The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-21
STOCK MARKET
WAS UNCERTAIN
Much Speculative Excitement But
Few Net Changes.
BROOKLYN TRANSIT THE INDEX,
Other Stocks Following Its Lrrauc
fluctuations Bonds Weakened
Somewhat But the Range Was
Small Money Unchanged.

NEW YORK, Sept 20-This was a day
OF violent fluctuations and great spccuid-
tive excitement upon the Stock Exchange.
, ho movement of prices was so feVciish
and uncertain that the disposition among
profess lonal operators was general TO
close uP accounts with thc Qay. AS "a con
sequence net changes are astonishingly
small. considering the wide vibration dur-
ing The day. ln only few instances 90
they exceed fractions. and though the ma
3orliy OF stocks are lower, there U.s. a fair
sprinkling of gains. There was "a rise In
the morning when a lost list OF special
Ties had advanced between ~ and per
cent and during the afternoon they fell
very generally 20 as much below last
nights lowell a range OF between and :
points was tr4yersed during the day by q
humber of industrial stocks. The railroad
stocks did not move nearly so widely.
ns Ca rule, but an extreme range of be-
tween "a. and iM was travcrsed by some.
The index OF the market all day was
Brooklyn Transit. the dealings I'm which
were CON- an enormous scale. 10 advanced
pa after the opening fen "a 90 new
low level W ION and then rctrlCed its
course. rising points 20 $50. and closing
at the high level Of The morning. The
whole market followed I'm its wake in
general way. though its erratic huctua-
tions were impossible TO follow at an
times. The market was q gigantic spccu-
lativc contest throughout.
There was large selling through COM
mission houses. and the flood OF Indus
trials poured upon the market was said
20 be due 10 the calling of some large
loans in which these stocks figured as
collateral. and which had 10 Zoe sold 10
liquidate the loans. United states Mining
which sold yesterday az % sold to-day
az "a. after first selling az -. am extreme
decline Of 30 points The preferred stocks.
after selling yesterday at ~, sold To-Day
nt 80. "a decline Of - points Inc ciosins
quotations for these stocks were-Ior lhe
common. 2002j. and for the preferred
d005O
There was no important Development
to-day in tho money situation. fofeish
exchange was somewhat easier more no.
tahly $50 ON Paris and Berlin than on Lon
don AT this time last year when New
York surplus reserves had fallen below
5000 GOO gold began promptly 10 come IN
from Turore Previous to last September
we had already imported over SlhWn-
coo Of gold on balance. while mus iar ms
year the excess OF exports Of gold ON b3l-
ance has been nearly S3op0OVt Although
the excess of merchandise exports lot
eight months NJ this year ls nearly 500
10000 Jess than last year, the unilom-
dated trade balance an our favor thus far
this year IFS. therefore, over S2Hooe"5
great than for toe same period last year.
Nevertheless. with call money ruling at {
per cent I'm New York. sterling exchange
is still hc. I'm the pound above the leFel
AT winch ENlu lNliNiA 1 NH-ttii Aft7N '.'-f
Bonds weakened in sympathy win
stocks. but the movement was not VIDE.
Total sales. par value. Sl5l2O0o United
States bonds were unchanged in BID quo
tatlOn. .
The total sales OF stocks We're 9ljlo9
shares. including Atchisou preferred, di'-
40. Chicago Great Western. HU2O. Bur
lington. 81 $50. Rock Island. 1870. Della
ware IackaWanna and Western. 10H4t;
Louisville and Nashville. 1880, Manhai-
tan. 40 $40: metropolitan, 1905; Missouri
Pacific. 1910 New York Central. $500,
Northern Pacific G.9jO. Ontario and West
ern. Q225: Pennsylvania. j3lO. Reading
first preferred - no. ST. Paul, $500,
Southern Pacific 612j; Southern pre-
fcrred. 1850. Union Pacific. eco: Union
Pacific preferred 7.270. American Steel
and Wire 12O0O Tobacco. Jj.lIO. Brook
Iyn Transit. 2s5175: colorado Fuel and
Iron 1850. Continental Tobacco. 1900
Federal Steel. 24720: Federal steel pre-
ferred 1920. Peoples Gas. a 100. Su-
gar 5000. Tennessee Coal and Iron, TO-
400.
MONEY AND EXCHANGE-Mone on
call firm at GaI5 per cent; last loan at
G per cent. prime mercantile paper 48nJ
per cent. Sterling exchange easier. with
actual business in bankers bills 40 $As5i2
"a S54 for demand and at Sie3n iS2lt for
sixty DAYS. posted rates. 50 Siu $50. and
s. S81sQ4sI. commercial bills S4Sll4.