New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-12
BONDS.
STOCK MARKET OPERATIONS.

Stock market values, while exhibiting con-
siderable irregularity throughout the day.
showed more net gains than losses at the close
Trading was on a smaller scale than reported
In last weeks dealings. but there was, never
thelese a fair demand from commission houses
for the speculative issues and a good inquiry
for bonds. There effort to depress
prices. but profit taking sales induced at times
a reactonary tendency, which caused. however.
only small declines The inquiry for the So
called specalties moderately active and
the chief improvement OF the day was recorded
by these issues, notable advances being made by
Keoiyuk and Des Mones and Kansas City, Fort
Scott and Memphis Union Pacific. Atchson
and Brooklyn Rapid Transit were the lead
ers in the railroad list IN point of strength
| and activity, while among the industrials
Amalgamated Copper and United States
Steel preferred were features. In the bond
department there heavy buying OF the
Steel sinking fund rs. Much OF the days buying
was Of a purely speculative character. original
ing among Exchange members. but general SEN
timent remained bullish, and at the close traders
apparently were firm believers IN the theory
that values viii sell considerably higher before
a material setback begins. barring, Of course
unexpectedly adverse developments. The crop
report showing the condition OF winter wheat
was not published until after the close Of bust
ness, but it is likely that Il viii be a factor in
to-day's trading.
Exports Of domestic products IN March the
Official report OF which was received yesterday
showed a marked decrease as compared with
the same time year ago. the falling of amount
ing in value TO over S17.OOOO0O. due entirely TO
a decrease in shipments of cotton and bread
stuns Exports of cotton declined in value over
$4,000 600 and breadstuffs over 100000 The
fun statement OF the country's foreign commerce
for the month Will he published Friday. and the
chances are that 1t will make poor exhibit.
unless there has been a large increase in the
outward movement OF manufactures. In view OF
the beginning OF gold exports. the international
trade situation IS OF interest at this time. and
the fact that exports Of domestic products have
been falling off while the import trade has
been keeping up 20 the heavy record OF last
year suggests larger exports OF the yellow
metal than generally looked for IN Stock Ex-
change circles. Shipments so far arranged
for this week amount 10 100000. and It Is
probable that the total Will run TO much higher
figures The local banks have gained upward Of
So 10000 since last Friday from the sub-Treas-
ury chiefly on account OF gold arrivals at San
Francisco while the demand for currency from
the interior continues light
A large number OF reports from traffic man
ayers were received in Wall Street yesterday.
showing a heavy volume of business. despite
the fact that tho railroads handling less
freight than at this time in 1903. Officers Of
the various Western roads cheerful over the
outlook for spring and summer earnings. and
they do not believe that the present reduction
in tonnage from last years record breaking
traflc foreshadows. as some people apparently
believe, a striking decline In the rest OF the
current year. The rate situation. however. is
not promising. Earnings received yesterday
for the first week in April showed for the seven
roads reporting losses Of $136,S25 and gains Of
| S23 100 only two companies reporting increases.
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