The Washington times., 1894-10-12
CUSTOMERS VERY SCARCE
Dealings Are Principally Confined to
Cliques and Room Traders.
INDUSTRIALS ARE INACTIVE
Sugar, However, Was an Exception and Was
Evidently Manipulated by Large Holder
-Grangers Suffer Bear Raid, but subse-
quently Recover-other Values Dull.

New YORK, Oct. 12.-The stock market
opened and closed firm. but in the in
terim the speculation was irregular, with
the tendency in the main to lower values, and
though there was quite squirt upward in
the final trading, the early losses were not
recovered. except in few instances. At no
time during the day was the volume Of busi-
ness heavy, but the business was much better
distributed than usual, and the railway list
was more actively dealt in, the industrial
group, with the one exception of sugar, for
once failing to monopolize the chief attention
OF the speculative fraternity.
A good many Of the specialties were
brought forward and made wide fluctuations,
and there were other indications Of a desire
TO break the bonds which seem TO have held
the market In IA groove these months past. 1t
cannot be said, however, that there are evi-
dences of awakening interest in what IS known
as the outside public. The cliques and room
traders still monopolize the dealings and the
commission houses report customers as scarce
as ever.
London was in the market as a buyer, but
confined itself almost entirely to st. Paul and
Louisville. bear raid was made on the
Grangers during the forenoon, which sent
them down fraction, but in the later deal
ings the losses were entirely recovered in
Rock Island and Northwest. st. Paul gained
3 on Yesterdays closing and Burlington and
Quincy regaiued all but y Of the early de-
cline. Louisville and Nashville was notably
strong. being in good foreign demand, as
well as a fayorite OF the local traders. chiefly
on a report that the earnings ofthe first week
in October would show heavy increase. The
stock improved steadily. closing at the high
est OF the day and at an advance OF II. Read
ing lost q per cent in the first hour on Phil
adeipnia selling, but in the. subsequent deal
ings came into better tone and moved up l s.
The unfavorable influence Of the annual re-
port still affected Western Union, which lost
= per cent. on the day.
To-day's movement in Sugar is credited to
leading manipulation OF the shares. who
worked more eOnservativeIy than usual, for
the stock was held within a range of less than
2 per cent An advance of q was made at
the opening, and then quick drop Of l per
cent, followed by a sharp recovery and in
the late dealings by further advance, which
brought the price up TO 34lt. total gain
from the low point Of Is and an advance
from last night OF per cent.
The Cordage shares were actively dealt in.
The common sacged of I Is in the early trad
ing but reports from an inside interest was
forthcoming, aud jump OF per cent. was
made which was maintained 10 the close.
The preferred rose steadily, the last being the
best price touched and per cent above last
nights.
Alton and Terre Haute advanced l pei
cent. and Erie Telegraph and Telephone,
which was listed this morning. sold up l :,
to 55I5 Toledo and Ann Arbor shows a de-
cline of . per cent; Leather preferred, l. :
Long Island Traction. IS and Wheeling and
Lake Erie preferred and Colorado Fuel.
per cent. The other changes were merely
fractional