New-York tribune., 1896-06-04
CLOSING PRICES OF BOSTON STOCKS

Wednesday, June 3-o. m
No distinctive tone prevailed in stock trading
to-day There was neither animation nor ma
terial change In prices. last quotations sho"Nhs
an equal distribution OF small net gains ana
Losses. Early weakness was followed by rally
due to covering by traders and toward IN" close
a break in American Tobacco had an unsettlins
effect upon values. although there was no press
ure 10 sell The declines yesterday brought out
no long stock to-day and II Is well TO bear In
mind that practically 10 pressure OF long stock
has developed during the days OF dulness and
uncertainty There various favorable
factors to-day such as reports OF a heavier grain
movement better railway earnings and reduce1
gold exports for Thursday. but none OF these had
any effect whatever upon the market. KocK ISL
and for the month Of May showed an increase
OF S34 029 and 81. Paul one OF Sll3,JSV' wh'e
number of other roads gave far better moh'hN
returns than had been expected The Granger
sharoe and the general railway list were, IS a
rule firm without noteworthy change; Chicago
St Paul Minneapolis and Omaha making the
only change above per cent among the railway
shares Its change was loss Reading was
somewhat heavy. due perhaps to the onciai an
nouncement that the road would positively be
sold at foreclosure. Sugar Refining was as usual
tho leading active stock at a small net gain.
with American Tobacco SecOHu, "Hiie '|'"''''
preferred made Zip a part OF It's loss OF yesterday
on transactions reaching less than 1000 shares.
Landau sold St Paul and Louisville In moderate
amounts. but the arbitrage operations IN this
market were too small to have any effect Total
e,les were 1864 shares. against lO' ,NVZ yes
terday. 80 A., CIT,
The buyinR Of silver certificates on the STOCK
Exchange and the general activity In the silver
rcnrket are apparenty due to the demand Tor
the white metal from England and the decrease
in the visible supply here. The exports OF SILVER
from this country from January 10 June ag-
aregafed in value $50 i34. 600. against about
81 9 92S 900 in the same time in lSNl and Nl:-
36S 900 in the corresponding period In 1914
England is exporting the metal IN large am0uh,s b
10 Russia and Japan. while the demand Tor IL IN
France Spain, India and China shows an In
crease over last year. Then II must be remem-
ber,d that there has been large railing OF IN
production in the last few years and that specu-
lators are now beginning to realize THIS factor.
January declining to 67ts; in February 1t reached
10 and to-day 1t sold at DlG9tz. London Is
offertng small premium for deliveries or silver
bullion three months from now. TRANSACTIONS
in silver bullion certificates on the STOCK Eh-
change to-day amounted TO lao representing
14O 600 ounces OF the metal at O30O3i2. Specu-
lators in silver lay considerable stress upon the
present movement as due to the increasing Sill
Yer element in tho Democratic party: IL must
no horne in mind, however. that the demahu III
Furope for silver for It's own export purposes -
hea vicr at certain periods Of the year, ana that
the present demand is based upon actuai REQUIRE
ments although doubtless the present wave Oh
sIlver sentiment which may control the Demo
cratic National Convention has some innuthce
nnon tho metal from speculative point OF view
r(ros,nr nrices to-day OF number or active
stocks compare with yesterdays as follows;