The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-02
CONFLICTING
FLUCTUATIONS.
Price Movements in the Market Were
Manipulatiye.
DAY CLOSED WITH NET LOSSES.
Weak Sugar from the War Scare Was
Probably Responsible -- Tobacco
Fell Six Points-The European
Situation Caused tncasincss

NBw YORK. Nov. 1.-The trust stocks
continued 10 absorb large share OF az
tcntion I'm wall street to-day. The nuc-
tuati0ns were violent and at times con-
niCting but owing 90 the predominant IN
hucnce Of Tobacco Boa this class or seculi-
ties most Of the group closed the day az
net losses Tho trading IN an OF thtH
was with full "Mvstcr on and there was
no conclusive reason known 20 the pun
lie either for The carly advance or a sun
sequcnt decline Probably the inherent
weakness Of Sugar iu Wow OF the Ioi-
midabie sugar war iu prospect was the
root OF the difficulty. which was prcclpi-
tated by the statement that one OF me
new rival conn anlcs had commented iucIl-
iug sugar TODAY. There has bccn Eood
support pf Sugar for several days, with
the obvious intent of aiding the rise and
when 10 proved TOO heavy to-day lopacco
TOOK sudden DRIP over points, ana
nuCtuatCd fovcrlshly for the rest OF TIE
day. 10 Is quite possible that Tobacco
was allowed 10 fan with view or shah-
ing on an undesirable speculative follow
ing, but whatever the purpose. the move
mcnt OF the price was purely manipula-
tive and under accurate control Inc
Federal Steel stock fen OF from the best
m sympathy. but the nuctuation ln THESE
was much narrower. and the support appa-
rently more substantial. The securities OF
the new Standard Distilling Company the
twin company Of the American Spirits ke-
nniuE Company. were the latest aces
si0ns 20 the list OF s0-callcd trust siochs
on tho exchange. with an added Capl dli-
cation Of S24. ZOO 900 TO this class Of secur-
ties They rose from . 10 212 points over
the early quotation. but saettu De+ote
the close II the general heaviness OF the
market. The always vulnerauIc coditIS
came IN for some severe rdps on tlt
ground Of the unfayoraole oeptemDel
statements Of Reading ana New JtIstS
central and the general depression ~ the
sntbracite trade Extreme declines
ranged from 2 TO 30, in The group. which
uncovered stop-iOss orders. but which was
followed bv "a rally on covering OF snoris.
Changes I'm the railroad list are very
small as a rule. and though losses pre-
dominate there is "a fair sprinkhng OF
gains Norfolk ana WesIeta 49,. 49,, So ~
"A conspicuous example on IT'S strong sep
fombor statement. showing last year
bfrh level Of earnings well maintained.
There was not lacking "a feeling or uh-
easinces over the threatening portents
iu the European political horizon fcIect.
ed hx the spasmodic raise I'm international
stocks I'm the absence OF trading on Inc
paris and London Stock Exchanges
stocks as a whole, however, showed
themselves very little effected.
Though prices I'm railroad bonds as
rule were easier. there were exceptions
on the side OF gains Total sales. S2,2lo.-
OO0. United States 3s registered ana
price ThS 3s. coupon. sold as high as
iC5[. ex-mterest, which IS equivalent 70
Inc hest price with the interest on.
Total sales Of stocks. S336. 900 SHARES;
Including 1855 AtchisOn preferred, tlZZ
Delaware and Hudson, 9,44j LOUISVILLE
and Nashville 10.Q32 Manhattan, J233
Northern Pacific 1895 St Paul. 200
American Cotton OIL. si42o Tobacco ana
1893 Sugar.