St. Paul daily globe., 1891-06-21
FINANCIAL.
New York.

NEW York. June 2e.-The stock market TO-
day was Insignificant in every respect and re-
fected only the waiting attitude of operators,
the trading being extremely small and the
fluctuations strictly i'll accordance. The
foreigners were inclined to buy, but the trad
ing element was bearish and there was no
The feeling abroad was indicated by higher
figures i'll London this morning, and this
produced a 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 thereforehrought up to a shade
better than the opening figures and kept
there for the remainder Of the session. Lack
awenna was the only feature of the day, devel
Oping marked strength III 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-
llngtrn ana Chicago gas were more active
than the general list, but failed to make more
than slight fractional advance. Silver GER
uhcates were strong and active again. The
bank statement met all expectations. making
a remarkable showilg and served to keep
the market firm to the close which was dull
at the best prices, but only slightly
better than last evening Railroad
bonds were as dull as stocks, the sales
reaching Sl1i,0O0. and, while Il firm tone still
preNalIeu, lile movement was scarcely per-
ceptble. The export of specie from the port
of New York amounted to 81. 7ji, ,6JS. of which
81, 62o 6)1 was in gold and Si3l, ,097 silver. The
imports of specie amounted to S45. 466, of
which $50, 741 was in gold and S25. 715 silver.
Government bonds have been duh 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, 614c; highest, 674c;
lowest, 674c; closing, 67I4c. The Post says:
silver bullion certificates supplied good
share of the markets business, the total
business of the two hours running up to213, ,00)
ounces. with gain in price of rs of cent
per ounce. 1t 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
mand on London. There is no doubt that
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
1,5000G0 pounds less than those of the same
period in 1899. But this gives not the slight
est ground on which To build assumptions of
small supply of silver on the general
market. For that there are 10 reliable sta
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 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.