The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-04-18
RECEDED BELOW
SATURDAYS CLOSE
Stock Prices Went Down as. Call
Money Advanced.
THE OPENING WAS ACTIVE
Dealiv Were Largely Confined to- Tho
Industrials and specialties-The :
Bond Market Was Strong and
Advances Were Recorded. ~

New York, April IA rise in call money.
and a recurrence on discrimination in loans
against the industrlals caused prices to le-
cede below Saturdays close in the after
noon trading.
The MARKET as usual on Monday after
a strong Saturday closing, opened active
and strong on accumulation of outside, or
ders. Except for squirt of strenth in the
grangers, with Burlington leading, although
they subsequently lost about all their
earlier gain, the dealings were largely con-
fined to the industrials and specialtiss.
Prominent in the early strength were the
Tobacco, Iron and Steel shares, Anaconda
Mining, Cotton Oil and General Electric.
The latter was influenced because of the
gossip relative to dividend prospects.
Manhattan, Sugar ard Brooklyn Transit
were consistently weak, although Brooklyn
Transit recovered somewhat from the low
est. Many of the specialties which had
advanced most readily were equally con-
spicuous in the afternoon Decline especla ly
Continental Tobacco, Federal Steel, Colo
RADIO Fuel and Iron and American Steel
and Wire.
An advance in wheat gave encoura cement
TO the bears, who construed IL as confirma-
tory OF crop damage gossip. The strengi h
in the call money market, which ranged
from 41a to 6, was in measure due to the
financing of another crop OF Industrial
combinations, including payments Incl
dental to the organi2a ton OF the American
Hoop company. There was considerable
selling for western account in the after
noon trading, which gave encouragement
to a large interest which operated appar-
entity on the short side London was
purchaser of a number of dividend paying
tlat fxfg.
low grade shares. Expectation that the de-
cision of the Rapid Transit commission
would DE rendered this afternoon was
source of strength to Metropolitan and
weakness to Manhattan on the possibility
that it might fall to the former The gen
eral market left off rather weak.
Business in railway mortgages was well
distributed today and a generally high
range of prices established. Total sales
$3,0G5,O00
United States new AS registered, the old
As registered and the IS registered adj
vanced Il, and the new As coupon Is in the
bid price.
The total sales of stocks today were
73o,e43 shares including: 1880 Anaconda;
9e,OiO Brooklyn Transit; 1860 Burlington;
H.1W Colorado Fuel and Iron; G5,2OO Copti-
mental Tobacco; 6,000 Kansas and Texas,
referred; 300 Louisville and Nashville;
;e,ie0 Manhattan Consolidated; 400 Next
AN Central; 41,l00 New YORK CeHtIali AlVo
Peoples Cas- %, 100 St. Paul; 1890 Southern
Pacific; $500 Southern Railway 1929 Ten
Eessee Coal and Iron; 800 Texas and
Pacific
Money ON call firmor at 1906 per cent;
last loan, per cent
Prime mercantile paper, 31a04A per cent.
Sterling exchange strong, with actual bu-
sincss in bankers bills at $4S61244.S6ss for
demand and at $4S412@4S4A for sixty
days.
Posted rates, s4S5@4S516 and $4S7i5.
Commercial bills, S4.S3A.
Silver certificates, 60d6012.
Bar silver, SOS.
Mexican dollars, ATS.
Government bonds strong.
State bonds strong
Railroad bonds strong.
(By Private Wire to Paine, Murphy & COB