The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-04-04
WAS A BUSY DAY
In WALL STREET
The Accumulation Over Sunday
Caused Buoyant Opening.
THE TOTAL TRANSACTIONS
Were Over a Million and Quarter
Shares and Some of the Specialties
Made Sensational Advances, Real
izing on Tremendous Scale.

New York April 3.-The usual accumdla-
tion over Sunday of buy at the market"
price, caused a buoyant opening in many
stocks. The realizing was On tremen1-
Gus scale, particularly in the morning, and
the total transactions were over a million
and a quarter shares.
The most sensational advances were
among the specialtes, many of which
maintained gains to the close, although the
railways eased off. The legal rate, 6 per
cent, was the prevailing figuresfor call
money on good collateral. but the range for
the day was from to per cent, with the
closing at the lowest figure. Although the
London market was closed because of the
Easter holiday, arbltrage brokers put out
some lines of stock in the expectation of
getting them back cheaper in London to-
morrow
The market throughout was highly spec
ulative with rapid advances and declines.
Manhattan, on tremendous dealings, MAIN
tained an advance of points. The stock
was apparently controlled by pool opera
lions, support being extended on declines.
and much realizing appearing at the nigh
figures. Federal Steel, on transactions Sec
ond only to those of Manhattan, sold carly
at the highest figures yet reached, and then
receded sharply leaving a net loss of IL.
The preferred advanced about as much.
American Steel was pushed up points.
missouri Pacific, on trading of over 109,-
600 shares, advanced 3 points on buying by
pool supposed to include some of the out
siders Kansas and Texas preferred at the
same time was marked up over a point.
The announcement of the privilege to
subscribe for new stock in Brooklyn Tran
sit together with an erroneous report of a
cash dividend declaration, caused the stock
to sell up to 136, but it receded sharply,
leaving net decline of over points at the
close. The trading In some half dozen
Spccialties nearly equalled dealings in all
the rest of the list. The most conspicuous
advances were Third Avenue, 8; North
North American 81; International Paper
99s; Tin Plate, Az Tennessee Coal, AZ, and
sugar, a. Pacific Mail, Delaware and Lack
awanna, Mexican Central and Western
Union We're spots of strength. Crop ad-
vices were assigned as the reason for real
lzlng In the standard western railway
stocks. Burlington, Pennsylvania, New
York Central and Northern Pacifics suf-
fered declines of a point and over Kan
sas City, Pittsburg anu Gulf and MetropoI.
itan were weak.
The closing of the market was weak in
stocks. 1t developed that deal has been
affected between Manhattan and Third
Avenue Railway companies.
!, IrreguaritY prevailed in today's bond
market with the more prominent issues
sagging. Total sales, So, ASS, 400.
United States As advanced u, but the sc
lost Is in the Did price.
Total sales of stocks today were 1272, 700
shares, including 6O,23O Atchison preferred;
lilo Burlington; 1880 Louisville and Nash
vile; l66,S51 Manhattan; $500 Reading first
preferred; n3.S25 Missouri Pacific; 1850
New York Central; 1902 Rock Island; Ia 1893
st. Paul, $3.50 Southern Railway preferred;
900 Federal Steel; 1854 do preferred;
45,145 Sugar; 1850 Tennessee Coal and Iron
Money on call firm at 5QS per cent; last
loan per cent.
Prime mercantile paper, 31z@4A per cent.
Sterling exchange, steady, with actual
business in bankers bills at $4.S6Ad$4 S615
for demand and at $4.S414@s4.S414 for sixty
days.
Posted rates, s4.S5ds4.S51k and $4S7aS4. STE.
Commercial bills, $4S3@$4 S31a.
Silver certificates, 60@60ia.
Bar silver, 59%.
Mexican dollars, 47A.
Government bonds irregular.
State bonds inactive.
Railroad bonds irregular