The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-02-25
STOCK PRICES
WERE IRREGULAR
Values Moved Alternately Down
and Up Leaving Changes Mixed
LONDON SOLD ON BALANCE
The Market Displayed Feverishness as
the CoEtending Factions Succeeded
In Either Lifting or Depressing
Prices of Stocks.

New York, February A.-Stock quota
tons were decided irregular. and the move
ment was in some respects a counterpart
of yesterday. Prices opened favorably for
the bulls In a number of stocks, the indus
trials and the specialties being prominent
Subsequently values moved alternately
down and up, leaving the net changes
mixed with losses averaging point In
prominent railways, accompanied by some
sensational advice among the specialties.
The dispatch from the American naval
commander in the far east requesting the
presence of a battleship for political rea-
sons was considered possibly of an unfa-
vorable interpretation. but the rout of a
body of Filipinos by the American army in
measure offset the advices.
London, after some firmness, was
seller on balance. The international shares
were generally fractionally higher in the
earlier dealings, while the advance in Bur-
lington, Tobacco and the steel stocks gave
an early appearance of strength. The
smart recoveries from yesterdays close
failed to hold in the case of the railways.
Realizing in st. Paul on it's favorable
showing for the third week in February
left it below yesterday and Burlington lost
its early advance and declined further
ending with loss of u on the reported
Abandonment of a general refunding
plan.
There was considerable professional SELL
ing as well as some pronounced realizing
and stop loss orders were reached. Trad
ers were induced to sell on the idea that
there would be a substantial decrease in
the bank reserves tomorrow. The market
displayed feverishness as the contending
INT
pressing prices and then dealings con-
tracted with a somewhat professional APP
pearance to the afternoons trading.
TOBACCO made minimum rise of points
on the rumor that large operat tor was still
short and refused to cover, and the circula.
tion OF stories to the companies earning
power. Subsequently the prices ran off
and closed at a gain of ~. There were
some very violent advances among the To-
cal specialties, the extreme rise in the case
of Third Avenue being IA, Consolidated,
121s; Brooklyn Union Gas, S1a and points
In Metropolitan.
The advance in the gas stocks was in ex-
pectation of securing the passage of the
law allowing the convenient manufacture
OF gas in contiguous territory which would
permit the disposal of valuable real estate
American Tin and New York Air Brake
rose points at jump. Sugar was some
what weak at one time on the continuance
OF dividend rumors and international paper
eshares receded on realizing following the
declaration of dividends of ~ on the pre-
Tered and 1 on the common. The selling of
the active list began with heavy realizing
IN burlington and Sugar. The feature of
today's bond trading was the active inquiry
Tor San Antonio and Arkansas Pass Is
which improved points, The general
market was very irregular, weakness and
strength developing in many cases The
total sales were IS 200 OO0 Government
ponds were unchanged in bid prices
Total sales of stock today, S91 100 shares
including 1920 Atchison; 54,S2O do prefer.
RED; 4oOO Baltimore and Ohio; eS220 Bur-
Nngton; S,435 Louisville and Nashville. II :.
40 Manhattan; 5000 Reading; 6.40O New
York Central; Ia, 800 Rock Island: g. 9aa ST
Paul; 1880 Sugar; n,07O Tennessee Coal
and Iron.
Money on call steady at 2a2Ih per cent. !:
last loan, at 21a
Prime mercantile paper, 2A0D31h Der cent.
sterling exchange strong, with actual
business in bankers bills at 81 S61b0fI Sesl
for demand and at s4@AQ4. S41h for slxty
days.
Posted rates, $4.S4k@4S5 and $4.S61k04.S7.
Commercial bills, $4.SSQ4S3A.
Silver certificates, nominalIy 59lk16oh.
Bar silver, 5915.
Mexican dollars, 47k
r. Government bonds steady
State bonds easier
Railroad bonds irregular.