The Saint Paul globe., 1900-06-13
SMALL CONTINGENT OF PROFESS
SIONAL TRADERS FOUND
LITTLE TO DO
CROP OUTLOOK A ZIG FACTOR
Was Dominating Influence in the
Market All Day-PrOspects of Gold
Exports on Thursday Had
Depressing Effect.
NIUoC, =.
Bar silver, New York .......6O 60
Call money, New York .......2 2

new YORK, June 12.-The small con-
ungeht Of professional room traders
mnoHe operations made up today's
IUGH sny 1onHere6 MaThe[ foqnd difficulty in causing
uuI!neSS was characteristic of all the see
cufltles markets of the world. Spenuja- =
Ilon waits on the developments in China
and the money markets in RerIin an%
Paris. The firmer tone in London and
drIS+ on early reports of a British suc-
cess IN the TransVaal, caused prices 70
Sot open higher, but they quickly declined on
realizing, and on short sales by the trad
ers, induced by renewed STRENGTH IN
west - I1i0 ANoi Ill
TT The outlook for the crops was a dom
mating influence in the market all GaV
not only in the movement of nricsS JcS !,
SHOWN, but in the intense dulIness and
hesitation in trading A slight fiihin
vas vas gwen during the last hour by the
weather bureaus weekly report Of crnn
CoRdltlonS, Which while it reflected the
munIaVorable m condition of spring whea +
as as eApected, brought realizing in wheat
eYtIu etnn,e col!TTai1WISe, Ira short covering in
STOCKS. The rally in Pacifcs and some
81 So dhS eIS reached point or over, but the
rise was not we'll maintained. and tho
coJ1eof W fis selnl-Stagnant and unsteady at
The prospect of gold EXPORTS nm ,rb,,rs
nay uos was a depressing influence in the
market. No actual ARRANGEMENTS for
oiiIplnehIS 81 nave been completed but ex
q
Pront Is possible on the operation Sfar q
ms eAchange at Paris declined and the
Rank OF England so1d gold for Paris
nf -, III tact seems to be the real point
~ dtIrdctlOn for gold. The casino Of
Ihe London discount rate is attributeSd -
expectation Of further receipts of nus
@ @SIdh SoId, and the stiffness Of the nonnv
sic eiis'i net "a Paris and Berlin, where Rus
"a u9udIIy porroWs to meet her Interest
op4gatons to London is the real canse
~ ~ russian sold going to London. Tins
~ miappens en- that Russia instead of bor-
means @iS In III iParis, indirectly furnishes the
lrdG5 nlG5hS winch enables London 10 stpniV
goId TO Paris. The French demand FOR
SUI Is attributed to the active need FOR
Inl.tiy Iloiey IN circulation, incident to the ex-
position But the policy of the Ran1 nf
france in reducing its note iss11e ar6 III III
ttoillIdctlng It's loans is in conflict With
TINS view and indicates rather a desira
tio, ~ lortlfy the position of that institu-
London advices report unea siness IL, +bo
9tock 9Iro MARKET, lest crisis shall deVelop in
LdhGe after the exposition is ended
= 5LIiI ! ItIS HeIps 70 account for the persistent
guinness guinness of the European securities MAJ
ketS. The policy of Contraction 1bicb II,i.
IS pelng followed by the goyernrnan
BANKS OF England. France and GernanI,
in This III strong do1 contrast to that followed
~ ~ Inns country, Two weeks ago loans
OF the New York banks rose to q fioIIro
do0Ve any previous record Cand last Sat
ue uguays loan item was S12, ,8sS, 200 in excesc
1899 INC Tbe TPbfeRious nigh reoordso on July 8,
national banks of the United ststes oi Tn une
fo Ger ~ the call of April &c was also Shown Vvl7
I,o 70 De larger than ever before. The calm =
Iarese gSs OF the money marketin spite of this
~ t~S+t &c NCIune or credits OUtStandinr ond
an unusually low proportion of casb %.tu ra
seIyes ser IN testimony to the 5soundness Of
ana al tbio confidence in the financial situation On
IN IhlS country ' 'i'ii
Bonds were dull and 1o1,,a,s NJ
par value $l,09O,OGO United STATS stes snieS 1nH5
rs declined B in the bid price ne"
STOCK QUOTATIONS..
Cd furnished by Charles H F. Smith p.
cbo'nge cha members Of the New York STOCK aSs q
die; direcf wTog FIoneer f Press building, who have
closing prices are bid 'u NeW 1ork.