The daily morning journal and courier., 1900-04-26
THE STOCK MARKET.
Feverish and Violent FIuctuations in
 Sugar.


 Sugar.
 New York, April 25.-The stock mar ket was in large part confined to Sugar to-day. The feverish and violent fluc- tuations in that stock kept the market so unsettled that the operators hesitat- ed to make ventures and the volume of dealings fell to small proportions. There was no actual news development to ac- count for Sugars cratic course, though the board room was flooded with rumors all day of settlement of the trade war, absorption of rival refineries, and so forth. It was pretty evident that these were set afioat by the manipulators for a rise, which was directed against the short interest, reputed to be largely concentrated in Boston. The stock sold as low as 10S in the morning on SUD- posed indications of fresh vigor in the trade war, and in the afternoon it got up to 115A. It closed at a net gain of 2A. &4
 The general market sold off after the opening in sympathy with the break in Sugar, which effectually dominated the tone of the market all day. When Su- gar rebounded the room traders all turned to the bull side and kept prices upon a small volume of dealings. There were movements in special stocks de- signed to help on an advance, notably in Missouri Pacific, Pennsylvania, Wa bash preferred and the grangers But it was noticeable that the buying de- mand showed marked falling off an any advance.
 Buying orders came in on the early decline, but later in the day the market continued dull. The apathy of the de- mand caused realizing by the room trad CTS and late reaction which wiped out many of the gains. The closing was easy and the net results for the day much mixed The introduction into con- gress of a resolution for committee to investigate the steel and wire episode and the New York stock exchange may have had some influence in the late reaction.
 The announcement of a small engage ment of gold for export to Europe had very little influence. The gold, which amounted to $50O,000, is believed to be destined for Paris. Sterling exchange was distinctly easier the rate for de- marid bills falling as per cent. This leaves the question of further gold ex- ports more doubtful again. The lack of a fast steamer this week is offered by some bankers as reason for refraining from shipping gold during that period. Discounts in London were slightly cas- fer to-day, but money in New York also showed further relaxation, loans for six ty or ninety days being quoted at 5 per cent. and for four to six months at 31A per cent. on mixed collateral. The gain by the banks from the sub-treasury since last Friday already amounts to over $2000000. But the sub-treasurys debit balance at the clearing house fell to-day below a million dollars for the first time in several weeks, except when some special operation intervened. The disbursements on account of govern ment bond premiums from the sub treasury are, in fact, declining, and this i source of replenishment to the money market is likely to be closed soon. A sharp fall in New York exchange at Chicago was also an incident of the | day.
 The bond market was rather quiet | and irregular The total sales par value | were $1,6S0,OO0
 United States fives declined 4 in the bid price,