New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-27
BONDS.
TEE DAYS OPERATIONS IN STOCKS.

The stock market pursued irregular course
yesterday. II strong in the fore part and
weak in the latter part of the day. For ma
tority of stocks the closing prices were below
those Of Tuesday. but there were some stocks
for which substantial gains were recorded.
Dealings We're a fairly liberal scale. but they
were in a large measure professional. The en-
gagements in the afternoon Of 81, 10000 in
gold for export were awaited Of TO an extent in
depressing stocks. but it was noteworthy that
they were without effect on the offerings or
supply of money. It is not believed that the
state Of money will be influenced by gold ship
rnents unless they reach large proportions,
which is not probable. Such a thing steady
outgo Of gold is considered almost impos-
sibIe What is expected and seems likely is that
moderate amounts may be exported from time
20 time. a very large departure of gold would
seem effectively TO be precluded by the position
OF sterling exchange both here and in Paris.
The supply Of commercial bills coming on the
exchange market at present is small, but at the
same time the demand from remitters for bank
ers' bills is moderate.
The matter of money is evidently something
about which the speculative community has no
cause TO worry. The prospect is that there will
be right along money enough. and more than
enough. for stock market requirements. what
ever proportions these may attain. For
long time 10 come the tendency of money will
be to flow TO this centre There will hardly
be anything to reverse the direction of the flow
or to take any great amount of money away
from New-York until the demand arises for
currency 10 move the new crops Reports as
TO the condition of winter wheat will now he
received at intervals Tht first report Of dam
age came yesterday from California Most
Of the succeeding reports Will tell of damage.
From the sections where there has been no
damage. no reports at all will come. The re-
ports as to winter wheat Will he followed by
others as TO the outlook for spring wheat. and
also corn and cotton. These reports while for
the most part untrustworthy, will nevertheless
have much do with the making Of prices
for stocks The probabilities to the crops
this year may. indeed. develop as the chief
factor in the stock market.
The heaviest trading on the Stock Exchange
was in Colorado and Southern common. which
rose sharply in price There likewise was fairly
good buying Of the second preferred and first
preferred stocks. No information was furnished
as to a change in the control of the road. There
were large transactions in Missouri Pacific
which sustained fall in price. The
pressure TO sell this stock was not accompanied
by any explanation. The operations in Union
Pacific and Southern Pacific resulted in frac-
tional declines. The accumulation Of Reading
second preferred continued. The fluctuations in
\ Amalgamated Copper were not wide, and the
final change in price was small.
Brooklyn Rapid Transit relapsed into com
parative quiet the statement that the COM
pany was not to be absorbed by the Metropolis
tan Securities Company. There was again ire
nlendous buying of Wabash debenture bonds.
The business in these bonds constituted more
than one-half the total business in bonds on
the Stock Exchange The price was carried up
TO -. and the gain for the day was IL per cent.
THE DAYS OPERATIONS IN BONDS