The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-30
FINANCIAL AND COMMERCIAL
THURSDAY. June 20.

A degree Of irregularity In the stock mark et
to-day was not unnatural after the steady i'm
provement In prices since the beginning OF the
week. The opening was strong in response "a
n fairly buoynnt market for American securi'
tics In London and the execution OF some or.
ders hero ny foreign arbitrage houses. The
extent OF the recent advance. together with
the near approach to triple holiday. in
duced n good deal OF profit taking. Besides,
the bearsh element furnished evidence. par
tcularly In the local traction stocks. that II ID
not yet disposed TO abandon it's position. The
advocates of lower prices for those stocks In
sist that labor troubles are impending on the
surface roads Of this CITY aud Brooklyn in splto
OF Trustworthy denials that such q possibility
exists from the employees and from officers
Of the two com panes. Brooklyn Rapid Tran
sit declined nearly points. but sub
seouently recovered. 30 that 1t closed only
fractionaly lower than yesterday. In Metro
potan Street Railway a similar record was
made. Manhattan Railway. which was dealt
in more extensively than either Of the others.
first enjoyed an advance. which was well main
tanned for Il time. but it finally sustained a net
loss OF nearly 2 points Rumors OF favorable
developments affecting Manhattan Hallway
were abundant. hut lacked confirmation.
Tho pretrninent feature Of the market. as for
ssyeral days past. was the activity In the
standard or more popular railway shares and
as a rule, at higher prices. Atchison preferred,
Rock Island. Louisville and Nashville, Mis-
souri, Pacific. New York Central and Norfolk
and Western preferred were exceptionally
strong: and. notwithstanding reaction
in prices In the late trading all OF
them except New York Central closed
fractionaly higher than yesterday. The
engagement OF $2.OO0.0OO gold for ship
mont to Paris on Saturday and furry in the
call money market caused by the calling In Of
money by corporations that will have to
use their funds in making interest and
dividend disbursements on Saturday. In
Huenced selling by professional operators.
The probability that Saturdays bank state
mont will show loss In lawful money
OF about $5.000.o00 was also a factor
Saturdays shipment OF specie will make the
total OF the present export movement SIT 49,
600 As the transaction Is not warranted by
tie rulins rate OF exchange 1t is reasonably
assumed that the Bank OF France has given
the bankers making the transaction an Induce
ment TO transfer the gold.
An event Of considerable interest will take
place at the end OF the current calendar six
months. namely. the return Of the Baltimore
and Ohio system to it's security holders This
reorganization having been virtually COM
pleted the receivers will DO discharged at mid
night to- morrow. The work OF rehabiitating
y,
and four months. has placed It in better condi-
ton financially and physically than ever
before in It's history. When the Baltimore and |
Ohio Southwestern road has been absorbed by |
the parent company. as II will be within the |
next two months the Baltimore and Ohio sys- |
tenn will be we-rounded and efficient COM |
binaton OF railroads. with an earning power |
that should place the securities upon basis |
satisfactory to all who have invested in them.
New York Stock Exchnnge-SaIes June 20. !
UNITED STATES AND STATE BONDS I'm ST .O0os).
US IS. l0SA
CLOSING PRICES OF UNITED STATES BONDS.
Bid. Askrd. Bid. asked.
IN st IS Tn st 4s,r.
at pl GlOl 1925. ! 2eIe 1905
US3s 1908 Tn st 4s,c
1913. r.. 1854 1924 1H25.....loeH 1907
US3s 1903 Tn st 5s.r
1913. c.1OsA 1904 1904 lies 1928
I'm st -, r. I'm ct js. c.
lao7.....l en- J PA 10o4....l l2% l2h
On st As. U S3.d5s.r.
Ipo7....ll314 ll1k 1924 DCll0
RAILROAD AND OTHER bonds I'm Sl,OOOsL
o5 Atch adj <s... s1ls ANA stLr4s eSH
1OS .............. S4a rs ................. qss
q g Atch gen 4s....lO2A ID ................. 90
! 2 .................lO3 IGN wsECh As. esh
26 .................lO 2N 3 ................. 0S |
! Am NJ Is. 90,f g No. T OF
5 Ann Arbor Is. 05 Tex s......,. 90 |
8 Atch c lst'tr o3 0 Man Ry%s.....loeE
! ................' GIN y NO Pac cn...... l7h
6 8 b l. o 3xs.,..lOO 8 .................ll7A
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! ia o. s.....lolA bs........... o3A
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..... ............l 0lA Mil h LSex 5sl25A
/ b. oCk s5s...l Ooh IL NPprior 4s.lO5x
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o Ches oR&A 4................ 671t
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S C.B& Q deb ISL | 2h 3.............. o6L
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g petM& MI Z. 10 2Sopof Cal en-
&THgnl5s .lO3 sss1o7A
81 Erprior DDS. od}s SO p OF Arr lstll5
80 .'...,''''..'.'' 20 StP&S lat 1922
Do fr lien a'as "a 8 StP&Ma en- 4tssl loL1 |
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32 '''''''''''..'.'' 7AS 66 ................. 95h
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