The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-06
SIAGNAIDN NSIOCKS
Break in Sugar Checks an
lncipient Bull Campaign.
CAPITAL PROFOUNDLY SHY
Of New Industrial Combines
Henry Clews' Review.

New York. June 5.-The professional
| traders on the stock exchange made in
dustrious attempts all day 10 get into The
current Of speculation. But as a mater
of fact there was almost nocurre1t to
speak Of. so the room traders found them
selves drifting and foundering in stag
nant waters. They changed sides sew
eral times in the dull market and TIT net
changes on the day are consequently IN
/ important ouside Of a few Of the special
ties, though the general average Of prices
! IS notably steady. The opening showed
| declines under the influence Of the heavi-
| ness in the foreign market on account OF
| the disturbed state OF affairs in France.
I Sugar and a number of other specialties
were attacked and the bears also had on
/ their side a falling off in the eastbouni
/ freight tonnage from Chicago, a decrease
in Rock Islands clearings for April and
renewtd strength IN the wheat market.
The manifest disposition OF a bull party
TO take up a group OF iron and steel
stocks on account Of the extraordinary
prosperity IN that trade served 10 check
the decline. The large receipts OF wheat
at interior points offset the fears OF crop
damage and a series Of good returns en-
current traffic of various railroads also
helped to strengthen the stocks Of these
properties. The local stocks showed a dis
position to advance and it looked like the
inauguration of bull movemtnt when
the break IN Sugar awakened Uneastness
and the making Of commitments on toe
long side. There was nothing notable in
the trading thereafter. The extremt
break in Sugar was points and the
rally on covering caused some hardening
in the general list. The recovery in Sugar
amounted 10 324 the net loss being pa.
National Steel, Pressed Steel Car and
Tennessee Coal held their advance rather
better than the other steel stocks. Thera
was a spread in the American Smelling
stock. the common weakening sharply
while the preferred advanced over po:ut.
The plethOric condition of the money mar
ket, the good railway earnings reported.
and the general activity and prosperous
conditions in all general channels OF trade
are accepted as causing Increased values
TO securities. But the sugar trade war
the highly speculative stocks. as wei las
the manifest disposition to renew an IN
bridled specula ton in the securities Of the
new and untred industrial combinations,
begets distrust and hesitation on the part
of capitalists
The total sales of stocks today amount
ed to 392,0o7 shares, including: American
Steel and Wire. 81. 700fi American Sugar,
87CO; American Tobacco, 1920; Atchison,
preferred, 1s,400; Brooklyn Rapid Transit.
2Sooo; Chicago. Burlington and Quincy.
$500; Chicago, Rock Island and Pacific.
$500; Consolidated Gas, $500: Continental
Tobacco, 6,100; Federal Steel. p 400: Fed
eral Steel preferred 430O Manhattan.
5000; Metropolitan. 500; Missouri Pacific.
$500; National Steel. 920O; Northern Pa
cific, $500; Peoples Gas. 900: Union Pa
cific, 1900; do preferred 900; Rubber, 300:
Western Union, 500