New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-08-05
BONDS.
THE DAYS OPERATIONS IN STOCKS,

Stock market trading was dull throughout the
dav on an irregular movement Of values Early
nrices were generally at slight advances over
Saturdays close. and despite a subsequent re
.c.,on the greater number of issues presented
small net gains at the end Of the day Com
mission houses were inactive Important market
interests were buyers in a few issues but, as a
rule. transactions were confined TO the opera
4ions of board room traders. Good buying was
reported in Reading. st. Louis southwestern
missouri Pacific. Tennessee Coal and Iron and
A+ctison. Colorado Fuel and Iron rose a point
nv, small dealings. and Tennessee Coal and Iron
enioved a maximum gain Of nearly points
Efforts were made 70 advance Republic Steel
issues but the absence Of public support pre-
vented Improvement, despite the excellent snow
.ng made by the company in the last SIX months.
The impression that general resumption o.
activity will shortly occur in the anthracite
coal regions was responsible for improvements
fn that group extending in Reading to point
and in Delaware and Hudson to per cent
There was nool buying early to moderate eX-
tent in Manhattan Railway, Southern Paclnc,
Manhattan and Tennessee Coal. which caused
fractional improvements and in the forenoon
trading some Of the soft coal stocks worked
. LITTLE higher. Other stocks that made progress
included Texas and Pacific. Amalgamated Cop
rer. Louisville and Nashville Western Union
81 Iouis Southwestern and St Louis and san
Francisco.
It is learned from trustworthy sources 'lia' vi
the recent advance the Western speculative ele-
rnent was heavy seller OF stocks and that
local substantial market interests were active
buvers in last weeks decline 1t should not be
assumed however that the Western element
has changed its position on the market the
public was anxious TO buy ten days ago. and the
snecu1ators who were the active leaders in the
huu movement took advantage of public de-
rnand TO secure the profits Of their ventures
This element is bullish and it is now quietly
buying stocks az prices under the ngures al
which profits were taken. The fact that in ad-
6irion TO the purchases of the Westerners large
amounts of stock have gone into the hands OF
ironortart Eastern interests suggests that the
hear element which is made up at present OF
insignificant traders viii find ii extremely DIFF
,7c,lt n denress values An impression prevails
IN conservative circles that the stock market VIII
On materially higher this year despite the high
r,rices of many issues and the possibility OF
SITTER money rates. This opinion is based on
tbe sound position of conditions underlying
,a1nes and on the expectation that this years
corn crop will equal if net exceed. any Preced-
ing crop on record
Advices received yesterday from the gram
sac+ion of the country reflected remarkably
T2N
has now about reached the stage where ad-
verse weather changes will have little effect on
the WELD. and on the known acreage it appears
safe TO predict a crop of at least 2,5oo"o'eo
bushels This years corn harvest promises 10
strengthen the country's industrial prosperity
and TO become an important factor in the hqul-
dation Of our debts abroad. The bank state
rnent issued Saturday, showing a loss in reserve
has caused no uneasness in banking circles as
1t is thought that no more heavy golo eAPor'S
will he made and that large interior and hlon-
s,,,a ,aceints will soon be recorded. Money will
aonhtless he higher later in the season. but
III. prospects do not favor stringency- On the
basis of present rates in the foreign exchange
market gold exports cannot be made at profit
The Paris sterling rate on London has advanced
while discounts are lower. indicating that con-
dittons at that point are not conducive to fur-
.ber shipments of gold from New-York-