New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-23
BONDS.
STOCK MARKET OPERATIONS.

Prices in yesterdays stock market made few
important changes compared with the final
figures Of the preceding day. last quotations
generally showing small net advances. In the
greater number Of issues fluctuations were con-
fined to fractional limits. Trading was light in
volume throughout the day, commission houses
having few orders on either side Of the market,
while the leading speculative interests showed
no disposition to engage in extensive operations.
Opening prices were generally above Thursdays
closing, with the chief strength in St Paul,
Union Pacific. Canadian Pacific. Wabash pre-
ferred and Atchison among the active railway
shares while in the industrial list United states
Steel preferred. United States Rubber preferred
and Consolidated Gas all exhibited weakness.
The United States Realty shares were strong.
the preferred showing a maximum advance of
nearly points. The upward movement in Chi
caCo Northwestern was not accompanied by &C
tive dealings or by news developments affecting
the property. The local traction shares were
generally firm. especially metropolitan. which
advanced on the favorable prospects that the
company apparently now has for underground
rapid transit privileges.
Further ease was reported in the call money
market and there was some pressure on lenders
to reduce the rate for call loans. number OF
the larger banks refused TO make a rate Of l
per cent. but number Of loans nevertheless
were made at this figure. Time money was
quoted at from 2is per cent 10 Az per cent the
last rate being for extended periods. II is easy
TO understand why money should he so easy at
this centre after studying the movement Of cur
rency for the week ended last night. Receipts
Of money at New-Yor6 from the interior
amounted to over S65O0oO0. while the local
banks gained in their operations with the Sub
Treasury over 100000. making the known
movement OF money in the week unusually IA
vorable 10 the Cleaning House institutions for
this time Of the year. It estimated yester-
day that she banks would gain in their cash
holdings I'm to-day's bank statement upward OF
S12oo0OOO. The movement OF money from the
interior in such large amounts is interpreted in
various ways in Wall Street with the majority
opinion in favor Of the theory that shipments 10
this centre reflect the decreased demand for
funds In the West and other parts Of the coun-
try owing to- the lighter volume OF general
trade II was reported in Paris yesterday that
Russia is arranging with the principal French
banks for a loan Of S1JO,Ouo0OO per cent four
year treasury bonds. to be placed at price Of
qs II was also reported that loan for SIG
100000 for Russian account had been arranged.
OF course. II Russia becomes large borrower
OF money. and If Japan also should find It neces-
sary to come into the loan market for war funds.
money rates throughout the world, including
those in our own market. would develop a hard
ening tendency
Prices as a rule closed under ire best figures
Of the day Total sales amounted TO 25S,S70
shares the heaviest dealings being supplied by
Atchison, Brooklyn Rapid Transit. St Paul.
Pennsylvania and United States Steel preferred.
Mexican Central touched new low record for
this movement. selling at 81. On a purchase
Of 100 shares Commercial Gable stock advanced
II points az compared with the last preceding
sale Selling of United States Steel preferred
was chiefly by firms with Pittsburg connections.
This fact created the impression that insiders
were reducing their holdings Of the stock. Its
final price showed net loss OF ! point. This
stock. Delaware and Hudson and Consolidated
Gas were the only active issues that closed un-
der the preceding nights final level.