The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-06-06
STOCKS AND BONDS.

New York, June 5.--The stock market
showed symptoms of strength at various
times to-day. but the pressure to sell al
the advance proved too much for the lin
tied demand to absorb. and the latter part
of the day was given over 10 desultory
downward movement. which carried
prices below last nights level, except for
g few stocks.
The strength of few shares was in
fact the principal sustaining influence OF
the market az all times. The best sup
port of this character came from Atchi-
son preferred, which began 10 move up
ward early in the day. in anticipation OF
the dividend announcement The declar-
alton of 2it per cent for the seml-annual
period had been accurately forecasted,
and the advance in the stock came to
standstll when the dividend was an
nonnced After hanging siuggishly for
a time, the advance was resumed on the
giving out Of the directors estimates of
the net earnings for the fiscal year, show
ing a handsome surplus over the full 8
per cent. dividend requirement for the
preferred stock. Atchlson preferred
thereuDon rose TO 7iss. 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 divi-
dends have been much exploited, but not
yet realized, showed the greatest sym
pathy with Atchison. Baltimore and
Ohio, Union Pacific and Missouri Pa
cific were the principal instances. The
response elsewhere was moderate. Owing
to the heavy outlay for betterment made
after the reorganization Of the Atchison
system, that railroad is able 10 show
large reductions at this time In operating
e. penses, and Is almost alone among he
railroads of the country in that respect.
The ether incident of the day to attract
most attention was the sugar dividend,
which was maintained at the same rate
Of ~ per cent. as the last. The move
ment Of this stock showed that the recent
buying has been based on accurate fore
knowledge Of this result
The selling to take speculative profts
met so slight a demand that the price
fell away weakly, and had a decidedly de-
pressing effect on the whole market The
rise OF x at the opening was followed by
a decline of 3A on proat-taking. and the
rally was only feeble. Aside from tho
syi pathetic influences Of these move
rnerts, The market was dull and npathetic
throughout. There was n general but
slight advance ut the opening. IN expec-
tation Of the favorable effect upon for
clgn markets OF the occupation OF Pre-
torta. This expectation proved delusvo,
and the markets. at London Paris and
Berlin all turned heavy before The cios e.
Rejoicing over the news was offered "a
an explanation Of Londcn's failure Il
spend time IN buring stocks. and I}er-
lin market was affected by weakness OF
iron mining shares on the condition Of
the iron trade In the United States. Adj
vices from Paris admit feeling OF app
pre hensjon over the unsatisfactory cpn3i-
lions in China and the International bonn
pIcatlons that may follow the end OF the
Boc- war. Fears Of Decentralization IN
freight rates were an influence IA caus-
ing the relapse IN pricesl here. The clos
ing was dull and distinctly heavy.