The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-06
THERE WERE SYMPTOMS OF
STRENGTH THROUGHOUT THE
DAYS DEALINGS
MARKET CLOSED / APATHETIC
Early Activity, However, Was of
Better Sort Than Has Been
Recorded Of Laie-sond
Demand Fpir.

NEW YORK, june 5.tThe stock mar
ket showed symptoms of strength ut va
rious times today, but dhe pressure to
zen zen at the advance proved too much for
tEe limited demand to absorb and the
latter part of the day WAS given over to
desuitory downward movement which
carried prices below Last nights level
except for a few stocks The strenptb n;
a few shares was in fact the principal
sustaining influence of the market at ali
times, the best support of this Character
coming from Atchison preferred, which
began 10 move upwards early in the day
In anticipation CT the dividend announce
ment; The declaration of 2Ia per cent
Tor the semi-annual period had been ac
cIurdtely 1ofecasted and the advance in
Ine STOCK came to StandStill when the
dividend was announced. After hang
ing SlugglShiy for a time the advance
was resumed on the giving cut of the di-
rec e estimates OF the net earnings for
me IScai year, showing handsome sur
plus over the fuil per. cent dividend re-
qulrement for the preferred; stock .Atch-
lson preferred thereupon rose 10 7lskc.
winch IS on level Yitth1the high record
price made two months ago. a number
OF other abroad stocks, whose prospects
OF dividends or increased dividends have
oeen much exploited. but not YET real 4
eu, showed the greatest sympathy with
Atchlson. Baltimore & Ohio, UniCn Pa
cine and Missouri Pacific were the ID in
cipal instances.
The response elsewhere was moderate
Owing to the heavy outlay for better
ment made after the reorgan eaton Of
the Atchison system. that railroad is able
TO snow large reductions at this time in
operating expenses, and 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 dlNldend. which was maintained at
Ine same tate Of " per cent as the last
The movement of this stock shows that
the recent buying has been based on
accurate foreknowledge jef this result
IN, me selling to take speculative profits
met so sight a demand that the price
fell away weakly and had a decided de-
pressing effect on the market The rise
OF OF at the opening was followed by a
DECLINE of 81 en- profit taxing and the
rally was only feeble
Aside from the sympathetic influence
of these movements the market was dull
and aPathetic throughout There was a
general out slight advance ut he open
ing in expectation ofothe favorable effect
on foreign market IS of the occupation Of
Pretoria. This expectation proved delu-
sive, and the markets at London. Paris
and Berlin all turned heavy before the
cIose. Rejoicing over the news was Of
lered as an explanation Of Lon.ions ia l.
ure TO Spsnd time in buying stocks, and
the Berlin market was affected by weak
ness OF iron mining Shares on the condi-
States.
Advises from Paris admit feeling of
apprt mems on over the unsatisfactory con-
dtlons IN China and the international
complications that may follow the end
OF the Boer war Fears eff demora liza
ton In freight rates were an influence in
causing the relapse in prices here The
CLOS ng was dull and distinctly heavy.
1hcIe was a large demand for Western
New York &c Pennsylvania general mort
gage rs. cut the maximum advance was
not maintained. Otherwise he bond mar
ket was duh and sluggish Total sales
par value. N,3f5,Gt0 United States bonds
were UNCHANGED in bid quotations.
STOCK QUOTATIONS.
Furnished by Charles II. f. Smith &
Co., members of the New York Stock ex-
ehange, Pioneer Press building. who have
91alect wires to Chicago and New York.
Closing prices are bid: