The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-08-01
Eima,trtal.
THE STOCK MIRKTT.
Closes Weak at About the Low level of
the Day.


New York. July 31-Some animation
was given to the closing dealings In the
movement Of prices engendered by the
upward squirt in Union Pacific and the
realizing In Sugar The break in Sugar
proved the more effective in its influ-
ence. and the market closed weak at
about the low level of the day, after
having shown considerable gains in
many stocks at an earlier period, The
| trading was dull and continued entirely
in professional hands. The early
strength was reflected to some extent
from the foreign stock markets, which
showed decided relief over the more re-
| liable tenor of the news of the safety OF
the ENJOYS in Pekin. The small COM
mitments on the bear side put out yes
| terday were closed up helping on the
rise. A number of statements of rail-
road net earnings for June published
over night were factors Of strength
This was notably true Of the Pennsyl-
vania report on account Of the extent
of territory covered by it's lines and the
exceedingly varied character Of it's traf-
flc, which makes it's statements valued
as accurate reflections of general condi-
lions in the railroad world. The stock
of the company advanced TX under this
influence, and the price was well held
through the later vicissitudes OF the
market, affording rather striking con-
trast to the Indifference with which
June reports of some other railroads
were received. The large net increase
shown by the Atchison system did not
avail to hold the stock, and Burlington,
after rising sharp fraction, fell below
last nights level on realizing when its
statement appeared.
The 2 per cent. semi annual dividend
on Union Pacific has been counted up
on with certainty, on account of the
authoritative character of the promises
made. The dividend action was imrne-
diately followed by large and aggressive
buying for inside interests which car |
risd the stock up 49,. This strength was
ineffective in pulling up the rest of the
list, in which the high level of the morn
ing had been awaited of to renew yes
terday's realizing movement. Sugar fell
abruptly to 1909, an extreme decline of
4, and American Tobacco suddenly
dropped points in sympathy. Metro
politan showed marked weakness and
the whole list fell to the lowest. Union
Pacific Welding a fraction There was |
pf
between the friends Of Union Pacific |
Baltimore and Ohio on account of at
tempts on the part of bulls on Union |
Pacific and bears aon Baltimore and |
Ohio to draw unfavorabe comparison
between the price of Union Pacific |
with dividends declared at the rate of
per cent and Baltimore and Ohio with
dividend action vet to be taken. Brook
lyn Transit continued rather active to-
day, but the movement was not wide
an dthe stock saves a fractional net
gain There was slightly firmer tone
10 sterling exchange to-day, In spite Of |
shading of London discount rates |
The question Of gold exports this week
remains undecided, with to-day's condi.
tons against the probability.
Total sales par value 1882 900 The
bond market was armer TODAY. but
very dull. United States refunding 9s
when issued, declined Y and the Sc. old
4s and 5s Il at the last call TODAY
~ NEW FORK STOCK M4RKET.
y |
opening, Highest, Lowest Quotnttons
On the New York Stock Exchange. reported
by Prince & Whitley, Brokers, Is Center
Street, New Haven: