The age-herald., 1899-03-30
BULL MOVEMENT
 RECEIVED CHECK
SensationaIAdvanceS Forenoon
 Brought About Realizing.
FURRY IN MONEY ON CALL
Brooklyn Rapid Transit Made an Ex- treme Rise of g Points, and Deal ings Amountedto to Over Quar-
 ter of Million Shares.

New York, March 29.-The bull move ment in stocks which started Saturday re- ceived its first material check shortly be- fore noon today. The dealings were con- siderably above the million share mark, with nearly quarter of a million of the transactions in Brooklyn Rapid Transit,
 The sensational advance in the forenoon brought about realizing sales on an enorm- ous scale in the late session foreign ex- change was strong and higher and espe- cially on short bills. There was no satfs- factory supply of commercial bills and the April settlements were given as the req son for the increasing trading demand which Is said to be unconnected with any anticipation of the settlement of the Phil D. pine indemnity money.
 There was furry in call money, which vent as high as per cent. and closed at S2. These circumstances, together with the early strength in wheat accelerated the afternoon declines which embraced even more stocks than were prominent on the rise. Brooklyn Transit made an extreme rise of points, dropped over and closed with net advance of points from the top in this stock, which sold today at over l0o points above figures prevailing last April, was on large blocks of stocks thrown over by the traders; but on the decline supporting purchases by the parties identI- fled with the property resulted in rally. As in the manipulation of this stock many brokers ran, and 1t Is difficult to say whether the decline was on genuine real lzlng or to shake off an undesirable follow Ing. Although Northwest closed wi.h a gain of less than points, it had at one time risen to the extreme of 2 points.
 New York Central, which at one time was up 5as, retained less than of the rise The stocks were unusually active and re- Vived talk of the possibility of a consolida- tion. It was said that there had been enormous realizing by interests active in manipulating the rise in several stocks which were easily taken because of pur- chasing demand aroused by their recent strength This, however, is a matter of pure conjecture. Reports of a hitch in the delivery of certain properties to the Con- tinental Tobacco company and talk of the possibility of a trade fight kept the To- bacco stocks weak most of the day, Ameri- can Tobacco being off points and Conti- mental 25s.
 Federal Steel and similar properties sur- fered on realizations. Weakness also de- veoped in General Electric. Rubber, Atchi- son preferred and the coalers. The granger stocks showed good gains in the early pe- riod of strength and receded with the rest of the market in the early afternoon The market closed weak and active with many sharp losses.
 Railroad bonds participated fully in the vagaries of stocks today, but the range was well within the point of the most active is sues. Total sales, $4, ,345 900. United States bonds were unchanged in bid quotations.
 Total sales of stocks today, 1141 500 shares, including 60,560 Atchison preferred, 6,650 Central Pacific, 35 ,240 Burlington and Quincy, 16,410 Big Four, Il ,32O Illinois Cen tral, 5,5S1 Louisville and Nashville, 26 G35 Manhattan, Il ,715 Metropolitan, 5,470 Read ing first preferred, 2S,575 Missouri Pacific, 6, 1920 New York Central, 14,7O0 Northern Pacific, 19,512 Northwest, 4,375 Ontario and Western, 20830 Rock Island, 26,320 Union Pacific 2l $50 St. Paul. 5,130 Southern rail- way, 10,555 Southern railway preferred, 26,- 962 Union Pacific preferred, 10,s20 Wabash preferred, 21 ,945 American Steel and Wire, 3,136 American Tobacco, 96 200 Federal Steel, 25,000 Federal Steel preferred, 5000 Peoples Cas- 259. .930 Brooklyn Rapid Tran sit 33, ,250 Consolidated Tobacco, 13,150 Chi cago Great Western.
 Money on call, 31aG7 per cent; last loan, S1a; prime mercantile paper, sh44A; ster- ling exchange strong, with actual business in bankers bills at 4S61a4A for demand, and at 4.S41a01% for sixty days; posted rates, 4S41a6p4.S5 and 4S61a@4.S719 commer- eial bills, 4.S3GD1h; bar silver certificates, 6o@6eA; bar silver, 591s; Mexican dollars, 47h.
 Government bonds steady.
 State bonds strong.
 Railroad bonds weak.