New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-03-28
sEx dividend.
BONDS
IL DAYS OPERATIONs IN sTOCKs:

business in stocks yesterday was on mod
crate scale The market whole was steady.
Apprehension that there might be a furry IN
call money was not realized. The previous
maximum rate was not exceeded. Money was
in sufficient supply for all needs. The loans
that We're negotiated hold good until Monday.
since the Stock Exchange viii be closed until
then L now seems unlikely that there VIII De
any disturbance in money on Monday, the last
day Of the month. The money market has been
regulated with great skill by the banks, and the
probability is that no trouble Of any account
will be experienced hereafter. The Sub-IreaS-
urv continues 10 absorb cash from the banks,
and the interior movement Of money. at least
50 far as is known. is still against New orh.
It is thought that il can hardly he otherwise
than that the hank statement tomorrow VIII
disclose further material contraction IN loans
with a corresponding reduction in deposits Ihe
loss in cash that viii he shown Is estimated at
somewhere between 81 100000 and S2,0oo0oo.
Il is expected that altogether the statement VIII
be a not particularly unfavoralle one.
There is a reasonable probability that q strike
in The anthracite coal regions will he averted.
Both the men and the employing companies de
sire TO avoid trouble and that IS something cal
culated 70 facilitate adjustment Of differ
ences. There are no surplus accommodations Of
coal. and the mines could not he closed without
serious consequences. Whether there will be
the customary reduction in the prices Of coal on
april ] IS not known. Il may he that instead
II a reduction Of % cents a ton. which was at
che time looked for. there will be a cut Of only
- cents or it may he that reduction at all
will be made until May !. No formal agree
1nent as 70 prices is entered into by the coal
companies but there is a tacit understanding
which has been adhered TO the same as if il were
an agreement The year 1902 is likely 10 prove
an even more profitable one for the coal com
panies than the year 1901. The output will be
larger, and the average prices obtained may, in
addition. be higher. which would make an inn
portant difference in revenues.
One-ffth Of the total dealings in stocks on the
Stock Exchange We're in Colorado Fuel and Iron
stock Likewise. tWO-fifths Of the total deal
inEs in bonds on the exchange We're in Colorado
Fuel and Iron debenture bonds. The bonds are
convertible into stock. The stock declined, while
The bonds advanced. At the close the bonds
we're l.. per cent above the stock. The bonds
receive interest at the rate of per cent while
The present rate Of dividends on the stock is !
per cent. The market ranks the bonds as worth
more than the stock. and while this situation
continues the bonds WIFI hardly he extensively
exchanged for the stock The United states
Steel stocks We're almost stationary. There was
a fair degree Of activity in Amalgamated Cop
per which held firm. Sugar hennlng was IN
request. and moved I'd on the pronounced inn
movement in the sugar trade. There was eN-
cellent buying OF the Reading issues, which
tended to confirm the belief that there would be
no interruption 70 the mining # anthracite coal
Green Bay and Western debenture b bonds were
freely bought