New-York tribune., 1902-04-10
BONDS,
THE DAYS OPERATIONS IN STOCKS.

Stocks were generally strong on a moderately
active volume of business. In a number Of
securities marked Improvement was recorded,
while in the greater number Of cases net gains
were shown at the close. The profit taking sales
in the afternoon caused declines in few issues,
chiefly in Rock Island and number Of other
high priced securities. Louisville and Nashville
again conspicuous feature of the days
trading. advancing large dealings points
and closing at a net gain of Us points. Buying
of this stock was not accompanied by any known
development affecting the property, and it
generally believed that the upward movement
reflected investment purchases and speculative
operations by interests who are well Informed
regarding the affairs OF the company. The
Louisville and Nashville is handling an enor-
nous volume Of tlaffic, while the prospects for
business over its lines in the rest Of the year
are pointed OUT in this column yesterday,
exceedingly promising The company's physical
condition shows the result of the large eNpendi
lures the property in the last few years
Southern Railway was extremely active in the
last two hours on heavy speculative operations.
Buying of the Wabash shares reached big
total, while the price for both the common and
preferred and the debenture bonds showed
noteworthy improvement. Interest i'll the
Wabash securities Is increasing, owing to the
companys sound financial position and Its pros
poets OF further Improvement in earnings
through railway connections with the East
The Western Maryland Railroad Will be under
the control of the Goulds and in connection
Wabash system VIII give the so-caed Gould
roads outlet on the Atlantic seaboard- Heavy
accumulation of the Wabash debenture B bonds
foreshadows, il is believed, the retirement Of
those Issues. In their place per cent mort
gage bond will doubtless be issued, and then, of
course, the preferred stock Will soon be placed
on a dividend basis. There are various good
reasons why the WABASH shares should be held
for higher prices. Westinghouse stock made
further sensational improvement, enjoying a
maximum advance of - points, closing at a net
gain of II points. General Electric was also re
narkably strong, and 1t was reported from Of
fetal sources that the additional issue of new
General Electric stock would practically amount
rent owners of The security. General Electric
stock will doubtless eventually sell in the Stand
ard Oil column.
Money market conditions were unchanged,
with call loans ruling at OBJ per cent, with eX-
ceptions ct per cent. Time money was a trlfle
easier Wfie sterling exchange was again hedVy.
No further engagements of gold for export We're
made as the rate of exchange did not permit
shipments at a profit. There is little libeli-
hood of exports by Saturdays steamers, and 1t
is not believed that the outward movement OF
the metal this spring Will reach important hg-
urss Foreign financial conditions are improv-
ing. There has been a slight demand for money
in the last few days from the interior, although
the actual movement OF money with the west
continues in favor of this city. Local bank
ers believe that money rates in New-York Will
remain around present figures for some time TO
come.
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS-Market firm. Final