The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-03-17
CASTORIA
For Infants and Children.
The Kind You Have Always Bought
signature sssss the Of lMAZzzM
The stock Market.

New York, March 1.-THE sensational
rise in Sugar was largely responsible for
the elimination of much Of the short in
terest in the rest Of the list, material
gains appearing, notably among the
speciaIties. while the railways at the
high point averaged / 1-2 per cent, but
there were recessions from the best and
the market closed under pressure. 1t
was wild day on the exchange, Sugar
figuring for over quarter of a million
shares with the aggregate trading
market was moving cautiously upward
when Sugar burst into prominence and
4 touched no. a rise of 20 IA points over
last night, eleven points above the Sep
TENDER boom prices of 97. The stock
closed at 1859 H. The fluctuations were
cratic and instance in point was the
drop of ten points on two transactions
| from the high point. A trader sold
short 300 Of the 800 shares traded in at
no. and within a moment covered at
160 the only intermediate transaction
being 100 shares at 1859, thus the broker
realized $4,000 on his short sale. There
were various rumors connected with the
movement in Sugar, among them the re-
port that the trade war had been set
tied, that an agreement had been reach
ed with the Glucose Refining company
and the Doscher and Arbuckle interests.
People in the trade generally discredited
the rumors, protesting ignorance of any
deal upon which they would likely be
posted were it In existnece. Local inter-
ests identified with the concerns men,
toned, likewise discredited the reports,
except in the case Of the president Of
the Sugar Refining company who made
no statement before the market closed.
In some quarters the movement was
attributed to corner in the stock and
punishment of the shorts, while on the
other hand a house which was active In
the dealings claimed to be ignorant of
the reason for the advance, but thought
it of no great magnitude to have been
merely a Vancouver against the shorts.
Tobacco after,yielding 7 IL points made
an extreme rise of 10 liz to PIG in sym
pathy with the movement in Sugar
Glucose also rose points to rs points
coincident with the movement in Sugar
New York Air Brake touched 200. a rise
Of Is points. Metropolitan jumped IA
to 258 IL, Third Avenue rose to 219 "a
Manhattan to 112 IL, Brooklyn Transit
3-S to 1872, Consolidated Gas 6 IL to 221
and Burlington IL to 142 rs. The
other grangers sympathized in lesser
degree in the advance. Four per cent.
was the loaning rate for call money. the
greater part of the day. although some
loans were made at 8 1-2 and 5 per
cent. The stiffening of the money rate
dampened the ardor of spectators and
caused the recession in the later trad
ings, although at the close money on
call was 1-2@4. The buoyancy of the
general market caused resumption of
commission house purchases, which
were largely responsible for the violent
rise in the grangers in the closing
hour.
The bond market shared to some ex-
tent in the upward movement, but there
was some weak spots which gave the
general trading an irregular aspect.
Total sales, So, 1926, o0o
United States threes improved IS.
while the new fours registered reacted
is and the coupons IA in the bid price |