The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-10-09
YrrAru1p AND oOlrnunor1E.
SATURDAY. Oct. g.

gAIVHuANs wv De-
Transactions on the Stock Exchange this
week have reelected 4 considerable diminution
IN the volume Of outside business. Not only
hare total SALES been smaller than last week.
but the total has been utnde up largely
Of professional trading, particularly In
two OF three Industrial stocks. the iue-
tuations in which are too mercurial
for the average Spectator. In spite Of
this apathy on the part Of the, public The stock
list shows few noteworthy net t1sses, and the
Aatority Of stocks closed higher or un-
changed as compared with q week ago.
Sugar Refining has sustained q net loss
- nearly three points In consequences Of
re reductions In the prices Of refined sugar
That took place early IN the week. During
re last few days the stock has shown o. dis
posltion to rally. partly because those Who pp.,
eroi the market for 10 whether they ArS loatSrl
short Of II. have oxacted q small premium Tor.
che use of the certificates for Immediate de-
IiveEY. The Northern Pacific stocks, which have
been exceptionally strong all along, have sus-
tained comparatively small net losses In conse-
Gusnce Of the circulation Of disturbing rumors
- TO the policy Of the management created By
che voting trustees in operating and financing
uhe property. OF the less active stocks Con-
solidated Gas has felt the growing competition
with other local companies, while Union
Pacific. Denver and Gulf has reflected the dis
satisfaction Of the shareholders with tho pro-
posed plan Of reconciliation.
The persistent efforts Of Representatives Of
the American Tobacco Company to secure cone
troll Of its competitors In the plug tobacco man
ufacturing business appear 70 have encouraged
hope In some quarters that those efforts will be
successful. This accounts for the net advance
In American Tobacco. Metropolitan Street
Railway also enjoyed q large net advance on the
prospects Of increased earnings from its re-
Gently opened lines. The progress toward
higher prices made By Peoples Gas. Man.
haitian Railway. Brooklyn Rapid Transit and
United States Rubber Issues II explained BY
Developments that have been noted too re-
oently to be adverted 10 again ct this time.
Vigorous attempts have been made an the
week to depress prices. and u 70 significant
therefore. that such leading issues a. the
Granger stocks closed 81 IN average net ad-
Vance Of q point. Gom0 importance can also
properly be attached 10 the larger dealings In
bonds. which. a. . rule. have been made ct ad-
vancing prices. The circumstances that have
checked activity In the security markethavo not
induced any extensive selling. particularly By
actual holders. That much Of thO selling has
been for short account IL shown By the fact
that prices rally on Q much smaller volume OF
trading than IN recorded when . decline Of
equal magnitude takes place. The borrowing
demand for stocks at the close Of business to-
day was much larger than ct any time this
week.
Ine deenngs oo-dAy were NOT large nor were
Nney wen oiSsrouseo- Nortnern kaeino oom.
mon ieo the nss IN rSspecs 70 eciVity ana
closed fractionally higher than yesterday. This
movement Influenced the entire speculation.
The only important fluctuations were advances
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