St. Paul daily globe., 1891-06-10
FINANCIAL.
New York.


NEW YORK. June 9.-The street is still in
waiting attitude. The market was very dull
and uninteresting for the railroad list out
side OF the few shares which were influ-
enced Dy special causes, and the whole at
tention of the traders was concentrated upon
the industrials. The meeting of the direct
ors to act upon the question of the dividend
was source OF strength to sugar. and the
announcement OF the dividends was fol
lowed by further improvement Chicago Gas
following with a more limited huctuation.
The shipment of gold to-day by August Bel
mont Co, while it had some influence
upon the general list, was used princi-
pally against Louisville d Nashville,
as the traders were disposed to regard the
shipment as evidence that the clients of the
mouse on the other side had lately been sell
ers OF the stock, and free offerings were fol-
lowed by material decline in the value of
the stock. OF the rest of the railroad stocks
the coal shares were looked upon with less
favor than the others, and both Lackawanna
and Jersey Central were depressed on light
trading. The general market. however,
showed the apathetic condition of operators
minds, and while ST. Paul, as usual. with
Atchlson following, showed some animation,
thelr 1 movements throughout the day were
devoid of interest. There is disposition
manifested to again bank upon the July dis
bursements and many houses are looking for
ward TO that date to see some revival of the
demand Tor bonds, which seems to be entirely
lacking at the present. and the absence of
such demand is one of the depressing in
huences in the stock market. The opening
of the market this morning was made at
some decline from last nights figures, except
III the lndustrials, which were all slightly
higher and made further improvement in the
early trading heavy tone marked the
dealings in the regular list throughout the
day and the attack upon Louisville dropped
that stock per cent, though larger proper
tion was recovered before the close. North
western was the weakest point in the list.
however; selling ex-dividend of 3 per cent
IL retlred lS4 per cent at the close and the
coal stocks followed though n late rally in
Lackawanna recovered most of the loss in that
STOCK. The rest OF the list remained with the
narrowest limits throughout the day even st.
Paul huctuatlng over a range of only So per
cent. The market finally closed dull and
steady. but generally at small fractional
losses for the day. The advances in the in
dustrials were on the same scale, however,
as late weakness neutraliZed large proper
ton OF the Improvement of the morning
The final changes of importance include
only losses of ia i'll Northwestern and per
cent each in Jersey Central and Louisville.
Ihere was the usual insignificant trading in
railroad bonds, and while the sales reached a
comparatively large number of issues there
was no movement. and q heavy tone
in strict conformity with that in
shares, prevailed. All are lower, but the
important changes. as usual are only
among those issues which are only OCCASION
ally quoted. The total business was ONLY
S33oOOO. Government bonds have been dull
ana STEADY. State bonds have been entirely
neglected. Petroleum continues neglected.
The opening to-day was steady at Ac de-
cline, but, although lower offers were made
no other transactions occurred and the clos
ing was dull. Pennsylvania oil, July option
opening at SS4c; highest, 6SAc; lowest
6SAc; closing. 6s4c total sales, 1000 bbIs
The Post says: The export OF even $500
0O0 OF gold i'll the present condition of the
exchange market continued to excite great
deal OF comment, and suggest theories of
nnanClal necessities EurOna coll 70
sustain credit The shipment of gold and
sale of demand bills against it at 81 81 i'm
plies loss of 3s1OO of l per cent on the
dollar, and TO offset this it would require
that the gold should sell in London for a
premium of pence on the ounce, or say at
the price of 16 shillings, 6I2 pence