The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-03-11
THE SPECIALTIES
WERE IN FAVOR
Movement of Stock Prices Were
Irregular Yesterday
RAIL WAYS SLIGHTLY OFF
Tennessee Coal & Iron Made a Sharp
T. Advance, But the Full Gain Was
Not Maintained - The
Bond Market.
RAILWAYS SLIGHTLY OFF

New York. March 10.-The movement of
stock prices today was Irregular the rail-
ways being generally fraotionally off, while
some notable advances were recorded
among the speciaities.
Local traction stocks were buoyant on the
idea that the action of the state senate
yesterday diminished The chance of hostile
legislation in restricting the use of Amster-
dam avenue which would particularly af-
feet Third Avenue. which rose an extreme
of II points, while Metropolitan Street
Railway rose nearly as much. Among the
other srseiaties to display strength were
Tobacco, American Steel and Wire, Peoples
Gas, American Spirits, Standard Distribut-
Ing Cons ,lidated Gas, Brooklyn Transit,
Now Yor Air Brake, American Tin Plate
Cotton Oil and Tennessee Coal and Iron,
although the full gains were not main
tained. The railways and some other
standard stocks sagged slightly for lack
of attention.
On the announcement that dividend of
1ls per cent. has been declared on Union
Pacific preferred, the stock eased, 1t having
been previously falsely rumored on the
board that the disbursement was per cent
In the early dealings London was the prin-
cipal sellers, while in the Afternoon some
selling appeared for both accounts on prog
nostications that there would be another
heavy decrease in the surplus reserve in
tomorrow bank statement, but prophecies
as to the bank statement based on the
known data of Friday had often of late
proved misleading.
The action of the days market seemed to
show that the specialties were pre-eminent-
ly in favor with the professional element
me early dealings were featured by an
almost entire concentration of in taracto in
to the higher-priced stocks which moved
STOCK trailed along somewhat sympshdlru
IN sensational manner. The standard
STOCK trailed along somewhat systema tically
put soon developed a yielding tendency In
the late session interest shifted into the low
priced specialties which had not moved pro-
portionately with the rise in the industrial
DIVISION in the morning. The last hours
trading following the Union Pacific an
houhcement was of an exceptionally unin-
terestlng character, scarcely any interest
being evidenced in the movement of prices
me closing was dull and steady.
Bond prices moved somewhat hesitatingly
To-Day, some active lines working upward
while others yielded in sympathy with
stock influences. Total sales S3,375,UOO.
y. s. new as registered advanced u in the
bid price.
New York March 1O.-Total sales of
stocks to-day were 500 400 shares, including:
Atchison, 1926 Burlington 5000: Reading
lists, preferred, 1880; Rock Island, 5000:
St Paul 2O,SO0; Southern Pacific, $500; Cot
= ton OIL 3S,7O0; Sugar. Is, 1856; Tennessee Coal
and Iron, 16 800
New York, March 10.-Money on call
steady at Piggy per cent; last loan at ~
per cent.
Prime mercantile paper 3A64A per cent
Sterling exchange easy, with actual bust
ness in bankers bills at s4.S51sQ4. S5a4 for
demand, and at "a. S3$4@l4.S4 for sixty days.
Posted rates, $4.S4Aq4.S5, and $4.S6ha4SI.
Commercial bills. $4.S21AQ4.S3
Silver certifica ties, nominaly at 591b6D60,s
Bar silver, 59A.
Mexican dollars, Az.
Government bonds, steady.
State bonds, inactive.
= Railroad bonds, irregular.