New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-06-06
BONDS.
STOCK MARKET OPERATIONS.

Transactions in yesterdays STOCK ils'i ne.
light in volume in the greater nuinpef u 80
on a movement Of values that tehueU a.. -,
On the direction of higher quotations CoiiiiiiiS
a,o,, ho,,sas v,ara not important factors in the
snecuIation while the more substantial
..oa,,+l1, 1,ara not disposed to make extensive
o,,oi+roants on either side of the account '"e
chief mart of the days dealings being suPp
nv the board room element There was ho'ii'--s
in the general situation affecting the 1890
worth of securities that encour aseu 0
sentiment, and consequence rauAe
conducted on lines that brought ABOUT "0' az
IN the majority of issues, although the net I'M
movement was confined to small hgufes' 'e
largest gains being made by Canaoldh a
ST Paul the Erie issues New orh Ceiiti@ a.
+or,o ond Western. Norfolk and Western. South
ern Railway and the United States steer S'0eA'
Amalgamated Copper was sold to some extent on
the publication of the company's statement u
earnings. but on the decline the shares appeafeo
n be IN demand from a good class OF traders
,urcbases evidently being based on the theory
that earnings of an industrial company aVeras
ine more than per cent for series Oh years
were extremely encouraging and on the eAoei
lent outlook for the copper trace III INC 1851 -
the current year, aad, for that matter Ior in'Ay
wears to come. The expansion In many iilieS u
h,s1resa in the United States and in Foreign
ns+fons involves an increased Consumption Va
conner and there Is therefore mucn reason LIZ
bullishness on the copper shares lncIuohs 'A'
tocl,s that are dealt IN on the curb. The copper
statement did not make as gooo d siio"is =
many people expected, but it presented never
49,. conditions Indicating that the company
e enioving conservative profits. The copper
b,,siress in the United States rests on soma
foundation and there is no reason for pessinls1n
| an the shares that represent well known copper
companies.
While stock market trading is dull at the mo-
uent there are, according to the best observers
| in the financial community many reasons ior
the accumulation of investment securities a'
current quotations. There is or course uncel-
| tainty over the outcome Of the years harVesss'
hut even If there should be a poor return In the
wheat and corn fields the country Will not g"
| into bankrnntcy From the reports received
| from Trustworthy sources in the West current
| conditions in the corn and wheat fields are ex-
| trernely favorable, despite the late season. ali0
IT is believed that barring unusually ADVERSE
| weather changes the great agricultural sec'ioii
of the country will enjoy a year OF pFoSpeii''
While SPECTATORS may not make lInporC ail' 0oii4
rnitrnents on the long side of the market uliliI
| a. :, daeri+elv known just what the harvest Will
be- 1t is likely that careful nnahclers WIN '''-Ne
on q line of stocks on the theory that the re-
o,+ decIine discounted the possibilit,- Of a crop
,o,1,,-a Money rates will perhaps develop
Arrner tone around the first of July. out the
,aneral outlook favors an easy market until The
fall at least. ii,
r. "a interesting to note that Notwithstanding
the reports that are heard regarding business
reaction. railroad earnings in most parts OF the
country now being received show large sa4nS
over the same period year ago, especlanS IL
tho Southwest Missouri, Kansas and Texas lo'
,,etance. presenting for the last week IN May ai
,rcrease of s165.S35. Canadian Pacific increased
o,,or 500 900 for the last week in the nohIii
,ollin, q gain from the first of the fiscal year o.
90 ea9 600 the largest gain made for the perloo
~, ory railroad in the world. Canadian Pacil'
| hoe made a remarkable record in the last 1e"
, | ,ao-s and the chances are that the results on
.inad NV the road will be even better IN '
navt few years, owing to the wonderful eHpan
s,o, that is underway in the industrial acuVl
+to o4 the Dominion OF Canada. There are
, | ,,,har Of sound investment securities repre-
sop+tne railroad companies in the western
: continent that ought to appeal 10 investors
o,,,r, To the great developments that are taxing
rIaoo in the industries Of the country served b.
IN question