The age-herald., 1899-05-03
STOCKS RANGED OVER WIDE RADIUS Values Suffered on a Continu- ance of Heavy Liquidation.
 @ SPECIALTIES LOST 2 POINTS  There Was Slight Dip in Sugar, But the Losses Were More Than
 Recovered Later in
 the Day. 
SPECIALTIES LOST 2 POINTS

New York, May 2.-Stock prices ranged over a wide radius today and ended with good gains for the day. A considerable ad- vance ranging from 1 to points in the specialties occurred in the first half hour, aidded by purchases of round amounts of the international stocks for London ac- count. Stock values then suffered on a continuance of yesterdays heavy liquida- tion and receded sharply, the specialties losing from to nearly points. By noon liquidation had practically ceased, and there were rallies which, among specialties, ranged from 3ls to 8A.
 The standard railways moved far less widely except for Burlington and Delaware and Hudson, which made net gains of 1A and 3A respectively. Among the specialties the net gains extended to 141a in Air Brake 6s4 in Metropolitan, S9s in Manhattan, SIS in Brooklyn Transit, and an average of points in Federal Steel, Sugar, National Steel and Tennessee Coal and Iron.
 Call money rates ruled at about per cent. most of the day, and their steadiness was a source of confidence as was the easier tone in sterling exchange, which was attributed to the London purchasing of stocks. A reason which might be as- signed for the rally was the fact that the Ford franchise tax bill would not figure in the tax levy for this year and the hope of those interested in the securities effect ed, that year might bring about modi- fication of It's provisions The sharp specu- lative contest between the bulls and bears in Brooklyn Transit which ultimately re- suited in favor of the former, was because of it's great activity, a sentimental in- fuence in favor of taking the long side In other properties. The discrimination of a story that the sugar insiders were indis- posed to come to terms with present rivals because other syndicates stood ready to start up a new opposition was supposed to have something to do with the dip Tn the sugar, but the readiness of a large sum to absorb offerings brought about a rally in which the earlier losses were more than recovered. Because the tax franchise bill the was rate war induced liquidation in Consolidated Gas, but eov- ering of shorts and other purchases caused the stock to rise above last nights figures. The rapid fluctuations with alternate pro- nounced weakness and strength caused by the day in the hands of the professionals. Late in the afternoon when the market broadened out and a general movement was under way, activity of commission houses was again noted. The market left off strong at generally the best prices. Some recessions occurred in the bona market in sympathy with the early liqul- dation in stocks, but there were later par tial recoveries. The total sales were S1'- 525,OOO.
 United States 3's and the new As coupon declined % in the bid price.
 Total sales of stocks today, 692,5O shares, including: American Steel and Wire. A,- 60O American Sugar, 45,l00; Atchison, pre- ferred. 1T, 300; Brooklyn Rapid Transit, lOl- 300; Burlington, 2o,200; Consolidated Cas- hS,SOO Continental Tobaccco, 4o,2OO; Feeder al Steel, 34 300; Manhattan Consolidated, 54,- GOO; Metropolitan, 4O,0OO; Missouri Pacific, 3s, 300; Pennsylvania, 10,SOO; Reading first preferred, 1O,3OO; St. Paul, 1S,6OO; southern Pacific, 33 400; Southern Railway, preferred, $500; T. c. & l., 5O,900.
 Money on call 41s@6 per cent; last loan per cent. Prime mercantile paper, 312V 4A per cent. Sterling exchange weak with actual business in bankers bils at 4.SI@ 4S7a4 for demand, and 4.S5@4.s5A for sixty days. Posted rates, 4.S6Q4.S61s and 4.SS@ 4.sS1& Commercial bills, 4.S5@4S51 Silver certificates, 62@62Ac; bar silver, 61asc; Mex ican dollars, 4Sc.
 Government bonds weak. State bonds in- active. Railroad bonds weak.
 By Private Wire to Paine, Murphy & Col