The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-10
FINANCIAL AND COMMERCIAL.
EnIDAY. Jnnen.


the security market were fulfilled to an extent
to-day, The dealings were larger than yester-
day. the improvement in prices was nearly
general and In many cnses important net gains
were recorded Commission houses wero
conspicuous buyers and traders who have been
holding aloof from the market waiting Tor sat
!stactory indications ms to its course made
noteworthy contributions TO the day
business. The revival OF speculation Is
not surprising. in view OF the ease OF the
money market the cessation OF liquidation
and the exceedingly favorable character OF
current trade and railway reports. me
featur" In the commercial markets TINS week
has been rise In the price OF many staple
commodities moro particularly in iron anu
steel. Bank clcarances arc considerably larger
than last week. oven after making allowance for
the holiday. Exports OF specie. which to-mor.
row will aggregate S3.oOO.oOO making the total
OF the present movement S5'ooo"o. nave hau
no effect upon the money market nor upon
speculation. The transactions III bohds To-Day
we're decidedly larger than yesterday ana nt
advancing prices. lhe improvements IN hikh
grade securities doubtless results from buying
In anticipation OF the large disbursements TOT
interest and dividends that VIII te maze July
and during the month otJhy
inc dealings IN STOCKS were wei nistrlpuIeu'
though sugar ReilninR supplied nearly a teh'n
movement. scoring a net gain OF oH points
The steady and rapid advance IN sugar henh-
ing has naturally revived rumors OF an I'M
pending settlement OF the sugar trade war
For the nrst tlme these reports are regarueu
wilma degree OF seriousness IN thetrade' htah-
Glble reason for the advance IN sugar hehnlng
fs found in the present condition OF the rehnlhg
Industry. Aiew months ago the difference De-
tween so' centriiuRals ana grahuiateu re-
day. owing to the active demand for refined
sugars that always develops at TINS season OF
the year. the difference between the standard
grade OF raw sugar and the principal grades OF
refined Is 81 OF cent pound. IL conceded
money. assuming that their raw material
costs them current prices AS the American
hehnins company mas accoruihk W Oil "c-
soatra.tod tor ~ Iouor rricss thar r,,le to.d,v
Il Is assum ed in the trade that It is making
fair proft on its present OUTPUT. The belief
that the comnanv has entered upon n season OF
et.h,o huainoso jonathan With tho deo,or,
,,o, on w.dnasdoy q, tho usral Quarterly divi-
,'oN ~ ~ , 49,,
eenu upon 'lo s'''A' LAS "seu ''ooi"'
pusihH VI IN 80 ' ,-
otner prolhinen' features VI ,he atNot "eLo
the local traction STOCKS ana the shares OF the
anthracite coal carrying railroads. The mar
ke' LOT .i'o ,"s' nanieu was 't,i,ueneu w
tSta.s,. on,aoad - tha an,hrao;ta irdrstrv
",.,n - ho.,.ouia,,at thon - 49,
sio "o.A.ns 49, no. , ,"" -. 49,
time III many years III CONSEQUENCES o"e ''ia'
Ae' ioi '"e'' ht'N"N' - ~N'ii'""'' ~ - o'i-
higher prices LOT IL curing the remainder OF
the year are confidently predicted. The
local traction stocks were faTorably affected
by accounts OF the enormous business that
the several companies are handling and by