New-York tribune., 1902-03-25
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market yesterday was strong at the
opening. but its subsequent course was irregu-
lar, and the closing prices were about equally
divided between gains and losses as compared
with the concluding figures on Saturday. The
transactions were fairly large. There was con-
siderable profit taking in stocks that recently
had been active at advancing quotations, but
the effect Of this selling was not important The
maximum rate for call money was not increased,
but the average rate for loans was advanced
The expectation seemed TO be that money would
go higher but this was something that, so far
as could be discerued. excited no apprehension.
II was well understood that money would be OBJ
tainable at all times, provided acceptable collat-
eraI was furnished and also provided borrowers
were willing 10 pay the rates asked. Time money
was offered comparatively freely. but the in
quiry for it was not large which perhaps indi-
Gated a belief that high rates for call money
would not long be maintained. The borrowing
demand, as a whole both IN call and time
money was Of moderate proportions.
The interior movement Of money continued
against New-Yorl. Money was reported as
being stiff in Chicago. which was taken i'm
plying that money was in request throughout
the West. Therefore it is assumed that money
will keep on going from New-York 10 the West
Ior the present at least. The money is needed
chiefly by the farmers for use in planting, and
as the amount required is larger than usual, the
assumption is that the acreage seeded VIII be
greater than in former years. Some reports OF
injury TO winter wheat were received. but.
they were not authoritative, no particular at
tention was paid to them. Weather conditions
generally have been satisfactory and the out
look at this time is for a hountiful crop Of win
ter wheat The crop may prove the greatest
ever produced, if the elements are prOpitious
and immunity from insects is enjoyed. BY rea-
son Of the heavy snCwfalls during the winter
the ground is in exceptional state not alone
for winter wheat but likewise for spring wheat,
which is yet TO be planted. With bumper crops
this year the prosperity Of the country VIII be
vastly augmented
A new assault was made Arnalgamated
Copper in the trading on the stock Exchange.
Heavy orders FOR the sale OF the stock came
from Boston, and these were literally supple
mented by sales by local operators The copper
trade Was said be still unsettled. II said
that there were no fixed prices, and that, de-
spite statements TO The contrary. the demand
was not absorbing the output which was being
steadily enlarged by the operations Of Cutsi je
concerns. While the deferred meeting Of the
Amalgamated directors 10 act on the dividend
does not occur for month yet, the question -
10 whether a dividend would be declared or
passed was freely discussed. Buying of Cello
radO Fuel and Iron was resumed, and the price
was carried up. Tennessee coal and Iron vas
rather quiet, and lost slightly n price. The
business in the United States Steel issues was
small The Reading stocks were notably strong
and active. 4 report that the dividend on
Evansville and Terre Haute preferred would be
reduced caused & slump in this stock. although
the common stock picked up IN price. There
was realizing IN st. Paul.