The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-03

market and to stimulate activity In securi-
ties At the moment the position is that
professional dealers in Americans and
other speculative stocks are very hopeful
OF the public coming in, but the public
themselves are utterly apathetic. The
Paris and Berlin markets were dun"
New YORK, July "A veritable mid
summer dullness settled upon the market
Tor securities to-day and a further stem
was taken toward the stagnant condition
to which the market has seemed to he
coming FOR two days past. There was no
feature of significance or importance dur
ing the day, unless the hyperhondTiacs
view be adopted that the absence Of an
symptoms must itself be a symptom.
Dealings were very much smaller than
yesterday or for many days past varia-
tons were small and unimportant. ana no
animation was manifest at any point in
the market, The prospect Of only half a
DAY OF trading tomorrow, followed by a
double holiday, doubtless had its effect
In curtailing operations and discouraeine
ventures upon new operations. But this
was not alone sufficient to account for
the markets conspicuous loss Of tone and
apathetlc condition. The heavy uuuida-
ton of Monday and Tuesday was IN
doubtedly an indication of a widespread
conviction that the upward movement had
reached the limits Of safety for the pres
ent and to-days market showed even a
more marked disposition than yesterdays
tc wait Tor an adjustment to the new con
uilohs. The waiting and the semi-stag.
nation were accompanied by quite a
marked hrmness of tone In nearly all the
leading stocks
st. Paul continued the leader Of the
market in point of activity and was firm
and strong comparatively, in spite of sell
ing OF stock for London account. This
STOCK mas been gaining on Burlington all
week and to-day overlook and crossed It,
closing above II, with a small net gain
while Burlington suffered a small loss
This was in consequence of the continu-
alton of the movement on the part Of
dealers to transfer their holdings from
Burlington into St Paul. None of the
leading stocks ranged as widely as
point, except Sugar and the leading indus.
trial stocks and some of the coalers. The
general market conditions remain I'M
changed, though the addition Of dividend
and Interest disbursements 10 the already
existing surfeit Of money has not resulted
IN the stimulus to speculation which was
hoped for. The narrow movements In to-
days market were to a large extent due
TO professional manipulation, such re-
suits being easy Of Accomplishment In
such restricted market The total sa les
OF stocks to-day were 1S352S shares, in
Guiding the following: Sugar, Is, 400; Bur-
nHseOl anu quincy n,fOi Chicago Gas,
1900: Manhatton Consolidated 5000, and
st. Paul, Al 200
The bond market developed a fair degree
OF activity, but values were little changed
except In few instances, in which special
Influences operated These are generally
conferred In the leading mortgages, but II
Is worthy of note that no transactions
were registered In Northern Pacific 5ds,
winch usually absorbed considerable OF
the dealing. The aggregate sales were
M,424,OOO. Governments were steady on
light dealings, aggregating 81 800.