The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-03-02
STOCK PRICES
WORKED LOWER
The Opening Was Steady But
Values ReCeded.
DEALINGS WERE SMALLER
Than Has Been the Rule of Late-The
Speoialties Displayed Extreme r.
regularity and Standard
Stocks Showed Weakness.

New York, March 1.-Stocks today again
opened up higher and then worked lower
with some sallies. Dealings were on rath-
err a less extensive scale than of late. The
speeialties displayed extreme irregularity,
most of the day.
The opening rise was associated with the
more favorable aspect of the Philippine
situation, due to Germany's withdrawal of
her cruiser, supposedly lessening the
chance of complications. The $1,000 600 in
dividends and interest which was payable
today had but little appreciable effect upon
the money market.
Atchison preferred and Burlington had
an early appearance of strength, but n
large volume of selling orders appeared,
which, rightly or wrongly, was attributed
to some of the leading bull interests that
had been conspicuous purchasers for two
months. The same interests appeared to
be sellers of the standard stocks AS the
market ran off stop-loss orders were
reached in some cases, while London was
a source of support, taking about 10000
shares on balance.
The effect of this purchase was reflected
Prices after the extreme decline rose on
moderate dealings and then wavered down.
ward and upward in a sluggish manner,
there appearing little pressure of offerings
or urgent demand. The specalties which
were conspicuous in the initial advance
were about equally prominent on the de-
cline
Among the high priced stocks Third av-
ente railroad, Consolidated Gas and To-
bacco made notable gains, part OF which
was lost in the late trading. The profess
SIGNALS were in control of the trading most
of the day, and some of the large interests
were not very active, giving the bears con-
fidence in their aggressive tactics. South
ern and Central Pacific were under pressure
much of the day. The market weakened
up toward the close, the activity being at
the expense of values, with considerable
selling of the grangers, and the market left
off with fractional net losses in most sticks
with the tone weak. Total sales 4,670.OOO
United States bonds were unchanged in
the bid quotations.
New York, March 1.-Money on call
steady at 21A@3 per cent; last loan 212.
Prime mercantile paper $685. per cent.
Sterling exchange weak with actual busi-
ness in bankers bills at $4S60D4S6A for de-
mand and at $4.S4d4.S4A for sixty days;
posted rates 81. S415@4S5 and 4.S61s@4.S7; COM
mercial bills $4.83d4. S31a. Silver certificates
nominally 59%Q60A2, par silver o57sc' MEX
lean dollars 47asc. Government bonds
steady; state bonds inactive railway bonds
irregular.
New York, March 1.-The total sales of
stocks today were 6O7 $3.50 shares, including
%. 300 Atehison, 92,07O do. preferred, $3.50
Burlington 21,900 Reading preferred, $3.50
Missouri Pacific, 1900 Missouri Kansas and
Texas preferred, II $50 Northern Pacific.
5,O25 do. preferred II 7S0 Rock Island, 5,225
Union Pacific, 2S .4O7 st. Paul, 7,345 Southern
preferred, %, $40 Tobacco, 19,459 Steel, 1O.S5a
do preferred, 1888 Sugar, 5000 Tennessee
Coal and Iron.