Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-12
GOLD SHIPMENTS.
Thcy Have Only Temporary Eject In Wall
stroot-Benrs Find Li,tIe TO Work
On-NoHriy Everything on

Higher Level.
New YORK, July 1.-THE selling movemen,
OF last evening, induced by the order of s.. 600
600 gold for export, was OF extremely shor,
duration, rs IL began and ended within the half
hour of business left out of the afternoon. This
morning there was nothing 70 be seen of IL
and prices at tho opening here were up from N
to H per cent, although London figures were
rather heavy. The Shipment OF gold could
only affect the values OF stocks and bonds In
case of q scarcity Of money here, and IN view
Of the receipts Of funds from the interior and
the heavy expenditures Of the Government.
which are stated at about $4,000, 900 over its re.
ceipts 80 far this month, there IS general ex.
pectation that the bank statement of to.mor.
row will show an entirely different state of
affairs from that Of last week.
The suspension OF specie payments in the
Argentine Republic and in Uruguay is ex-
pected to do away with the necessity for gold
there, and the feeling in London is reported as
much easier, to which the action of the gov.
ernors Of the Bank of England LARGELY oon.
trfbuted. London houses we're not sellers of
stocks to-day, and some purchases even were
made for foreign account. which, with the bet
ter outlook for the passage of the silver bill.
gave the bears little to work upon this morning.
Aivices from the West also indicated better
state OF affairs in that section as regards the
probability of settlement of the existing rail-
road differences. Sterling exchange was
higher, but several firms mentioned as likely
to ship gold said that they would not do so this
week. as no largo remittances are called for
and exchange is as yet cheaper than gold ex
cept on large remittances.
The sellers of yesterday afternoon, there
fore, were looking TOR their stock again this
morning, and while there were few other
buyers, the demand was brisk, especially for
Lackawanna, st. Paul anG Atchison, though
the further gains over the opening prices were
generally slight. Toward noon the trnsts n gain
loomed up and became the features of the
trading. Sugar displayed some of its old-time
animation ana strength, moving up about 8
stocks followed later, and Louisville and Nash
vile, New England, Northern Pacific nre
ferred, and some others were prominent for the
advances made.
Another engagement of S50O.OOO gold for ex.
port in the last hour failed to have anv an
preciable effect, and the market closed duil
but nrm to strong at the best prices of the day
There were several sharp movements among
the specialties, and the Chicago and East
Illinois stocks were conspicuous with Mobile
and Ohio: The list this evening is almost in
Is up2 per cent, the common IL, Louisville
and Nashville ", Northern Pacific nreterred
N, Mobile and Ohio u and Rock island.
Missouri Pacific, New England and Iacka,
wanna per cent each.
The railroad bond market was more ami.
mated, and for the first time in weeks the total
sales extended ie y to oyer 81 Goo OOO while the Mo-
| grants were active features, the former fur.
nlshing Sl65.000 and the latter slO5, 900 to the
total. The first named bonds were also the
strong feature of the day and led the advance
with gain OF ~ per cent to 81. The general
list was only steady to firm, but Kansas City
and Omaha lists rose to IS and San Antonio
and Arkansas Pass SOS 2 to n. There were q
| few unimportant losses.
Government bonds have been dull and with
out feature. State bonds have been entirely
neglected.
The Post says: There are large banking con-
Germs in London who are interested in the
marketing OF South American loans, and es-
pecially those of the Argentine Republic, and
| If specie payments are suspended there these
bonds Will not only decline and bring losses to
| the people who have already taken them upon
| the bankers recommendations, but the further
| sale Of the bonds will be stopped. But II these
bankers attempt to sustain South American