The daily morning journal and courier., 1901-06-25
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----------- THE STOCK M-I RK EFT.
Maintained It's Waiting Attitude Yes
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Maintained It's Waiting Attitude Yes | New York, June 24--The stock marke | maintained its waiting attitude today | There is a sort of taeit agreement very l generally adhered to among the larger oper 1 ators that this waiting period shall eNtent at least to the end of the month and unti
 the money requirements of the half years end are out of tlIe way. The consequence | is that the attendance of members in tht board room is very small and many brok CTS have gone away on vacations 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 morn ing on the disappointing showing made by the Saturday bank statement. St. Paul and Union Pacific were most consplcuously af' fected by this selling, as being most likely to prove vulnerable on account O the re- cent considerable speculation In those stocks But little success was had in dis lodging any holdings of stocks and cover
 ing by the bears was In evidence later i'll the day. A small number of stocks had considerable movements on individual lines, but in those also the professional hand was seen in the quick realizing. Norfolk and Western was sold down after the opening on the score of the damage to the property 'by the West Virginia floods. New York Central showed some strength on vague talk of the coming declaration of some rights for the stockholders. Illinois Cen,
 
 consideration that it was low in proportion to other grain carrying roads. The rise in Sugar was due to the adjustment of prices of the product to parity py the different companies Manhattan was q feature on reiterated rumors that it will be leased to Metropolitan. General Electric was lifted 9h by light demand but reacted 3R. un the other hand Colorado Fuel after selling down Az rallied 61a but did not hold the rally. The advance in the price of Manhat- tan Beach from 15 at which the last sale was made over month ago, to 20ai, was based on the large attendance at the ocean resorts yesterday. There was n sharp ad- vance of d1h in Minneapolis, St. Paul and Sault Ste Marie preferred without eXplana- tion. Minneapolis and St. Louis dropped back Az on realizing. It was such indi vidua causes that induced any considerable price movement anywhere in the list. Com- mission house business was at standstil and brokers offices were deserted. So lit- tie profit is offered by the market that no difficulty was found in securing the adop tion by the members of the stock exchange of a recommendation to the governors to keep the exchange closed on Friday and Saturday. July ! and 6, following the July 4 holiday The money market faited to re- fleet any construction of supply such as was indicated by the bank statement and money on call loaned as low as 3la per cent. Sterling exchange eascd off bit. but hovers within measurable distance of the gold export point and rhe continued de- pression of the sterling exchange rate at Berlin indicates that that center is still heavily liquldating it's holdings of American securities. The market closed semi-stag- nant and with the inertness of prices fully maintained.
 Brsiness in railroad bonds was also of very moderate proportions and prices nov ed narrowly either way. Total sales par value S2,100,O00.
 United States threes coupon declined k per cent on the last call.