The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-04
STOCKS UNSETTLED.
Professional Spectators Made
Raid ON the Market That
Counted.
FINANCIAL SUMMARY.
Prev.
Close. Day.
Bar silver. New York. sos 5S%
Call money, New York.1A@1k 11k@2

NEW YORK, June 3.-Professional specu-
lators on the bear side were very alert to-
day, attacking first one point and then an
other In the list, and keeping the stock mar
ket very unsettled. In the final hour there
was move all along the line which effect
ually broke all prices, leaving only few small
that had been pushed up in the earlier trad
ing: In all the prominent stocks, even Sugar,
which was the leader Of the market, gains
were practically wiped out, and in some cases
net losses amount to over two points. The
pear drive was accompanied by considerable
beating OF tom toms and diffusion of alarm
LIST rumors and ostentatious fears of the eff
feet of the senate's vote for the coinage of
treasury silver.
The days trading opened with the condi-
tons in yesterdays market rather empha
dividend-paying stocks showing some effects
from the proht-taking and the middle and
lower lower grade stocks well supported by new
ers were pretty well absorbed, and it was
evident that funds realized by selling these
STOCKS, instead OF being taken out Of the
market were simply being diverted into 9TH
er stocks. which have not as yet advanced
conspicuously in price, The realizing in the
grangers and some OF the high-priced spe-
ciaitles, however, caused them to drop some
what and made them vulnerable to attack
London followed the New York lead and sold
t the hlgh-priced stocks and bought some Of
the low priced internationals.
The preferred stocks of reorganized roads
were in especial favor, Union Pacific pre-
ferred and Northern Pacific preferred being
conspicuous examples. Sugar was a strong
sustaining force, and rose at one time 21S
points, but saved only the fraction The To-
cal traction stocks were markedly weak all
day. wen al
Money continues in superabundant supply
and rates continue to decline. New York ex-
cnange mas gone to sharp premium at Chi
cago, indicating current of funds to this
center. and New York banks continue to
gam largely also from the sub-treasury Sill
yer ,1 SOLO today at $3.50, the highest point of
the year, the demand coming from Spain
:, bonds were strong in the early dealings,
put nut the specu. alive issues yielded in sympa,
rs registered, both of 1907, and 1925 advance
~ while the SIS registered declined Il in the
bid price. 20 - INC
Total sales of stocks today were 597 500
shares, including: 6,3O5 Atchison, "a. $50 Atch.
1son preferred, s,407 B. & O., 1920 9. &
Q, 4, S37 Burlington, $3.50 c. c. & st. Louis
$3.50 Denver & Rio Grande preferred SS5i
T. N. 1920 Manhattan, 5 935 Me ropo. ian
"a ,1l5 Reading preferred 1866 Missouri Pa
enc, 12,O05 M X. & T. preferred. 4635
!. G., 4,225 Northern Pacific. 24.lSj Nor h arm
Pacific preferred, 1850 Reading 25.550 Rock
Island, 1855 st. Louis & San Francisco I'd
preferred, 34,250 St. Paul, 5O25 Sou n rn
"a 4sS Southern preferred, 3, 400 Texas & Pa
enc. o. 6s4 Union Pacific preferred 1890 Wa
oash preferred, 5000 Tobacco 1274O Ch;cag,
Great Western, 24,250 Peoples Gas, 1928
General Electric, 45, 1863 Sugar, 4065 T. c. e +
me following were the fluctuations of the
leading railway and Industrial shares fur
n1shed by Z. II. F.. Smith & Co., members
New York stock exchange and Chicago hoard
of trade. -o"oo oo"iu