New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-06-07

THE DAY IN THE STOCK MARKET.

InuEbua1, Junb Up III
The governors OF the New-York Exchange, as
we before have remarked, seem 70 possess tho
faculty OF laundering beyond the imagination Of
ordinary mortals, II Is impossible 10 conceive OF
a reason why what was made public at noon to-
day by an official announce ment in the Exchange
was not given 10 all the newspaper reporters last
evening. The quotation tckers were all running
this morning as usual But IL was after noon
time when tho acting President OF the Exchange
cnve 10 the members OF the Exchange thu following
explanation:
That ON the last day Of May, for the first time,
the Stock Exchange found ITSELF In position TO
terminate the contracts with the ticker companies
which were unsatisfactory 70 the Exchange.
necessary part Of this termination was tho suspen-
sion OF the entire ticker service, but 10 was hoped
10 make the suspension temporary as possible
This morning the service was resumed for the con-
venience Of our members. 1t Is temporary-Oo De
terminated at the pleasure Of the Exchange, with
out notice and IL rs pending arrangements which
shall be entirely in the interest Of the Exchange,
and In such arrangements the rights aud privileges
OF all persons entitled 20 consideration viii be
promptly cared for"
Thsre are numerous reasons why the governors
should have been anxious, in the interest Of che
Stock Exchange, 70 have had this Information
published in the newspapers throughout the
country II seems 20 be impossible for the gov
ernors Of the Stock Exchange 70 do the night
thing except by laundering process. Business
principles and methods are lost arts with the forty
men selected 10 run on important institution for
the sale Of securities
Today's stock market was scarcely more activ,
than was Yesterdays: YET under the ticker seq
vice to-day's recorded transactions are sos, %
shares Of listed stocks. against Sl 6S2 shares yes
terday by the incomplete method then la vogue,
and 10000 shares OF unlisted stocks, against
30 600 Il was day Of large realiZatiOns Of ac-
cr,lrd profits aud therefore. after good advances
In the early hours, there were later material reac-
lions Chicago continued % send 20 the local mar
ket It's dispatches OF railway wars and demoraliZn-
ton OF rates generally To-day furnished an eN-
! ampk Of the value OF the Chicago news sent here
| during business hours. which for ten days has
| lacked confirmation in the morning papers. kier-
nan a. Co.'S News Bureau sent out that the North
| western directors had declared dividends OF 3D.
rer cent on its preferred stock and Ia per cent
! on the common stock The dividends which were
! declared were ! "a quarterly on the preferred
stock and the usual per cent semi-annual on the
| common stock.
On the first report the price Of Northwestern
| stock declined I-2 per cent Herman q Co.'S News
| Bureau later made the correction and sent out an
explanation stating that JUS aisp"Icm
whom il had Summarly discharged. II would
have been we'll TO have done u
| a week ago, for not 10 per cent OF its daily
reports on the railway situation, published during
| bmqIness hours, have ever been confirmed.
Six months ago. when the market was purely
! local affair, hourly reports OF rate-cuttingS
! had some effect, and the ciroulators OF than had
some opportunities 20 reap handsome rewards In
the market But now the sentiment mas changeu
| and rho BUYERS OF stock look beyond the possible
fluctuations OF tho hour and elsewhere than to thu
news prepared for Wall Street for their intorma-
ton. The change IN news agencies for the circula-
tion NJ = bearishh reports has pro1ted the Chicago
bears" little The final prices comp pare irregulary
with last evenings closing prices, but despite
the small reactions IN some stocks the tone OF
| tho market at the end was strong
WHAT WAS DONE IN BONDS.
Government bonds were duh and cosy at quo
| tationa as follows