Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-12-11
SUGAR TUMBLES.
spreckels' Refinery Causes a Break in the
Trust-Chanzes in the Share List
Evenly Divided Between Gains

ana AFOSSeBs
NEW YORK. December lO-The stock market
to-day showed more animation in the unlisted
department than for sometime past and the
aggregate of the business done was con-
siderably larger than that of the past few days
The general market displayed steady harden
ing tendency throughout the greater portion
of the day. but late in the afternoon, money
having ruled at from to per cent suddenly
advanced TO Is and stayed there until the close,
and occasioning the loss of most of the i'm
provemeut recorded during the earlier portion
of the day.
The features of the regular list. were the
Gould shares, New England and ST. Paul
Western Union was the most prominent of
these and it steadily advanced until it touched
Sc, at about l P. NJ. when it was announced
that the executive committee had recon-
mended an extra dividend of q per cent. This
accounts for the rise of the past few days, and
it came to an end right there, and by the end
of the day there was only small fraction left
of the days improvement.
Missouri Pacific was prominent and moved
within comparatively narrow limits but pre-
sented firm front throughout Among the
specialties the only movement of importance
was in Ohio Southern, which suddenly became
comparatively active and advanced sharply,
reaching 1877, against Il, its last sale, few
days ago
The great feature Of the days trading, how
ever, was sugar I0Hues, WnlCn opened down
over point and further declined aoout 6& per
cent. The cause is to be looked for in the
opening of the Spreckels rehneries and which
began operations yesterday. and this induced a
food of long stock to come out The reports
of an Injunction against the payment of divi-
dend were not without their effect There was
rally of nearly 8 per cent but
the stock soon settled down again
and closed at very near its lowest
price Chicago Gas, whose affairs are still in
an unsettled state, joined the movement in
smaller scale. The final changes are about
equally divided between gains and losses.
Railroad bonds showed more animation and
the business done was fairly distributed. though
Kansas and Texas Is furnished SIP 600 ont Of
the total of ST. 5S5 600 The market was a.
usual. somewhat irregular, but generally firm.
and the changes are in the direction of higher
figures. but there was no special feature to the
dealings.
O'Regen Improvement Company has sent an
agent to negotiate the sale of part of the pro-
posed new SIS. .OO0 900 mortgage. with which to
take mp the first mortgage per cent bonds of
which there are S4,5S6 000 and the preferred
stock, of which there is S2c00,OO0 inaturally
starts the inquiry as to what the company
proposes to 90 with the remaining S. 4lzOOO as
this wonld be an increase of about IS per cent
in the capitalization of the company. There
forenoon at 46Z, being ~ lower than yester-
day, though on Noyember % 1t was down to
AZ, the lowest price this year.
The following table SHOWS the prices OF active
stocks on the New York Stock Excnange Tester-
day. Corrected daily for THE DISPATCH by
bers Of New ork Stock Exchange 81 Fourth ave-
nue.: