St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-06-22
FINANCIAL.
New York.

NEW YORK. June 2G.-The stock market TO-
day was insignificant in every respect and re-
flected only the waiting attitude of operators,
the trading being extremely small and the
fluctuations strictly in accordance The
foreigners were inclined to buy, but the trad
ing element was bearish and there was no
disposition to trade by domestic operators.
The feeling abroad was indicated by higher
figures in London this morning and this
produced generally higher price at the
opening here, which, however, were soon
neutralized by the short sales by the trading
element. No material change occurred,
however. and the expectation of
good bank statement which was not
disappointed developed frmer tone
before the expiration of the first hour.
Prices were therefore brought up to a shade
better than the opening figures and kept
there for the remainder of the session. Lack
awanna was the only feature of the day, deyel-
oping marked strength in the last hour, and
moving up sharply on the buying of traders
scored the only material gain of the day. OF
the other stocks, ST. Paul, Louisville, Bur-
lingtrn ana Chicago gas were more active
than the general list, but failed to make more
than slight fractional advance. Silver GER
tlficates were strong and active again. The
bank statement met all expectations making
remarkable showing and served to keep
the market firm to the close which was dull
better than last evening. Railroad
bonds were as dull as stocks. the sales
reaching Sl74,000 and, while firm tone still
prevailed, the movement was scarcely per-
ceptible. The export of specie from the port
of New York amounted to s. Isl. SOS. of which
81, 62I. 601 was in gold and Sl31, COZ silver The
imports of specie amounted to SAG, 466, of
which $50, al was in gold and S25, 705 silver.
Government bonds have been dull and
steady. State bonds have been dull and
steady.
Petroleum to-day was dull and featureless,
only one transaction being recorded in the
two hours of business. July option sales.
1000 bbls; opening, 61Lc; highest, 674c :;
lowest, 614c; closing, 67Ac. The Post says:
"Silver bullion certificates supplied good
share of the markets business, the total
business of the two hours running up to273 900
ounces, with gain in price of rs of a cent
per ounce. it is worth while to call atten-
ton to the prevalent belief that the advance
of lac i'll these certificates since Wednesday
was due solely to the heavy East Indian de-
such demand exists. 1t is natural at this
period of the year, and Londou's exports of
silver to India at last reports were nearly
100000 pounds less than those of the same
period in 1890. But this gives not the Slight
est ground on which to build assum ptionS of
a small supply of silver on the general
market. For that there are 10 reliable sta
tistics to be had. Moreover, an abrupt and
sudden advance such as that of the present
week could not well have been occasioned
by the condition of the foreign bullion mar
kets, the facts concerning which have been
familiar. AS a matter of fact, the bullion
houses with London connections have been
sellers of silver certificates this week, while
the buying has come from the houses which
operated with the congressional pool last
year.