect upon the Steel shares the common
gaining only s. per cent and the preferred 4.
The statement of the Treasury Department
Bureau of Statistics for June and for the twelve
months ended June 30 shows for both periods
"a falling off in the excess of exports i'm
ports, as compared with the figures for the cor
responding periods year ago which rec
,ord year. The exports of merchandise for May
decreased So. 302, ,;S23 compared With those
for May, 1901, while the exports for June We're
,only s13,519,274 less than those for the cor
responding month of 1901, although about S13-
200 600 under those for May Of this year. The
anports OF merchandise, on the other hand, ex-
ceeded by more than S4,000000 those in June
1901 Less than 100000 gold was exported
during the month. while the importation
amounted to 81, ,414.316. probably from the KIon-
dixie. The full table shows excess of exports
rover imports for June of S1,447,213. a decrease
,of 81, ,1S7, ,335, nearly 30 per cent, as COM
pared with the figures for June. 1901.
For the twelve months ended June 80 1902
the exports of merchandise were 81, ,:}S2 0:3. .407
,or S105. 30. .5S4 less than for the preceding
iyear, but only S12,0O0.00O less than for the
fiscal year ended June 80. 1899. and about S150.-
100000 more than in either Of the two previous
years. But in the year ended June 30 1901
there were tremendous harvests here and crop
shortages abroad. a condition which explains
the heavy export movement of that year; while
the year just ended witnessed a partial failure
Of the domestic corn crop a fact which finds
its reflection in material decrease in the ag-
yregate value of the merchandise exports for
the year. With the present prospects of abun-
oant harvests brought 10 fruitiOn, the figures
OF year ago will be approximately duplicated
by the figures of year hence. The imports OF
merchandise for the last year were 5000 91 :}0S
or S79. 739. 143 greater than for the preceding
year a showing which reflects the expanding
purchasing power Of the United States and may
be taken TO be an indication of the general pros
perity.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDs.-Market steady. Final
f,uota ttone follow: