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

An enormous short interest, estimated at over
zoo 600 shares was covered in yesterdays ueCi,"o
Circumstances that have frightened many ho'uei'
into ceiling have brought handsome profits 10 the
shorts and the chances are In FAVOR Oh ieho"
bear attacks before the week Is over. Inc noiey
rnarlet is not In position to sustain the s'och
market and the general impression at the close y.
business Yesterday favored a still lower ie'ei -
values Quick turns in yesterdays market resui'eu
in big profits for operators in many OF the iHoio
active stocks in Sugar and tennessee Co"i' ~.
,..o,oo Sugar sold down to 1872 and back TO lSS
t,ora tho close Tennessee Coal sold down from
the onenlng at 1OOla to SO and back to sl erooAyn
ton,d Transit and American Tobacco mace sihaler
changes but large enough for big prohts on QUICK
turns Country selling orders were heavy out we"
margIned local traders were not EXTENSIVE S
enociauv in the railroad list II pure'/ an IN
dustrial slump with the addition OF the tactioh Is
sues The maximum declines In the industrlal
group were: American Steel and Wire common 01s
points. and preferred. 5A Shelters preferred 8;
Sugar AZ net; Tin Plate, S. American Tobacco .
Continental Tobacco common, "a, and preterred
2la. Colorado Fuel and Iron. I; Federal Steel ~
and preferred 2ls; General Electric. 21s; 1nterna-
t,onaI Paper 2S: National Steel. 81; Pressed Steel
Car 2l5; Republic steel. 2A; preferred, 81; Leather
nreferred 2; Consolidated Gas. 6h and Union
Paper Bag 2A. Tennessee Coal and iron SOLO
down to 49, a decline of q points. In the traction
group Metropolitan declined s1a points brooklyH
Rapid Transit rs and Manhattan Ts. The princi-
nal breaks in the railroad list that exceeded 2
points were: Delaware and Hudson "a: Lacka-
wanna 8: Great Northern preferred. 4; Louisville,
2jb; New-York Central. 2A; Kansas and Texas pre-
ferred 31t: Northwest, 8; Pennsylvania, "a. and
Southern Pacific. IA.
The losses were recovered IN great part before
the close. Sugar Refining ending at a net gain
The sensation OF the day was the break In Ten
nessee Coal and Iron, which was honeycomoed
with stop loss orders around par. The bears were
aware Of this and these orders were UNI
covered" the bottom apparently fell out one
house that had 1000 shares to stop at l8, sold
900 at a. and the rest for less. the last hundred
being disposed Of at 90. 1t stated that on the
decline there was good buying by individual in
siders.
Some OF the buyers and sellers were: T. W.
Thorne & Co. and 1. S. Wormser sold Ten
nessee Coal & Iron. A. A Housman Co u,nW
and j. Goodchild Qo0O bought St Paul. London
and Strong Sturgis e. Co. bought Atchson pre-
ferred; ]. A. Baker, A. g. c. sage, Price, NC
Cornnick & Co, and c. Head & Co. sold j. T.
Rook n ooM bought Continental Tobacco preferred
A de Cordova & Co. C2c0W, $. Schuyler Q,ocW
and Halle & Stiegtz 5000, bought Sugar REM
ing: f. & c. Randolph $500 sold. Otto Loeb
bought Atchison preferred Jones. Maury Co.
n OM sold Elngwood & Cunningham 1000
bought Sugar: ]. II. gresse Co. uVO SOLD
I e. 8 Wormser 1900. o. Kohn. d. Henry and
J. w Henning bough. American Tobacco w. g..
Lawrence & Son 5000, sold. Domlnick & Dominlck
p OOO) sold St Paul Worden & Co. 5000. II. l..
Nicholas e. Co Is 1000, W. r. Houghtaing & Co.
n orO and r w Thorne & Co C2.O0O bought
American Tobacco: c. l. Hudson Co. T. L..
Manson jr e. Co. Henry and De Coppet q
Doremus sold. f. T. Bogert Q,GO bought Union
Pacific; r. H. Thomas & Co. q 900 sold. Wasser-
mann Brothers bought Wire. A. G. Sage sold