St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-06-12
FINANCIAL.
New York.

NEW YORK. June 1.-THE trading in about
half dozen stocks comprised all there was
of interest in the stock market to-day, but
among those shares q more decided firm tone
prevailed during the greater portion of the
day, and more uniform upward movement
was established. If anything the late crop
report was the stimulating influence and the
CHANGERS were the features of the limited
dealings, the industrials taking more sub
servient position III the market. The contin-
ued ease iii the money market, with the better
aspect of affairs on the other side of the
ocean, showing an evident bullish temper
among the foreign operators, and the
smallness of the exports of gold so far this
week have gone far to stimulate some buying
for the long account and more to prevent
operations for the short account of late. The
general expectation now is that if there is no
material amount of gold ordered for Satur-
days steamers there will be very sa:isfac-
tory bank statement, and on this expectation
there is no disposition to short the list to any
appreciate extent. More encouragement
was seen, however, to make a market on the
domestic situation alone, and the foreign i'm
possibilities were ignored to greater degree
than usual of late, the Western operators
buying the grangers and Boston. Atchison
on the promise shown in the crop
report. Under these circumstances the
stocks which have been weakest of
late. including Atchison, Burlington and
Rock Island, naturally took the lead in the
dealings, but St. Paul. which was bought for
was still bought by Chicago, were less prom
inent in the market. The trading element as
usual was bearish, but had not the courage
to make any marked demonstration against
the list, and the firm tone was not seriously
interruted, although the limited buying was
not sufficient to make any material upward
movement in the list. The opening of the
market was made at small and irregular
changes from last nights figures, but the
firmness which remained the one feature of
the day was soon developed and continued
to mark the dealings throughout
the day. The most prominent move
ment was in Burlington, which at one
time was as much as Il per cent above it's
last nights price and most Of this was re-
tanned al the close. Atchison and Rock Is
land were close followers of the leader but
at no time were they more than fraction
better than the opening figure. ST. Paul. Chi
cago gas and Louisville were also active, but
were kept within the narrowest limits
throughout the day, and their final changes
as with even the more prominent shares are
insignificant. The market closed dull and
steady at about the highest prices Railroad
bonds were little more animated to-day the
sales of ali issues reaching the sum of $780,
O01, bat the tone of the dealings was the
same monotonous level CT steadiness
Government bonds have been dull and heavy
State bonds have been entirely neglected.
The Post says: In accordance with the de-
cision arrived at early in the week, the di-
rectors of the Bank of England did not to-
day make any change in the official discount
rate from per cent. Reports to-day indi-
cate that a considerable amount of gold will
be drawn away by Russia; and though the
Bank of England is well prepared to meet all
demands, the expected Withdrawals naturally
cause some uneasiness which shows its
effects in the lower prices there for stocks.
Petroleum continues almost stagnant to-day;
the only trading was in July option, which
opened steady. advanced 4c on few small
buying orders, and closed dull. July option
inha
6SIac; lowest, 6SAc; closing, 6SI2c.