The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-09

NEW YORK. June S.-Tuesday's up
ward movement of prices was carried over
INTO todayS market, and with some show
OF energy on the part of the professional
operators, a respectable and quite repre-
sentative showing of gains was establish
ed. There was nothing in the tone of the
market however. nor in the tone Of the
dealings, nor in the width of the f1uctua-
lions 10 warrant the SuppoSition that the
day OF small things in the stock market
mas passed away. The trading became
extremely languid at the higher level and
the buying movement gave evidence of
quick exhaustion. 1t is not very import
ant TO discover the cause for so insignifi-
cant movement. But so far as general
causes operated, distinctly hopeful feel
ing over the progress in the making of
crops was perceptible. The days wealth
the speculative mind to discount to some
extent any unfavorable features of the
governments monthly report of grain
Friday.
The cheerful reports from the anthracite
trade made no new contract with unfayOr-
able general conditions. but they were
given more consideration today In fact
the strength in the eoalerS was the back
bone to the whole market. The recent
speculative advance in Ontario & West
efn was an influence on that group. al
tnongn the movement in stock itself halt
ed on profit taking.
Ohcial reports place the output of an
thracite for Nav at 3 2S5 O79 tons an in
crease Of LIS, $50 tons over the very ia
VorabIe business of May last year. Trade
authorities also reported a large current
traIne- Some effect was produced by re-
ports OF an unexpectedly large volume of
passenger traffic as a result of travel to
the st. Louis exposition and extended
to the East.
Northern Securities Story Denied
Some attention was paid also to a pub
ment out Of court of the Hill Hartman
dispute over the distribution of Northern
securities assets was under discussions al
th0ugn TINS story was officially denied.
Expressed belief that the VesseImen's
strike on the Great Lakes was approach
lhs settlement was helpful factor
on the market
The softness of the London discount
market, which yielded to below 2 per cent
Tor open market discounts gave ground
Tor an expectation that the Bank of Eng
land would reduce it's minimum rate of
discount tomorrow below 3 per cent. This
would tend to avert any movement of
goId from New York to London and would
r naoaia5 mat the supply OF capital has
reached repetition at London as well as at
Paris: The Western Unions statement
OF net earnings for the June Quarter were
seudted with interest although the cur
rent months earnings are estimated. The
uecnne or per cent in the earnings in
d1cated, compared with the corresDonf7-
ing quarter of last year, is regarded as
throwing light on the relative volume
Oh general business activity Recoyeries
IN number of low priced railroad stocks
Whlch nave been under pressure recently
presumably Que to COVERING nv shortz
made up an important showing In the
Gays advances. The rise in National
LEAD was on rumors often revived of a
combination IN the trade The largely 1ex-
per1mental character attached to the ad-
vance was pretty clearly indicated by the
easy yielding of the later market ON the
Tesuar professional profit taking The
iron Ages discouraging view Of the trade
OUTLOOK aggravated the reaction which
teIt hItie of the days rise
6OnoS were irregular. Total sales. mar
value. 81. 335. goo. United States Is and fhe
oIa 4s advanced Il and the new As de-
clined Is per cent on call
Closing List