New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-27
WHAT WAS DONE IN STOCKS.


The Trust stocks continued TO monopolize o
large share Of attention in the days stock specula
ticn The total transactions in unlisted stocks
was l4s504 shares out OF a total Of 1913, ca.
SUGAR Trust opened of at 1I6 l-2, and rapidly
declined 70 ll3: IL subsequently sold as high
as ll6 1-2 and closed ct lis IA, or 10 "a per cent
below Mondays extreme figures Of 26, which was
the result of as silly manipulation as the Street
ever witnessed. National Lead was active, but
comparatively steady ut 80 l-2a32 1-2. There
was u good deal Of short selling Of II, but tho
stock found support from the insiders. Tho
break" in sugar-it don't look much like
break to those who sold 1t ct 7oaoo-cncournged
n beaxs attack on Cotton OIL certificates A
Chicago operator Of some prominence and o
would-be New-Yorh leader We'd with each
other in selling the stock down. We have not
the facts which permit us TO assert which ono
it was that sold 90 shares at 30 l-2. Many
stop" orders were sent on tho decline from
SO l-2 TO 55 1-2. The insiders did not support
the stock, but did hold their hats 70 catch the
stock offered on the decline.
Finally the rumor was circulated that there
would be no July dividend All the talk about
July dividend has emsnated from one of the
notwithstanding -managcrS Concerning
dividend there is no news. We repeat what we
have said before: the largest holders of tho
stock in the management have not
at any time favored the declaring of
any dividend till the end Of the cotton year.
which 10 on September /, and it is not probable
that the speculative element in the management
will be able 10 direct the conservative element
which owns the largest amount OF stock. To-
days operations, however render it probable that
the bears' will pay dividend 10 real holders
at an early day.
The gcneral market was excessively dull. but
IL was strong Compared with last nights closing
figures however, there arc more declines than
gains, but the changes generally are Insignificant
In either direction. Among the Changers, Rock
Island was conspicuous for an advance Of 5-9 per
cent. The coal stocks ruled higher, and Phila-
delphia and Reading was specially stroS at
As 3-4a4S'l-4, against Al "a last evening Louis
vile and Nashville was sold Oh the report Of It's
second week in June earnings, and closed of 30
per cent Union Paciiic was dull and closed of
l-Y per cent. The trunk lines were dull with
irregular changes. Erie was 3-8 lower, indicating
that some one knew in advance the character OF
It's May statement, which was not issued TIL after
4 o'clock showing loss in net earnings OF 1884,
7G2 The dulncss aud stcadiness in tho market
after the important appropriations OF the last SIX
weeks reflects the confidence Of the holders In &C.
curiues. BE prices up or down la2 per cent IN the
tradings Of professionals, there IL the same absence
OF stocks for sale. The market has got back into
the old rut Of dulness and professionals make
the prices by offerings Of contracts The snort
interest is steadily increasing despite the prcselt
favorable outlook for large foreign demand ior
our cereals, which means rcmuncrative prices Tor
farm produce and large tonnage for the raiiroads'
The market closed dull and steady.
THE DAY IN THE BOND MARKET.
Government bonds were neglected ana steady
Mt quotations as follows: