St. Paul daily globe., 1891-06-30
DIRECTORS
FINANCIAL.
New York.

NEW YORK. June 29-The talk on the
course of the market over Sunday was most
dlscouraging. but while there was considera-
Bile selling, as predicted, it had more the ap-
pearance of being done to buy upon than
liquidation of long stock, and most of the
leading shares were supported, If not by the
insiders by the covering of shorts London
was a buyer to limited extent which had
some effect to encourage buyers. There
were further engagements of gold, but they
failed to have any material influence, and
i'll fact, after the announcement that it was
taken improvement set in and small frac-
ional gains were scored. The list it was
noticed yielded very hard, and notwith
standing a very marked increase in the
amount of business done the concessions
forced in most of the active shares were con-
fined to the mostinsignitcantf fractions, while
some stocks, among which may be men
toned st. Paul, Richmond q West Point,
Burlington, Rock Island and the other gran
gers were held above the opening figures
during most of the time. The very fiattering
reports of the harvesting of the crop in the
winter wheat districts had some influence in
this direction, but the reluctance of investors
TO part with these stocks in view of the
bright prospects for the season had more.
The weak points in the list were Northern
Pacific preferred and the coalers, especially
Jersey Central, Chicago Gas and New
England all of which stocks are
noted for moving in an opposite
direction from the rest of the market The
effect of the gold shipments was more TO
check the trading than to induce selling,
and the late dealings were marknd by con-
siderable dullness The opening was rather
heavy, but while the selling was more pro-
nounced than usual of late. there was a sus-
tanning force which even forced small ad-
vances in some Stocks and only in those
mentioned were the declines of any moment
whatever. The pressure was abated toward
noon, though renewed again after p. m.,
rally occurring in the meantime in which
only partial recovered of the losses was
made. The late dealings were marked by
the old dullness and a firmer tone which
again brought back portion of the early
losses The trading however. lacked feature
and the market finally closed dull and firm
at insignificant changes from the open
Ing prices in most cases and with
the grangers generally slightly higher. The
final changes for the day show that while
the general list is generally only slightly and
irregularIy changed from the close of Satur-
day, Chicago Gas is down 1ss Jersey Cen
trail, "a; Northern Pacific preferred, lis, and
Reading, ] per cent. Railroad bonds showed
the usual light dealings the sales of all is
sues for the day reaching 1856, 900. but the
market was heavy without accomplishing
any material declines among the more active
issues The Atchisons. Reading and North
ern Pacifics led the trading. but in neither OF
these was there any particular feature all
being fractionally lower this evening. AS in
stocks, the market was inclined to rally to-
ward the close. Government bonds have
been dull and steady to firm. State bonds
have been entirely neglected.