The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-11
Mining shares.
S.w York Market Gossip.

The foII2vins SYNOPSIS OF the gossip In Isgsrd
=, -. ~" Tareirst by D. r. FrsLcis Bro, ~ Co:
New York July lr.-Iondon prices showed an
,,:nr",,e.i tone on the other side. ard arbitrage
bT,,kers were again buyers O: stocks. amounting
70 TO- tva shares In all. The foreign bHylns was
mos, prcInincnt in l.. * y. and y. * ", There
but tits stock was bought back again later
There was a distinct change in speculative
e.ntirnen, In the last hour. Some Of the most
Important Interests IN the street apIeared as
BUYERS and houses that have been extra cautious
sh6nt taking the hull side. said to-day that thcir
customers were buyers Of stocks: as they found
that was the only way TO trade. There was some
unaasIness among the shorts. caused by a run'or
that a large amount Of loaned Burlington Will be
It Was alleged tina, one house alone is lending
Az et,en,pt vas made 10 break f. r. T. again
a, the opening. hut buying by BELL q Co , and
house, made IT ,Sd ot that support r wai
efrorts were made to cover shorts by the most
T1 strength in the steel stocks and In c. & q.
IN the last hour started with huyng and bidding
also buyers OF the Steel stocks; and bid for
blocks Of g. r. & O. SAID 10 be Tor Me ,''.
having orders in these stocks
Atchisor preferred sold eX the semiannuai
ottacked by the hear traders IN the FIRST hour
The same buying that has been persistent in the
a dHrry among thr shorts. l.. & y. was bought
ty Lon,Ion early IN the day. and before noon
~ The buying FOR botiI long and short account
ne cent dividend by the directors this after
-, Foreign houses attached Importance to
.be manner in which the dividend should to de-
,i.red and expected that IL would lie charac-
,sri,ei as n regular sen'annUal dividend. and
thfS anticiuat!on verified ia the declaration
OF A Nat Isr cent dividend. - - -.
81 paul r. T. and g. Il. & q. were bought
by houses handling investment accounts and by
bro,.ers with Western connections. the latter
hasing their operation limitations in grain
,,ade circles that the Government crop report.
o. he issued late this afternoon. will not he as
unfayorahle as the Chicago grain experts pre-
dictesI two weeks ago. -
Tl,, chief factor in the market for these stocks
vas the small supply around current prices
Iofe London cables were as follows:
Iondor i:f, y. m--T0-fav IS the first max
,,s-ur tav for the fortnishfly settlement Con-
,an-r.s on American railway shares are easy.
Ss,t business in this department Is at very low
CHI prices are at about parity with New
Sansols declined u per cent on less favorable
The following gossip in regard to cotton WAS
Tax York July Id.-Cntton has ruled feverish
| "a very cratic for Aug. delivery. Despite the
aaclne in Liverpool this market ruled firm r
hnresu report would have stimulating in
nuence on the market
Rasii-ing sales Of Aug. delivery brought out
.or,a stnn orders. hence the decline from 2 g.,
m q SIC with other months sympsthizing
rha bureau renort making condition OF crop
NJ, IN. Ist inst 75.s against saa last month. and
e. last wear is ahou, the lowest Of record. but
~ Yavorabie weather conditions since July l.
Foreign Exchange.
n demand for foreign