The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-16
ListIeSs Condition of the Market On
New York Exchange.
WAS LITTLE STRENGTH
SMALL ADVANCE FAILS TO IN
VITE OUTSIDE BUYING.
Labor Troubles In Colorado Causes
Early Break In Some Stocks-TU-
tai Exports For Fiscal Year Fall
Below Those of Last Year TO
Amount of About $5,o0o,Oo0.

New York, June 1.-THE public contin-
ned 30 hold aloof in the stock market
and dealings today were almost wholly
professional. There was the sembidnce
of strength at one time, due TO sympathy
with the activity in small group o.
specialties, which were bought by lar-e
interests more or less identified with
them. 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 supporting tactics
were abandoned during the course of the
day. The listless condition that ensued
was such as to invite bear aggression,
but the bear party apparently suffered
from the seasonable lassitude as much as
the general public, and their operations
were not pursued with any Vlgor or de-
termination. However, the gains at one
time established were practically all wiped
out before the close and net losses are
the rule, but the rest of them being re-
stricted to fractions. Sugar ruled above
yesterdays level rising at one time near
~ points, but closing with net gain or
only Ia The Federal Steel stocks,
Brooklyn Transit. Peoples Gas, Manhat-
tan and Consolidated Gas also enjoved
their period of strength
There was an early break in the Denver
& Rio tsrande stocks, and Colorado Fuel
weakened late in the day on account of
the labor troubles over the new eight
hour law in Colorado. American Smelling
stiffened points on a few isolated trans
actions the officials of the company
protesting TO feel no uneasiness over the
strike and alleging that II came at a
good time. American Car showed losses
of 3 and . points. respectively, for the
common and preferred stocks, and Pitts
burg Cleveland, Chicago * st. Louis
moved in an erratic manner 3 points over
yesterdays level. The belief that the out
ward gold movements have not yet con-
Guided added to the Discrimination TO buy
stocks
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 or last
year at the end of May to the extent OF
something over $4,000 But the exports
in June of last year showed heavy de-
crease 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 1iscal
year up to last year s unprecedented 1lS
ures The continued high level of imports
compared with those of last year viii
cause marked diminution in the coun-
try's favorable trade balance for the fis
cal wear. But it is evident that the bal
ance will be between $20Olo.pG9 and go
900 600. which is far above the record OF
any previous year except 1885 wall street
is still puzzled to decide whether this
enormous credit balance has been LIQUID
ated by the buying of our own securities
from foreign holders. and the mystery
surrounding the gold movement mas add
ed to the puzzle
Railroad bonds continue to show SYM
pathy with the heavy tendency in stocks.
many declines beliS SiiONH oAA lllt
business. Total sales par value 81. 679 900.
United States old As coupon advanced Il
in the bid price.
The total sales Of stocks today were
$50 9N2 shares. including American Steel.
1900; American Sugar. $500: Anaconda,
. 600: Atchison preferred. 1900: Brooklyn
Rapid Transit. 1890: Burlington, 1900;
Consolidated Gas. 300: Federal Steel.
&c 700: Federal Steel preferred. $500; Den
Yer & Rio Grande preferred, 5.IeO; Man
haitian. Is. go: Metropolitan Street Rail-
way. $500: Missouri Pacific. 500; New
York Central 300; Northern Paclflc.
4 500: Peoples Gas of Chicago. 11-7O0;
Reading first preferred. $500; Rock Island.
4 coo: st. Paul. 1890: Tennessee Coal &
Iron. 8. 700: United States Rubber, $500;
Wisconsin Central preferred 3. 400.