New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-16
CHARACTER OF TRADING.

The stock market true to precedent, advanced a,
the announcement which earlier In the week was
thought Of with dread and trembling. Cold VIII
go TO Europe to-day. But financial paralysis will
not follow, especially as currency has begun 10
move from the interior In the last hour Of trad.
ing the market was strong and animated on cover.
ing of shorts and buying for an advance by people
who speculate on the theory that stocks are
purchase on bad news. Values have discounted
everything bad In the situation. and the adyanc.
that began yesterday ought 70 run further. Sugar
Refining shorts OF Thursday were forced 10 cover
at advancing prices and throughout the lis, the
bear element discovered scarcity Of stock. TIL.
discovery may act as a damper on bear enthus,.
asm but bear oracIes are stlll predicting anoth,,
slump In the early trading commission houses
sold but London bought, while heavy buying BY
Wormser brokers exhausted the supply Of stoch
and started urgent covering OF shorts. Consolidate
Exchange plungeTs were said 10 be active buyen
The advance in Sugar a Wormser movement
based on renewed trade agreement stories. A
sudden advance In panhandle In the afternoon
was due to Philadelphia buying. and II was &C.
companed by reports that one OF the pending
suits had been decided In favor OF the "Pss
handle" stockholders. II was assumed In the boan
that the issue Of $l3.OoO0OO new Pennsylvania
stock had something TO do with the contest over
panhandle" earnings. Wasserman Brothers were
heavy buyers of American Steel and Wire. Good
buying of Federal Steel ana dctlNe covering IN
BROOKLYN Rapid Transit were noted. Urgent cover.
ing in the granger shares was feature Of the
late dealings The more active stocks closed at
net gains OF 1a2 per cent Sugar Refining gained
over 4 per cent and panhandle lOas per cent.
Total sales were 80 Az shares against lil9O00 on
Thursday
Some OF the buyers and sellers were:
Sugar. Ellingwood 8, Cunningham. W. B. Oliver
and H. Content Il Co. bought, ]. j. Manning, Hous-
man & Co.. j. Forster and Seymour, Johnson 4 Go.
sold. Northern Pacific, London bought. 81 PAUL
Housman & Co. and London bought: II. l. Horton
sold American Tobacco, Housman & Co. bought:
e. ! ChaDin a. Co sold 500. AtchisOn preferred,
London, Housman & Co bought Van Emburgh Il
Atterbury u. Gordon and traders sold. Brooklyn
Rapid Transit; Hasted & Hodges (a6out 1000 and
Housman & Co. bought; W. B. Oliver bid up: selling
scattering. Sugar, Tunis Bell & Co. Content co.
and Weaver. Harris & Co. bought. Roston 4 Bass.
T. L. Manson sold. Tin Plate. De Haven * Town
send 1000, Housman 4 Co.. Ladenburg, Thal.
mann & CO. bought Manhattan, Post a Flagg
QOOO H. Lapsley 600 and +. r. Williams bought
Manhattan. 7. b. Williams and Hasted 4 Hodges
sold. Chicago Burlington and quincy. T. H. Bssel
and Housman K Co. bought; Woerishoffer sold 800:
American Tobacco. Edey Sons and T; w. sayin
ern Pacific. Housmann Co. and London bought; L.
Levy and r. w. Thorne sold. Baltimore and ONO
bought: Henry Brothers 4 500 and speigleberg sold
Chicago Burlington and Quincy, 7. Wilson sold
1000 Leather. Lathrop, Smith & Co; bought 100;
sold St Paul ! x 5. Wormser bid up. General
Electric Seymour. johnson & Co, Keech Loew
& Co, Body. Mcclellan & Co. Wassernan
Brothers and G. e. Carry sold. PENNSYLVANIA, ~
strong Sturgis & Co. sold $500 Panhandle, Stern
berger. Fuld Sim and traders bought ana Do Up