The age-herald., 1899-03-22
TRADING LARGELY
 PROFESSIONAL Shown by the Erratic Movement
 of Two Stocks. TIIr IrAnIn0 lNRIIOTnIAI
THE LEADING INDUSTRlALS
Were Pressed for Sale Immediately After the Opening-The Grangers Moved But Slightly Either Way-An
 Upward Tendency in Bonds.

New York, March 21.-The professional character of the trading today was shown by the fact that of the 63O, 900 shares traded in nearly half were in the two stocks which moved most erratcally-Sugar and Brooklyn Transit. Immediately after tho opening the leading Industrials were press ed for sale sympathetically with the sudden declines in Sugar and Brooklyn Transit. An idea of the violence of the movement in the specialties is conveyed by the fact that Sugar dropped fl points from the highest in the morning, and Brooklyn Transit 415.
 Subsequently they each recovered T points from the lowest, leaving Sugar per cent. off on the day and Brooklyn Transit 1s4 up. Accompanying the decline in Sugar there was dissiminated the denial by an anonymous official, that any deal with com petitive firms was in existence. The early decline in Brooklyn Transit appeared to be realizing on the announcement of the com pany's absorption of Brooklyn Electric. The rally seemed to be buying on the in- formation that Brighton Beach road had been bought in the interest of the Transit company. The prospect that tho Third Avenue line might have to give up its Am sterdam avenue privileges resulted in a phcah OL l114 Il avenue, W0lCn Q1Dped to 2O0 The general market showed mod crate sympathetic movement with the lead- CTS and developed weakness with call money rates per cent, and then rallied. Money worked easier to 8 per cent The bulk of the business was transacted around per cent. for call money, and time money was up # to points for four to six months on railroad collateral with industrial col- laterial accepted at higher rates. Besides the financing of industrial combinations there are several reasons for the present stiff money rates. One Is the payment of every ten days, making six payments in all, of million dollars to the government in settlement of Central Pacific obligations. Another reason is the preparation for April dividend and interest disbursement, and tendency to discount an interior movement of money which it was calculated would last about three weeks.
 London was a seller today of a moderate amount of Union Pacifics, New York Gen. tral and St. Paul, which stocks showed fractional advances. American and Con- tinental Tobacco. after wild fluctuations, closed with some improvement. The Pa cifics, except Northern Pacific, were up fraotionally, while Central Pacific and Southern Pacific gained over a point each.
 The ,Grangers moved but slightly either way, and the market closed with an unset tied tone. The bond market lacked a de- cisive tone and gave alternate appearances or WeaknSS .dnu- SlIcnBGl WILL tuo uPWaiu tendency in vogue at the end.
 United States 5's advanced A, and the new fs- coupon h in the bid price.
 The old As coupon declined 1s.
 Total sales of stocks today were. 629,4o0 shares, including IT. .O95 Atchison preferred; 17,195 Burlington; Il ,415 St. Paul; A,9io Southern Pacific; 3,9O0 Southern preferred; 6,S45 Union Pacific preferred; 25,45S Ameri- can Steel and Wire; 19.259 Tobacco; 1S,6sO Peoples Gas; 135 ,559 Brooklyn Transit ;13,5 ,5o9- St. Louis and Southwestern preferred
 Money on call, easy at; 3Q6 per cent; last loan, at per cent
 Prime mercantile paper, 3Nq4h per cent.
 Sterling exchange with actual business in bankers bills at $4S514@4S5ls for demand, and at $4.S36D4S3N for sixty days
 Posted rates, $4.S494.8412 and $4.S6Q4 S61s.
 Commercial bills, s4S2lz.
 Silver certificates nominally at 6o46OHsc.
 Bar silver, 59ssc
 Mexican dollars, 47%c.
 Government bonds irregular
 State bonds weak.
 Railroad bonds irregular