New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-13
CHARACTER OF TRADING.

The stock market enjoyed rally yesterday but
heavy profit taking sales before the close prevented
important final gains. In the early dealings prices
sold off further bear pressure, and reports tnat
the decline OF Monday had caused serious trouble
In several houses The reports were unfounded
There good buying, however. and London took
upward Of 10000 shares more than it sold. There
was more liquidation in Tennessee Coal and lron'
and II was said in we'll informed quarters that the
lack OF support due to the possibility or no
dividends on the stock In the near future, despite
the companys big earnings. Interests connected
with the trade said that the company mad IN
creased it's floating debt by about 100000 In con-
nection with the purchase of the Sheffield plant
and that recent efforts to place bonds Al ohOe
against this purchase had not been successful MAI
haitian was sold by traders, but rallied on ouyIne
for both accounts the declaration OF the uSu'i
quarterly dividend. The other traction SHARES
were weak in the morning. but they rallied IN 'he
afternoon. Brooklyn Rapid Transit showing par
ticular strength Federal Steel issues were s'ronS
features. Both the common ana the pre-
rose sharply on buying of a good character o"s'u
on the expected action OF the directors III lesaiu
TO the dividend on the preferred ana an announce
ment OF an encouraging nature regarding the com
mon American Tobacco broke 2i2 per cent ou'
subsequently recovered over per cent. Coh'l-
mental Tobacco lost over point at the start out
later rallied per cent Metropolitan o'i'e'
Railway declined nearly per cent but railleu over
4 noints In the railway list the rally III many III
stances went further than the extent or the pre-
vious decline In the last half hour there was
further weakness Sugar Refining falling Poi'i'S
from the highest point. The market closed rreg-
ular and somewhat unsettled. Government pohos
we're advanced II per cent for the os' q lot t'e o
As and y per for the new As
Some Of the buyers and sellers were; r. D.
Hollins & CO.. F. w Gilley & Co. l. & 5 Wormser
and 7 < Bache & Co. bought Tennessee Coal ana
Iron. J. NJ Amory & Son. j. Wallace & Co, H. >
Sternberger and l. F. Mead & Co. sold. j. L. Giad"h
houeht chicago Burlington and Quincy; Eames q
Moore 70 O0N and A. NJ Kidder Co sold. H. b. nor
Inns e. Co QO)O) J. NJ Fiske & Co. Hurloert mac"
e. "a Hopkins Brothers and j. NJ Amory d son
bought Sugar Refining j. L. Gladwin N'VVV Sou
New-York Central. J. J. Manning Q,5W' JONES'
Marry & Co $500 Pearl & Co Q,VVO, VI. u
Rouvier & Co Q0OO. C. Minzeshemer q Co.. A.
A Housman & 60. bought Chesapeake and ONO
q r Hookins 4 CO. sold Wire. Halle Stleglltz
% 5d,O Eames & Moore q 900. J. j. Manning QoOV
D. Baton 1900 and II. Content Co. 1000 bought
Sugar F. W Savu & CO. $500 and j. H. Griese'
e. co n 90, bought Union Pacific common. Hop
kins Brothers and c. A. Harmed q 20. Oous''
sugar Refining. Jones, Maury & Co. bought Wire
u I Nicholas & Co. 1900 bought Wire H. S.
sternberger (25OO sold Leather. f. C. Ran
donb and w B. Beekman & Co. sold ST. Paul
Henry Brothers & Co. sold Chesapeake and Ohio
Rogers & Randolph 1850 sold Southern Railway
nreferred A. G. C. Sage (20oO bought Union Pa
ci6c. Bell & Co (2O00) sold. j. F. Carlisle O,OOO
sold Sugar Refining Rolston e Bass Q,O0O bought
Reading 1st preferred: Noble & Mestre Q.GOO sold
+, Haight 1000 ana A. A. Housman & Co. bought
METROPOLITAN Street Railway: Hedge Lounsbery
g. Foster q 0ON sold SchoIle Brothers and e. F.
Raynor 5000 bought American Tobacco.