New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-15
sex dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The expectation of many that the stock mar
ket would halt yesterday in the strong ana
STEADY upward progress which it has been max
ing since Monday afternoon was not realized
for despite heavy volume of profit taking sales
the advance continued and the market closed
with substantial gains recorded for many issues
and with prices about the best Of the day. The
total sales were about $4,000 shares. against
LII. O94 on Thursday With bullish feeling
now well esta bIished, after so many months of
depression, and with powerful interests bidding
I'D prices with every appearance Of confidence.
the bear party coming TO a painful rean-
cation Of the urgent advisabiity Of safeguarding
their interests and yesterday, as on Thursday,
a goodly part of the buying represented the
covering Of short contracts. London traded on
both sides of the market yesterday, taxing
profits on stocks purchased early in the week
and making fresh commitments on the long side
in other issues. AS far as preliminary figuring
can forecast the result and that is not very far,
the bank statement to-day promises to be favor
able in its showing; and with bullish sentiment
unchecked and very large short interest still
outstanding. further advance in prices seems
probable Money is still easy the call rate not
having gone above per cent yesterday. The
sterling market was stronger than on the pre-
ceding day, the demand rate advancing 10
points.
The copper stocks and the grangers led the
market Yesterday The Standard Oil interests
are now credited with favoring moderate ad-
vance of prices, and Amalgamated Copper, with
which they are prominently Identified, was
nut up 53s points yesterday. large trading,
while Anaconda gained 10A points. Union Pa
cife made an even point gain. closing almost
at the highest of the day. The granger stocks,
the Delaware and Hudson the Pennsylvania
group. Atchison and New-York Central ali made
net gains Of more than points, except Penn
sylvana itself which advanced 2$4 points, and
the Rock Island issues. which gained respect
lively Is and 212. Reading, the market leader
Of Thursday. was less active yesterday, and de-
clined 4 point al the close.
The official report of the country's foreign
commerce in July shows an excess of exports
over imports of merchandise for the month
amounting to S9,359013. comparing with S13,-
I9S $50 for June. The imports remained almost
stationary amounting in value to $50, 1SO3S7,
against So, 023 SEQ for June; while the exports,
So, 539 400 showed a decline of S3,6S3, 446 as
compared with the June figures. Imports were
S3O32.5 13 larger than for July, 1902 while ex-
ports were S2,74S.773 larger The excess of ex-
ports over imports, S9,359,O13, compares with
S9642 753 in July, 1902, and with $36,37O075
in July Of the record breaking year 1901. For
the twelve months ended with and including
July imports passed the 81, 600, 100000 point,
reaching S1.O2S, 40, $50; while exports amounted
to S1422 SS6 452, falling not far short of the
1901 figures 81, 1876, 764,694. The total foreign
commerce Of the United States for the twelve
months including July amounted in value to
81 AL CO., 291, comparing with $2445 610 All for
the fiscal year ended June 30 The exports Of
gold during July were $9.11T,75S. and the i'm
ports S4631, 2l7. With Europe once more in this
market. as a purchaser of stocks. and with eX-
tensive crops of corn and wheat and cotton
about ready for the harvest, 4 return movement
OF gold from Europe is looked for in the fall
while the output of the Klondike fields, reaching
Pacific Coast points. may be depended upon TO
swell materially the import total during the next
few months.