New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-28
BONDS.
STOCK MARKET OPERATIONS.

Stock market trading extremely dull in
the five hours Of business. with unmportant
changes in quotations at the close. In the
greater number Of issues fluctuations were con-
fined to fractional limits tie tendency. however.
generally being in favor Of higher prices. In
thu railroad list the heaviest dealings were sup
piled by st. Paul. Union Pacific. Atchson Balti-
more and Ohio. Southern Pacific and Pennsyl-
vana- In the industrial list the volume of bust
ness was moderately heavy in Amalgamated
Copper United States Steel preferred Consoli-
dated Gas and American Sugar Refining. There
was again a fair demand for Sugar Refining GER
tifcates. and according to the opinion of PEG
pie who are closely identified with the Ameri-
can Sugar Refining Company. this demand was
based on intimate knowledge regarding the cur
rent business and prospects Of the company.
The inquiry for refined sugars has increased to
a noteworthy extent within the last week, and
refners now holding strictly TO list prices,
while they are advising buyers of the probable
i;y OF further advances in the course Of the next
few months All grades Of refined sugars We're
yesterday advanced points. The position Of
the raw sugar market is strong. and It is pointed
out IN sugar trade circles that the supply OF
Cuban sugar will probab bly, prove insufficient to
meet the demand of the local rehners. which. Of
course. foreshadows heavy imports Of the prod
uct from Europe. People who are buying Amer
lean Sugar Refining stock evidently well
informed regarding the statistical position OF
the trade and the extern: Of the probable de-
mand from consumers within the next few
months.
An upward movement in Consolidated Gas in
the afternoon. amounting TO . points
companied by the report that Governor Odell
would sign the Remsen bill. Apparently there
was a short interest of considerable size I'm the
stock. and the efforts oe the bull element We're
evidently directed against this account. There
was no important demand for the general list Of
securities from commission houses, while there
was no indication or an active interest I'm the
market the part Of the larger speculative
| operators. Trading in United States Steel pre-
ferred heavier than In any other stock on
the list. and there also an active movement
in the company's sinking fund bonds. which ap-
,peared to be pressed for sale. This movement
doubtless represented profit taking operations by
people who bought the securities at a lower
price. There nothing in the days news de-
velopments warranting bear Operations either
! in the preferred stock or in the bonds. Among
the so-called specialties the Rubber stocks were
again in good demand. the preferred advancing
nearly l point. Brooklyn Union Gas advanced
per cent while a certain amount OF strength
was exhibited by Virginia. Carolina Chemical
There were a few sales Of American Car and
Foundry preferred. but offerings were well
taken. II may he stated on authority that the
American Car and Foundry Companys business
is improving, and that railroads gradually
becoming active IN the market for new
equipment. Total sales amounted TO 157 $40
shares.
Gold export engagements for to-day's steamer
amount to 100000. making the total ship
ment so far this week 100000 It is quite
likely that further heavy shipments OF the metal
will be made next week, and that before the
movement is over local bank holdings will be re-
duced to a point which will encourage a firmer
market for loans. In yesterdays money market
there was no change of Importance In rates,
while the demand for accommodation was not
active In the commercial paper market bust
ness is dull as far offerings are concerned
Merchants appear to be unwilling to make large
commitments at this time owing no doubt 70 the
uncertainties incident to tho forthcoming Presi-
Dental campaign.