New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-06-17
rEx dividend.
BONDS.
THE DAY's OPERATIONS IN STOCKS

Stock market trading showed slight increase
IN the volume Of business as compared with the
daily average Of last week hut there were only
a few issues in which activity was at all pro
17ounced Prices were generally firm. with net
gains in most shares at the close A fair buy
ing movement developed in AtChison. st. Paul.
Reading Canadian Pacific. Missouri Pacific and
Union Pacific Des Moines and Fort Dodge was
the feature among the medium priced shares.
dealings in the issue being accompanied by A
sharp advance. OF the coal shares Reading was
active and strong. A sharp advance was MADE
by Great Northern preferred and a better in
curry developed for Atchison. Chicago and
Northwestern issues advanced 3 per cent. Den
yer and Rio Grande preferred attracted fair
amount of attention at improving prices sharp
advances were enjoyed by the Minneapolis ana
St Louis and Iowa Central issues In the in
dustrial list American Car and Foundry and the
United States Steel issues were features The
steel shares closed at a fractional loss on sell
ing induced by the decision making the fnjunc-
ZION against the preferred stock conversion plan
permanent It is held by the court that retire
ment of preferred stock constitutes a prefer
ential reduction Of the corporations capital
a1nonR those asserting TO the plan and a CORE
enonding impairment Of the right Of those not
consenting.
The statement Of foreign commerce in May
shows a heavy falling off in exports as com
pared with the same month year ago. hut the
greater part Of the loss is due to the reduction
in shipments Of hreadstuffs and cotton EN-
ports of manufactures are heavy The fo;ai
,-sl,,e of exports of rnerchan disA for The month
amounted to s102 265 SIS against SPA 81 In
Nav last year and S113.427.s49 in the corre-
enondinp time in 1900 OF the decrease from
1901 grain. cotton, provisions. mineral oil and
cattle supplied 500 21s0I2 making for the
eleven months to May 81 decrease in the arti-
cles named in value Of S15.Si1.22'- Including
all items the decrease in exports from July
has been in value S92 J61. 75;}, made UP almost
entirely of the loss in domestic products. De
spite the decline in exports in May there was an
excess of exports over imports in value Of SO
SAG Az This compares with S4l92520S in the
same time in 1901 and Si1I14324 in 1900 I'm
ports last month tri1e under those Of
MAY a year ago. but with that exception heavier
than in any preceding May since 1891 In the
last eleven months imports have increased in
value SO. GO
rhe heavy gain in imports shown by the
government figures reflects the increased buy
ing power of this country. and ii supplies an
other proof of the prosperity prevailing here
The actual value Of imports however. is much
. larger than shown by the official figures, owing
10 undervalua ton in bills of lading. Although
the apparent uade pdldHce III tils 'ouiiHS
favor since last July amounts to H46-ftoN4"
the United States is now in debt to Europe
This fact however is not an unfayorable symp-
tom as the debt has been created through
financial and commercial distress at home. In
deed it represents our growing industrial and
financial activity The International monetary
situation is in a healthful condition. with a
growing supply Of funds available for use IN
the channels of trade. in New-1ork. barring
perhaps occasional flurries, the outlook is emil
nently satisfactory. The last weekly statement
Of the Bank Of England showed increasing
strength in that lnsttution's affairs Great i'm
provement has taken place in Germany, While
in France unusual afluence prevails.