New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-16
BONDS
STOCK MARKET OPERATIONS.

vrrarEaCtfous !n stocks were light tnIoL-ito.l
ne Gay the total amounting 70 only l-.''-
shares. the smallest record for any day lu The
current wear. comparing with q low record in
1909 Of 1920 shares. Dealings were not accom-
panled by important price fuctuatlous ia either
direction. changes generally being confined 10
fractious. with small net gains in most issues ~
the close. declines when made coming from is
sues ga which trading was confined 10 sna-l
rhara lots as ia American Ice preferred, which
lost over per cent on a business Of GO shares.
There was absolutely no outside demand. While
there was no evidence Of activity ca the part
o. the more important speculative interests
trading as a rule representing the operations ct
the board room element which played for iIac-
tiGral price variations on both siGee ot the mar
lzet. Although foreign securities were generally
weak there was no response IN the local market
20 the declines in London and Paris, and there
was little interest here on the part OF foreign
houses. which dealt in less than 5000 shares.
the reported illness Of the Emperor OF Germany
served 10 create a heavy tone abroad. il this
market the uncertainties Of the future were set
forth as ample reason for the dulness o. specu-
nation but Il IS well 10 note that these uncer-
ta5ntios were not effective IN bringing fear
70 the hearts OF investors and specula-
tora who are heavily long on stocks. There
are many people who hold securities bought az
higher prices and from their present attitude
they have no intention Of parting with their
possessions a. the current level believing. no
doubt. that much better quotations win Doe re-
corded later IN the year. II securities go lower
this year there win he plenty OF buyers for all
offerings.
OF the total dealings the greater part was
supplied by Analgamated Copper, Brooklyn
Rapid Transit United States steel preferred.
Pennsylvania. Consolidated Gas, New-Norl> Cen
tral Baltimore and Ohio. St Paul and Atchison.
These shares were quoted above the closing
figures Of Saturdays market but. with the ex-
ception OF Amalgamated Copper. New-y0rk
Central and Consolidated Gas. the last named
advancing 3 per cent. gains did not run beyond
fractions. There was no news accounting FOR the
advance in Amalgamated. the upward move
ment apparently being due 10 professional op-
erations based on the theory that advance
"a "a representative issue might stimulate &C
ttity in other parts Of the list. American Grass
Irvine on hight dealings enjoyed Improvement
OF over per cent, but IN this case. too. there
was nothing in the DAYS news responsible for
the advance. u was recently reported. however
that the company's business showed marked lu-
orease in the volume Of sales More interest was
taken in the commodity markets than Ia stocks
owing TO the sharp moves in grain and cotton
Wheat reached the collar mark in this city
while corn and oats touched the highest level re-
corded this year. Cotton. on the other hand
broke TO the low price made a week ago. Trad
ers OF course annCU1ced that the sau in cotton
ard the advance IN wheat and corn we've due
b the war situation, but manipulation more than
considerations OF possible effects Of She h0stil-
ties In the Far East was the chief factor in the
movement OF quotations. Money rates were
sasy. and foreign exchange was steady at IN
o1,p cea figures In the London and Paris mar
l-e;s discounts were lower