New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-11
sex dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The British reverse in South Africa was re-
fected IN the New York stock market yester-
day. While lacking vigor. the market held fair
ly steady until the news was received or the
defeat and capture Of Methuen but thereafter
stocks were pressed for sale and prices declined
The relations between the London and New
York markets are now so close that any adverse
DEVELOPMENT on the other side is quickly felt
here. The arbitrage houses were large sellers
of the international issues. which implied that
they looked for still lower prices in London TO-
6av There were some changes in the condi-
lions Immediately affecting this market There
was less money offering on call. and higher
rates were asked At the same time sterliHe
exchange disclosed heayiness in such degree
as TO indicate a suspension OF gold exports
1t was reported that Russian loan amounting
TO SlOoOO0oc0 was to be brought out IN Farls
If true. this explains the recent shipments OF
gold from New-York to Paris, the reason loF
which has not been apparent although various
theories have been advanced.
Increased rates for money will serve TO keep
gold from leaving this country, but they also
will interfere more or less with operations IN
the stock market. If rates go high enough they
Will draw money to New-YOrk from other 90
rnestic points, but If the rates are lowered AGAIN
the money may promptly depart. the real re-
lief for the money market will most likely come
from the release of currency from the Treasury.
The speculative community restrained IN
SIS transactions to a considerable measure by
the uncertainty as to money. and that may con-
tinue TO be the case for a spell. 1t is Ques-
tion. however, If the outlook for the crop does
not soon overshadow other considerations IN the
stock market. II the prospect is for large crops
the influence will be beneficial; II II is Tor parla
crops the influence will be adverse. Inc mrs.
regular government report VIII not be issued IN
IN Anril 10 In the mean time there VIII De an
abundance of private reports. the value OF Wilich
will depend on the sources from winch tneS
emanate. I'D
There was again good buying OF Colorado ana
Southern which lifted all three classes OF the
stock up IN price. 1t is reported that Two IN
terests are seeking control of the property, ana
that neither has yet accumulated suIiL 1!
stock for its purpose The business in Mex
ican National issues was Of liberal proper
lions but the alteration in prices was sIna4l:
Whether the Mexican National is TO be annexed
TO the Southern Pacific system mas not yel
been announced rumOr 10 that erect mas
been in circulation for several weeks. southern
Pacific stock was comparatively firm, but Union
Pacific sank in price moderate offerings OF
stock Rock Island made a considerable gain
in the fore part OF the day, but lost most OF II
later. There was liquidation in st. Paul, ana II
receded in price. Amalgamated Copper ylelueu
when selling orders were placed in ii. United
States Steel, Colorado Fuel and Iron and Ten
nessee Coal and Iron fell off. American Grass
Irvine strong. Virginia-CaroIna CheIiiIcal
advanced on light purchases.
THE DAYS OPERATIONS IN BONDS,