The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-03

correc Corrected daily by Gaylord. Blessing & Co. so'
New York Market GoSSip,

m, folgNing synopsis OF tho gossip in ress I'd
was received by q R. Francs: Bro; & Co:
s ST ass. J Sm our sIons ds sa: shS
markets on the other side being unfavorably
ers started selling AT the orening. putting out
about l5.oo, but the way these stocks were
don. and before the end OF the first hour the
The lower London cables caused SOM. declines
IN the early trading. especially In the interua-
tionai stocks. bat supporting orders were in
soon as a small Part OF these orders were *
eeuted- Commiss!9n houses also had a few bay
Ing orders. and there was a better demand FOR
bcisds in connection with the July disbursn
by inside interests paris In sSnns%tian with !,
movement against the shorts and partly on lnfpr-
p1.t Tor the quarter jlst ended Brok.rs active
ia the stock report n fairly large short interest
ne aa 1 B o. II TT r S%i al %s by interests
prominent ia the control az those roads. lnrud-
many couiectur.s as to tie reason for the buying
but nothing definite in regard to them could be
.& o. va. ass, strong on Covering Of shorts
60. Interests that have been b-a.sh On ths
stock attributed the selling 10 reports that an
question, but these reports overlooked tho fact
that the two principal directors sun in
the Company have been confident Tor soms tirla
that dividend viii he declared on the stock In
The directors Of +. g. & l. declared a psr
cent dividend on the common stock this morning.
quarterly dividend. There was some speculative
buying in authorization Of this action, and on
the advance a few shorts were covered.
New York Air Brake had another sensational
advance moving up IN inside buying. said TO he
connected with negotiations with Westinghouse
Company. outside buytnC induced these refer
weeks ago hu- the reports were then denied.
S4.r.a 81 the traders sold g, Il. & o before
noon because the net earnings for tho month of
May decreased $1,000. but ~" stock was taken
BY banaing interests and afterwards the price
moved up in sympathy with rest % the market
L-ishrlsu IN srHai.ing Of the market. SAYS:
, l.c iiAet cl2.ed Lith .lti iEs ti.e most par,
stocks like sugar ard u. Il. r. where some
small reaction is shown. While the general talk
Of tho street Is huliiSh, there Is still a con-
s:icuous absence of outside interest in the mar
krt. and we not inclined 20 think that tie
rally viii go further. In view Of the convention.
lin The latter. u It continues. will certainly
affect Northern Pacific common. and will tend
10 check buying from the Continent. which has
given some support IN the last eight or min.
with the y & -. directors. are Inclined to cx-
pect co,aprumsa between those In favor OF no
dividend at all amt those who wish FOR per cent.
probably in tie form of per cent scmiannuallg.
THIS Is liable to lie opposed by j. J. IIiii In tho
Pennsylvania Interests but Il is Just possible
that this solution may Be adopted Jpon the
far. and do not thiak that ;he H.srket In It's
present state would stand bal news we'll
Late London cables were as follows:
London. i:E. y. m-Th- securities markets.
stR.naEr. American railway shares down
from = to y per cent. Advices from Berlin are
to the eject thar North German Lloyd Steamship
The Boerse- is excited on the receipt o: renewed
assertions Of the assassination Of Baron Won
kattslcr.
London tevenlug,.--The market American rail-
way shares closed on the curb firm, but with
littie business doing Chinese bonds are of
IL. Other departments were steady.