The times., 1899-06-10
SYeGES CONTINUE In
THE UPWARD COURSE
The Standard Issues Notably
Active and Strong.
New York Traction Shares Again
Attractive Trading Features.
Sugar Conspicuous in the Industrial
Quarter - sharp Advances I'm
American Steel and Wire.

New York, June 9.-Scarcely trace of
the weakness that marked the final deal
ings in the stock market yesterday was
apparent this morning. To some extent
the decline in the last hour yesterday was
due to the exaggerated reports in regard
TO the extent Of tomorrow's gold ship
ments and it became evident early today
that the exports would not exceed the
estimate made on Wednesday.
An additional shipment of 81. 900. 900 vas
announced at the opening Of business,
making the total by tomorrow's steamships
$4,000, 600. The bills sold against these
shipments rather filled up the demand for
exchange and sterling rates declined
slightly. 1t is probable that next weeks
shipments will fall far below those of
this week, if, indeed, there are any. At
any rate the matter of the gold exports
was q small factor in the speculation in
the stock market nor was there much dis
cussion as to the effects upon the bank
statement tomorrow of the outflow Of gold
and of the cash losses the banks have
made this week in their dealings with the
subtreasury. All OF the gold TO be shipped
tomorrow was withdrawn either from the
clearing house vaults or from the sub
treasury on the presentation of the So
called yellow tickets so that, OF course,
the Treasury's gold holdings will be wholly
unaffected by the exports. There was
practically nothing that was new in the
days situation upon which discussion
focused. Few interesting statements OF
railway traffic were submitted and the
adviees from the surplus grain growing
sections were necessarily indeeisive.
Money on call was put out with difficulty
at per cent, and that market was rela-
lively as easy in its time divisions.
There were a number of sharp advances
scored in the bond market in the semi
speculative grades. notably in the Colorado
Southern. Wisconsin Central and Reading
issues. The dealings in the stock market
were again remarkable for the unusual dl-
yersifcation of interest. The standard
stocks were all notably strong and active,
as were the local traction issues, while
there was increasing activity in the
specialties, such as Des Moines and Fort
Dodge. Evansville and Terre Haute;
Southern and Minneapolis; St Paul and
Sault Ste Marie While the days aggre-
gate dealings footed up only moderate
total II has been long time since there
has been such great activity simultaneous
ly in all quarters of the market Loncon
furnished a higher range of prices for
American stocks, but on balance sold up
Prices in the general market seemed, how
ever. to be but little affected by the
threatening outlook in South Africa.
Apart from the specialties the days most
pronounced advances were in Manhattan
Railway, and the other local traction
shares, the granger stocks and Consoli-
dated Gas. In the industrial quarters Su-
gar Refining was the conspicuous feature,
and there was also great activity in the
advancing prices of Peoples Gas. Ameri-
can Steel and Wire advanced rapidly on
covering of short contracts induced by
more confident assertions in regard to the
dividend on the common stocks. The
dealings in the anthracite group were more
active than for a long time, and pro-
nouneed gains were scored in that quarter
also. The market continued strong and
active up 10 the closing dealings, when
some of the highest prices Of the day were
recorded.