The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-21
B. R. T. GOES ZIGZAGGING.
Down TO 10 I-e ABOUT NOON AND
up AGAIN TO 50 I-2.

Rumors of Change of Control Current in
Wall stroct-Nearly 3oO, 900 shares Sold
Hears Had Their Way in the Early
Market, but Ran to Cover Mt the Close.
Gold amounting to 100000. It was reported
IN Wall street yesterday. had been bought In
the open London market for import to this
city. The engagement was said to be special
operation. None OF the foreign exchange in
terests would admit having made II. Sterling
exchange was quoted unchanged. The rumor
OF tho gold Importation helped to exert bull
ish influence upon the stock market at the
close.
Trading was heavy yesterday. and for the
greater part OF the day the bears were agrees
sive. There was q rally at the close.
The ruling rate for call money on the Stock
Exchange nearly all day was per cent.
though few loans were made as high as Ia.
After the borrowers had been supplied the
rate got down late In tho afternoon to q per
cent.
The bear traders were able to start fresh
liquidation in number OF stocks. Brooklyn
Rapid Transit nuctuated In a sensational man.
5 ner. with enormous dealings. The total sales
for the day were 2o0.035 shares. or more than
two-thirds OF the outstanding 100000 shares
of capital stock. The opening sales were
made simultaneously at prices rang
ing from 30 to 81. compared with
81, Tuesdays closing. There was quick ad-
vance TO S2A. and thon a slump. with intsrven-
ing fluctuations that eliminated Just before
noon in a smash to 75l, A rally ensued. and
In the late afternoon there w.s : grand rrsh OF
helated bears to buy stock with which to cover
short contracts, The price ran up to S3H. with
the closing sale made at 1924. The big trading
in the stock in the past few days has been ac-
companied by many rumors. 1t has been re-
ported that the Standard Oil interests and
the Consolidated Gas Company were at
odds not only with Anthony n. Brady
who 10 Interested in the New Amst erdam Gas
Company as well as the brooklyn, Rapid
the Whitney %dencr Traction Syndicate and I'd
that they were not averse TO seeing the market
have had it that during the smash in tho price
OF Brooklyn Rapid Transit the stock has been
steadily ACQUIRED by Interests st.. which have nov
Both the Vandcrhilts and the Whitney Metro
politan Street Hallway, Syndicate were. re-;
a"ntToL T riends Of Mr. Whitney said that
so far as tho METROPOLITAN street Railway
was conrurred, they could not confirm the
story According to one report. private sale
had been effected yesterday Of q single block Of
10000 shares of Brooklyn Rapid Transit stock
An incident in the stock market was a
sudden smash IL the qgotatiSTIns,, for the stock
This company which was recently formed to
combine, under one management thirty;ons
S1.5OO.OOOis IN first mortgage bonds. The stock
was listed on Sept. ], tho price being quoted in
the market Immediately after the listing
at u for the common stock. and TOti for the
preferred. Since then there has been manipu-
lation evident In the trading. The tight morsy
market apparently came very inopportuney
tor the stock Sales Of but 100 shares were re-
ported on Tuesday; 100 shares OF the common
at 81 and 100 shares OF the preferred at 10.
Yesterday 800 shares OF the common that were
offered for sale failed to find a buyer. until
uilerod down to %. one hundred shares OF the
preferred stock were offered down to 30 before
sale could be effected Other sales OF tho
stock made later ranged at "a to - for 920
shares OF the common and 80 TO 30 for 800
shares OF the preferred
The closing quotations were 20 bid. %
asked. for tho common. 40 bid, so asked. for
tho preferred. The smash in the price re-
suited in much comment in Wal street
Thomas MeIntyre. OF Mcintyre h Ward
well who was instrumental In tho formation
OF the company. gave out tho following state
ment: Il know OF no reason for thu decline
further than that he support which | under
stand some OF the insiders have been giving
the stock was Withdrawn for tho present.
There is no real reason for any such decline.
as the company is doing well and making
money"
southern Pacific showed comparative Rteadi-
the purchasers OF the Crocker interests are a
syndicate organized in this city and San Fran
cisco by G. z. Huntington. According to the
report Mr.. Huntington's nephew. II. y; Hunt.
ington. who was one OF the assistant officers OF
the Southern Pacific. was forced out because
OF the Crocker influence, but will now become
Nice-Presdent OF the company.