The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-03-16

The professional element made preparations
on Saturday to take advantage Of any further
improvement in prices that might take place
this morning in consequence Of a hopeful senti.
ment that 1t was expected would develop
over Sunday, bdsed upon the strength of Sat
urday's market. On a number Of occa-
sions heretofore the trading element has
pro6ted by selling stocks on a Monday
morning bulge; but operations of that character
to-day were successful in only a few stocks,
notably Missouri Pacific, United States Rubber
and Sugar Refining. They were successful In
those stocks only because they were affected by
specific developments, none Of which, 80 far as
can be learned, is serious, but In default OF any
special demand for the stocks named
the bears were able to make q good
deal of capital out of the incidents re
ferred to. 1t appears that there is q trade dis
agreement between the United States Rubber
Company and one Of its competitors. and enough
Importance was given to it in certain quarters
to depress the price of Rubber common over Q
points on very light transactions. A subsequent
recovery left the stock only fractionally lower
than on Saturday. Tho decline in Missouri Pa
ciic was q moro serious matter, because it was
brought about to an extent by an attack upon tho
company's credit, which was supplemented by a
campaign in the stock that left 1t 2ls y cent
lower than on Saturday after a recovery Of nearly
a point had taken place. Tho selling of Sugar
Refining was neither pronounced nor effective
until tho afternoon, when the sugar schedules of
tho new tariff bill were made public. 1t was
assumed by q portion Of the speculative
community, at least, that the proposed
tariff would work to the disadvantage of re-
finers. The first comment that suggests itself
Is that the sugar schedules have not yet been
enacted, and that tho refners have always
heretofore found a sufficient number Of infiu-
entail friends in Washington who have assisted
them In securing what they have regarded as
proper protection for the industry in which they
are engaged.
The market as o whole furnished unmistakable
evidence Of increasing substantial support. This
was most pronounced in the so-callcd Wander
bilt shares. The demand for those shares was
shifted 10 an extent from Lake Shore and New
York Central, which have enjoyed material ad-
vances, to Northwestern, Chesapeake and
Ohio; c., c., c. and St. Louis; the so-called
"Nickle Plate stocks, and Michigan Central.
The upward movement in Omaha common
continues, and that stock, together with the
others mentioned, with the single exception of
Chesapeake and Ohio. closed u point or moro
above the final figures of Saturday. st. Paul
and c., B. and Quincy, though fairly active,
fuctuated within comparatively narrow limits.
Consolidated Gas received more attention than
FOR some time past, and sold at the high
est price since the new journalism attacks
upon tho gas industry In this city and
Brooklyn. The volume of trading, both
In stocks and in bonds, was tho largest
since March 4. London appeared to take very
little interest in the speculation here, its opera.
tors being apparently moro intent upon watch
ing for the outcome of the complications in the
Levant. Outside Of the security market, the
most noteworthy occurrence was the large
amount Of money paid into the Sub-Treasury to-
day on account Of customs. The total re-
ceipts from that source were 81, 267,-
o79, the largest on any ono day In tho
history of the Custom House. The banks
made special deposits In the Sub-Treasury
for account of their importing customers to the
amount of 80, O24, 900. The chances are that
the payments on account Of customs will now
begin to fall of. for the unusually large amount
OF duties paid during the last week has resulted
from fears that the proposed now tariff might
be made effective from the day on which the bill
was introduced into Congress.
Final sales compare with those Of Saturday as
follows: