Show Ii ALL GAINS WIPED OUT AT THE CLOSE Market Cosed Closed D Dull ad and Heavy Yes Yesterday tery EFFECT OF PROFIT TAKING MOST OF THE TRADING DURING I FIRST HOUR New York June une of smal small business in stock stocks was done dur durIg Ig irig the frt first hour of f the session Tere There was a notable congestion of the deal dealings dealings ings in a a few specula speculative e favorites but such as I it was the market showed dis distinct firmness The dullness approached at times to stagnation and ther there was nothing to show any shar share in the mar market market ket on the par part of any bul bull profession professional al element element Amongst these the sent senti meat ment seemed to be cheerful and various arous pools signalized their by their activity in special stocks The market had one decided setback on realizing after the opening advance and another at the last which reduced prices at the closing The w sas especially large in Amalgamated Copper which had risen a a point anti and then fel fell back to a a point below Satur Saturday Saturday day after the publication of the finan cial statement of the company The sympathetic effect of this relapse cr car ned ried back te the whole market market United States Steel preferred took up most of the recovery recover and wa was In it its turn a strong sympathetic influence on the general list Ontario Western Vester was vas a again again gain in large request and rumors were revived ot of the guarantee ot of a dividend b by New York Central and New Kew York New Haven Hartford Amalgamated did not revive effectually from the ef effect feet of the realizing movement and closed wih with a net loss of l 1 Te The tak takIng taking Ing up of the advance by the United State States Steel stock stocks was regarded a as of good augury for the whole market as the persistent heaviness of these stocks had been a drag occasioning tendencies to rally during the lat last few da days s There were rumors ot of favorable ear earn earnings ings making for the curent current quarter in connection wih with the advance Some ef effect effect wa was produced by the appearance of negotiations looking towards bring ing about peace between Russia and Japan apan The subsidence or of the violent slon storm in the Equitable controversy was wasa a relief to sentiment although that sUbject continued to b be actively dis discussed discussed cussed in the financial word world and to he be regarded a as fraught wih with possibilities of further har harm Railroad traffic ot d daIs Is spoke poke in a cheerful tone of busi business business ness prospects the volume of offerings being h held ld wel well above last years level The feeling regarding the crops on the whole was more hopeful tha than has r iv centy prevailed and contributed ma materially to the firmness of stocks Te The money market retained it its un unruffled rufed ruffled surface notwithstanding the weakness akness of the Saturday bank state statement I meat ment and some furher further large money transactions including a transfer through the of to Fancisco Francisco The market showed i It Itself self soft to the effect of by the rom room traders and closed hea heavy wih with the gains much reduced or wiped out Bonds were irregular Total sales par value alue I UnIted States State bonds were al all un unI unchanged I changed on cal call |