The age-herald., 1899-03-17
WILD DAY ON THE
 STOCK EXCHANGE Sugar Made a Sensational Rise
 of 29 1-2 Points.
VARIOUS RUMO7S AFL0AT
Tobacco Also Shared in the Advance and Went Up 10 1-2 and Reach ed 216-Other Stocks Made
 Material Gains.

New York, March 16.-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 specialties, while the railways at the high point aver aged 1S up, but there were recessions from the best and the market closed under pres sure.
 It was wild day on the exchange, Sugar figuring for over a quarter of a million shares. In the aggregate trading reached nearly a million shares. The market was moving cautiously upwards when Sugar burst into prominence and touched 17O, a rise of 29A points over last night, Il points above the September boom prices of T
 The stoe closing at 1591k.
 The fluctuations were cratic, an in- stance In point being the drop of 10 points on two transactions from the high point. A trader sold short 300 of the 800 shares traded in at 170. and in a moment was cov- cred at 16O, the only intermediate transac- tion being 100 shares at 169 Thus the broker realized 5000 on his short sale.
 There were various rumors connected with the movement in Sugar, among them the report that the trade had been settled; that an agreement had been reached with the Glucose Refining company, and the Do- scher and Arbuckle interests
 People in the trade generally discredited the rumors, protesting ignorance of any deal upon which they would likely be posted were 1t in existence. Local interests iden- tified with the concerns mentioned likewise discredited the reports, except in the case Of tho of tha Dot pany, who made no statement before the market closed. In some quarters the move ment was attributed to a corner in the stock and a punishment of the shorts, while on the other hand house which was active in the dealings claimed to be ignor- ant of the reason for the advance, but thought it of too great magnitude to have been merely maneuvre against the shorts.
 Tobacco, after yielding 71a points, made an extreme rise of 10k to 216, in sympat thy with the movement in Sugar. Glucose also rose points to 75, coincdent with the movement in Sugar. New York Air-brake touched 300, rise of 15 points; Metropolitan Jumped 5A to 25S1s; Third avenue rose to 2l9A; Manhattan to 112h; Brooklyn Transit 25s to 102; Consolidated Gas 6h to 22l, and Burlington Az to 142B. The other grangers sympathized in lesser degree in the advance.
 1OanlnR call money the greater part of the day all though some loans were made at 31b and per cent. The stffening of the money rate dampened the ardor of the specuators and caused the recession in the 1tter trad Ing, although at the close money on call was 31sq4. The buoyancy of the general market caused a resumption of commits sion house purchases, which were largely responsible for the violent rise in the grangers in the closing hour
 The bond market shared to some extent Tn the upward movement, but there were some weak spots which gave the general trading an irregular aspect. Total sales S3,32 ,OO0
 United States 3s improved B, while the new As registered reacted b and do. coupon A in the bid price.
 Total sales of stock were 9I7,SOO shares. including 43,570 Atchison preferred; 51 .750 Burlington; 4,075 Louisville and Nashville: 35,46O, Manhattan 10 25O, Reading first pre- ferred; 627O, New York Central 1920, Rock Island; 31,S40, St. Paul; 4,5SO, Southern Pa- ellie; l,65O, do preferred; 39450, American Tobacco; 26 351, Sugar; 1S,62S Tennessee Coal and Iron.
 Money on call firm at 3la@5 per cent; last loan, per cent.
 Prime mercantile paper, 3AQ4A per cent.
 Sterling exchange weak, with actual bus mess in bankers bills at $4S5A@4S5h for demand, and at $iSSQl4.S3A for sixty days.
 Posted rates, si.S44@4.S .S41a and S4.S6G4 S6h.
 Commercial bills, $4 S21a6l4S22i
 Silver certificates, G0BG601s.
 Bar silver, 59A.
 Mexican dollars, 4I1a.
 Government bonds, irregular.
 State bonds, steady
 Railroad bonds, irregular.