New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-29
BONDS.
THE DAYS OPERATIONS IN STOCKS.

THE DAYS OPERATIONS IN STOCKS.
Transactions in Yesterdays stock n1arke' we're
moderately active on an irregular move1n Il OF
values While final prices showed many more
net gains than losses, there were perloos oi
weakness in the day which reflected heaFH Sen
ing from large speculative holders Sales were
so well taken however. that prices easily re-
covered while in the afternoon dealings upward
movements were general. Attempts 10 depress
the hard coal shares. owing 10 the faliure %
SATURDAYS conference on the coal labor situa-
ton TO reach a settlement. were not effective
for anv length Of time. early declines being fol
lowed by sharp advances in al the anthracite
securities Delaware and Hudsons advance was
sccon,nanied by the ancient report that the
road would he leased TO the New-York Central
on an \ per cent dividend guarantee, but OF
course there WAS no confirmation Of the rumor
Delaware and Hudson will hold its annual
meeting in May. and the wiseaCres of the Street
assert that at that time important develop
rnents affecting the company's control will arise
The chances are that the Delaware and Hudson
will continue under its present management
with no lease the New-York Central The
stock Of the latter named company WAS in good
demand Yesterday. also Pennsylvania. and on d
more reduced scale New-Haven. OF all the cur
ren; Street rumors the most probable one is that
Haven and Hartford by the Pennsylvania.
Chicago and Northwestern shares made sensa-
rional advances without news developments af-
fecting the property St. Paul rose points.
while Union Pacific Southern Pacific and Mis-
souri, Pacific were rot materially changed from
Saturday. Among the cheaper stocks strength
was shown by Des Moines and Fort Dodge,
Keokuk and Des Moines, Missouri, Kansas and
Texas preferred and some Of the specialties-
In the industrial list Pressed Steel Car issues.
American Cotton Oil. Virginia-Carolina Chem-
cal Railway Steel Spring. American Ice. Amer
fcan Snuff American Locomotive and American
Grass Irvine were strong features. The last
named issue made a maximum advance Of over
/ point closing at -. a gain of = points since
Monday a week ago This stock is Of the
new industrials that represents profitable and
rapidly expanding business. The demand for
the company's products is heavy while earnings
are far hevond dividend requirements. Indus
trial stocks of this class are held by many con-
servative investors and the prospects are that
much better prices will he made for the stock
named. American Car and Foundry preferred,
International Paper preferred International
Pump and several other issues. The market
closed irregular, without material animation.
The foreign trade statement for March indi-
Gates no setback in this country's industrial
prosperity Indeed. il reflects further progress
in industrial activity. while it shows that the
falling off in exports has been due entirely to
the decrease in grain shipments. caused by
the corn crop shortage of 1901. There was a
decrease in the exports of agricultural products
in value of SIS, Ala. S64. Exports Of manufact-
ures. however. increased in value s1.961.so2
ever period in the preceding year when export
records surpassed those of all other years. The
wealth Of the country caused gain in imports,
receipts Of articles Classed as luXuries alone in
creaSing in value s. 1891 over the CORE
spending month a year ago Imports Of arti-
cles Of manufacture increased in value s.. I6'.-
551, while receipts Of crude articles used in do
nestic industry were heavier by So.5GS.2i3 as
compared with March. 1901. Despite the falling
off in the exports Of food products and the in
crease in imports. the shipments Of general mer-
chandise largely exceeded receipts the trade
balance for the month being over 100000 in
this country's favor. This favorable balance,
however. has been offset by various factors in
Gliding the heavy investments Of Americans in
foreign street railway and industrial enterprises.
the expenses Of American travellers abroad.
NATURALIZATION Of imports etc, so that now
this country has no foreign credit balance. This
is not an adverse feature OF the situation 1t
merely bears evidence Of the wealth OF the
United States
Gold exports from here 10 Europe will doubt
less ne made this spring. Market movements
are not likely TO be materially affected by ship
r1ents Of the precious metal. as it is now well
known that under present conditions gold e1-
ports are wholly legitimate business transac-
tons between the Old World and the New.
Moreover, Il is realized that whatever amount
we ship abroad will be covered by domestic
gold production and the receipts from the Alaska
and Klondike mines Local money market con-
ditions are improving and the strain Of an out
ward Increment of gold easily be borne by
the city banks. Reports Of railroad earnings re-
ceived yesterday presented further evidence OF
the growth Of traffic and the slight effect Of the
small movement of grain on the general rail-
way business. Earnings in all parts Of the
country are truly remarka bic