New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-21

THE STOCK MARKET.
STOCKS

Friday June Cop. m.
The DAVIS engagements Of gold for export by
to-rnorrow's steamers amount to about one-ten'n
of the amount that yesterday was estimated Tor
the shipment. The German firm which yesterday
WAS so anxious TO secure the last ounce OF gold
available for export that it made its engagement
for S25O,000 forty-eght hours ahead Of time
to-day withdrew its order, and in place of 1t an
other German stock speculative house engaged
S255,00 These extraordinary shipments OF gold
are likely 10 make their effect on the rate LOT
foreign exchange felt little ahead Of the usual
supply of cotton bills The export of gold, en-
acly like the export of cotton, grain or any other
product. furnishes bills to the market. They may
be held back for week or two, but they are as
certain to be drawn and placed on the market IN
the one case as the other In the meantime, with
all the shipments OF gold during the last ten days,
the money market has steadily gravitated toward
ease Will some one of the modern fnanciers
who think when they pay for pair Of new boots
&c. o. D." that that 81 10 mas gone out oil eA,
istcnce, kindly explain the phenomenon OF sold
exports and easier money.
Yesterday in that the recorded transactions IN
listed stocks were only l43,4O4 shares, ngalls.
243.99l shares Yesterday, and in the unlisted
department, for which the forty governors assume
TO think they not responsible. the transactions
to-day were 30,625 shares, against 1862 shares
Yesterday. There was not an item OF news 10 cldhbe
the current Of the speculation. II was only an
effort on the part of the bears 10 push the
pendulum further back TO the zero point, which
was resisted by good buying orders The stock
loan market developed large borrowing demand
for all the active stocks and that was after
brokers' Offices had been applied 10 as early as
8 30 O'Clock. for borrowing almost anything they
had coming in. AS tomorrow Is not STOCK uc-
livery day the =" bears have rest till Monday
in providing for the deliveries Of their contracts
About the silliest thing we have seen printed
hT,n
That the 81 bears yesterday were large buyers
Of stocks. They were the only important sellers
ard their efforts to-day TO recOnp met no success
That was bold dash Of the " bears IN sellihg
Big Four down to 70 "a. There may be Dig
money in selling improving per cent STOCK
az a. but 10 the ordinary observer II looks IKE
a strained affair, and as later the stock was
shares suddenly sold at "a was wash we beg
pardon; we mean the result Of matched orders
The trunk line condition on the east-bound
business is drag the market People 90
not cnDprehend IT, and believers in the NanderDlls
are checked in their desires 10 make permanent
Investments because Of the action OF the Lake
Shore Company. The situation in that respect
is remarkable, but every holder OF one snare o,
the stock has a right to demand and receive an
explanation from his clerks BIT so long as the
Vanderbilt family is a continuous buyer ana n0t
a seller Of the stock the outsider may hold WIN
confidence. Sui, the curious situation is de-
moralizne influence on the whole market: Af,er
some carly further depressons. the general Market
with dulncss gathered strength and II generaiN
clo scd higher than last evening and strong aI t'o
figures
THE BOND MARKETS.
Tho rreasurv to-dav purchased only $3.50