The Saint Paul globe., 1900-05-24
SUGAR Would NOT MOVE
ATTEMPT TO REPEAT THE DEMON
STRATION OF PREVIOUS DAY
PROVED A FAILURE
BUSINESS WAS QUITE ACTIVE
Many of the Deals Made Were Said
to se ON Account of Brokers
About to Leave on Vaca-
tiOn-BOnds Dull.

Bar silver, New York 60 6OA
Call money, New York .......... IA
WALL STREET, May 23-An effort was
made to report yesterday s lively demon
stratiop in Sugar, in hope that the
traders would find sufficient price move
ment in that stock tC yield profits on the
days turn, but the stock developed It's
customary obstinacy and refused to ad-
vance to any marked extent, or to hold
what moderate gain was made. It's eX-
a net loss of 2sc. The street was flood
ed with tips" this morning, promising
a repetition of yesterdays sudden jump,
and the professional traders took on
The closing out of short contracts yes
terday left the market without support on
that account. and the buying did not eA-
tend much beyond the ranks of the pro-
fessionaI bulls. In spite of the announce
ment of a further advance of 10 cents a
hundred pounds in refined sugar, made by
the American company and followed by
the other refineries, it was not suf1cient
demand for the stock to enable the trad
ers to take their profits, and the price
was brought back to about where 1t
started under the process of today. Inc
advance in the price of refined sugar
makes a total of 15c hundred pounds
during the week. and the quick response
made by all the companies to the ad-
vance gave color to the persistent asser-
ton that working agreement has been
arrived at between the rival companies.
The fact that concurrent advance at
the end of the dull season in the trade
and with the large demand incident 10
the canning season to be met, detractS
from the protesta tions made with oh1clal
sanction that business Is conducted un-
der present conditions on ruinous terms.
and that an irrepresSible conflict still
RACES between the rehnerS.
American Tobacco made further ao-
vance today, which was better held than
that of Sugar, and the price of Brooklyn
Transit was bid up sharply when large
buying orders were detected in the stock.
In the general list there was some show
of firmness early in the day, but it was
not We'll held in any case, and prices or
some railroad stocks drifted below last
nights level The PacificS made the best
show of strength, especially Northern Pa
cific, which was affected by rumorS OF an
increased dividend rate, and was benefit
ed also by the timely rains in the Northc
western wheat country The buying OF
Northern Pacific was attributed In part
to Berlin account international houses
were sellers on balance to a small ex-
tent, the foreign markets continuing gen
orally depressed
A number Of the large professional oper-
ators in stocks are preparing for Vaca-
buying Of stocks is said to be the closing
out of accounts on the short side for their
benefit.
The small shipment Of gold for Europe
announced during the day was not uneN-
pected. and had little effect on the stock
market 1t Is understood that it is made
possible only by special inducements OF
fered by the Bank of France. the occasion
being the special needs for currency, in
cident to the exposition.
The bond market was dull and small,
and Irregular changes in prices were the
rule. Total sales. par value, $1,0S00O.
United States new As registered advanced
L. and old As and 5s declined Is in the
bid prices.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith &
Co., members of the New York Stock eX
change Pioneer Press building, who have
direct wires to Chicago and New York.
Closing prices are bid: