Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-06-06
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bids, Grain,
Cotton, Provisions, Etc.

New York. June 5.-Thc stock market
showed symptoms of strength at various
times to-day but the pressure to sell at
the advance proved too much Tor inc
limited demand TO absorb, and the latter
part of the day was given over TO
desultory downward movement, which
carried prices below last nights level OK.
ccpt for few stocks. Inc strehS.n vi
n few shares was. in fact inc pIintip .t,
sustaining Influence of the market at ali
times. The best support OF TINS character
came from Atchson preferred, winch
began to move UPWARD eaLiH III r ,mu uas
ment. The declaration OF ~ per cent
for the scmi-annual period had been ac-
curatcly forccaStcd, and the advance In
the stock came to a standstil when the
dividend WAS announced. After hanging
sluggtshly for Il time the advance was
resumed on The giving out of the direc-
tors estimates OF the net earnings for
the fiscal year, showing Il handsome sur
plus over the full 5 per cent. dividend
requirement FOR the preferred stock
Atchison preferred thercupon rose to 7is.
which Is on a level with the high record
price made two months ago;
a number of other railroad stocks,
whose prospects of dividends or increased
dividends have been much exploited. but
not yet realized. showed the greatest
sympathy with Atchison. Baltimore and
Ohio Union Pacific and Missouri Pacific
were the principal instances. The re-
Spouse elsewhere was moderate. Owing
after the reorganization of the Atchtson
system, that railroad is able to show
large reductions at this time in operating
expenses, ana is almost alone among the
railroads OF the country In that respect.
The other incident of the day to attract
most attention was the Sugar dividend.
which was maintained ut the same rate
of lM per cent, as the last The move
ment of this stock showed that the re-
cent buying has been based on accurate
foro-knowledgc of this result. The selling
TO take speculative profits met so slight
demand that the price fell away weakly
aud had Il decidedly depressing effect on
the whole market. The rise of x at the
opening was followed by decline of 3Sl
on profit taking and the rally was only
feeble Aside from the sympa thetic In
nuence OF these movements. the market
was dull ana apathctic throughout.
There was a general but slight advance
at the opening i'll expectation Of the fav-
orable effect upon foreign markets of the
occupation of Pretoria. This expectation
proved delusive, and the market at Lon
don. Paris and Berlin all turned heavy
before the close. Rejoicing over the news
was offered as an explanation of Lon
don's failure to spend time in buying
stocks. and the Berlin market was
affected by weakness of iron mining
shares on the condition of the iron trade
In the United States. Advices from Paris
admit feeling OF apprehension over the
unsatisfactory conditions in China and
the international complications that may
follow the end of the Boer war Fear OF
generalization In freight rates were an
INFLUENCE in causing the relapse In prices
here The closing was dull and distinctly
heavy
There was large demand for Western
New York and Pennsylvania general
mortgage S-i's, but the maximum advance
was not maintained Otherwise the bond
market MARK was dull and sluggish. Tot,tl
United states bonds were unchanged In
plu quotations: The total sales OF stocks
to-day We're 2IS.300 shares
New York, June 5-Standard Oil 55oD
5.53. '' wv"