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

NEW YORK. June 5.-The stock market to
day seemed to have fully digested the Rock
Island dividend affair, but renewed gold en-
gagements were against it, and the promise
of an advance shown last evening and during
The early trading this morning were not tul-
filled. The influence, however, was as usual
of late, eXerted in the direction of q repreSs-
ion of trading rather than by a depression
of prices, though The resultant dullness Of
fered the usual opportunity for professional
hammering OF q few of the leading stocks
and specialties which after all have what char
acter to the market 1t possessed. There was
apparently no effort to hold Rock Island up
and with Burlington in close attendance it
settled away to about The lowest figure of
yesterday, though the rest of the railroad
list, including st. Paul and Louisville. which
were active, were kept within narrow limits
throughout the day and presented no feature
whatever indicating the prevailing apathy
among spectators. In the market to-day
the induStrials attracted as much attention
as the railroad list with one or two excep-
tons, and, while the expected dividend on
Sugar lad no power to advance the price,
further realiZations on yesterdays improve
ment sent it down again nearly To its late
level. The absorption of the rival distilleries
in Chicago by the whisky trust helped that
up little, but the realizations were
afterward as marked as in the other case
and little was gained during the day. The
opening of the market showed a continuance
of the covering operations of yesterday, but
decline was made in the early trading, III
which both railroad stocks and industrials
shared, although except in Sugar there was
no material loss incurred. The West then
began to buy its favorite industrial, and Chi
cago Gas was started up on an upward move
ment, which lasted throughout the remainder
of the day. and which, in the late trading,
succeeded in bringing to limiIed extent the
general list along with it, Rock Island was
weak feature throughout though the conces-
sion from the best price was no more than
the rally from the lowest of yester-
day. Sugar in the realizations lost
about 2 per cent which was not made up
during the day, although the strength of the
last hour did much to recover the loss. Chi
cago Gas was carried from 5lss to So and it
closed only slight fraction below the best
figure. The general list however, was
brought only to about the level of the open
ing figures with the single exception of Wa
bash preferred, which was exceptionally
strong throughout. The close was fairly
active for the leading shares and firm to
strong at the most insignificant changes.
preferred per cent, but the other final
changes are of no Importance. Railroad
bonds were very dull and showed in the
main a weak tone, though the final losses
in the share list. The business of
the day reached only S467.OOO, and no special
animation was TO be noted in any portion of
the list. Duluth and Iron Range firsts lost
skies at LA. Government bonds have
been dull and steady to firm. State bonds
have been dull and steady: Petroleum
opened steady, but gave way under pressure
clined 1888 and closed weak. Pennsylvania
oil spot opening 69A,; highest, 69A; highest,
694; lowest, IS; closing. IS; July option
opening. 704; highest. 70A: lowest 6S7s;
closing 6S7S total sales 2l,OO0 bbls The
Post says: Exchange in this marketwas
again easier, and demand bills were quoted
as low as S4.S7s4 for actual sales and though
some of the foreign houses were expecting
this morning to snip more gold tomorrow,
they agreed in thinking that gold shipments
are about over Sugar refineries common
Huctuated from s2l2 at the opening to s6l2c
and S7s4 on varying rumors about the ex-
pected dividend in the common stock The
directors met to-day, but took no action.
They may do so at the meeting next week,
but in the meantime they are absolutely non
committal III their expressions as to whether
there will be any dividend declared"