Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-06
STOCKS STAGNANT.
DOARD-RooM TRADERS DRIFT AND
FLOUxDER.
The DISTURBANCES In FRANCE.
These bring About Declines at the
Opcning-Sugar Suffers . Break of
-, Int Rallies 3s-Grains Close ut
DecIines.

NEW YORK, June 1.-THE professional
traders on the Stock Exchange made in
dustrious attempts all day TO get into
the current of speculat ton, but. as a mat
ter Of fact, there was almost no current
20 speak OF, so that the board-room
traders found themselves drifting and
hounderfng in stagnant waters. They
changed sides several times in the dull
market, and the net changes for the day
are consequently unimportant, outside of
a few of the speculative Specialties,
though the general average of prices is
notably lower. The opening showed de-
clines under the influence of the heavi-
ness in the foreign market, on account Of
the disturbed state of affairs In France.
Sugar and number of other Special
ties were attacked. and the bears also
had on their side falling off Ira the east
bound freight tonnage from Chicago a
decrease in Rock Islands net earnings
for April and renewed strength In the
wheat market. The manifest disposition
of bull party TO take up a group OF
iron and steel stocks on account of the
extraordinary prosperity In tnat trace
served to check the decline. The large
receipts of wheat at interior points offset
the fears OF crop damage, and series
of good returns on the current traffic OF
various railroads also helped TO strength
en- the stocks of those properties. The
local stocks showed disposition TO ad-
vance, and 1t looked like the Inaugural
ton of a hull movement when the break
In Sugar awakened uneasiness, and the
making of commitments on the long Sue
was put a stop to- There was hothihe
notable i'm the trading thereafter.
SOME HARDENING.
The extreme break in Sugar was IL.
h. .r.lI Inn ah
denng In the general list. The recovery
IN Sugar amounted to 33-4, the net loss
being 3-4. National Steel, Pressed Car
Steel. and Tennessee Coal and Iron held
their advance better than the other
stocks. There was a spread In the Ameri-
can Smelling stocks, the common weak
ening sharply, while the preferred adj
vanced over point. The plethoric condi-
ton OF the money market the good ran,
road earnings reported, and the general
activity and prosperous conditions in the
general channels Of trade are accepted
as promising increased values to securl-
ties, but the sugar-trade war and other
possibilities of q setback to highly spec
ulative stocks, as well as the manifest
disposition TO renew an unbridled specu-
lation in the securities OF new and un-
tried Industrial combinations, begets dls-
trust and hesitation on the part OF capt.
prices were much better maintained In
the bond market than in the stock mar
ket. but business in that department
shows small changes Total sales,
81 $50 600 United states OLD IS. coupon, ado
vanced IA. and the Ss and new AS, l-S
| in the bid price. oo-,oo
The total sales Of stocks were 39l 100
shares. including 21.152 Atchison, prefer
| red II GO Chicago. Burlington anu gum
CIV: II, l75 Manhattan; 5.925 Metropolitan;
| 70 o20 Northwestern: 1850 Northern Pa
| cific: $3.50 Union Pacific; $3.50 ST. Paul;
20 65 American Steel and Wire; H,1SO
| Federal Steel; $3.50 Federal Steel. prefer,
red 10, 2eO Peoples Gas; $3.50 Consolidated
Gas: $3.50 Brooklyn Rapid Transit; Z 40
Continental Tobacco; H,425 Sugar; 1850
| Tennessee Coal and Iron; 6,O63 western
Union. ~ x-c,r>-cr
Money on call steady at 2n2i9 per cent;
last loan at 2 per cent; prime mercantile
paper. 3ltm4 per cent.
Sterling exchange steady. with actual
business in bankers bill at A.S7&@SisS
for demand. and siS5i5NA.5A for sixty
Az. posted rates. 81 S5lka,S4.a and si.s9;
commercial bills. Asi2iMASA:
Silver certificates. 6Ol2n6ll2. Bar silver,
COS Mexican dollars, 4Sh.
Government bonds strong. state bonds
easy. Railroad bonds firm.