Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-16
STOCKS LISTLESS.
GAINS AT ONE TINE ESTABLISHED
WIPED OUT BEFORE THE CLOSE.
NET LOSSES ARR The RULE.
Sugar Rules Above Wednesdays
Leyel-Trade Statement shows nm
Enormous Credit Balance, In spite
of Heavy Exports.

NEW YORK June 1j.-The public con-
tinucd 10 hold aloOf from the stock mar
ket to-day, and the dealings were almost
wholly professional. There was a rcsem-
bance to strength at one time, due to
sympathy with the activity in a small
group of Specialties. which were bought
by large interests more or less Identified
with them. The prices OF the group were
advanced. and the traders bought the
general list. causing small advances all
around. But the rise failed absolutely to
invite any outside buying. and the sup
porting tactics were abandoned during
the course Of the day. The listless condi-
ton that ensued was such as TO invite
bear aggression, but the bear party APP
parently suffered from the seasonable
lassltude as much rs the general public.
and their operations were not pursued
with any vlgOr or determination. How
ever. the gains at one time established
were practically all wiped out before the
close. and net losses are the rule.
Sugar ruled above yesterdays level,
rising al ono time nearly points, but
closing with net gain Of only rs. The
Federal Steel stocks. Brooklyn Transit.
Peoples Gas. Manhattan. and Console
dated Gas also enjoyed their period OF
strength. There was an early break IN
the Denver and Rio Grande stocks and
Colorado Fuel weakened in the day on
account Of troubles over the new eisnt-
hour law in Colorado. American Smet-
| ing stinened . points on a few Isolated
transactions the officials OF the company
| protesting 10 feel no unCasiness over the
| strike. and alleging that II came AT d
! good time. American Car showed losses
| Of and points, respectively. Tor the
| common ana preferred stocks, ana PITTS
! burg; Cleveland, Cincinnati, Chicago ana
| ST. Louis moved IN an cratic manner ;
| points over Yesterdays level The bellel
| that the outward gold movement Is not
get concluded added 20 the Discrimination
| to buy stocks.
BALANCE OF TRADE.
The preliminary trade statement Of the
| Treasury Department for May discloses
! that the total exports for the fiscal year
! for the first time fell below those OF last
! year at the end Of May 10 the extent Oh
| something over g., 10000 But the eX-
| ports in June OF last year showed n
| heavy decrease from those OF May so
| that the June exports Tor TINS year,
! which are running much nearer 90 last
| for the fiscal year up To last years unpr"-
| cedented figures. The continued hgh leVel
! of imports. compared with those OF last
| year. will cause a marked qlnluulloH III
! the CONntrNS idNofdblt iiHH' p'il'ii'-
the fiscal year but il is now evident that
the trade balance will be between twenty
and thirty millions over half billion
! dollars. which is far above the record OF
any previous year. except 1898.
Wall Street is still puzzled 10 decide
whether this enormous credit balance
has been all liquidated by the buying OF
! our own securities from foreign holders,
| and the mystery surrounding the gold
| movements has added 10 the puzzle.
| Railroad bonds continued TO show sym
pathy with the heavy tendency in stocks
| declines being shown on the days bust
| ness. Total sales. par value, $56SIWV
| United States old Is. coupon, advanced
| / point in the bid price.
Total sales of stocks. $4,000 shares in
cludi.g 1.7G2 Atchison. preterred' 100
Chicago. Burlington and Quincy; 6lU.
| Denver and Rio Grande, preferred; lS'l@
! Manhattan: $40 Metropolitan street
| Railway; $50 Reading, first preferred
: ZOO Missouri Pacific; l4.lOO -. Paul; 40,
! American steel and Wire; 36.6Sj Federal
! steel. q. 26j Federal steel. first preferred
II GO PEOPLES Gas; 1926 Brooklyn RAPID
! transit: 1880 sugar; 9,945 United states
| Rubber.
MONEY AND EXCHANGE.