New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-01
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The general tendency of stocks yesterday was
toward higher level. The closing was firm.
though quiet Dealings were on moderate
scale. but they were we'll distributed. Money on
cali was obtainable without difficulty and rates
were slightly lower. AS reflection of the re-
Taxation in money there was small advance in
sterling exchange. which stimulated an inquiry
to whether gold exports might not be re-
sumed before long. Should money return to its
former ease at this centre there is not much
doubt that gold would go to the other side 1t
Is 2 question however If rates for money will
subside sufficiently permit the departure Of
gold. There is great need for gold abroad on
account of the Russian loan, and il soon will be
augmented by the issuance Of British loan
Presumably strong effort will Ice made 70 take
gold from the United States. but this effort will
most likely be resisted. There is full employ
nent in the United States for all the money in
the country. and >rtainly large amount of
gold could be tralaferred to Europe without
pronounced effect on the money market. As
the Russian loan was fioated in Berlin that
centre is the object of foreign financial atten-
tion at present. The situation there appears to
be better than had been supposed.
Reports of damage to winter wheat continue
10 be received. but they are in the main unau-
thoritative No sufficient really correct idea
of the condition OF winter wheat or Of the proba-
ble size of the crop Will be obtainable before
the appearance of the Government monthly crop
report. which will he given out on the 10th OF
this month. The area planted is much larger
than that Of last year that the damage must
be severe 10 bring the prospective crop below
the actual WELD In 1901 when a bumper crop
was raised. AT this season OF the year ii is in
variably the case that alarmist crop advices
did not
seem to take yesterdays crop damage reports
very seriously. The stocks of the railroads that
would suffer by a light crop OF winter wheat
were among the strongest in the list. bly,
the outlook for the crops will be the chief
factor in the stock market fer a considera bic
time to come but it will be found that most of
the current information is Enthusiastically The
facts as to the crops always hard 10 obtain
until the crops are near maturity. and even then
estimates are often far wrong.
Colorado Fuel and Iron again led the list In
the number of shares dealt in. but the trading
in this stock lacked its wonted snap. and
eventuated in only fractional change in price
Uncertainty still exists TO where control of
the property rests. and accordingly there may
at any time be revival of excitement in the
stock The United States Steel stocks were al
most stationary in price. Wall Street has the
notion that these stocks are pegged- At any
rate they ere wonderfully steady. The business
in Anna lganated Copper was of fair proportions.
but resulted in only a trifiing alteration in the
price Sugar Refining moved in narrow hmlts
and closed unchanged There was a good de-
lnand for St. Paul for which a substantial ad-
vance was recorded On comparatively small
transactions Rock Island moved up sharply.
The belief in Wall Street is that before many
months the capital stock of the road will be
doubled There is not much OF the stock now
available for speculation. 1t has been accumu-
lated by the interests which lately secured con-
troll Of the property. The Reading stocks were
rot as active usual