The times. [volume] (Richmond, Va.) 1890-1903, 1899-03-17
SUGAR WENT Up
LIKE A ROCKET
And the Sensational Rise Caused
Many Other Material Gains
WILD DAY ON STOCK EXCHANGE.
The Aggregate Trading Reached Al
most a Million SbaTes-Narious
Rnmors We're Ahoat rs 60
the Movement in Sugar,


NEW YORK. March lC-The sonsa-
don. rise iu sugar was largely rcsuon-
slble for the elimination ol lnuth OF the
short interest lu the rest OF thc "7t' ma
tcrial gains appearing, no'aD'4 eiiiDi's ,,e
fpcclaIuts. bu there were lcCesaiohs from
tho best and the market ciOscu uudcT
pressure. 90 was Wild day on the eA-
change sugar uEuuug Tor over quar-
ter OF "a mutton shares. Win the a6Bie-
gate trading reaching nearly mHiioh
shares The market was mONin cautious
a. upward whom sugar burst INTO promi-
nencc and touched li'. rise OF -tlif points
over last nlsht ana II POINTS 1goNe .ue
September boom prices OF 1871 Inc stock
closed al f1u3 The fluctuations were
orratic. an instance in point being the
drop OF 1p points Ou TWO trans lotions
30 of tine thousand SHARES traded I'm at
10. and within 60 moment covered M lu0
The only intermediate TRANSACTION ptlhB
1Ol shares ut 1862 Thus the broker reai-
ized aOpu on his short SALE There were
various ruuOrs connected with the move
mcut in Sugar among them the report
that the TRADE way had been settled. lhdt
am agreement bad been reached WIN lne
Glucose Refining Company and the
Dosoher and Arbucklc interests. People
IN The trade generally discrcdited the Fu-
0ors protesting ienor4nce Of any ueAi
upon which they would likely Doe posted
were 90 in existence. Local interests i0cu-
titled with the concerns mentioned ike
wise discrcdltcd the reports. except bon lne
case OF Che president of the sugar refining
company. who made mo statement Driofe
the market closed I'm some quarters me
movement was attributed TO "a corner i'm
the stock and 20 punishment of the shorts,
while. ON The other hand. house winch
was active iu the dealings. claimed 90 be
ignorant of the reason for the advance.
hut thought DO too great I'm magnitude To
have been merely I'd manouvre against the
shorts Tobacco after yielding az POINTS.
made am extreme rise of lNi2 to @l". ln
sympathy with the movement ln sugar.
Glucose also rose q points 20 -. coincl-
dent with tnc movement ln sugar. NcM
York Air Brake touched 200 o. rise OF
10 points. metropolitan jumped Jls TO
21Sis. Ihird-AVeuue rose 10 -l"4, Mdu-
haitian to 1922. Brooklyn Transit rs
20 i02' Consolidated Gas Ga 20 ri. ana
Burlington AZ To 1925. The other
granecrs sympathlZcd IN lesser degree
ia the advance Four per cent. was the
ioaning rate for call money the greater
yart OF the day. although some loans We're
made az 81 Der cent The stlncning of
the money rate ddmpcued the dfdOi OF
the spectators and caused the recession
In the later tIaaiHg although al the close
money Ou call Was IieTf per cent Inc
huoyancv of the general market caused
90 assumption OF commission mousse puf-
chase-. which were largely responsible
FOR the rise iu the grangcrs In the closing
The bond market shared 20 some OK
tent u the upward movement, but there
were some weak spots, which gave tne
sales. S33-J.Uto United States 3's im-
proved ls while the new 4s registered
reacted is and do. coupon "a In the bld
uuce. $4,000.
shares. including $500 AtChisOn pre-,
ferrcd. $3.50 Central Pacific 5j 100 Mau-
haitian. 1900 metropolitan street ral-
way. 1880 heading mst preferred, 6-io
NI.H d u \