New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-25
sEx cividend
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Transactions in yesterdays stock market were
made UP IN great part Of the operations Of pro-
fessional traders.
Total dealings were under $4,000 shares.
few stocks supplying the chief part of the bus
mess and dealings in these securities repre-
senting rule purely speculative operations.
In the forenoon trading the movement Of
values was generally in the direction of higher
prices while in the subsequent operations heavi-
ness developed. leaving final figures for most
issues under the preceding days last quotations.
There were no noteworthy features in the days
markets and efforts TO create interest in Sc
curities in which sharp fluctuations were re-
corded IN Tuesdays dealings met with no sub
sfeutial response from the trading element or
from the public. There no public interest
in the market Commission houses were prac-
ticslly without orders for outsiders. and the
result Of the days business for Wall Street
brokers was not reflected in increased bank &C
counts Colorado Fuel and Iron lost nearly
two points in the first two hours, while at the
close the stock showed a net fractional ad-
VANCE Tennessee Coal and Iron enjoyed
sbsrn inward movement in the initial dealings,
hrt II failed TO maintain the Improvement in the
rest Of the day, its last quotations showing no
change from the preceding days close. In the
railroad list there a fair demand for the
Gould stocks especially the Wabash shares ana
debenture B bonds Buying Of the Wabash
issues in the last few months has been for the
account of people who are well informed re-
rsraing the position Of the Wabash Company
and its prospects for Atlantic coast connections
II will doubtless pay the careful investor to
tuy these securities at current prices. as the
Wabash property now forms important link
IN one Of the largest railway systel1s in the
country. while its financial and physical con-
dition warrants the expectation of DIVIDENDS on
its various issues which now in the non
dividend paying class.
The outlook in the money market in the rest
of the current month presents no feature on
which may be based predict ons Of disturbance
,n lending rates The price of money will doubt
less be firner at the end of the month and for d
brief period in July, owing to the PREPARATIONS
for the payments on interest and dividend dis
tursements and there is no reason TO believe
that rates in July and August viii rule at pro
hibitive figures. Extreme ease is not expected
in the money market. but re PIE who are look
ing forward 10 trouble in the monetary situation
will find little profit in basirg their stock mar
ket operations their money market obserVa-
tions. Further ngagements f gold for export
were made yesterday. 1t is likely that the out
wald movement OF the yellow metal VIII con-
tinue for some time. but il should lie borne in
mind that the loss on gold exTor,s viii he offset
by receipts Of currency from the Interior and by
the shipments OF gold from Alaska and the
Klondike Within the course of the next two
months the movement Of gold from the last
named places viii doubtless be fea7y CROUCH TO
make up for the gold that this country has sent
10 Europe within the last few weeks. DoIe tic
exchange at interior cities On New-Ycrk stiH
rules AT a large premium, and as consequence
the local banks are gaining arge amounts Il
money their operations with Western and
Southern cities. The current demand n The for
eign exchange market for remittance represents
payments 10 foreign holders Ct Amer can Secu-
mites and payments for n oCey borrowed abroad
last winter As long time money remains al
its present level uneaSineSS need lie felt over
the export movement of gold.
It may be worth noting II at within the last
few days several important financial institutions
and a number Of wealthy investors have been
buying stocks in this market. These purchases
made owing the cheapness of securl-
ties and 10 the confident belief that the indus
tries of this country Will continue TO enjoy pros
perity for many months to come According to
the information received from the most trust
worthy sources. the general situat on amonE
business houses throughout the United States
presents sounder features than ever before in
their history. II is also reported from Western
sources that are in no way connected with the
speculative markets that the present position .of
the crops indicates favorable yie,d for all the
the last few days has not been especially favor
able for healthy growth Of corn and wheat
should not encourage the belief that this years
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