New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-21
CHARACTER OF TRADING.

Tho feature Of the day on the Stock Exchange
was a sensational break in Brooklyn Rapid iran
sit which declined TO 81. against the opening al
7i-. The close was at 65i4 Houses with Boston
wire connections received alleged advces TO the
effect that a receiver for the company would be
applied for This report was promptly and en-
phatically denied. Another rumor. which obtained
wider credence, in effect that a large holder
OF the stock had been obliged By gas war necessi-
ties 10 lquidate n large speculative line OF stocks.
consisting chiefly Of Brooklyn Rapid Transit but
including also some Peoples Gas and Tobacco.
Room traders and some Of the larger bear opera
tors took advantage OF these rumors 10 hammer
the stock and the whole list but declines were gem
orally recovered before the close, except In BROOK
lyn Rapid Transit. Tho Steel shares were note
worthy strong features IN the early and late deal
ings especially American Steel and Wire, which
advanced SHARPLY on heavy buying by Strong
sturgs & Co and other large commission houses.
II was reported that tho stock would receive
dividend next month. and that Mr.. Frick would be-
come actively connected with the company. The
announcement Of Increased dividend on New
York Central impaired strong tone to the Wander
bin issues Commission houses were large buyers
and inside interests IA many stocks were active
on the bun side while the chief source OF selling
came from buyers on Mondays break and from
traders The anthracite stocks under pressure.
but rallied from the lowest prices before the close
New-Jersey Central was exceptionally strong on
and Hudson was well sustained FOR like reason.
Delaware Lackawauna and Western. howeyer.was
attacked sharply near tho close. breaking per
cent There was also a sharp decline In Consoli-
dated Gas. Peoples Gas broke ~ per cent when
the weakness IN Brooklyn Rapid Transit developed
but II rallied gu per cent. Federal Steel common
rose q, per cent. dropped nearly per cent and
then rallied 81. per cent. Tennessee Coal and Iron
opened up point but later fell per cent and
then recovered over half OF that loss Some OF the
buyers and sellers were:
" y. Oliver and Van Emburgh Atterbury
bought St. Paul: London G.0cO and Wasserman
Brothers sold r. w. Newton C.0OO and Filing
wood & Cunningham q .cDO bought American To-
bacco; C. l. Hudson & Co. 900 and Strong. Stur-
els & Co q OCO sold r. Ees O.00o sold Leather
common W H. Cranberry & Co. sold Federal
steel London and Clark Dodge co. sold Atchi-
son preferred T. L. segsberg bought Continental
Tobacco preferred Strong. Sturgii & Co. 5000
and Van Emburgh & Atterbury 2000) bought Wire:
J. G Kilbreth sold Hedge Lounsbery & Foster
bought ST. Paul G.. A. Harmed & Co. bought Wire:
Moore & Schley sold. Weaver Harris e co. bought
Sugar Refining. G. l.. Rathbone co. d.O0O sold.
Van Emburgh & Atterbury 5000 bought Wire.
Halle & steglitz bought Cleveland Cincinnati. Chi
cago and ST. Louis and Chesapeake and Ohio. II.
Clews & Co sold Chicago. Burlington and quincy.
T. A. Fairchid d.0oN bought Continental Tobacco
preferred and Southern Pacific. Muir & Powell
bought Pressed Steel Car common and Chicago
and Great Western. II. Lapsey & Co bought
Manhattan; w. B. Lawrence & Son and Domlnick
e Williams sold. Moore & Schley sold ST. Paul.
Iadenburg, Thalmann & Co. O.o0o) bought Ameri-
can Tobacco: C. l. Hudson & Co. $3.50 in alb. De
Haven & Townsend 1000 and Engwood & Gun
ningham 1000 sold. Brics & Peters 1900 sold
Brooklyn Rapid Transit Halsted q Hodges C20cO
sold Manhattan. a. Thompson sold Tennessee Coal
and Iron H. b. Hollns Co (2ooN and Clark
Dodge & Co. q OO0 bought American Tobacco: c. l.
Hudson & Co. 1900 and Post & Flagg sold