The Washington times., 1894-06-07
BRISK BUYING IN SUGAR.
A Lively Day or the Stock Exchange will
Heavy Deals All Around.

Lively Day or the Stock Exchange with
Heavy Deals All Around.
Ngw YORK. June 6.-The volume OF business
on the stock exchange to-day was greater than
on yesterday and the transactions were more
widely distributed throughout the list, Sugar,
however, receiving the largest share OF specu-
lative attention.
At the opening there was considerable
excitement in the sugar crowd and the trading
was so furious that the first report that came
from the stock ticket was "Sugar opened
10000. from l05 TO 107. the first price being
one-fourth per cent above yesterdays closing.
The shorts who were anxious to cover were
the main buyers in the morning. There was.
however, numerous selling orders on the
board from holders who saw a handsome
profit and desired TO realize. and for while
these counter movements, being about equal
in force, held theSStock between the figures
given above. "
About noon the buying became less pro-
nounced AMI prices took q lover range, and
during the next hour tho fluctuations were
between 1861 and 1873. About hai'-past one
o'clock 1065s was touched, at watch time brisk
buying was encountered. causing II rally TO
1075S. but in the final dealings Il reaction OF
4 WIS made. leaving IL gain OF = on the day.
Sugar preferred rose ia hut lost u in the
final tradings. The declaration OF the regular
dividends on the common and preferred
shares had practically no eject on the specu-
lation therein. which seems TO be controlled
ut present almost entirely by the tariff posi-
bilities and the operators who base their
market calculations on the fate of the SUGAR
schedule of the tariff bill.
A great deal of long sugar stock was
brought out to-day on which good proat
was made. and there is a growing belief that
IN
on the market. as the clique brokers have
been among the heaviest sellers. OF the other
industrials Chicago Gas was the most active,
and after an early decline OF 4 per cent. sold
up u, aud held the advance TO the close.
Distil!ing receded Il small fraction in the
morning, but during the afternoon, on free
buying partly by Washington houses. recorded
an improvement OF T. and closed within Is
Of the best price Of the day.
The trading in the rest of this group was
light, and the only changes above fraction
were advances of l per cent. in Cotton Oil
preferred and u in National CordaSe pre-
ferred.
The railway list was byno means neglected.
and despite the fact that there were occasional
reactions, the undertone of the market was
strong throughout the day. The advance in
wheat stimulated the purchase OF the Gran
gers and also helped tine rest oi the list. Lon
don was in the market rs II buyer OF nearly
all of the international spaciaities, notably
of st. Paul, which made an lnce OF Il,
per cent and held all but Is thereof to the
close. Rock Island rose rs; Burlington u,
and Northwest q, the last being the highest
prices of the day in each case. The other
more important gains on Yesterday : closing
figures were Missouri pacitl'' AMI New York
Central. per cent; Louisville and Nashville
and Erie preferred. I; Northern Pacific pre-
ferred, 3. and New York. New Haven. and
Hartford, 45s. Manhattan lost per cent.