The age-herald., 1899-06-09
VITALITY IN THE
 STOCK MARKET Took on an Appearance of Life
 and Strength. LARGE BEAR PARTY IN SUGAR Gain in Number of Those Railroads Seldom Traded In-Total Sales at Par Value Amounted to
 $2,92O,ooo

New York, June 8-The market took on the appearance of vitality and strength which made bull market at one period during the day, but the inevitable profess ional 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 realizing offerings had ceased, they attacked the market in the last half hour and worker some very material recessions in prices
 Sugar, Metropolitan and Brooklyn Tran sit closed more than points below the high level, though retaining still good net advances in price. A number of the specialties and prominent railroads also had a wavering and simmering A long list of important stocks opened at un- changed prices and no stock in the list showed a change of much point in the early trading action.
 It was evident that there was a large bear party in Sugar, still unimportant ae- tion convinced them the time was not ripe for decisive action. The decline met re- sistance of a kind which it was not in the power of tho 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 by all interests in the trade, seemed to bring home to the bears that competition could not be of very destructive character and that the opposing interests, though fairly regarded as installed in the position of insiders re- garding stock market manoeuvers.
 The very buoyant tone of Brooklyn Transit, Metropolitan Street railway and Manhattan added to the discontinue of the bears Later in the day the Tobacco stocks took up the advance. Yesterdays divi- dend declaration on Atchison had a very stimulating effect on that stock as well as those of all grain carrying roads.
 The western and southwestern stocks nearly rose over point and pretty much the whole railroad list responded in sym pathy, the only laggard being few southern roads which were effected by sell ing for London account.
 The announcement of further shipment of $1,000,000 gold Saturday. making. a total of $3,500000 on the movement, was without influence in the market. This outward movement of gold is now gener- ally understood to be due to special in- ducementS offered by the Bank of Eng land to secure a replenishment of it's re- serve. , There are intimations of similar pressure from Russia and other continental points, though no authorative information can be secured on the subject.
 The iron and steel stocks were oonspic- uously heavy all day with one or two ex- captions, though they did not suffer ma terially in the later decline.
 Large gains were sown by number of railroad stocks seldom traded in including Iowa Central preferred. MinneaDoliS St. Paul and Sault St. Marie common and preferred Hooking Valley.
 Total sales, 2,S20 900, par value United States 2s, 212 in bid price.
 The total sales of stocks today were 725,S6S shares, including American Steel and Wire, 25,0OO; American Sugar a,5OO; American Tobacco, 30, 200; Atchison pre- ferred, 42,6O0; Brooklyn Transit, 9O,5OO; Burlington, 8, 800; Continental Tobacco, H. 100: Federal Steel, 2l000; Louisville and Nashville, 5000; Manhattan, 22 ,600 Mexican Central 6,100; Missouri Pacific 13,S00; New York Central, 10000 Ontorio and Western, 24.7QO; Pennsylvania, Il 200; Peoples Gas, 14100; Rock Island, IT, TOO; St. Paul, 35, TOO; Southern Railway, 3,10O; Tennessee Coal and Iron, 5000.
 V Money on call, steady, at 2d21A per cent. last loan, ? per cent
 Prime mercantile paper, 9A@4 per cent <. Sterling exchange, easier with actual business in bankers bills at $4.S7Aqs4.SS for demand and at $4.S5s4@$4.S6 for sixty days
 Posted rates, s4S61s@$4.S7 and sf.S9.
 Commercial bills, $4.S514@$4S5h. Silver certificates, 61@62.
 Bar silver, GOA
 Mexican dollars, 4SK.
 Government bonds, firm.
 State bonds, inactive.
 Railroad bonds, strong.