Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-18
STOCKS HELD TIGHTLY.
BIG GOLD SHIPMENTS FAIL TO IN
DUCE MUCH SELLING.
Feeling-New England Goes Dowr
Again-Operators Still in q Waiting

Tho Movement Checks a Promising Bull
Feelins-New England Goes Down
AgaIn-operators Still in a Waiting
Mood-oniy Three Active Shares.
New YORK, June 1.-THE stock market to-
day was affected principally by the ship
ments Of gold. but, as heretofore, the influ-
ence was only to restrict trading, though
how much further the promising upward
movement might have gone had there been
no gold shipments, is matter OF opinion
entirely. The fact was demonstrated. how
ever, that such an outgo, making over 81. .000-
600 for the week, does not cause selling Of
stocks to any appreciable extent The mar
ket, however, was narrow from the very
opening, and during the whole forenoon
there were only three really active stocks
st. Paul, Distillers' and New England-and
in each of these the demand from the shorts
was most noticeable, while in but few other
stocks was there movement OF importance at
any time of the day.
New England made one of its retrograde
movements after the dullness in the general
list and the check to the advance had
brought sagging of prices, and the bears
became active in Northern Pacific pre-
ferred, with the result Of depressing it ma
terially. The influence of the movements
was hardly seen in the rest of the mar
ket, and dulness and stagnation marked
the trading in most stocks the greater part
OF the day.
Operators are still in waiting attitude.
The market is, there tore, still extremely
sensitive to adverse influences. Should the
gold movement assume such proportio MS
that the surplus reserve of the banks would
be brought down to figures which would
cause an appreciation in money rates, seri-
Gus disturbances of values would occur.
This, however, seems not likely to come to
pass.
Tho buying to-day was largely for Chicago
account, with some help from London: and
while there were some realizations, causing
the late trading developed a strength under
renewed buying for the long account which
carried most of the active stocks to the
highest prices OF the day. st. Paul, in fact,
SOLD higher than it has in years. and though
Northern Pacific preferred and North
American, which met some selling orders,
were weak throughout, most of the list
closed at the best prices OF the day.
The Industrials were moro active and
stronger than usual of late. The market
closed quiet but very firm, generally at frac-
tional gains for the day. The tran actions
reached 2O3, ,s74 listed and IA sl3 unlisted: St.
Paul furnished 45, S75 and New England "a 53O
The total sales OF stocks to dav were 2lS,-
6s6 shares, including Atchison, 4so; Chicago
Vile, s, ,6OO Northern Pacific, $50: Northern
Pacific preferred, 1910; New England, 81, $40;
Reading. 200: st. Paul, 45,s75; Wheeling and
Lake Erie 4,400.
Railroad bonds were unusually quiet and
little charac acter marked the dealings. The
sales reached only 81, ,060, 000 with no special
animation in any issue.
The Following table shows the prices Of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for the DIsPATCHby WHIT
NEY STEPHENSON, Oldest Pittsburg members of
the New York Stock Exchange. 81 Fourth avenue: