The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-06-09
CASTORIA
For Infants and Children.
The Kind You Have Always Bought
Signature pssss the Of lZ1AZzzz:5;,<:
Etmanctul.
The stock Market.

New York, June S.-The market took
on the appearance of vitality and
strength, which are associated with a
bull market at one period during the
day, but the inevitable professional
realizing seemed to take the snap out
of the market and when the bears per-
ceived that the buying was not renewed
with any eagerness, even after the re-
alizing offerings had ceased, they at
| tackled the market i'll the last half hour
and worked some very material recess
sions in prices. Sugar, Metropolitan
and Brooklyn Transit closed more than
| two points below the high level, though
retaining still good net advances in
prices. A number of the specialties
and railroads also had point or over
the market was surprisingly tranquil
considering the amount Of business
that was being done. A long list of
important stocks opened at unchanged
prices and no stock in the list showed
change of as much as a point in the
early transactions. 1t was evident that
there was a large bear party in Sugar,
who were still unconvinced by yester-
days dividend declarations and they
undertook to force the price of that
very uncertain security down. BY the
time 1t had fallen two points, however,
the decline met resistance of a kind
which it was not in the power of the
bears to overcome. Their experience
during the remainder of the day was
not an agreeable one, and the heavy
blocks absorbed at the high level was
convincing evidence of their distress.
The advance in price of refined sugars
which was acquiesced in by all inter-
ests in the trade seemed to bring home
to the bears that the competition could
not be one of a very destructive char
acter, and that the opposing interests
might be fairly regarded as installed in
the position of insiders regarding stock
market manoeuvres The very buoyant
tone Of Brooklyn Transit, Metropolitan
and Manhattan added to the discomfit-
ure of the bears. Later in the day the to-
bacco stocks took up the advance. Yes
terday's dividend declaration on At
Gibson preferred had a very stimulating
effect on that stock, as well as those
of all grain carrying roads. The west
ern and southwestern stocks nearly all
rose over a point and pretty much the
whole railroad list responded in sym
pathy, the only laggards being few
southern roads, which were affected by
hc
nouncement of further shipment Of
$1,0O0,000 gold on Saturday making
total of 81, 500, 900 on the movement, was
without influence on the market This
outward movement of gold Is now gen.
orally charged to be due to special
inducements offered by the Bank of
England to secure a replenishment of
its reserve. There are limitations of
similar pressure from Russia and other
continental points, though no authori-
tative information can be secured on the
subject
The iron and steel stocks were con-
spicuously heavy all day with one or
two exceptions, though they did not
suffer materially in the later decline
Large gains were shown by a number
of railroad stocks seldom traded in, in
Guiding Iowa Centeral preferred Min
neapolis, st. Paul and Sault Ste. Marie,
common and preferred, Hooking Valley
preferred, Evansville and Terre Haute
and Des Moines and Fort Dodge pre-
ferred, The tone at the close was de-
cidedy weak
The market for bonds showed i'm
proved strength and an increased vol
ume Of dealings as the day progressed
Total sales par value $500 00 United
States 2s advanced Y in the bid price.
NEU rORh sT0CK htEhEr
Opening, Highest, Lowest Quotations
On the New York Stock Exchange, reported