The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-08
FINANCIAL AND COMMERCIAL.
W1DNEapAY, Juno z.

WHDNEaDAT, juno q.
The opening OF the stock market was quiet
and irregular. Tho last condition resulted
partly from lower prices for American securi-
ties In London. uncertainty as to the Sugar
dividend and comparatively heavy selling OF
American Steel and Wire common. which was
accom- panied by rumors OF dssensons among
the directors relative to the declaration OF a
dividend upon the stock at the meeting oil
the board about two weeks hence. At mid
day the Street was surprised by the declaration
Of a dividend OF u cent. upon Atchi-
son preferred. This Increase OF one-Guarter
~ | y cent upon the last semi-annual diVl-
dend. together with action OF the directors In
virtually declaring another semi-annual dlvi-
dend OF the same amount payable next Janu-
ary had good effect upon the market for rail-
yay stocks The declaration Of the Atchison
dividend was soon followed by the announce
ment that the management OF the American
Sugar Refining Company had declared
the usual quarterly dividend OF
cent. upon the common stock OF that COM
pany. Although this action had been fore
Swallowed. a large number OF professional
spoculators had been skeptical Of Trustworthy
predictions as to the amount OF the dividend.
and were therefore constrained to close their
ventures for short account In the stock at rap
idly advancing quotations. These operators.
f. common with many others now take the
view that the directors Of the Sugar Re-
hnin1 Company would not have declared
tho dividend that they did to-day had they
not been confident OF early settlement
of the war between the company and the indie
pendent refnpries Another factor influencing
the market for Sugar Refining was an advance
OF an eighth Of a cent n pound in all grades of
refined sugars, movement in when the
American Company took the lead This adj
10 An il, MAJ tD rise In the price OF
raw sugar and also to the more active demand
that is a feature Of the trade at this season OF
the year
There was noteworthy increase In the
volume Of trading. and IN the last hour the
market was fairly active and prices advanced
sharply. The noteworthy net gains other than
that Of 81. 2 cent. in Sugar Reclining were
in Brooklyn Rapid Transit, c.. b. and Quincy,
Federal Steel common. Manhattan Railway.
Metropolitan Railway and Missouri Pacihc.
Among the less active shares General Elec-
trio. MEXICAN Central. standard Distlllng
issues and Fort Worth and Rio Grande
were most conspicuous The improvement
in the last named rs well as In the bonds OF
the company. is explained by the continuous
Increase in earnings. Although the shipments
of specie have had no effect upon the security
market, further Developments In the foreign
exchange market are awaited with interest
The best information obtainable Is that the
National city Bank will not make another
shipment until next Tuesday; but 1t is
possible Nat some of the other leading
drawers WIN export n million or two on
Saturday. II was asserted to-day In the
foreign exchange market with a good deal OF
confidence that the Russian Government Is re-
spOnsibln for the present transfer OF specie
from this country to Europe, while the rates
for sight sterling are slightly below the normal
gold shipping point The closing Of the stock
market was strong at about the best prices.
New York stock Exchange-Sales June 7.
TINTED STATES AND STATE BONDS IN Sl.0Oos).
u St. r.....lO9s 10 4 As. r. 1901 Pa
al So c ...... 2 vaF deb 23s
loo4allo oflool... s54
CLOSING PRICES OF UNITED STATES BONDS.
Ba. asked Bud. Asked.
Tnst2sr Tn st4sr
s,plofGloo Ie25,'. 1908 1914
I S IS 1905 Tn St+sc.
IaIs,r..lOoas lO9}t l925.....l30S 1914
US8sloos. Tn st 5s.r
lelsc..lOoH LOON 1904 ...ll 2A ll3a
Tn st4s,r. In st $50.
lio7....ll2as ll3 1904 ....l 24 AK
Tn st4s. I'm St3.d5s.r.
lIU7.....l l3l ll1t4 24.DC.ll9
RAILROAD AND oTHEn BONDS TN S1OOOs,.
go Atch all Is. SPA . Mo Pac I 5s.... 97a
95 ................ S3 - ................. %
As ................. So, 10 NPprior 49,. lo6S
90 ................ S3A 81 ..............iU6
OIL ................. S3Le 0 Nor Psc g 3s 67at
45 ............... S3Ss Norf & wcn4s e5
10 Atch gen SOB ................. eAH
...... ...........l 1854 5 ................ o6
5 ................lO 3Is 49, JCg5s.r..lls4
IS ............~....lo3 l6 NJ gnl 5s.."l2lh
| Adams TX As. 1904 ................l2l
3 Ann Arhor IS. 93N1 y c. l. col
2 ................. 9aA 31qs..........lo3
3 Aus d " lst.lOO my Lscol
lBS o 3>ss..... 1905 3ls. r........lO24
10 zoos 5NYC,M Ccol
GINA 4s....... .lO2A 3bas. lOl u
o B&OSW dag. 90 C&SL4slO7i6
Be R& lst..l OS n W 3Hs. ......i oea
! Brook 5s.ll2 3 y Y.o& 4s.lo6
10 ................ll 2il l 0 Ore S L Gu IS liza
5 Br h W 5s... OON ore y inca. 90
3 CA o ZEN 5s. Il l0h ! 2 East lst... IS
5Ch& q -n.4'ss. E4'e Pitts \ Wn lst.lOO
4.......,.,....... 9I}s Read gnl 4s.r.. SO
10 ................. 94+ Read gnl Is. S9H
3C.BAN 5s....lOS 81 ,................ SO
FL {. Is \ 7s....ll6t z .......,........ seN
2 C,BSQ4sId. 1904 Commencement. so4
t,C,C st SO Rio Il W lst... OOk
gnl +s,,..,-,, oSF ..,.............. O0a
/ ChcTer 4s..."lo9'a o ................loo4
l -''''''.''...'''. Wa o'''''..''.'......l Oo4
100 Cen Pac lst.. ] o2as l ,................lOl
80 Cent pac Is. II svrB6NY 24H
1880. tr......l26A U SO lst vii. S5A
g Col So Is ...... e7 ! ........... S5ls
as .............. S7t 5 So Of Cal en-
30 ................. ga rs, ...,.....lO6A
II Col / 4 % 80 10 So OF An LIST. lax
q Ch + gnl ISL lAh 3 stP Ma 2d.l22
lC& Ere lst....ll5 lstP gold....l6sA
g ot Ga en- 5s.. 90 10 ..............,l6sx
90 ......,,,.,...... 9oHi st p con. .......l 6Sh
s Oh. la Los ..lO6 2..............l6e
z Den h re- slO6A + StLsw lst e3a
Z bet City Gas 5slOl 6 StLS W I'd J6aH
..',.....'.....'' lOO'e o ..........AI.S... o4t
YEA Il nl5 slO3 s ............... BAN
8 Erprior BIDS. =. 03S 3 SanA&APlst4s so4
3 L Tenn 5s. .... AN ! ..............,. S2lt
Five lst... SO 5 .......,.,..,.. S2
4 .,.......,....... syn 2 ................. 90
7Ftw& RGlst So Rwy 5sl O1A
"'4s'......'... 6oH 9 .................l Oh
6 ................ con ...,.............llOA