New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-30
BONDS.
STOCK MARKET OPERATIONS.

While sharp price changes marked the course
OF trading In few issues. the general move
Enent Of values exhibited great irregularity with
fluctuations confined within narrow limits In
the early dealings the majority of shares pre-
scented reactions from the closing of the proceed
ing day, but declines were not important and
in many instances they were recovered before
the end OF business. The appearance of the
market, however, suggested stale condition of
speculation, reflection OF which was presented
in the failure Of the general list in the forenoon
trading IN respond to the active upward moves
in few Issues. notably Sugar Refining. Toledo.
ST Louis and Western. Pacific Mail United
States Steel common and New-York Central
In these shares advances Of one point and above
were recorded. Pacific Mail enjoying q maximum
advance Of over per cent, Sugar Refining over
per cent and New-York Central over . per
cent Strength IN Pacific Mail was not due to
news developments affecting the property but
70 the covering of large short interest that
was forced to bid high for the stock to settle
its contracts Mr.. Lawson had a few more re-
marks in yesterdays papers on this issue and
on Amalgamated Copper, but the latter stock
failed to enjoy improvement despite the bullish
advice OF the Boston operator. AS a matter of
fact there appears little need for Mr. Lawson
OF any else 70 tell why the copper shares
supplied with actual news regarding the copper
situation, indicating a remarka bly, strong posi-
ton Of the copper trade and foresha downing big
earnings by all the copper companies in the
next twelve months. with better quotations for
the various copper securities In yesterdays
curb market Montreal ard Boston was again a
feature. The general Improvement in the cop
per trade and the increasing earnings of the
companies naturally attract attention TO the
Montreal and Poston shares, as they 90 TO other
copper securities
In the late afternoon dealings IN the greater
number Of issues enjoyed Improvement, closing
prices being at about the best of the day. In
the active list. however the strength in the final
trading not large enough to offset In ali
issues earlier declines, but net losses when re-
corded were not important being confined as a
rule 10 Insignificant fractions. the chief excep-
tons being supplied by Colorado Fuel. Illinois
Central and Louisville and Nashville in which
last quotations showed net declines of over /
per cent. Heavy buying of New-Yerk Central
Pennsylvania, Peoples Gas and Metropolitan
was a feature OF the last hour transactions
There was no explanation for the activity in
these shares, the advance apparently being due
to aggressive operations by we'll informed specu-
iative Interests. who may have discovered The
existence Of q large short interest in the stocks
Wall Street sentiment at the close Of bushes:
was somewhat mixed. but the greater number
OF market followers appeared to be quite conf.
dent that further Improvement in values would
be recorded. their ideas being based On tire be
lief that there has not yet been a general dis.
trihution Of stocks and on the expectation thai
there VIII be no disturbance in the money mar
ket in the balance Of the year. At the momen
there is little proba bity of further exports o
gold. as the foreign demand for the metal ap
parently has been satisfied. Regarding the in.
ternatonal trade situation. 1t is interesting Il
note that. according 20 the detailed statement OF
exports for October. shipments Of manufactured
articles IN the month increased in value upward
OF SlOoOOOoo. as compared with the same month
last year the gain more than offsetting the fan.
ing of in exports Of agricultural products Fo,
the ten months ended October 81 exports m
manufactures from the United States increased
in value over s64 100000 while there was de-
crease in the shipments OF food products Of owe,
81, 100000