The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-14
MARKED DISPOSITION SHOWN BY
SPECTATORS TO REALIZE
ON STOCKS
STANDARD STOCKS ARE SOLD
Decided Strength Shown In Indus
trials Served to Steady the Mar
ket for "a Time, and Acted ms n
Sort of Cover for the Profit
Taking-Net Losses on Railroads.
Were More Than Point.
Bar silver, New York ........ 60h sos
Call money, New York;. .2Q2h 2Q214

NEW YORK, June 13.-There was a
marked disposition for an early period
in the day to take profits In many or
the stocks which have enjoyed a large
advance recently. This was evident, prac-
tically, in all the standard stocks, and
made itself obvious in the industrial spe-
cialties. The very decided strength mani
tested by a small group of the indus
trials served to stay the market for
time, and acted as sort of cover to
the proflt-taking sales which were fed to-
the market. The recent strength of Fed
eral Steel showed no abatement during
the early hours of the day, and many
stocks of the Flower group, notably
Brooklyn Transit and Peoples Gas, were
strong in sympathy: an advance In Met
ropolitan, Manhattan and Sugar helped to
keep up the prices The leadership of
the stocks gave place in the course of the
morning to National Steel, American
Hoop, American Smelling and Tin Plate,
the first named rising some points. The
awakening of activity In this group was
more prominent in trading than at any
time since they have been dealt in on
the local exchange, and seemed to in
vite realizing elsewhere in the list, and
a nearly break in Consolidated Gas was
followed by pronounced weakness in
Sugar. There was a late rally in Console
dated Gas, and Pressed Steel Car was
suddenly marked up to SIS, an advance of
over points. But no effect was APP
parent on the general list, which closed
active and weak at the lowest point gen.
orally today.
Net losses in the standard railroads are
for the most part between 1 and 2 points.
Sugar, which was traded in extensively,
lost nearly points on the day. There
is an element among the professional
operators which habitually buys Sugar to
realize the dividend and get rid of the
holdings between dividend periods The
selling from this source was an infiuen-
tial element in the weakness of that sock,
and by sympathy of the whole market.
Manhattan suffered some on the declara
ton of the regular dividend.
The strength of the steel stocks which
came to the front today was coincident
with the lively demand for National Steel
in Chicago, Pittsburg. Chicago, Cincinnati
and st. Louis, which continued strong,
but this was practically the only ex-
ception to the weakness in the railroad
list.
1t is probable that the prospects of
a poor bank statement on the coming
Saturday, when a large part of the with
drawals Of gold already made for export
will figure, will have it's influence In
prompting today's liquidation. No effect
was apparent, however, in the money
market, which continued easy, and there
was no upward tendency In sterling ex-
change, while there was a sharp fall in
the money discount rates in London The
pressure of liquidation was not heavy
at any time, but prices went down easily,
and there was no evidence of organized
support. >f--1sssE
Bonds were bearish on rumors of re-
verses in the Philippines. There was a
large demand, and some strength for
Reading, Colorado and Southern As and
the Wisconsin Central issues, both old
and new. Total sales, par value, So, $3.50, 600
United States Is declined Il and the IS,
new As and the IS " in the bid price.
STOCKS.
Furnished by Charles H. F. Smith &
Co., members of the New York stock ex-
change, Pioneer Press building, who have
special wires to Chicago and New York.
Closing prices are bid: -