New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-03-05
BONDS.
STOCK MARKET OPERATIONS.

Wall Street has become a Rip Van Wrinkle
land. Every one is sleeping. dreaming perhaps
Of the profitable days Of two years ago. when,
swarming like honey bees the public came into
the stock market to gather the sweets that sub
sequently turned to bitter gall That was last
year. when paper profits became cash losses.
or. perhaps, the Street is dreaming OF the good
DAYS which, according 10 the advocates Of
higher prices, are TO come this year, or pos
sbly its slumbering thoughts are centred on
the predictions OF panic and famine that are
heard among the apostles OF gloom and sorrow
But whatever the Street is dreaming Of the
fact remains that the speculative community. is
hound hard and fast in the arm Of Morpheus
This lazy situation ought. however, soon 10
change and, basing opinion on the experience
OF the past it may be safe 10 say that the
awakening win come at no distant period. In
yesterdays market there was a slight increass
in the volume Of trading as compared with the
preceding day, but the total operations amount
ed 20 only 1913 435 shares, OF which the greater
part was supplied by Amalgamated Copper
Sugar Brooklyn Rapid Transit. St Paul. Next
can Central Reading. Pennsylvania, Chicago
and Alton. Union Pacific and United States Steel
preferred. In the early dealings there was a
fair degree OF strength throughout the list. but
IN the afternoon there were reactions in most
issues. although final figures were generally
fractionally above Thursdays closing. Trad
ing was made up entirely Of the transactions Of
the boardroom element, commission houses
having orders Of Importance. while the lead
ing market interests were not in evidence.
Prices on the foreign bourses were heavy. There
no change in the money or exchange mar
ket of Importance. According TO the known
movement OF money in the week the local banks
have gained over SI0O0O0O in cash holdings.
The full report of the country's export trade
in the month Of January and for the seven
months ended January 81 makes a most inter
esting exhibit showing that the United States
Is doing a wonderfully heavy business with
other countries in the sale OF manufactured
goods, as well as in the sale Of grain and cot
ton At the moment high prices have inter
fered with the outward movement Of food prod
ucts and cotton although q good part OF the
cotton crop has been marketed. Exports Of
manufactures. however, continue large. with
no indication that material falling of viii de-
velop IN January shipments Of manufactured
goods from all ports were heavier than in any
preceding January on record. while for the seven
months OF the ascal year the record was also
broken. amounting IN the latter period in value
- S2:02l4.93G The growth Of this country's eX-
port trade in the last ten years may readily
be appreciated after an examination OF the fig
ures for each year I'm that time. In the seven
months ended January 81, 1894, exports OF
manufactures amounted in value TO S111.005,OSS.
In the same period in the next year there was a
decline TO 500. 100000. but thereafter a steady
Improvement took place 10 the present big rec
ord which is SI39. 209 S4S larger than in 1894.
the increase being heavier than the total value
OF exports Of manufactures ten years ago. There
are many markets in this world which the
United States does not yet reach 10 any i'm
por;ant extent but the time viii come when
the whole world viii buy Yankee products. and
il is safe 10 predict that the increase in ex-
ports in the next ten years viii be as extensive
il has been IN the last ten years. And with
this increase f. IS 10 be hoped that there VIII be
a proportionate gain in the size Of our ner-
chant marine.