The age-herald., 1901-06-25
WAITING ATTITUDE OF STOCK MARKET Believed This Condition Will Maintain to End of Month TRADING WAS VERY LIGHT
  Some Stocks Showed Slight Advance, and Shorts Were Disposed to cover-Attendane of Mem
 bers in Board Was Small.
TRADING WAS VERY LIGHT

New York, June 24.-The stock market maintained it's waiting attitude today There is a sort of tacit agreement very generally adhered to among the large operators, that. this waiting period shall extend at least to the end of the month and until the money requirements of the half years end are out of the way. The consequence Is that the attendance of members in the board room is very small and many brokers have gone away on va- cations to the country or to Europe. The smaller class of room traders who operate from day to day were disposed to sell the market this morning on the disappointing showing made by the Saturday bank statement. St. Paul and Union Pacific were most conspicuously affected by this selling as being most likely to prove vul- nerable on account of the recent consid- erable speculation in these stocks Lit tie hope was made, however, in disodg- Ing holders of stocks and covering by the bears was in evidence later in the day A small number of stocks had considera- ble movements on individual causes, but In those also the professional hand was seen in the quick realizing on the move ments. Norfolk and Western was sold down after the opening on the score of damage to the property by the West Vir- ginia floods. New York Central showed some strength on vague talk of the com Ing declaration of some rights for the stockholders. Illinois Central was confi- uently bought on the general consdera- lion that it was low in proportion to other i, grain carrying roads. The rise in Sugar was due to the adjustment of prices or the product to a parity by the different companies. Manhattan was a feature on reiterated rumors that it would be leased To Metropolitan. General Electric was lifted 91s by light demand, but reacted BIZ. On the other hand Colorado Fuel. after selling down AZ, rallied 6R, but did hot hold the rally. There was a sharp advance of 619 in Minneapolis, St. Paul and Sault Ste. Marie preferred without explanation. Minneapolis and St. Louis Cropped back 2ia on realizing. It was such individual causes that induced any considerable price movement anywhere in The list. Commission house business was at a standstill and brokers offices were deserted. So little profit is offered by the market that no difficulty was found in occurring the adoption by the members of the Stock Exchange of recommendation 10 the governors to keep the exchange cloSeu ol rfludy anu sotitui udS' ooiy and 6. The money market failed to re- fleet any construction of supply such as was indicated by the bank statement and money on call loaned as low as S1s per cent Sterling exchange eased off a bit but hovered within measurable distance of the gold export point and the contin- ned depression of the sterling exchange rate at Berlin indicates that the center Is still heavy liquidating it's holdings of American securities. The market closed semi stagnant and with the inertness of prices fully maintained
 Railroad bonds were very moderate to- day and prices moved narrowly either way. Total sales, par value, $2190,00O.
 United States 3s coupon declined IS per cent
 New York Stock Market.
 By Private Wire to Murphy & Co.