The age-herald., 1899-06-10
FINANCIAL REVIEW

New York, June 9-Bradstreets's finan- cial review tomorrow will say:
 At the beginning of the week the mar ket showed a disposition to continue it's dull, sagging tendency. The announce ment of further gold shipments was calcu- lated to support this belief, and with the absence of any public buying led the pro- fessional traders generally to act on the snort side of the account. There was, how ever, less evidence of liquidation and the money market failed to show any trepi- dation on account of the gold shipments, which for the past ten days reached the total of $2,500000. Tho large holdings of gold in the banks and the treasury and with the abundance of money and the absence of any exceptional demands at present rob the movement of it's usual effect. It also clearly recognizes that at the present rates of exchange some Euro- pean interest, generally thought to be the Bank of England, itself, has put a prem ium upon gold consignments, small but sufficient to induce an artificial flow from this country. There was steadier tone in Tuesdays trading and Wednesday yielded two incidents which at least seemed to change the temper of the specu- lation. One of these was the declaration of the regular three per cent. quarterly dividend in the American sugar company's common stock, a matter about which the street had indulged in more or less doubts for full month. The other was the decla- ration of one-half per cent per yearly dividend on Atchison preferred, with the announcement that the earnings of the road in the fiscal year ending June 13 would also provide for another half yearly dividend of the same amount next Jam uary. Covering, not only in the stocks just named, but in other parts of the list, ,a at once ensued and some fresh buying was attracted. The upward movement con- tinued on Thursday. The steel stocks, in spite of some irregularity in American Steel and Wire were generally higher and the strength of the market on the whole seemed to center in the portions of the list which had been the object of the principal bearish pressure. The frmness of the grain market and unfavorable accounts of the crops had apparently little further in fuence on speculation. London took but a small part in the trading here, though the Atchison dividend induced some foreign buying of that stock On the other hand the weakness of the mining division of the London market caused by the failure of the Transvaal negotiations did not find any reflection here, apart from a decline in Anaconda shares and the continued heaviness of Amalgamated Copper.
 The bond market continued to be very strong with an unabated demand for the better kind of issues and such a scarcity of such offerings, even at the highest prices that the inquiry is perforce turned to lower grades and new securities, more or less attention having been given this week to first mortgage bonds to be issued by the re-organized Wisconsin Central.
 Wheat, including flour shipments for the week aggregated 3,15S,0i7 bushels against 3576,065 bushels last week 47309S2 in the same week of 1898, 9,222 ,695 bushels in 1896, and 17S1, ,737 in 1895. Since July l the sea- son exports of wheat aggregated 2l5,223, ,4S5, against 22O, 046 bushels last year, 474,- S38 in this year ago. 2,39S294 in 1891; 1.595.- S29 in 1896 and G55 753 in 1895. Since July l the seasons corn exports aggregate G0140,- 425 against 1S6 697, 32O during the same pe- riod year agao. Business failures in the Dominion of Canada for the week number 19, against IS last week, 26 in this week year ago, 3S in 1897 and 1895 and 2i in 1895.