The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-12-04
T. financial.

Heavy Throwing Over of Stocks,by Large
Operators is what Discouraged Outside
Public.
New York, Dec. 3.-Outside buyers
had withdrawn from the market to-day
and the field was apparently left to lie
fallow by the large operators who have
been prominent in the manipulative
movements of the week. The heavy
operators yesterday to realize and by
others later to save losses was what dis
|couraged the outside public. The bears
were in evidence from time to time,
but their offerings seemed to be well
absorbed without effecting any marked
declines. There was no evidence of any
effort to mark up prices. The action of
the market suggests that large opera
tors may be attempting to pick up a
line of stocks at the decline before push
ing prices again with the purpose to
realize while the public is still buying
as was done on Monday and again yes
terday.
Sugar was exceedingly active all day
II.
This was partly due to realizing on
stock bought in anticipation of the
treasury's decision to apply the counter
vailing duty to sugar imported from
the Netherlands and party to confusion
of mind as to how far the differential on
refined sugar would inure to the benefit
of the sugar company. A large portion
of the speculation was taken up with
this stock and the offerings and the
weakness increased as the day progress
ed. Union Pacific manifested some
weakness at times on account of the
firmly expressed intention of the gov
eminent to qualify as bidder at the
Kansas Pacific sales so as to protect
it's interests if necessary by bidding in
the property.
Denials were also offered on behalf
of the reorganization committee that
any agreement had been arrived at with
the government for acquiring the SUBJ
sidized portion of the line in Kansas
There was good support apparent for
the stock, notwithstanding this pub
ished news, and the Kansas Pacific
consol skies trust receipts were also
steadil held The wide and irregular
movement of some special stocks kept
the general list very much unsettled
during the day and it was difficult to
discern any marked general tendency in
the trading.
London was again seller of stocks
in this market to some extent. There
was little general news bearing on the
situation and the movement of prices
was due almost entirely to technical
causes. The fourth week statement OF
ST Paul and other roads and the esti-
mated gross earnings Of Rock Island
for November were regarded as favor
able. but had little effect ON the market
| The late squirt in Manhattan to los, a
net rise of 81 points, stiffened prices
and brought many of them above yes
terday's closing level. Otherwise losses
would have predominated. The rise in
Manhattan was due to a false rumol
| that the underground rapid transit plar
had been declared unconstitutional.
The business in bonds was somewhat
curtailed, but still large. Prices held
firm. The total sales aggregated 49,.
| $50, 900.
| There was an advance in the bid price
of United States Is of y and Of the new
As of X.
Following are the closing prices re-
ported by Prince & Whitley, bankers
and brokers, Is Broadway, New York
and Is Center Street, New Haven: