The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-04

FRIDAY, Dec. 8.
Tho dealings and fluctuations in stocks to-day
reflected differences of opinion and also a de-
gree of hesitation on both sides of the market.
The speculation. briefly described. was irrogu-
lar. and 1t was also q good deal narrower than
yesterday. The falling Off in trading was o little
moro pronounced in the bond department than
in the stock list. In spite of o GOOD deal Of
reassuring evidence to the contrary. tho Street
still entertains fears that Congress may do
something to disturbt the business of the country
or impair confidence to an extent that will hold
business in check. Until the Presidents mes
sage has been made public and the temper of
Congress has been shown, the market for
securities is likely to be nervous. At the
same time, some Of tho larger interests appear
to be confident Of the outcome. for they
buy stocks whenever the market recedes q point
or two. They are also influenced by the unusual
demand for investment securities and tho pub
LEGATION of traffic returns. like those made public
to-day, which include for November an increase
in the gross earnings of the Chicago Great West
ern Company Of $150,500, an increase Of $685..
600 by the Denver and Rio Grande Company, an
increase Of $443 600 for Rock Island, and of
$155. $3.50 for Wabash.
The dealings did not disclose any special
movement until the last hour, whom Manhat.
tan Railway jumped up moro than 8 points on
reports that the Appellate Division Of the Su.
preme Court had decided against the legality of
the underground railroad scheme. 1t was also
rumored that the company has established ami
cable relations with the new city government.
Prospects that the underground scheme will
fail. together with UNEXPECTEDLY large traffic
receipts, caused . further advance of nearly 2
points in Metropolitan Street Railway. Other
stocks that werc exceptionally strong were Rock
Island, st. Paul, Northern Pacific preferred, Chi.
cago Great Western, Susauehanna and Western
preferred, and Union Pacific. The fluctuations
In Sugar Refining were comparatively wide,
owing largely to sales to realize profits on
the decision of the Treasury Department
relative to the imposing of countervailinR duties
upon sugars imported from tho Netherlands.
There was sufficient demand for the stock at the
decline to bring about q rally of nearly a point
and leave the price fractionally higher than
yesterday. A number of tho usually less nc.
tive stocks made a good showing. There was a
revival of dealings in Consolidated Ice at a net
advance of nearly q point. As the company will.
according to trustworthy statements. show, for
the year now closing, a considerable surplus
after paying all charges and the dividend upon
the preferred stock. expectations arc reasonably
entertained that a dividend will be declared
upon the common stock before the end ofthe year.
The company has no floating indebtedness. hay.
ing issued within the year nearly 5000, 900 OF
preferred stock. TO liquidate an Indebtedness
that was incurred in acquiring additional prop.
crty. In the last hour tho market was Infu.
enced by the sharp rise In Manhattan. and in
consequence the closing was In tho main strong,
at a recovery from the lowest prices.
Final sales compare with those OF yesterday
as follows: