St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-06-17
New Work.

New YORK. June 16.-The operations in
the stock market continued. The feeling is
more bullish but while there were takingS OF
gold for to-morrow's steamers and no 1ndica-
cations of any movement in that line this
week, the fTmness of exchange, with the
proximity of the rates to the shipping point.
renders caution the order of the day, and
the traders were still inclined to be bearish
this morning, and the professional character
of the dealings was sufficiently shown i'll the
course of the market during the remainder of
the day. The industrials, or rather Chicago
Gas alone was the feature OF the day. and
the non-action of the Chicago city council on
the matter was thought to foreshadow a set
tlement OF the difficulties with the company,
with the natural result of again making
the stock fayorite i'll the trading and a
material advance in its price. The railroad
list however, was slow 10 respond to the
strength in this specially, and the beariSh
inclinations of the room caused a lower
opening and further slight losses in most of
the list, while at the lowest figures Of the
first hour Louisville was down 1lb, and
Rock Island rs per cent The sympathy,
however, was quickly shown in the increas-
ing dizziness. with an almost total cessation
of movement in the list, and later the I'M
usual strength developed in Chicago Gas
served to neutraliZe portion OF these losses.
The early weakness in Louisville and Union
Pacific, the latter being down "a per cent
at the opening, was in consequence OF pres
sure to sell, apparently for foreign
the traders 10 the best of their ability. The
late advances were on the same limited scale,
and the market finally closed very dull and
steady to firm at Insignificant changes for
the day. the only important final change be-
ing gain of 2S4 per cent in ChicagoAGas.
The trading in railroad bonds was again very
small, and accompanied by the usual lack
of feature. A firm tone prevailed, however.
and the final changes show q majority of
gains. The transactions footed up S56s00O,
and this business was distributed among a
larger number OF issues than usual Of late.
indicating some revival of interest in the
and firm. State bonds were dull and
steady. The Post says: There was
no change in the money mar
ket to-day, though bankers are noting
daily improvement in the inquiry for COM
mercial paper 1t is generally expected that
the city banks will presently be in the mar
ket again. No interest whatever was excited
by slight advance in sterling rates this
morning, as il is no longer taken as an indi,
ca ton of further gold exports. The Bank of
England's net loss of &i42,009 on balance
yesterday. through the filling of Russian or
ders was promptly replaced by 9447, GOO,
which arrived at The bank to-day. This was
doubtless contributed for the most part
New York by the steame4s on Saturday,
June 6, whose freight would naturally reach
London at about this time. This would leave
in transit only the half-million which went
out on special order week ago. There was
no interest in the general; in fact, the major
ity of the active traders left early in the day
for the races Petroleum was irregular,
Pennsylvania opened weak, advanced S4c,
then reacted sSc and closed steady. Lima
oil fell to i3c on an attempt to liquidate
block of certificates. but rallied 1c at the
close. Pennsylvania oil. July option, open
ing 6SAc: highest 69c: lowest, 6Sl4c, closing,
6s9sc. Lima oil. opening, 13l2c: highest lac;
lowest 13c; closing, lac. Total sales, 41,0O0
bbls