The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-03-08
STOCK PRICES
CLOSED HIGHER
Final Dealings Recovered Earlier
Losses and Ended Strong.
CALL MONEY WAS EASIER
On Account of the FURRY on Monday
Unemployed Country Bank Bal
ances Were Expected to Be
Transferred to New York.

= New York, March 1.-The stock market
today In the final dealings recovered earlier
losses and ended stronger and higher than
yesterday.
There was an effort on the part of the
professionals to depress prices in the early
dealings, which was successful only tenn
porarily and to moderate extent In
vestors generally held to their stocks
and the market became exceptionally dull.
The rate for call money, which in the final
transactions touched 3iz, with an accom-
panying easier tone In the sterling ex-
change market, eased off with the last loan
at 214, with a resultant better tone in the
general market. 1t was said that because
of yesterdays furry in call money a con-
siderable amount of unemployed country
bank balances was expected to be trans
ferred to New York this week. The deal
ings for the entire day were less than half
a million, and except for the opening and
closing dealings the ticker was practically
silent at intervals.
The dealings for London account were OF
small volume, with hardening tendency
at the close and about the best prices of
the day on the curb. Third Avenue Rail-
road lost about points on the public agi-
tation against increasing the electric lines
already on a prominent avenue. The grang-
ers, some other standard stocks and the
Pacifics were even more prominent on the
rise than in the earlier weakness.
The anthracite stocks, except Lacka-
wanna and Rubber, were strong because
OF the snow storm and the weather. Fore
casts of General Electric and annual re-
ports being favorable strengthened that
stock. A number of the specialties, includ-
ing Peoples Gas, rose easily.
Reports that the Chicago and Alton was
planning to use Chicago terminal facilities
brought out speculative activity in the lat
ter. There was much difference of opinion
ON the board regarding the dividend tomor-
row on Sugar with the general expectation
of the regular disbursement, closed at the
best prices.
Considerable firmness developed in vari-
Gus spots in the bond market, but this
tendency was in a measure Offset by heavi-
ness IN others. Total sales $3,145,OOO.
United States 3's and the old As regis
tered declined ", and the new As rs in the
bid price.
Total sales of stocks today were 431 ,450
shares, including: Atchson, 1880; A,OOO
Atchison, preferred; 10000 Burlington; 5000
DeldWare anu I1uuSOH, o,1VV l<OuiSfh'O anu
Nashvile 1900 Manhattan; 1890 Reading
first preferred; $500 Missouri Pacific; 5000
New York Central; 1900 Northern Pacific;
1887 Rock Island; 100 Union Pacific; 27,210
st. Paul; ALSO Southern Pacific; 5,115 South
ern Railway; 5000 Southern Railway, pre-
ferred; $500 Texas and Pacific; 3100 Union
Pacific, preferred; 11,40O Bay State Gas;
SITS Federal Steel; 1900 Federal Steel, pre-
ferred; II 800 Brooklyn Rapid Transit, 1880
Sugar; 5000 Tennessee Coal and Iron.
Money ON call steady at 2lkQ3h per cent;
last loan, 21a.
Prime mercantile paper 3Q31s per cent.
Sterling exchange steady, with actual
business in bankers bills at $4.S51a6D4.S5a4
for demand and at $4S3hQ4S7 for sixty
days.
Commercial bills, s4.S22
Silver certificates nominal 59kG60ik.
Bar silver, 59h.
Mexican dollars, 47b.
Government bonds weak
State bonds inactive.
Railroad bonds irregular.