The age-herald., 1899-06-10
SUGAR STOCKS
 TOOK BIG SLUMP Closed Day of Uniform Strength
 in Market.
COALERS PROVED STRONG
Bears Intellectual Attempt to Check Ad- vances by Raiding Continental
 Tobacco-Total Sales Bonds eS6. Were $3, 100000

New York, June 9-Late this afternoon occurred one of those slaughters in the in- nocents around the sugar post on the floor of the stock exchange which have come to be looked for as a periodical incident in the history of the exchange.
 For weeks there have been direful pre- dictions that the end of the Sugar stocks as a dominating factor in the refining h. dustry was at hand; that the fight of it's life was on it's hands; that the suspension of dividends was imminent to carry on the war, and all sorts of disastrous predic- tions.
 Gentlemen supposed to be verSed In the inside affairs of the company have either been silent with an expression Of pdainuVe sadness or have freely admitted their con- viction of the truth of the worst that could be said Many persons attracted by the prevailing nigh level of Sugar considering these conditions have sold the stock very literally with the expectation of buying back when the collapse came.
 A great many of these bought their stock to cover short contracts today at level nearly 2$ points above chat at which the dire predictions had carried 1t. Inside ln- terests became averSe to selling and held out tenaciously for the higher price. lnese exciting and painful incidents closed day of uniform strength The action Of the market was very similar to that Of yester- day, the early strength centering in New York Traction and grangers. The bears made an intellectual attempt to check ad- vances by raiding down Continental Ts- bacco over 3 points.
 They turned sugar backwards 1A points, but without marked effect on the general list. Later there was realizing in the New York Traction groups with reactions of about a point. The vigorous strength de- Velope6 by coalers again turned the mar ket upward. The same thing happened in the last hour when the professionals took profits.
 The recovery began in some of the ob- scure stocks, Des Moines and Fort Dodge rising, A; Consolidated Gas, points and the Wisconsin Central new issues 2Gi212. Peoples Gas and Steel and Wire also came later into the advance, the latter on pub lished opinion by a director in favor of dividend on the common stock.
 Then came the rush in sugar which made the last prices the highest of the day. The net gain in sugar is 6as, in Brooklyn Transit points, in Metropolitan Street Railway 5s; Manhattan, A. in the coalers, 11R in Delaware and Hudson and New Jef- sey Central, Az, in Lackawanna, in the
  standard stocks a point CT over
 The announcement of further shipments of gold was without the slightest effect on the market, as was the continued large selling for London account. An improved tone of the copper properties was an incl dent in the days market, Anaconda rising 2a.
 The market for railroad bonds was rather more active today and prices tended upwards. There was very large buying of the Reading and Colorado Southern issues. Total sales par values, $3153,600.
 United States 5s advanced F. but the 9s declined B in the bid price.
 The total sales of stocks today amounted to 65S, ,S29 shares. including: American Steel and Wire, 62,3 300; American Sugar, 97,3O0; American Tobacco 6,300; Atchison prefer red, 27,S00 Brooklyn Rapid Transit, 3,90); Chicago, Burlington and Quincy 27 400; c. M & St. Paul, P, ,400 Rock Island, 20,400 Continental Tobacco, 19,600; Federal Steel, 1S,50O; Louisville and Nashville, 5000; Man. haitian, 52,600; Metropolitan, Il 300; Kansas and Texas preferred, 3,SOo; Missouri Pacific, $500; Ontario and Western, 22.7OO; Peoples Gas. 14,200; Southern Railway preferred, 4,0OO.
 Money on call steady at 2a21a per cent; last loan. 21a.
 Prime mercantile paper, 3Ad4 per cent. Sterling exchange easier, with actual bus mess in bankers bills at $4S75s6D4S7s for demand and $4.S59s@4,S5B for sixty days.
 Posted rates, $4861a64.S7 and $4.S9.
 Commercial bills, $4.S5A.
 Silver certificates, 60Q62.
 Bar silver, 60%.
 Mexican dollars, 4S14
 Government bonds, irregular.
 State bonds, Inactive.
 Railroad bonds, strong.