The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-05-02
New York Market Goss;p.

The following syn psI> " IN" gossip in rerlr.
l. the leading features Of tn New lurk market
was received by H.. r. Francis. B.1. * 90. y.s.
some % the London arhi;.age brokers ver,
IN the foo. % The stock Excaanc. here to-'ay
tUt made no attempt 60 trad. even on sr.e-.ula
u"n 10y tn" London market Tomorrow. Inc Jay
was clgsely- observed as 4 stock Exchange toli
day all "ser Europe, and there was no chanc,
Tho exchange presented almost Il holiday ap.
l"afaace during the greater part of the day,
the i"ir t-ing half deserted. and orders were
:" few that brokers who were there wer- iGl.
To-: lone intervals,
SUCKS If the local traction companies were
weak aEi lower this morning. as a result 81
the decision Of Judge Kennedy In the BunaI,
SnitS, hr"uSht as To- 'EstitutP'nality of franchise
tax Law. IN" idea. though. the tax. il upheld
On ma! u"cislnn. WIZ be 50 hufdenso'ne a. "a
,tlprle me CpnIanioS holding franchises. Prom
lNcht authorities on tax law matters. that have
l'han up IN" matter fr SPECIAL consideration
especially as regards the Metropolitan street
Railway. SAID that the tax On that system would
allowing as offsets the taxes already raid.
Alth"gsh there was Tot much activity To Lpath-
81 Important Developments In regard to "A trans
fe. Of holdings Of preferred stock to the inter
common stock. The Increase in the dividend iate
on the preferred stock early in the Year was said
arrangement. and a5G' , II 'l IS e exSe tttGpf To 'h be n Fey.
lowed by a partial settlement u tn. accru@i
more covcTinE d" Of nhelts'f Sari fs'f IN III, ineI s,v "l i5
steel and Wire and Federal Steel. bu, other
sustained material declines.
There were no new developments in the Sugar
asa'A' EAAhilHfls III sugar Was larry We'll held
and interests active in the movement since
early in April were buyers again to-day. Sons
Of the news agencies printed limitations that
III. harmonizing Of the various Interests viii
develop next week. hut there vas nothing to
confirm these limitations in the market move
Iu-nt to-day.
sugar hrekers report sudden Development If
very good demand for fctiup-i sugar. Large or
lerS have been iled with American Sugar Re
timing company and other Ieiin-rieS. American
S'.car Company Is allowing brokers one months
tam" IN which To- muvc sugar ordered. Advance
~ Price OF refined is looked for At any tire
since raw sugar advanced I-I5c Monday ami is
likely to advance farther very soon.
The drci!n" IN Union BAG and Paper stocks veg
t'riay T. In" lowest prices on record was accom-
Iauled ty r.YUTts To- ihe effect that International
Paper Company was To enter The particular held
uf the Urion company az an active competitor.
Long Island advanced before noon N the rEr-
chase nf }."a shares hy Won Enhurgh x After
bury. Although there vas no news IN regarG tn
the property. 1t was generally assumed that this
buying was for Interests that were fully posie,:
Gates some new development.
The engagement II S.in,W gold by the CITY
Thursday. was announced thi= morning This
makes the total Toyemont since April g Sine
cH.
Gossip in regard TO cotton was rs follows:
New York. y. Y.-Cottou in Liverpool IN
charged on spots: sales 500 bales. Futures
opened unchanged and closed ! TO ~. below yes
vas poorer than expected This market one Il
= To- e Voiats lower and ruled rather easy for a
time. osing 10 iiquidating sales. but became
stesaier on some shorts covering ana Il little new
buying. The weather South Is improving tcn-
pcrItUTe being higher. however. a coniinuarc.
Of favorable conditions Is necessary this month
to enable planters to Jrt in a full acreage. New
Orleans receipts for the week were estimate! to
h" large. $50 To- $3.50 Houston receipts quite
erEed ~ IL" daily reports from the cotton belt.
II favorable II will attfa"t selling. hut shorts
VII coser quickly and tab" the hun side IL any
further uniavorshle conditions Indicate a small
CT acreage than asst wear.