The times. [volume] (Richmond, Va.) 1890-1903, 1900-04-26
SUGAR STOCKS
VERY FEVERlSH.
Violent Fluctuations Made Dealings
on Exchange Small.
NET RESULTS MUCH MIXED.
Buying Orders Came in on the Early
Decline, But Later on the Market
Became Quite Dull and the
Closing Was Easy.
NET RESULTS MUCH MIXED.

NEW YORK, April 25-The stock mar
ket was in large part confined to Sugar
to-day, the feverish and violent fluctua-
lions IN which kept affairs so unsettled
maj Inc operators hesitated to make axe
ventures and the, volume of dealings fell
10 sfial proportions. There was no ac-
taal news development to account for
sugar s erTalc course, though the board
room was flooded with ruInors all day of
settlement of the trade war, absorb
ton of rival refineries. etc. It was pretty
evident that these were set afloat by the
inanipuiatorS for q rise, which was az
rected against the short interest, reputed
TO be largely concentrated in Boston.
The stock sold as low as Jos in the morn
ing on supposed indications of fresh
Tigor IN the trade war, and in the after
noon il got up TO 115A. 1t closed AT a
net gain of rs.
The general market sold off after the
opening in sympathy with the break III
Sugar, which efectually dominated the
tone of the market all day When Sugar
rebounded the room traders all turned
TO The bull side and kept prices up on a
small volume of dealings. There We're
movements in special stocks designed to
Pacific, Pennsylvania, Wabash preferred
and the grangers. but it was noticeable
that the buying demand showed marked
falling off on any advance.
Buying orders came in on the early
decline, hut later on the market con-
tinued duh. The apathy of the demand
caused realizing by the room traders, and
q late reaction wiped out MANI Of the
gains. The closing was easy, and the
net results for the day were much mixed.
The introduction into Congress Of a reso-
luton for d committee to investigate the
Steel ana Wire episode, and the New
York Exchange may have had some in
fuence in the late reaction.
Tho announcement OF q small engage
very little influence. The gold, which
amounted to $500, 000, is believed 10 be
destined for Paris Sterling exchange
was distinctly easier, the rate for de-
question of further gold exports more
doubtful again. The lack of a fast
steamer this week is offered by some
bankers as reason for refrainlng from
shipping gold during that period Dis
counts in London were slightly easier
to-day. but money in New York also
showed fu.the" relaxation, loans for SiNty
Ia ninety days being quoted at } per cent,
and four to six months at 81 per cent.
on mixed collateral The gain by the
banks from the Sub-Treasury since last
Friday already amounts TO over $1,000
coo but the Sub-TreaSury'S debit balance
1T the cIaarin-house fell to-day below
million dollars for the first time in sew
cral weeks, except when some special
operation interviewed. The disbursements
pn account of Government bond pre-
niums from the Sub-Treasury are, in
fact declining, and this source OF replen-
ishrneut to the money market IS Likely TO
be closed soon. a sharp fail IN New
York exchange at Chicago was also an
incident OF the day.
The bond market was rather dull and
irregular. Total sales par value, S1,6S0,-
00o United States 5's declined a in the
bid price.
Total stock sales to-day were 5G9, 700
shares.
MONEY. AND EXCHANGE-NIoney on
cali steady at 2Il4Gl21z per cent; last loan
at 2& per cent; prime mercantile paper,
4a5 per cent; Sterling exchange easier,
with actual business in bankers bills at
81 SSa4 SS1s for demand and SASH for
sixty days: posted rates, $4.S5@liS5la and
81 S9a4 S9la; commercial bills. S4.S33i@
silver, 5g$E; Mexican dollars, 47$4. Gov
eminent bonds weak; State bonds firm;