The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-31
Stocks Dull IND LOVER
DECIDED WEAKNESS IN SPECIAL
TIES LEFT RAILROADS In
THE BACKGROUND
TRADING ALL ON SHORT SIDE
Decrease in st. patti EARNINGS and
Fears Regarding Crops Was an
Effective Cause for Weakness
I'm All Changers.
Bar silver, New York. - ; =,64H -. e0z5
CAL Money, New York. .I1lQ1A No sales

Bar silver. New York. Il. 564N -. so%
Can Money New York. :l1aqlh No sales
NEW YORK, July 8C.1The stock mar
ket continued very duii and professional
today. but the field Of activity broadened
out somewhat, so as to include more
stocks than in the dealings during the
latter part of last week.
The added life to the trading was on
the selling side, and inroads were made
upon values at points that have held re-
markedly firm up to this time. Sugar
and Brooklyn Transit were the leaders
number of other spetialties7 came for
ward into fair degree of prominence.
1t was still a market of spectalties, and
railways We're relatively in the hack
ground. But there was some addition to
the attention paid to them also. Deal
1ngs were not widely distributed in the
few active stocks in that department an
parently not affecting the firm under
tone, of the railroad department as a
whole.
The grangers were most affected. and
Burlington was the leader of the de-
preston with a fall of IA, and practical
~ no recovery. St Paul fell a point, and
the decrease in net ear ntngs for June Of
$155,9Q compared with the corresponding
period of last year. was the effective
cause Of the heavfness in that stock, and
In the group. Pennsylvania was a. point
of weakness i'll sympathy with London,
and was sold down as.
The market wassnot much Influenced at
the opening by the assassination of the
king Of Italy and the serious condition in
China. This was due to the fact that
these events had been offset in the Lon
don market by the reported surrender of
a large detachment Of Boer to the Brit
1Sh commander. The depression in Sugar
was IN evidence from the outset, and was
apparently due to general shifting of
the professional attitude towards the
stock. There were repprtss Of q pending
strike, which were denied by representa-
tiyes Of the company aEpdEeports of APP
fined sugars. invited By thei present high
level of prices. Lsfzas
American Tobacco was affected by prof
| it-taking, attracted bsf the recent con-
siderable rise. Brooklyn Transit was I'M
der renewed preSsurejo and fell back to
near last weeks low price carrying the
other traction stocks With It. The steel
outcome of the Chicago conference, de-
signed to restrict proa41etiea. Tennessee
Coal was active and weak, falling an ex-
treme points. The steek nailed a point
Beside these points of Weakness in spe.
cial stocks, speculative sentiment is dis
turbed by the uncertainty Regarding the
money outlook. the growing likelihood of
considerable decreases in net earnings OF
railroads and awakened apprehension re-
garding the crops. Sterling exchange fell
a fraction further today. raising a doubt
week. The tone Of the Money market
remains unchanged, and opinions regard
ing the future events, are a good. deal
mixed.
speciatries made another dip in tho,
final hour of the session and some OF
the "Reminiscences urgently pressed for
sale tTg5ghaeso ELL bfeaT g and Sugar
a number Of railroad Stocks extended
their losses to ~, the latter. Burlington.
United States RUBBER rose 2 and Great
Northern preferred a point Covering Of
shorts rallied Sugar a point, put the re-
Spouse elsewhere was sIighti:-aTht clos
Ing vas dull and heavy at about the low
point. - - >s"tt'
The bond market -wast5ull and prices
were sincliRed to go. laWer; I'D pi1 ed States
bonds .Weres5 utfehangeH at sttle last call
On the -exshahgeE % - s.>ii'8 tsgz
- j., STOCK QpQTFsATHo Ns. ,e4 .st<I.T.
Furnished by = Charles a. F. Smith &
Co, memberssof the New York Stock ex-
change, Pioneer Press building, who have
direct wires-,to Ch!cag0@apda, New. York
Closing sprieess are bid: xhsl ga1atV s2.av