The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-02-28
STOCK MARKET
WAS IRREGULAR
AguinaIdo's Consideration of
0vertures Causes Rally
TONE OF BONDS HESlTATlNG
American Steel and Wire Advanced on
Large Dealings, But Subsequently
Lost Part of the Rise-Har-
dening in Gall Money.

New York. February 27.-The stock mar
ket continued very Irregular today, and
left off rather heavy, but with fractional
advances In the prominent shares. The
railway shares assumed more prominence
In the dealings than of late, fluctuations In
those properties during which the special
ties were temporarily relegated to the
background. Prices were receding when.
toward noon, 1t was reported that Aguinal
do was inclined to accept pacific overtures,
and rally ensued. London was a noder-
ate purchaser. Covering movement in SUI
gar advanced the price smartiy, but free
selling appeared, which attracted particular
attention as 1t was by brokers who were
believed to represent houses prominent on
the bull side In other stocks and the stock
lost it's earlier gain and closed but frac-
tionally up for the day.
Third Avenue dropped % points after an
Initial rise of 4. the weakness seemingly on
reaitng when 1t was reported that the
property would be absorbed by Metropoli-
tan. American Steel and Wire advanced
on large dealings. but subsequently lost
part OF the rise. Federal Steel to a lesser
extent sympathized with both movements
in American Steel and Wire.
Atchison was weak during the early re-
eessien of the market, but Stiffened on the
report that further dividend on the pre-
xerred would be considered at the direc-
tors meeting in March. Subsequently the
stock was sold down in common with the
drive at the rest of the market American
Dist. Telegraph made a gain Of points on
the report that control of the company had
been secured with a view of using its sub
way privilege for a new telephone COM
pany. The Changers were in request in the
off showing quarter of
million net increase in July. Tho Changers,
however with the specialties, sagged DUR
ing the late selling movement. The Phila-
delphia company recovered over points IN
heavy subscription for their bonds offered
this morning. Ontario and Westerns
strength was ATTRIBUTABLE to the reports
that the VandeA0 ests had taken
much of the stock. It WtSs said that the
pool which had advanced the stock ad-
vanced some rs O00 shares in the early deal
ings. Some hardening in call money rates
accompanied the late selling.
The bond market displayed hesitating
tone throughout, some issues forging up
ward while others felt the effects of real
izations. Texas and Pacific seconds moved
up to 81 on rumors that an early dividend
payment was possible. Total sales sS'oso'
000
United States new As, registered, ad-
yanced " and the SIS and IS, 1s in the bid
price.
New York. February 27.-The Commercial
8 Advertisers London financial cablegram
says: - -. :
The markets here were very quiet and
dull today Americans began weak. Lon
don bought eagerly for an hour, and New
York sold later. Tile close was near the
worst, except Ontario and Western, which
was in demand all day. Coppers heavy.
r'intos, 3s1s; Anacondas, Ills; Bostons'
1915. ..
Money In good demand for repayments
TO the bank The bank is buying goid at
us sd. Germany is also nibbling.
New York February N-Total sales OF
stock S45. 100 shares, including $4,000 Atchi-
son preferred; IS ,730 Burlington; 64e0 Louis
VILE and Nashville! 26,7OO st. Paul. S,loo
Southern, preferred; 22,2S5 Texas ana "a
cific; 54,7S5 Steel; 67,7O0 Sugar; n,37S ZEN
nessee Coal and Iron.
New York February 27.-Meney on call
steady at 2@3 per cent; last loan, per
cent; prime mercantile paper, 343ss per
cent; sterling exchange steady, with actual
business In bankers bills at &S6A@f8h
for demand and at $4S414d4. 841s for sixty
days; posted rates, $4.S41aas5.00 and s4S61s@
4.S7: commercial bills, $4.S3kq4.S4; silver
certificates nominal, 59ls@60R; bar silver,
b9h; Mexican dollars AIN.
Government bonds strong.
State bonds steady.
Railroad bonds irregular.