The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-02-24
BULLS And BEARS
DIVIDED HONORS
The Stock Market was Extreme
ly Erratic Yesterday.
FOREIGN DEMANDl STRONG
London Took 10000 Shares. One-half
of Which Was Atchison-Tobacco
Displayed Strength-Reports
Were Sensational.

New York, February 23-Today's stock
market on dealings in excess of a million
shares was extremely erratic and the net
results showed honors about even between
the bulls and bears.
The most significant losses were made in
Sugar and the granger group, Burlington
figuring 315. The leaders in the other coll
umn were Tobacco, Minneapolis and st.
Louis shares and Third Avenue. The mar
ket opened strong, with considerable de-
mand for foreigners, London taking $1,000
shares, over half of which was the Atchi-
son. Plenty Of selling orders appeared and
prices receded from the opening figures in
some cases sharply. A rally ensued with
Tobacco, the coalers and the grangers
prominent. Tobacco's strength was accom-
panied by an announcement that settle
ment with opposition concerns was immi-
nent, which involved a consolidation of in
terests.
The action of the Baltimore and Ohio
directors on the refunding scheme not full
filling expectations entertained in some
quarters resulted in sharp break in that
property, which was accompanied by SIM
ultaneous break in Sugar. A report was
circulated widely that large issue of
government bonds was pending and this
attended sharp raid. The information
was said to have been received in a pri-
vate dispatch, but no confirmation was OBJ
tainable. Tobacco fluctuations on the vari-
Gus reports was very sensational. 1t opened
up several points, finally closing at 1856.
somewhat above the normal margin. Met
ropolitan, after dropping points from the
opening. rallied 511 and closed a point off,
while Third Avenue lost about " of Sth
point rise. Consolidated Gas worked up
Az and then suffered a decided break.
Minneapolis and st. Louis shot up about
points, and the second preferred points.
on rumors that the directors might re-
tire the companies first preferred. Special
strength was shown by American Steel
gaining points, when the general list was
crumbling. This was due to glowing re-
ports of the company's business, which en-
anated from parties connected with the
property. Sugar was supported IN the
early dealings, but ended with 5-point
loss. The coalers averaged over a point
up, with Jersey Central exceptionally
Jumping 31a on renewed reports of progress
toward regulating the coal trade
The market closed irregular, with weak
undertOne. The bond market d1Spldyed
marked degree of strength, which was not
Influenced by the block In stock prices UNI
til the close, when some issues yielded in
sympathy Total sales, IS, $50 900.
United States IS declined " in the bid
price.
Total sales of stocks today were 1,0l1, 400
shares. including 1920 Atchison; 1880 do
preferred; 10110 Central Pacific; $50
louisville and Nashville; 1890 Manhattan;
89,O1S Reading preferred; 1900 Kansas and
Texas preferred; IL 600 Jersey Central 49,
200 O. & W.. 10 $50 Rock Island; 1880 Union
Pacific; Is $50 st. Paul; 1890 Southern Pa
cific; S,4OO Southern preferred; 100000 To-
bacco: % $50 Federal Steel; 1850 Union Pa
cific preferred; S,720 Peoples Gas; 12,U1S
Consolidated Gas; 1850 Brooklyn Transit;
45,O2O Sugar; 1923 Tennessee Coal and Iron
New York, February 23-Money on call
2Ia@3 per cent; last loan, 2h per cent; paper
money on call, 2A@9A per cent; sterling
exchange steady, with actual business In
bankers bills at s486A@4S61k for demand
and at $4S4d4 san for sixty days; posted
rates, $4S4ha4S6 and s4.S61A@4.S7; CONNER
cial bills, s4SsA; silver certificates. nomi-
nal, 591a@6O1s.
Bar silver, 59h.
Mexican dollars 47A-
Government bonds easier.
State bonds firm.
Railroad bonds strong.