New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-07
BONDS.
STOCK MARKET OPERATIONS.

Operations IN stocks were again extremely
hight in volume. while the movement Of values
was without sihniicance. Opening prices were
generally firm, and in some cases slightly above
the final figures of the preceding day, while
throughout the five hours Of business the ten
dency, IL IT could he called such. generally
in the direction of higher figures. Last quota
tions, however, showed only small net changes.
with the exception OF a few issues. Rock Island
preferred was strong feature. advancing over
a point but elsewhere in the so-caled active list
fluctuations were confined TO fractions. Com
mission houses were not factors in the market.
neither were the London houses nor the larger
speculative interests. Even among board room
traders there was no disposition 10 deal extern
sively on either side OF the account, although
spasmodic attempts were made at various times
to create activity. Transactions in bonds were
relatively heavier than in stocks; indeed. the
operations in this department were marked, es-
pecially in the United States Steel sinking fund
5s. Atchison general Is and Union Pacific con-
vertible As. The accumulation of United States
Steel bonds may he for the account of investors,
but it is more likely that the trading in these
issues in the last few months has been in great
part for speculative account. Trading at the
close was exceedingly dull. while prices re-
NAMED firm. There no material change in
the money foreign exchange markets, but
point. Gold TO the amount of S4,50OO00 was
engaged for export.
According TO the known movement Of money
in the week, the local banks have lost upward
Of Sl.Go0.0O0 In cash holdings owing entirely TO
the outward movement of gold. While the local
institutions received more currency from the
interior than they shipped including large
transfers Of gold through the Sub-Treasury
the gain was Offset by the shipments Of the
yellow metal from New-York In view OF the
large gold exports, the loss in cash was re-
markedly small. Receipts from the interior
amount 10 more than Sc, 100000. while the net
gain on interior operations was nearly 5000
600 To this gain. however, should be added
the receipts Of new gold on Assay Office checks
and on San Francisco Mint checks and tele-
graphic transfers. amounting TO more than 81
OOO.ooO The total gain from the interior and
new gold was more than 100000 while the
loss by gold exports and TO the Sub-Treasury
amounted to more than S10o00OOO Receipts
from the interior were larger than In any cor
responding week in any preceding year. Part
OF the receipts represented United States de-
posts recalled. and doubtless large part rep
resented investments in the latest issue of New
York City bonds.
Exports Of grain in the week ended Yesterday
were light showing a large falling off from the
same week last year. while in the case of wheat
the total was well under the record of the last
three years. Exports Of wheat for the week
amounted 10 trihe over 100000 bushels a
slight increase from the preceding week but
falling of Of over 100000 bushels from 1909
about the same amount from 1902 and 1000
GOO from 1861. From July ! exports of wheat
amount 10 122, 1893, S55 bushels. compared with
1e0o95.165 bushels IN the same time last wear
Shipments Of corn for the week were larger
than a hrr
bushels under the corresponding week last wear
From July 1 shipments of corn amount to over
100000 bushels against nearly 100000
bushels in the same period last year