The Washington times., 1894-10-19
TRADERS PLAY FOR POINTS
Uncertainty About Gold Shipments
Makes Transactions Light.
SUGAR TAKES IT'S USUAL LEAD
A Clique Movement Sends the Stock Up and
Down at Will and Finally Closes 1t a
Point Above Wednesdays Final Figure
General Electric Raided by the Bears.

New YORK, Oct 1S-The stock market
opened and closed firm, and in the interim
speculation was somewhat unsettled, but
prices in the main were well held, and in a
majority of cases the result THE days tran
sactions Is an advance in prices ranging
from Is to 29s per cent. The volume of busi-
ness was lighter than usual, the trading be-
ing restricted by a renewal of the talk of i'm
pending gold shipments due to the hardening
tendency exhibited by the sterling exchange
| market
The stock exchange bears prophesied gold
shipments on Saturday at the latest, but none
Of the banking houses which do this business
could or would state definitely that gold
would go forward this week. The best opin-
ion is that sterling exchange must make a
further advance to render exports at profit
possible. and that in any event the movement
would be slight The question was, however,
sufficiently doubtful to make intending pur-
chaserS cautious, and yet the short interest
was somewhat timid to increase old or put
out fresh lines upon such slender threads as a
prospective gold shipping movement. Trad
ing, therefore, was limited to playing for
points by the room traders except in some
special instances.
Sugar as usual took the lead tn the trans
actions, opening at an advance OF % and i'm
| mediately taking turn downward to touch
ing S53s, a break OF rs per cent. 1t was
purely clique movement, and having appar-
emily reached the desired low point the ma
nipulators sent the stock up to S79E, closing
it within "a of the best and l per cent above
yesterdays closing the preferred gaining p.
General Electric which has not been par
ticularly active for sometime past, came into
prominence in trading at the opening, losing
and gaining 55 per cent. in rapid succession
and then on sales of liquidation OF long ac-
account and also for the short account break
Of per cent was effected. the bears finding
the stock in good supply and hammering it
badly. Boston Houses covered moderately at
the lower figures, but the final sale was within
Is of the lowest.
OF the granger group ST. Paul was most
largely dealt in, but fuctuated within a q
per cent. limit and closed 4 of on the day.
Burlington and Quincy moved within range
of u and Northwest Of u per cent, both
closing unchanged from yesterday. Rock
Island gained Is on the day moving within a
range OF l5 per cent. Chicago Gas was
strong on buying by bull clique IN the
stock, advancing "a per cent. ana retaining
ali but 1s thereof to the close. In the rest of
the list the trading was light, but some of
the specialties huctuated widely. Oregon
Navigation broke 3 per cent on sales OF 200
shares. Minneapolis and st. Louis, st. Paul.
Minneapolis and Manitoba lost per cent.
| each. The Rubber shares were strong. the
common on purchases of 20 shares adyanc-
| ing 29L and the preferred on purchases OF
| 200 shares gaining ~. Baltimore and Ohio
recovered per cent OF yesterdays 5l6 per
cent. break. Pullman shows an improve
| ment OF l per cent. The other changes ARE
mainly fractional.