The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1895-06-05
Etmameinl.
Speculation WINS Quiet with Market
characterized by Firinness

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Speculation WINS Quiet with MarIsei
characterized by Firinness.
New York, June 4-Speculation at the
stock exchange was quiet during the
morning session and the market was
characterized by firmness. London
bought its favorites, but the amounts
taken We're far below the expectations
of the local bulls, Commission houses
were also moderate buyers for western
account and the pools in number of
the specialties We're active. AS re-
suit prices advanced from u to "a
per cent and the improvement was
well distributed,
The bituminous coalers were in good
demand on statements that the miners
in the Ohio districts were returning to
work. Following the early improve
ment speculation became very quiet,
and prices sagged off on moderate
selling by the professional traders. The
industrials led in the downward move
ment. Lead declined 18 from the best
of the morning, while the rest Of the
group fell off 55@1 per cent, the latter
in American Tobacco. Subsequently
Rubber developed great weakness and
on execution of a number of stop orders
fell from 471A to Al with a recovery to
441s at the close.
The decline in the railway share list
amounted to b@1B from the top fig
ures with Atchison and the Changers in.
front. The selling of the former was
accompanied by runlors Of the liquida-
tlon of a block by holders unwilling to
pay the assessment, while that of the
latter was based on a revival of reports
that the next dividend on Northwest
will be only 11s per cent. Reports of
good rains in the wheat growing dis
tricts and sharp decline in wheat,
however, served in measure to offset
the unfavorable influence of the selling
movement alluded to-, although the
granger stocks recovered but very little
at the close.
The feature of the late trading was
an active demand for Sugar, which re-
suited in an advance in the price of
1% to 11SA@11S44 The early selling of
Sugar was due to the fact that Have
meyer is about to sail for Europe, as
we'll as to a decline in the price for Ger
man graduated sugar, while the late
buying was on a movement of one of
the leading bears to cover up a large
line of short contracts put out some
days ago 1t is estimated that the pur-
chases by the operator in question ag-
gregated $4,000 shares. The flrmer tone
to sugar exercised a slight effect on the
remainder of the market, and fraction
al rallies from the lowest were recorded,
but in the final dealings the anthracite
coalers, Rubber and Cordage common
became heavy, the last named falling
to 21a, the lowest price on record, and
this served to retard the rally. New
England was in no way affected by the
reports that the New Haven company
had secured control of the road, The
stock ruling fractionally lower through
out. Some exceptionally strong features
were developed among the specialties,
such stocks as Minnesota Iron, Iowa
Central preferred and American Gable
advancing 1Q2A, the last named lead
ing On the other hand Pacific Mail,
Mobile and Ohio, Southern Pacific,
Tennessee Coal and Iron, and Ohio
Central preferred were weak at net de-
clines of 192 points.
The net changes for the day in the
active list showed declines of H@B,
Atchison leading. In the industrials
Rubber closed 2ss lower, while the
others were down H@5s outside Of SUI
gar, which advanced 49,
The bond market was irregular. Sales
were s1,s69,0OO,
Following are the closing prices re-
ported by Prince & Whitley. bankers
and brokers. as Broadway. New York,
and is Center street New Haven.