The Birmingham age-herald., 1902-06-28
NOTHING DOING
 IN STOCK MARKET Whole List Fell Into Rut of
 Profound Neglect ST. PAUL AGAIN THE LEADER There Was a spurt In Illinois Central During the Day Which Had No
 News to Explain lt--Bonds Were Outlet.
ST. PAUL AGAIN THE LEADER

New York, June 27.-Today's stock market fell into profound neglect except for the dealings in one or two stocks which were selected by the supporters of the market for their sustaining effect, there was almost nothing doing. St. Paul was again the leader and there was a Bpurt in Illinois Central during the day which had no news to explain 1t. Ms souri Pacific continued in good demand but its rise did not extend to point Dt any time. The industrials were weak In spots but were even more neglected lhan railroads The passage of the divi- lend on Colorado fuel caused a drop of 4 points in that stock in active selling
 The stock huctuated feverishly all day and closed at a net loss of only 1A. The passage of the dividend on ice prefer led was reflected in the movement of hose stocks. the preferred declining an sxtreme Ss and closing at a recovery of a. Amalgamated copper was under pres lure again but met support at about 63 Is on the previous decline. The market lased off in the late dealings and clos Id heavy and below the best in all eases. Loans made today carry over until Mon- Hay and the rise in the call loan rate to above per cent in the late dealings in- Heated some contraction of supplies. The weeks movement of currency taken In connection with the sub-treasury op- erations indicate a cash gain by the banks of upwards of $2,OOOoOo.
 During the week there has been a pay nent at Baltimore on account of west ern Maryland purchase. subscriptions here to the Metropolitan Street Railway pond issues, and to the New York City bond issue, besides various other require ments. It is probable that preparations have been making also for the July dis bursements of dividends an interest. A further expansion of the loan account of the banks would not be expected there fore. when tomorrow's weekly statement al pears. The approach of the month~end had it's part in repress1ng speculation. The holiday in London perhaps contrib uted to the dullness, but the reports of King Edwards marked improvement helped to keep prices firm. Another fac tor in the situation was the cessation of demand in the exchange market for remittance to London. owing to the holi- day which caused the decline in the price of sterling, thus Tightening the threat of withdrawal of gold, Considerable satfs- faction was felt over the reports of rain in the Texas cotton belt. The speculative influence in the grain markets made in- ferences as to the condition of the crops somewhat obscure, The coalers were en- treIy neglected, and the miners strike was not visible influence in the market. There was some bnyirg of the railroad stocks that was alleged to be for invest ment In anticipation of the funds to be disbursed after the first of the month. There was very little doirg in the bond market, and the movement of prices was ire guar. Total sales, par value, $3- OPS, 0O0 United States 2s declined is and the new 4s A per cent on the last call.