Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-17
WILD DAY In STOCKS.
MATERIAL GAINS APPEAR. NOTA-
bly, AMONG THE sPECIALTIEs.
SUGAR LARGELY RESPONSIBLE.
u Figures for over n Quarter of n
Million shares, and Touches 40 in
Markets.

NEW YORK, March l6.-The sensa-
tional rise in Sugar was largely respon-
sible for the elimination OF much Of the
short interest in the rest of the list, ma
terial gains appearing. notably among the
Specialtics. but there were recessions
from the best. and the market closed I'M
der pressure. 1t was a wild day on the
Exchange. Sugar figuring for over quar-
ter OF a million shares, with the aggre-
gate trading reaching nearly a million
shares The market was moving eau
tlously upward when Sugar burst into
prominence and touched 40, rise Oh
2gis points over last night and ii points
above the September boom prices OF 1897
The stock closed at 1872. The fuctua-
tons were erratic. an instance in point
being a drop of 10 points on two tronsac-
tlons from the high point. a trader SOLO
short 800 Of the thousand shares traded
in AZ 10 and within a moment covered
At 100 the only intermediate Transaction
being 100 shares al 1863. Thus the uIOhei
real. zed $500 on his short sale. ..a
There were various rumors connected
with the movement ia Sugar, among theul
"a report that the trade war ndu pcel
settled and that an agreement hau De- peeii
reached with the Glucose kehhlhs I'm
terests People in the trade geheIany
discredited the Tumors, processing lsnV,
rance OF any deal upon when thcS W." ouiu
likely be posted were 1t IN eKislehCe'
Local interests identified with the con
Germs mentioned likewise discredlied the
reports. except in the case OF the pIesl-
dent of the Sugar Refining Company, VINO
made no statement before the market
closed. .,,,,,.e,,
he mn
tribuied TO a corner in the STOCK anu
punishment Of the shorts, WIlie Vl ~ ~
other hand a house which was acONc III
the dealings claimed 10 be ignorant OF
the reason for the advance but thoueht
il too great in magnitude TO nave peeh
merely a manoeuvre against the shorts.
Tobacco. after yielding 7i2 points, MADE
ar extreme rise of 1912, 10 10 IN Syi n'.
thy with the movement in Sugar. Gu
cCse also rose points, TO TO- colhcldeitlS
with the movement in Sugar New 1oIk
Air-Rrake touched 200, a rise of 10 points >
METROPOLITAN jumped 5i2, 10 -7oi2' M u
Avenue rose Z, TO 2lsfs, Manhattan ., 10
112lb: Brooklyn Transit rs, to lOz; Con-
enlidafod Gas 81 TO ri, and Burlington
Az. 10 1925. The other Changers syIhpa-
th,zed in "a less degree with the advance.
MONEY AND BONDS
Four per cent. was the loaning rate for
call money the greater part OF me E@5
although some loans were mace az =
upr cent. j ne SUneIlIB VI INC 'ii'44N| -
/ dampened the ardor OF the sPecuid,o t .
and caused the recession IN the Id.cI
trading although at the close money vi
cali was l-2di. The buoyancy OF the gen
eral market caused resumption o. coll-
mission-hOuse purchases, when Mtic
largely responsible for the IIse ia 'Ai0
Grangers in the closing hour
STANDARD oil closed AKA 4S5 Il. ....
The bond market shared 10 some extent
i'm the upward movement, but thete VIZ
some weak spots. Whlch gay 49, .
trading an irregular aspect Total saies'
81. 325 600. United States IS improved -
while the new As registered, feacleu 10
and do. coupon Ia IL the pa price ~ ooo
The total sales of stocks were GIey'
shares. including 1910 Atcnls0h' 49, 49,
red. O3O Central Pacific; 50i6O Mammal
tan; 1859 Metropolitan Street Railway !.
10 $50 Reading first preferred; Wv NeM
York Central: 1850 North American 80, !-'''o
Northern Pacific; $40 Omaha ana est
ern $3.50 Union Pacihci sop ClioH ., so
cidc. preferred; 1920 Rock Island; oI'Sp
81 Paul: 1850 Southern Railway pre-
ferred. $500 American Steel and WIRE,
preferred: 80 $50 American Iobaccoi y,-g'
federal steel: 9O723 Federal steer, preleI
rcd. 40 449 Peoples Gas; 1880 Gonsol-
deted cas-. n. as Brooklyn Rapid Transit;
St7 S5i sugar. and lS,62S Tennessee Coal
and Iron.
MONEY AND EXCHANGE.
Money on call firm at 1-245 per cent;
last loan at per cent; prime merc@h'lle
paper. Lat II per cent. ..,
b,,siness in bankers bills at AS5 La
s4Sl-2 for demand. and $3.50 Sis5 Il LOT
eixtv davs: posted rates, SASinAA II ana
"a SsaSlS6 II; commercial bills, SlS2 La
S4S2 "a o,o1co,o Dor Gil
ver 5q al Mexican dollars. a l-2
covernment bonds irregular. state bonds
steady. Railroad bonds Irregular