The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-16
EASTERN MARKETS.
NEW YORK STOCK MARKET

NEW YORK. June 1.-THE public continued
h hold aloof from the stock market and deal
ings to-day were almost wholly professional
There was the sen1tbance of strength at one
time, due to sympathy with ~ activity in a
small group OF specialtes whith were bought
by large interests more less, identified with
them. Prices Of the group werE advanced and
the traders bought the gener;" list, causing
small advances all around. But the rise failed
absolutely TO invite any outside buying and
the supporting tactics abandoned during
the day. The listless condition that ensued
was such to invite bear aggression. But
the bear party apparently suffered from the
seasonable- lassitude much the general
public, and their operations were not pursued
with any Vigor or determination. However,
the gains at one time established prac-
tically all wiped out before the close and net
losses are the rule, but the rest of them be
ing restricted to fractions. Sugar ruled above
four points. but closing with net gain Of
only rs. The Federal Steel stocks, Brooklyn
Transit. Peoples Gas, Manhattan and Con-
soidated Gas also enjoyed their period Of
strength. There was an early break in the
Denver and Rio Grande stocks and Colorado
Fuel weakened late in the cay on account of
the labor troubles the new eight hour
law in Colorado American Smelling stiffened
two points on few isolated transactions, the
officials of the company processing TO feel no
uneasiness over the strike, and alleging that it
came at a good time. American Car showed
losses Of three and points respectively for
the common and preferred stocks, and P c. c.
and ST. Louis moved in an erratic manner
three points over yesterdays level The belief
that the outward gold movements have not
yet concluded ADDED to the Discrimination to buy
stocks
The preliminary trade statement of the Treas
ury 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 TO the extent of something over IS 600 600
But the exports in June of last year showed
a heavy decrease from the May exports and
the June exports for this year, which are
running much nearer to last years level may
bring the total exports for the fiscal wear IN
10 last year s unprecedented figures. The con-
tinued high level Of imports. compared with
those OF last year, viii cause a marked diminl-
ton in the countrys favorable trade balance
for the fiscal year. But il is evident that the
balance win be between twenty and thirty.
millions over half billion dollars which is
except 1885. Wall street is still puzzled to
decide whether this enormous credit balance
has been all lquidated by buying of our own
securities from foreign holders, and the mys-
ter surrounding the gold movement has added
the puzzle Railroad bonds continue To show
many declines being shown on the days bust
ness. Total sales. par value, s., 67s, O0O
United states old IS coupon advanced Il in
the bid price.
Total sales of stocks to-day were 1856 sO2
shares. including: American steel and Wire
Atchson preferred, 1900 Brooklyn Transit
z9. 300; Burlington, i, 600; Consolidated Cas-
800: Federal Steel. &c. 200; do preferred g300,
Denver and Rio Grande preferred 800: Man,
haitian, IS 200; Metropolitan Street RAILWAY
6500 Missouri Pacific. 500; New York Central
32G0; Northern Pacific 1900: Peoples Gas II 20.
Reading first preferred. $780, Rock Island 4e0G,
St. Paul, 400; Tennessee Coal and Iron 3700,
United States Rubber 5000; Wisconsin Central
preferred, 3400.