The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-03-21
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. March 2O.-The market, after
a sensational movement in sugar and the local
transportation shares, closed weak with mixed
net changes. Interest centered largely in sugar,
in which the transactions 1911 900
shares. with q total of about 900. 600 shares.
Sugar opened with advance of about
points, ran off S12 and then touched 1S2, with
q subsequent plunge Of IS points, closing with
a net loss OF about points. The extraordinary
movement OF this stock had wide influence
in other directions. Brooklyn Transit was
lifted over points and then lost much of the
gain Pronounced strength appeared in the
Nanderbits Union PacitCs. Northwestern, the
coalers and Chicago Terminal, while some of
the internationals made a show of strength in
the early dealings in sympathy with the higher
range in London. The tobacco stocks were
extremely feverish. American Tobacco broke
612, rallied and left off with loss of 2; Con-
tinental Tobacco slumped 14a4 and was off
points at the close. The liquidation in these
stocks attributable to the reported forma-
tion of a opposition tobacco company.
Manhattan retained the greater part OF
point rise There was a disposition OF the
professional element to let commission house
purchasers have stocks and subsequently
while sugar tumbling and call money
down Standard stocks while easing with the
best did mot exceed TWO points except in special
cases. Money call toward the close eased
with the last loan at and offered at Z, but
the market failed to respond to the changed
conditions due TO the supply of money offered
and the reaction unchecked to the end.
The strength in Brooklyn Transit was coinci-
dent with the published interview with the
Brooklyn Rapid Transit Railroad to the effect
that exchange of the majority of Brooklyn
Transit elevated stocks for Brooklyn Rapid
Transit stock had been arranged. The ad
in Union Pacific and New York Central
timed with the announcement of the re-
turn of the leading interest in Vanderbilt
stocks, and gave rise to a renewal of rumors
that Union Pacific might be absorbed by the
New York Central The opinion
pressed because of the action of the market
that the rise in London, which a pur-
chaser at the opening only. manipulated
from this side TO facilitate the liquidation
which evident in the market.
Bond prices to-day were raised generally
considerable activity developing in the ST.
Louis Southwestern issues, Texas Pacific sec
onds and Wisconsin Central frsts. Total sales
So, 0G0 United States IS and the new As ad-
vanced 4 and the old As Is in the bid price.
Total sales Of stocks to-day were sos 300
shares including Atchison preferred %, 220
Burlington 51975, Central Pacific $1,000, Man
haitian 34,220. Metropolitan 1910 Reading first
preferred 10,559,' Missouri Pacific 1884, New
Jersey Central 1920 New York Central 90 $50
Northern Pacific a. 400, do preferred 1892, Rock
Island 1890, Union Pacific 37.0Ss. st. Paul r. AL
Southern Pacific 1885, Texas and Pacific 1850
Union Pacific preferred 43, 665. American Steel
and Wire o. 500. do preferred 1875, American
Tobacco Il l40, Federal Steel 2.559 do pre-
ferred 6467, Peoples Gas rs, 600, Consolidated
Gas 37u,. Colorado Fuel and Iron 1855, Brooklyn
Transit 81, ESQ Sugar 1881. do preferred $780,
Tennessee Coal and Iron % 740