The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-17
SALES FOR PROFITS
HEAVY REALIZING A CONTINUED
FEATURE OF NEW YORK STOCK
DEALINGS.
GOOD RESISTANCE SHOWN.
Ell LOSS IN THE GENERAL LIS
CONFINED TO SMALL FRAC-
TIONS.
SHOWN.
BONDS WITHOUT SPECIAL FEATURE
Values Well Sustained i'm Most Of
the Leading Lines With SpecuIa-
tive Issues Lower.

NEW YORK, June 16.-Today was marked
by a continuation Of the heavy prof1t-tak-
ing which was q feature Of yesterdays trad
Ing, and though the day closes with the
prices of many of the most prominent stocks
below yesterdays closing prices, the average
decline is small, showing good resistance to
the large selling. There were times during
the day when prices rose sharply above yes
~terday's closing, but the higher level invited
realizing in each instance. There was a con-
tinuance of the good commission house buy
ing which has been a feature for some time
past and which s~ustains values with remark
able firmness. The short interest, however,
seems practically eliminated from the market
and the needs of this element, which usually
serve to strengthen an upward movement,
were not a factor. The utter Gullness of the
dealings in London ON account of the jubilee
festivities also withdraws a stimulating factor.
The announcement that Japan had filed a pro-
test at Washington against the annexation
Of Hawaii now in process of negotiation had
an influence ON the selling to some extent,
though this influence was largely sentimental.
The movement of special stocks had a
sympathetic effect on the market, which
was more important than that of general con-
ditions. Sugar was strong on the votes yes
terday in the senate, dispos,ng of the sugar
schedule, but was later depressed On the
news that the treaty for the annexation OF
Hawaii had been signed by Secretary Sherman
and the Hawaiian representatives. This stock
was dealt in today eX dividend. Chicago Gas
was also very active all day and showed the
effect of large purchases by inside interests.
The early advance was practically wiped out
in the later selling movement. The coalers
advanced early, Delaware & Hudson to the
extent of a POINT, but the bears raided the
group and worked recess:ons in New Jersey
Central Of two points, Delaware & Hudson
rs and the Reading shares nearly a point.
Leather preferred advanced IA, but subse-
quensly reacted. Big Four sold at &c, COM
pared with 70 the last sale. The fall is due
to the passing of the dividend. The early adj
vances were lost and fractional net losses fol-
lowed all through the list. The decline ex-
tended to a point or over in Northwestern,
Louisville, Missouri Pacific, Northern Pacific
preferred, Tennessee Coal, Western Union.
The bond market displayed little feature
bU. values were we'll sustained for the
leading liens. In the final dealings the spec
ulative issues tended lower. Sales, $1,26l, GGU.
Government bonds were quiet but firm. Tran
sactions, $12, 000.
The total sales of stocks today were 233, 522
shares, including: Sugar, 46,O00; Burlington,
IA, 300; Chicago Gas. 81 400; L. & N, $500;
Missouri Pacific, 4.000; Northwestern, $500;
Northern Pacific pfd, S.40O; Reading, 5,109;
Rock Island, 300; st. Paul, IL, 200; Western
Union, TOO; Southern pfd, $500; N. ]. Gen.
tral, 100.
The following were the fluctuations of the
lead Dg railway and Industrial shares fur
nished by c. II. f.. Smith & Co., members
New York stock exchange and Chicago board
Of trade: