The age-herald., 1900-03-06
STOCK MARKET
 AGAIN FEVERISH Bears Were Responsible for the
 Changes.
 SHARP BREAK IN I. c. 6 l.
dendin Sugar, and the Professional Traders Are Nonplussed at f%5@ 4fS -zs 4estS f+>si the Sudden Change


 News York, ,A MaruaH 5.--e4ttentfon in the stock market eoftinuedf-fo be1argely dl- verted by the efeverish and excited fuetua- tions of a small number of stocks Manipu- lation by the bears was largely responsible for the changes. In the case of Sugar the operations of the professional traders were interrupted by the unexpected action of the directors in declaring a quarterly dividend of 11k per cent. on the common stock This sudden tearing aside of the veil of mystery rather Tlonplusses the professional traders, who had counted upon a period of uncer- tainty until Wednesday in which to circu- late vague tips and to keep up an excited flnctuation in the stock, with opportunities for profit both up and down. The cutting in half of the dividend was about what Wall street sentiment has settled upon, but com- ing suddenly upon the half executed plans of the speculative contingent, it left them ali at sea.
 The stock opened under pressure, but af- ter falling nearly two points, encountered very vigorous support, and was rallied to 1O55k by noon. A 1000 share lot was taken atthat price when the news became known of the dividend action Enormous selling for both accounts immediately followed, and the price slumped by wide breaks, with occasional spasmodio rallies to 97. Fluctu- ations were very wild on the recovery to par. The flood of offerings prevented the rise above that, but on the reaction to sS large buying was in evidence, against which rallied 1t to 9s1z, where it closed at a. net loss of 1as In the hour after midday transactions in this single stock reached the enormous aggregate of 62,o0o shares
 There were sharp breaks in Tobacco and Tehnessee Coal at the same time with ohe slump in Sugar. but the general market was not affected In fact the stock market gave evidence of it's relief over the settle- nlent of this disturbing question by smart rany many of the railroads rising to the best price of the day.
 Fhe market was again unsettled in the late dealings by an attack on Steel Hoop Peoples Gas and Consolidated Gas, driving them down to points. New York Central reacted 1@1A, but otherwise the railroad list was little affected and retained fair surinkling of net gains. Third Avenue, aI- ter rising to 5SA, was forced down to 54 III the late dealings, and Tennessee Coal also yielded to pressure. A quotation of 3A per cent was made for call money in the course of the late bear raid on stocks.
 The money market during the day showed no signs of disturbance, and there was no evidence of liquidation being forced by cali ing of loans. London was not a factor in the market. The bond market was rather du1f and irregular. Total sales. pan vaiue' S1,T60 GOO.
 United States bonds were unchanged in the bid price.
 New York, March 5.-Money on call steadier at 2A@3h per cent; last loan 21s per cent. Prime mercantile paper, 412qos per cent. Sterling exchange soft, with ac- tual business in bankers bill at 4.S6B for demand and at 4.S2a4 for sixty days. Posted rates, 4.s4E4. .sf1s and 4.S71hd4SS Commer- cial bills, 4 S2d4. .S21s.
 Silver certificates 59a4d6oAc; bar silver, 591%c; Mexican dollars, 472c.
 Government bonds steady; state ponds in- active; railroad bonds, irregular.
 IIau Prfuafe Wire to Murphy 6 Co.(