New-York tribune., 1902-06-29
BONDS.
THE DAYS OPERATIONS IN STOCKS,

onars+ions i'm Yesterdays securities markets
$500 confined to small totals throughout the
list Commission houses were inactive "hiie
important market interests failed TO enter ao-
rively into speculation Traders seflerahS
worked on the long side of the market. and as a
consequence prices were firm in the TWO nouns
Of business. with net gains in most issues at
,ba close Missouri Pacific. Reading. Illinois
Central and Chicago Great Western were the
chief active features Illinois Central leading
T., ,,oi,+ of advance On smaller transactions
chicago and Eastern Illinois enjoyed an ad-
vance of nearly = points. and the upward move
ment was accompanied by reports that oeai
whereby Illinois Central would secure Chicago
and Eastern Illinois would be announced al no
remote period. Buying Of Chicago Great est
frn attracted considerable attention, owing 10
the belief that control of the road is sought oS
other companies. and that the so-cailed Gates
element has secured a large amount OF 'he
stock either to hold or to transfer to interests
prominent in certain Western properties for
various reasons Chicago Great Western is an
attractive stock to own at the present time Inc
Gould shares were firm. with further absorption
IF Missouri Pacific and moderate buying OF St
Iouis Southwestern preferred which advanced
oyer one point Reading shares were heavy on
the Washington report that the Attorney Cen
eral would investigate the charges that an an
fhracite coal trust existed in violation OF the
federal statutes
In the industrial list further selling of long
stock developed in Colorado Fuel and IRON out
covering of shorts the decline prevented an
important net loss for the day Disulllng OF
America preferred up over point hut
elsewhere there were no movements OF interest
or Importance. The weekly statement or aver
.ses of the Associated Banks showed gain in
M, l.ar- al
exnansion in loans. Cash increased S2.H'9,5"
and reserve above legal requirements sS-olo
80 s1297s $50. against IS, 1872 at this time
,,ear ago and Sic. .S59375 in 1900 Money rates
:, tho current week may be temporarily affected
tv the ,,reparations for the heavy July interest
and dividend disbursements, but ii is not be-
lieyed that the market for call loans VIII suher
any undue stringency. or that the fnarhe'
for stocks viii be appreciably affected year
apo call money advanced to 10 per cent on July
and TO p per cent on July 3. but in that week
reserve was under the present figures. While
the ha nix troubles in Buffalo, which led to the
withdrawal by some country banks of balances
with their New-York correspondents. aggra-
waited the situation. The closing Of the Stock
Exchange from Wednesday for the remainder Of
the week a year ago caused urgent demand
for funds As the Exchange will close for only
two business days this week, the inquiry for
accommodation will not be active on the
first few days of July it was last year.
h The statement of the Reading company for
u May shows, as expected, heavy decrease in
earnings as compared with the same month in
1861 The Coal and Iron Company OF the Read
ing system earned in gross Sl,613So4 less than
in May a year ago. but by a heavy reduction In
operating expenses net earnings decreased only
S422 49, The deficit for the month after liked
SH-Srp, r..SS.
against a surplus in the year before of ss4ooot.
From July l. however the Reading system
shows after fixed charges a surplus of 50, 49,
-,.;a an increase of 81 io51.p52 over the corre-
sponding period of 1901. When mining is again
resumed on an active scale the anthracite coal
eompanies will doubtless enjoy such a demand
sor fbei- nroduct at advanced prices that cur
,,enr losses will in great part be recovered.
The usual weekly table OF price changes for the
active stocks followS