The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-04-05
MOVEMENTS WERE
QUITE IRREGULAR
After a High Opening Prices
Gradually Reeeded.
REALIZING WAS TREMENDOUS
Depressing Efforts on Part of Profession
ais Tended to Produce Reeessions,
Particularly in Specialties,
Which Had Advanced.

New York. April 4-stock trading today
was very sensitive and moved irregularly.
After a wild and high opening for many
stocks realizations of active interests and
depressing effects on the part of profess
SIGNALS tended to produce. recessions, par
ticularly in the active specialties which of
late have attained the largest advances.
The traffic agreement between Third
avenue and Manhattan produced large
advance in both of those properties at the
opening, Third Avenue rising and Man
haitian three points. This brought about
extensive realizing, and the stocks gradual
ly receded, Third Avenue losing on the
day and Manhattan half as much. Metro
poitan lost Sla, although at one time it was
down 91s on liquidation Induced on the COM
bnation OF the rival companies.
Talk of brisker hoStilities in the trade
war left Sugar six points down. The suit
to restrain the Brooklyn transit from leas-
ing former rival traction company to-
gether with realizing on Brooklyn Transit's
large advance caused the stock to ease off
3 points. The iron and steel shares ended
irregularly with Federal and American
wire down sharply. International paper
lost and Chicago Gas 3.
In the afternoon there was a confusion
of views on the stock exchange. Traders
wore inclined to make much of crop pros
poets, the advlces from the grain regions
being mixed as usual at this season of the
year. The impression was rather general
that much liquidation had come from ac-
tive interests, but there was no certainty
but that part of their former holdings had
been fpniIrpha a
tainty as to the immediate position of large
speculative interests was a cause of some
of the commission selling. In some quar-
tiers. however, stocks were still tenacously
held. Call money continued firm and
ranged from 3 to 6, with most of the BUSH
ness at the higher figure The dealings
for the day exceeded a million shares, and
the market left off weak not far from the
lowest. General improvements resulted
from today's bond operations. Total sales,
st.1S5
United States old As coupon advanced y,
the new As y, the SIS and the old As regis
tered Il, in the bid price.
Total sales of stocks today, 1,O7O400
shares, including 25,747 Atchison preferred;
12,2S5 Burlington; 1885 Louisville and Nash
Vile; 1880 Manhattan SO 100 Metropolitan;
4O020 Reading first preferred; 46, $40 Missouri
Pacific; 9007S New Jersey Central; 1855
Now York Central; 22S07 Ontario and
Western; 1929 Union Pacific preferred:
H,420 St Paul; 4,3t0 Southern Railway; 25,-
655 American Steel and Wire; 1906 Paper;
SO. Federal Steel; 2,9O5 Peoples Cas- &c.
$40 Continental Tobacco; 3O645 Tennessee
Coal and Iron; As $50 Sugar
New York, April 4.-Money on call was
firm at 5@6 per cent, last loan at 6. Prime
mercantile paper, 31s@41s per cent. Ster-
Hing exchange was steady with actual bus
mess In bankers bills at 4S6A 861a for de-
mand and 4.S4A@4.s41a for sixty days; post
ed rates, 48564S7; commercial bills, 1890
1881. Silver certificates, 6066014c; bar sill
yer, $3.50; Mexican dollars, 47hc.
Government bonds were strong.
State bonds were inactive.
Railroad bonds were firm.
(By Private Wire to Paine, Murphy & Coz