New-York tribune., 1902-06-08
BONDS.
THE DAYS OPERATIONS IN STOCKS

The greater number Of Wall Street houses had
,,.,.,er brzing nor selling orders in yesterday s
,,.rker while the ordinary room element trans
acted an exceedingly small amount OF business
7, the two hours of trading total oeahhsS
amounted to only 30 S7S shares, the largest pdi
of which was supplied by less than ten ISSUES
Trading was lighter than on any SATURDAY sinee
August, 1900 Prices were generally hrr1' WIN
net gains IN most issues at the Close Uhe HI
,,roveroent however extending 10 fractions
only except in a few stocks. Des MONIES anu
Fort Dodge preferred, for instance, aoNdh0eu
q rojnts over its last preceding price on Trans
actions of 100 shares. Pressed Steel car pre-
ferred was up point on dealings Of 200 shares
and the Butterick Company stock. which was
admitted to the unlisted department on Friday
.syanced I1k on dealings of 300 shares West
;nebouse Electric on trade Of 100 shares rose
& -oints Elsewhere changes were fractional,
as in Canadian Pacific. Union Pacific, MISSOURI
Kansas and Texas preferred. the United states
Steel shares and Colorado Fuel and Iron Ihe
last mentioned subsequently reacted nearly a
point from the highest Small declines were
sustained by Southern Pacific, Brooklyn Rapid
Y Transit. Erie common and St. Paul, but these
were later partly recovered Norfolk and west
ern sold OF nearly point on the West Virginia
coal strike Arnalgamated Copper and Canadian
Pacific scored extreme dlNd1CeS SAltlluAl-S ~
.s,out one-half of / per cent. The bank state
r-,ent, which showed a small decrease in reserve
above legal requirements, was without effect
values Before the close the room was pTac-
tically deserted
The remarkably strong position of the coun-
tryfs industries is reflected in the trade reports
published yesterday. Both "BradstreetS ana
.-Dur's'' find unusual prosperity in all lines of
trade with the coal strike the only dark spot
in the situation. Conditions are SO sound that
labor troubles must reach enormous proportions
before they can upset the country's business.
They may serve check business activity in
certain lines for time, but they can hardly be
effective in damaging foundations According
TO rumors which considered well founded,
influences are at work which may effect a satls-
factory agreement between the miners and the
operators. II this proves be the case it will
not pay to be on the short side Of the market
Despite the coal strike and other labor dis
turbances, il is not a good time to be short of
stocks. Securities are in strong hands The
largest holders evidently do not intend to sell at
current figures while, Oh the other hand, they
apparently are willing to increase their lines
on available opportunities. Strong pools and
syndicates are quiet at the moment but their
plans call for higher prices in stocks, and their
operations likely TO produce better quota
tions just soon as the coal strike is out OF
the way Even II conditions did not warrant
bull movement. it would be silly to stay on the
short side Of the market, with powerful nnan-
cial interests in favor Of an advance
After the coal strike big pools and strong in
diyidual spectators will be ready return TO
ditions from one end of the country TO the
other and because they appreciate the fact that
the country's prosperity is not resting on a
speculative basis Local bears and traders who
never have been outside the atmosphere of Wall
Street might learn much to their advantage II
they would occupy these dull days by travelling
over the country by reading the reports of
business conditions by such able man as E
II. Hartman. The so-cailed Chicago crowd of
spectators have been called bold Adventures
for their enormous operations the bull side
Of the market but they have operated never
theless on their knowledge of the position Of the
country and as a consequence they have doubt
less doubled their fortunes. These be-
lieve that prosperity Will continue. and that the
long side of the market will be more profitable
than the short side The resources Of the larger
speculative interests enormous, and IL may
therefore be wise to trade in stocks con-
trary TO their movements. 1t is too early to
count on the crops, but early indications sug-
gest that nature will favor the bulls.
The usual weekly table Of price changes for the
active stocks follows: