The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-15
PROFESSIONAL BOARD ROOM
TRADERS WERE KEPT IN A
VERY UNSETTLED STATE
CONDITIONS WERE PUZzLING
Covering by the Shorts and Large
Buying of Some of the High
Priced SpeciaIties Carried Prices
Generally Above the Previous
Nights LeveI-Weak Spots Were,
However Quickly Developed.

NEW YORK, June 14-The professional
board room traders, whose effort it is to
keep in the current of events for
short turn in prices, were kept In
very unsettled frame of mind today, by
the frequent ebb and flow of prices, and
they were left in a state of confusion
at the close, under the puzzling conflict
of currents in the market. Some rather
large interests evidently took their prof
its on the recent rise yesterday, and haV-
ing done so were ready to ayoW the
fact this morning. This brought con-
siderable following from outside sources,
and the commission houses were sellers
of the general list. But the bears who
sold stocks frequently in the late furry
yesterday were buyers at the Decline for
the purpose of covering their short con-
tracts, so that belated liquidation was
pretty well absorbed. In fact the cover
ing by the shorts and large buying of
some of the high-priced specialties car
ried prices generally, after the opening,
above last nights level. But weak spots
began to develop, notably in Sugar, Met
rcpolitan and the Smelling stocks, the
latter on the prospect of labor troubles,
and general selling movement set in.
Anaconda, Continental Tobacco, P. c. C.
& st. L., B. & o., Colorado & Southern
first preferred.
International Paper and the Steel
were all special points of weakness at
different times during the day. On the
other hand the Flower Specialt1eS, eS
pecially Brooklyn Transit and Federal
Steel, were we'll sustained and showed a
disposition to advance. Sugar, after an
early decline, developed an upward ten
dency, and rose an extreme six points.
Manhattan was another center of
strength. This deferred the bears from
making near ventures on the short side,
although the carly advances were not
we'll maintained. The market was, in fact,
waiting one, and fell into extreme dull
ness in the late day. The close however,
was comparatively firm. Only a few
stocks showed net gains. fractional net
| losses being the rule. The expected divi-
dend declaration on Northern Pacific COM
2 O clock, gave that stock some strength.
Otherwise the grain-carrying roads were
inclined to heaVineSs on account of talk
of sarm done by the rains.
Ne banks were rather more exacting
in granting loans called during the day,
and this led to more attention being
given to the outlook in the money market
| The conditions are much easier in Lon
don, where liquidation in the stock mar
ket was beneficial, and this lessons the
prospect of further immediate out
flow of gold.
There was a reactionary tendency mani
fest at some points in the bond market,
and the volume of business done was only
moderate. Total sales, per value, $685.
600. Government bonds unchanged.
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: