The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-03-01
LEADING STOCKS
SHOWED DECLINE
All SpecialtieS Showed Consider
able Strength at One Time.
RUM0R OF CLASH AT MANILA
Caused the Market to Break, But When
it Became Known THAI No Such
News Had Been Received
a Rally Occurred. IL

New York, February 2S.-There were av-
erage declines today from 1 to points
among the leading stocks, including the
railways, while In the case OF Burlington
there was AN extreme decline of AZ.
The specalties all showed considerable
strength at one time: extreme declines
from the highest were generally large,
Metropolitan As Az, Consolidated Gas s,
Brooklyn Rapid Transit 25s. International
Silver 51e Sugar 3, American Steel and
Federal Steel 21a, ST. Louis and San Fran
cisco Is made extreme dip Of poin 10
from the top, while Lackawanna and .Atch-
json preferred figured for about "a each 8
Third Avenue was subject to violent
fluctuations on denials and re-assertions
OF the story that it had been acquired in
the interest of the Metropolitan Traction
company. After a break of 8 points Third
Avenue rallied 10, lost 10 points and ended
unchanged on the day. In the early trad
ing there was small buying by London and
interests connected with the steel stocks
and also some purchases of Burlington.
Realizing by commission houses sent prices
off. =
Burlington's decrease of So, 600 in surplus
during January had a depressing effect
on the railways, being coupled as 1t was
by realizing in Atchison on the unfavorable
Interpretation given to it's January state
ment. which appeared late yesterday. <~e.-
The market rallied and then declined
again on talk of the possibility of lighter
call money and on the circulation of ru-
NOR that the Americans had sunk a Ger
man cruiser at Manila. There was a brisk
attack on the values, stop-loss orders being
uncovered and considerable liquidation was
induced. Prices picked up when 1t became
known that no such disturbing Manila ad-a
vices had been received, but speculation
became unsettled again with the renewal
of pressure. Sugar, which showed early
strength on reports of the acquisition In
a measure would account for the weakness
of the market. sg3s
Many millions of dollars worth of Amer
lean securities sold by London in previous
weeks reached New York in the past few
days, but the agents of some foreign houses
expressed the opinion that shipments have
practically ceased at least for the present.
as sales for foreign account had of late
been largely balanced by purchases.
General weakness marked the bond trade
today with the active issues receding
States new As advanced Il and the IS d
in the bid price.
New York, February 2S.-The total sales
of stocks today were sos, 700 shares, includ
ing, 10 $50 Atchison, 1895 do. preferred,
1900 Burlington, $50 Louisville and Nash
vile 5000 Manhattan, 1920 Reading pre-
ferred, $40 Missouri Pacific, 1920 New York
Central, 4,790 Reading, 17,l40 St. Paul, 4,659
Southern preferred 2S,915 Sugar and $500
Tennessee Coal and Iron. -
New York, February 2S.-Money on call
steady at 21aq3 per cent; last loan g. Prime
mercantile paper 3@3h per cent Sterling
exchange steady with actual business In
bankers bills at s4.S614Q4S6R for demand
and at s4.S4A@ 4.S414 for sixty days; posted
rates $S4k@4S5 and $4,S61a44.S7; CONNER.
cial bills s4.SS1a@4.S4. Silver certificates
nominal at 59h@6O1ac; bar silver, 591ac; Mex
lean dollars, 47Ac. Government bonds
strong; state bonds firm; railroad bonds
weak.
ss