The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-08
THE DEALINGS LIMITED
The Stock Market Furnishes a Mar
row Range of Prices.
inactivity Abroad. Resultant From
the Chinese Situation, Partially
Accounts for the Lifefess Condf-
tfons-Thc Rise I'm Wheat Pre-
cipitntcs Selling OF Changers.

NEW YORK, June There was again
an exceedingly narrow margin for securi-
ties on the stock exchange today. The
price movements also were limited and
small and irregular changes resulted from
the dealings. To some extent the hest
fancy of the speculation was ascribed to
the uncertainty as to the upshot of the
crisis in China and on this latter account
all Of the European stock markets also
were more or less unsettled. Foreign
houses on balance sold something over
10000 shares in this market.
The dealings at large showed no essen
tial variations from the conditions which
have prevailed throughout the week. The
business of commission houses was linn
tied, but was apparently on the selling
side of the market. There were no APP
pearances anywhere of concerted support
and for the most part the days move
ments reflected little more than the ven
lures Of the boardroom traders.
The active borrowing demand for stocks
in the loan crowd was an indication Of
the extent to which the short interest
has increased with the course of the week,
and, as is ordinarily the case, this symp-
tom of the markets condition led to &C.
casional covering of short contracts, to
which most of the days advances were
due.
The most important development in the
local situation vas furnished in the grain
market, where there was very sharp
advance in wheat. The recent course of
this staple would appear to give some
color to the current reports of damage
to the spring wheat crop through the lack
nf nictt in he o1f
perhaps the advance in wheat may be fur
Their reflection Of the uncertain stua-
tion in the Orient. Aside from this cir
cumstance the day was virtually bare Of
actual developments of Importance.
Attention was chiefly directed toward
the Chinese situation, which for the time
being has apparently supplanted the
South African war and the approaching
Presidential campaign.
The days returns of railway traffic ap-
peared to be wholly ignored, and nothing
worthy OF note appeared in either IT, for
eign exchange or monetary situations. A
further loss to the banks In their dealings
with the local Sub Treasury was shown
however, in today's figures Of the transac-
lions between those institutions since last
Friday.
In view OF the exceedingly limitsd mar
ket speculative interest was fairly well di-
HeTSlneQ. Inc sharp ADVANCE IN wheat 2p-
peared to incite some selling of the
grangers, and notably Of St. Paul, but the
resultant market effect was not material.
Discussion of trade conditions was reflected
irgasrather weak steel list. Dealings in
that quarter were comparatively small.
The local traction issues for the most part
were heavy also, with little that was new
in the way of gossip attending their course.
The price changes in the railway list were
irregular. The anthracite coal shares con-
tinued firm, and Atchison preferred and
the. Pacific stocks were fairly steady.
Among the specialties there was note
worthy but not fully sustained advance in
New York Air Brake, which was attended
by unsubstantiated reports that a CONSOLE
dation with the Westinghouse Company
was arranging.
The bond market on tie stock exchange
was extremely dull and featureless, and it
is the common report of banking houses
whose speciality is dealing in investment
securities, that Notwithstanding the low
rates prevailing for money and the pros
poets for their maintenance, there is little
or no demand for investment securities.
All this is in spite of the near approach
Of the LIST OF July, an ordinarily active
it would appear the same considerations
which serve to hold speculation in check
are more or less effective also in the in
vestment branch of the market fer securi-
ties.