New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-14
CHARACTER OF TRADING.

The stock market went through another selling
spasr yesterday. Incidentally there was some ex-
tensive manipulation in Sugar Refining and other
stocks which all worked up or down in the inter-
ests Of 50 called insiders The stock market is more
In danger from manipulation than 1t is from none
tary conditions Certain market interests will not
be content until they frghten investors into hqul-
dalton, until they produce panic. investors
are advised TO forget Wall Street for the time, 10
hold their stocks and to study the trade SITUATION
Wall Street is dark with real ana assumed pes
simism Sugar Refining stock was knocked down
more than Il points and Tennessee Coal and Iron
10 points Boston traders were hurt in sugar
fall and a number Of local trader. who nave
been buying the stock for advertised advance
were badly crippled. The railroad stocks were
depressed, but not 10 the same extent as the an
dustrials declines averaging point or more. Inc
Granger and anthracite shares suffered the most
in the railroad list. London was a heavy seller
Many commission houses sold stocks representing
exhausted margins, while many people with ample
margins also sold from fear. The banking inter-
ests that recently forced Tennessee Coal ana iron
TO its high price did not support 1t on me decihe.
Chicago houses sold heavily; also Boston houseo'
The possibility Of gold exports was reSpoisio' ~
p9rt for the days decline. On the Lohuon E
change the latest British defeat caused rapiu ue-
Lines and heavy selling OF Americans oohe
~ the heaviest losses were the following American
tJoon 2s. Malt preferred, 37s; American smeitIhs
nreferred. "a; Sugar Refining, 9@.: American 10
hacco 80: Baltimore and Ohio preferred a. vi
orado Fuel 45s: Consolidated Gas 4; Ionu"e''",
Tobacco preferred ~; Delaware Lacka"ahna anu
western. 57s: Great Northern preferred 80 W. ,
ropolitan. 5l4; New-York Air Brake, Ss, reopie ,
Gas. 3A: Reading Arst preferred 90 Inather
Coal 50; Third Avenue. 1ls4; United states
rraferred 3h and United States Rubber = l"e
ior, orces were under Mondays low level
some OF the buyers and sellers WEI. o. STIR
bought Chesapeake and Ohio l. y0n H dS Bought
Co $500 sold Henry Brothers &l inc ytO & Gun
sugar H. c G95 Edd CO. G. NJ an' HanteF %ag
goner r Tileston and G9oa sba% Soe Co bought
tennessee Coal and Iron; Kesch Loew & a TS ~
= P. Freeman e Co. q EUGENE SoTgRt Continental
T ToSw j. NJ Amory & Son. W Lawrence 99 n
1000 and \ Griese hr CO. s. sop paul J. MAN NJ Rmory &
s gnu q GOO, Price Mccormick Co and OTTO Lo fd
bought Sugar j. Krkner 600 ana n traaefS 500 Co.
$3.50 sold ST. Paul a. G. o. Sage H0v y4s DeusH x
Union PacS boa KaX Presssd Car preferred
seRumacher & GO. and T. B. H0llins 20, bacon sStn
lloyd and Co o1 Mfint GGedSn 6ous
Pacific CG an" London s = White and Ashwe ell CO CO
SoG; AS Manhattan; Thompson MARS lo and
Van Emburgh & Atterbury sold Wass s, mn
nG Ohio nreferred: j. NJ Amory Son (about lO.gV'
in alb sold Keech, Loew & Co Q.OVs SOLO sour
frn Mantarge ir. sold Baltimore and Ohio pre-
ffz z SOP Sought Achison preferred SCHUYLER
C COO j. NJ. Leopold & Co, J. A. Blair & so n on az
S eOd p Carlisle 1000 bought Sugar Refining
Hedge, Lounsbery Foster p port g oO y'y'
IhI On walsh. Taller & Co t2OO0 and " r.
Houghtang & Co $500 bought American LooaSS-
SCHUYLER Pear & Co (25OOl. j. NJ. Leopold & CO.
1000 W B. Oliver. T. f Raynor co; n: SoI z
Co 500 bought Manhattan: Sales or sugar
amounted TO 24S.5O0 shares and total TRANSACTIONS
in all stocks to l,O63,9Si shares