The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-20
DULLNESS In STOCKS
DEARTH OF TRADING IN SECUR-
TTIBs CONTINUES THE FEA-
TURE OF Tho MARKET
NEGLECT IN ALL cENTERs
That Was the Report That Helped
the Bears In Their Repeated At
tncka Upon the FavOrite SecurI-
tieS-There Were Evidences OF
Bull Manipulation, but What Was
Gained EARLY Was Lost Later,

NEW YORK, July 1S.-The intense
dullness of the stock market continued
10 De the main feature of the trading
today, as for some time past Not only
was 1t true Of the New York market,
out OF the continental and London mar
kets, as we'll, and speculation at different
exchanges in the United States was re-
ported In the same dull and neglected
condition. The whole speculative world
maintained its waiting attitude Many
factors which have been adduced to &C.
count for the situation have been sue,
cessively eliminated and the hesitation
still persists.
The bears took some heart Of grace
from this continued disinclination to ad-
vance and made cutie a vigorous attack
on the New York market late today
Earlier gains in some of the specialties
were wiped out, notably in the Tobacco
stocks, in Sugar and in Steel and Wire
and the whole market dropped to the low
level of the day. Missouri Pacific and
Wabash led the decline the latter with
net loss of 112 The grangers all weak
ened perceptiblv, and Atchison preferred
was notably heavy in tone. Brooklyn
Transit lost the greater part of yester-
days gain and Manhattan dropped a
point below last night. Metropolitan, on
the contrary, resisted the declining ten
dency and closed unchanged. Federal
Steel fell away heavily 2 points in the
late trading, although the public an.
nouncement that the judicial injunction
against the distribution of the dividend
on the stock was continued, was not
made until after the market closed. New
York Air Brake made meteoric dis
play on yesterdays judicial decision af.
f1rming the validity of one of its patents.
The stock opened up II points and then
fell 20 points and closed with a net de-
cline of 1 point. The close was at 200
bid and 220 asked.
The market enjoyed a period of some
strength early in the day, but the trans
actions were on such a small scale as to
lend little significance to the movement
of prices. Money continued to work
rather lower, but it is still above the
rates at other domestic centers. Fears
of the gold movement seem to exercise
reflex influence between London and
New York. New York is In fear that
the money stringency in London and on
the continent will draw gold from here
as our rates work lower. London is in
fear that the coming export movement
of merchandise from the United States
will emphasize the stringency abroad
and so prolong the stagnation of specula-
ton. The consequence is a waiting at
titude at all points.
Bonds were intensely dull and prices
moved sluggishly in both directions. To-
tai sales, par value, $1,S61, 0OO United
States threes, coupon, advanced Is, and
the old tours, regular, and the new fours,
registered, u in the bid price.
STOCKS
The following were the fluctuations of
the trading railway and industrial shares,
furnished by c. H F. Smith & Co., mem
berS of the New York stock exchange and
Chicago board of trade: