The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-27
NET GAINS N STOCKS
BULL CONTINENT FAILED TO RE
hLIZE TO TIE FULL THEIR
EXPECTATIONS
CHANGES IN THEIR FAVOR
Final Prices, However, Were Con-
siderable EeIo,y The Best, and
the Tone of the Market
WAS Unsettled.
CHANGES IN THEIR FAVOR

Prev.
Close. Day
Bar silver, New York. Dig 6j9l
Gail money, New YoEk....-...10lIh 1892
NEW YORK, June 26.-The bull contin-
gent in stocks failed to realize their ex-
pectations today though the changes at
The close show nct gains for the majority
of stocks. Final piices however were
considerably bel0w the best and the p
OF the market during the latter part of
the day was decidedly unsettled and
spOtty, in spite of the su staining infiu-
ence of notable strength in some stocks.
The opening r.se was in sympathy with
London and was attributed to the effect
Of the news from China OF the relief of
Tien Tsin. Later advice5 showed that
the periodical settlement in London had
disclosed et1 unexpected large bear .ac.]
count in Americans, and the London buy.
Ing was the covering Of short cOnt-a is
1t was especially effective III some Ofztfla
Southern railroad stocks The New YORK
market, however showed Itself indiffer
ent to the progress Of events IN China, d
1t has consistently done Throughout ard
the opening advance. was largely ! st
Inc III st rally in the market followed tn
sharp break III the wheat market, and
was most noticeable in the Southwe tern
Grangers, esps ciaIy Eur}iIEgt ion and Atch-
ison preferred. Crop news c nt.nued bad
from the spring wheat reSi9n, but the
speculatCrs WHO have been buying wac
are evidently impressed with the will
lngness Of the farmers 10 take the pr:c,
offered, and the W heat market showed
continued Tealiz2 on today with a r.
ryiHg railroads. --- -70.
The weekly statistics OF railroad t-af
nc from Chicago show al incraa Sc in
the grain traffic of Western lines for tn !
week o. 20 per cent over last week reach
ing the best figures for the CORE spending
week in five years, with the except on o.
last year. The deliveries at primary
points ran up 8 4 FER cent over last yea.
ha n rfip Of,
Tor the real hO,dars Of wheat. Tbs dem
o1stration detcacted somewhat from the
a!armist reports Of wholesale disaster t.
the crops, and additional at -ent.cn was
given to the hopes CT the corn cror.
It was evident that the buy rg cf
railroad stocks came largely from the
snort interest. who We're wiling t. axe
profits at a decline in prices. but who
were not pressed to take losse; at the
advance. The continued weakness in
Baltimore & Orio. and s'gas Ct avi.
ness in Pennsyivan; discouraged the
buying of the u al rad SO tlts. ana 1ha
we're inclined to droop during tI1a lHtt
part CT the dav. The Sust:ining force
curing that period was the advance in
brooklyn RAPID Transit and the S.eel
stocks In the former, the Bears showed
symptoms Of alarm, racatHn4 Their % in
1ul experiences or wing o1t Of the sim
ar weakness in Third Avenue, another
traction stock. y
There was no news 70 aceeunl for the
strength in the steel stocks, but they
We're absorbed with considerable conf
dence ard advanced easily on small
Transactions. Their CANS at ona tine
ran from 1@3H. Apparently the opinion
Is gaining force that the decline in The
price of iron products has almosl lun
its course. II.
y further rise IN the prize of lead fol-
lowing the recovery OF Yesterday and the
strength OF s:ive@ OF p large demand
from Oriental untFics. had tonic ef-
feet upon all II metal markets Sugar
was active and Giraffe, advancing On The
rise III re.ned sugars. but re!apsing or
profit taking. The call by the treasury
department for the payment Of a third
installn, ent CT $5C09,L01 of government de-
posts had no apparent effect Oh senti-
nent, as the date nIed for the payment.
July IS, goes syond the Immediate press
ing demands on the money market, pv'licH
viii be for the July settlements Time
money continues to harden, but call loans
are still very easy
Some Of the speculative bonds show
sharp reCOVeIleS, but the market eener-
aiiv Nas irrcgul"r. Total sales, par Vauie
$l,C70,GG0 United States IS, coupon, ad-
V2nced 4 in the bid price
STOCK EQUATIONS
Furnished by Charles II. r. Smith &
Co. members of the New York Stock ex-
change, Pioneer Press building, who have
direct wires to Chicago ard New York
Closing prices are bid: