New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-06-06
BONDS.
THE DAYS OPERATIONS IN STOCKS

Stock market dealings were without lIlpoI-
tant features. trading again reaching only a
small total. with price changes generally show
ing net declines Commission houses were with
out heavy orders on either side of the market
The pools and syndicates took little part in the
days speculation, while the only evidence OF in
vestment buying was in the bond market Bonds
have been more active than stocks in the last
few days and there has been a fair demand for
the attractive mortgage issues, such as Union
Pacific convertible Is. Consolidated Tobacco Is
Central of Georgia LIST incomes and Burlington
Is. In the railway list Canadian Pacific monop-
olized a good part of speculative attention. the
only other active features being Reading, Union
Pacific, ST. Paul, Brooklyn Rapid Transit. Man
haitian Atchison and Southern Pacific. In the
afternoon traders made a drive against the
market and succeeded in lowering values 10 a
greater extent than recorded in many days
Canadian Pacific lost over three points. Read
ing. St Paul. Manhattan Railway, Brooklyn
Rapid Transit, Colorado Fuel and Iron. Anal
gau1ated Copper Atchison and Southern Rail-
way sustained extreme declines Of 1 to H. per
cent Smaller losses were sustained in num-
Der of other issues. In the industrial list Fuller
Company stock was active a q loss of 20
points Amalgamated Copper was also weak.
The recent government cotton report and the
present condition Of the growing crops fore
Swallowed. # is hoped, bumper yield Of cotton,
corn and spring wheat The winter wheat har-
vest will be light but this will be immaterial
influence if corn and spring wheat reach ma
turity without important damage. 1t is, OF
course too early to predict what the harvest
will be- but it is comforting TO know that early
crop conditions in the agricultural section of
the country are almost perfect. Much depends
. on a good start. Grain that is nourished by
ideal climatic conditions early in the season will
stand fair chance of living through adverse
conditions that may develop later in the year
a large Yield even allowing for future damage
70 the plant and If all goes well from now until
the crop is ready for picking, the yield will be
equal to some of the largest record.
While the countrys exports of general mer-
chandise are heavy, grain shipments eX-
ceedingly light, and unless the crops are large
this year, with big surplus Of cotton, corn and
wheat for export. heavy gold shipments may be
made 10 pay for the extensive financial obliga-
tons due Europe from this country. Although
this country's gold supply is increasing every
year, il will be far better TO pay our debts in
produce and manufactures than in actual coin
This country IS rich, but its industries are
spreading at a rapid rate. Money is needed TO
continue industrial expansion. and 1t is there
.ore necessary for our future welfare that for
seien trade should heavily in this country s
favor II is encouraging to note that there is
no LET I'D in exports of manufactures, and Ii is
gratifying to know that present crop conditions
indicate large exports Of food products and cot
ton a result of this years harvest