New-York tribune., 1902-05-23
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Stock market trading was light in volume on
an irregular movement Of values. Price fuctu-
atoms small. with more net gains than
losses at the close. Commission house dealings
were not large. Important market interests
were not actively engaged in the market. and
rule transactions represented the operations
Of ordinary professional spectators. The an
thracite coal shares presented few noteworthy
price changes. while dealings in the various
ISSUES amounted to only small totals, trading
doubtless being restrained by the reports from
the coal fields that the engineers and men in
charge Of the pumps in the mines would be
called in June unless certain concessions
were made by the mine owners. II such
order is enforced by Mr.. Mitchell and his follow
the operators will be compelled employ
non-union men. and as a consequence physi-
cal disturbance will doubtless develop at the
mines.
People who are well informed regarding the
situation at the coal mines ridicule the miners
demand for an eight hour day. inasmuch the
miner who works more than six hours day is
said to be an exception. Indeed. at a recent
conference between the opera tors and the la abor
leaders the point made by the former that
an eight hour day would readily be conceded if
the miners would agree 10 work that length Of
time. Mr.. Mitchell, however, refused 10 com
nit himself the question The increase in
pay granted two years ago, and renewed last
year. left the miners better off than ever before
in their history, and their demand for still
higher pay this year naturally creates the inn
preston that the labor leaders are working for
bigger stakes than increased wages for the min
ers. The miners, IL is urged. have prospered in
the last two years reflection OF which is seen
in the fact that many of them are going 10 their
foreign homes on an extended vacation.
Money was relatively easy yesterday. foreign
y exchange did not foreshadow immediate gold ex-
ports and crop reports favorable These
factors no doubt strengthened confidence in the
stability Of securities values. but they failed TO
stimulate active demand for public account.
In the railroad list the heaviest dealings were in
Atchison. Canadian Pacific. St Paul. Union Pa
ciic. Illinois Central, Detroit Southern and
Wabash. St. Paul conspicuously strong.
enjoying maximum advance Of 2as points.
closing a. net gain Of IL points. In the last
hour Delaware. Lackawanna and Western rose
20 points on small dealings. While Della aware and
Hudson strong throughout the day. The
Reading shares, however. were weak the COM
mon closing at net loss Of l point. Illinois
Central. Rock Island. Atchison and some of the
low priced issues advanced from l to = points
The decline in Canadian Pacific due to re-
alizing sales. In the industrial group strength
was shown by Amalgama ted Copper. Sugar Re
fining. American Smelling and American Grass
and Twine. American Grass and Twine has
been slowly approaching in price for several
weeks buying by people we'll informed
gsrding the company. The demand for the
company's products is so heavy that large ad-
ditionaI manufacturing plant for furniture and
.mattings is 10 be established on Long Island
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-Market closed lower.