New-York tribune., 1900-01-12
CHARACTER OF TRADING.

The short interest in stocks further increased
yesterday, especially in Sugar Refining Brooklyn
Rapid Transit and several other active issues
Many holders of Sugar stock selling because
they honestly believe that the company will be
forced to suspend dividends. Other people are
selling because they believe that the stock Is
good short sale, owing to the apparent manpu-
lation for lower price, In which powerful inter
ests evidently engaged. Many people who have
followed Sugar Refining stock speculation for years
are convinced that the stock is being manipulated
in order that certain interests may accumulate
stock at or below par. Selling OF Brooklyn Rapid
Transit was also feature OF the day, sales rep
resenttng bear aggressveness and nothing else. 1t
is said that a Consolidated Exchange clique is
again operating on the short side Of Brook
lyn Rapid Transit. The best friends of Brook
lyn Rapid Transit are powerful capitalists, and
bear ''plungers" the stock will not al
ways have profits American Tobacco was sold
down several points. and most OF the Industrials
were depressed London bought about $4,000
shares. Metropolitan, Third Avenue stock and
Manhattan were weak. Large country orders were
received to sell Sugar Refining. Sugar declined
year ago on statements similar to those that were
made at the annual meeting on Wednesday. And
there have been many other times when pessi-
mistc utterances from the inside have been fol-
lowed by big decline and subsequent recovery in
Sugar
Some of the buyers and sellers were: Strong,
Sturgis & Co. Q,OOO sold American Tobacco COM
mon. W. L. Stow 600 bought Atchison preferred;
T. w 6Oulu, - hLuZeSHelHleE anu a. IL NOlllOS
bought Peoples Gas; Faulkner and J. NJ. Amory
sold. G. B. Hopkins & Co. Q,00O, Grant Brothers
600 and Henry Brothers g. Co. bought Sugar Re
hnng common; Moore & Schley Q000), F. W. Savtn
& Co. 8,000 A. A. Housman Co. COCO and
Eames & Moore sold. w. r. Houghtaling and
Grosbeck bought ST. Paul; Lounsbery Co. sold.
Henry Brothers & Co. 1000 sold Federal Steel
common. W. D. Hatch bought and bid up Brook
lyn Rapid Transit Dwight Porter 900 sold New
York Central James McGovern & Co. (5OO bought
Republic Steel common; A L. Norris 900 sold.
w. C. Sheldon & Co. Q,o00 and Dominick & Dom
mick G,50O bought American Tobacco common. ].
c. Kilbreth Q,0OO, c. Knoblauch 900 and traders
bought American Steel and Wire common; Lathrop
& Smith sold. c. I. Hudson & Co. 5000 bought
Sugar Refining common; F. w. Savin $500 IN alb
sold F. H Palmer C2.50O and W. B. oliver bought
Bache & Co. and T. j. Taylor & Co q 500 sold.
c. L. Rathbone bought Federal Steel common;
Wassermann Brothers. Grant Brothers, A A.
Housman & Co. and Slayback sold. c. s. Parsons
bought Leather common; Van Emburgh & After
bury sold Pepper Stern Ellingwood & Cunning
ham and Eames & Moore sold Metropolitan Street
Railway. W. r. Houghtaling & Co. q ,0o0) sold St
Paul E. F. Raynor sold Rock Island. Hollins &
Co. Q.0O0) bought Continental Tobacco preferred;
W. D. Hatch Q.OeO) sold. Tunstan & Co. 1000,
McKeever QO00) and ]. s. Bache & Co. O. OOO)
bought American Tobacco common; Watson &
Brown Q.0O0), A. NJ. Hunter and Halle & Stieslitz
Q,oOO sold. TunstalI & Co. q O0O bought American
Steel and Wire common.