The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-16
THREE STOCKS
RULED MARKET
All Interest Conferred in Sugar, Third
Avenue and Burlington.
EVIDENCE OF MANIPULATION.
Decided Inclination Manifested by
Tired Holders to Throw Over
Stocks in Late Transactions.
Closing Active and Weak.

NEW YORK, March alJ.-1ne principal
interest in to-day's stock market CEN
tered in Sugar. Third-Avenue. and Bur
lington and Quincy. The rest of the
market gave evidence of some dlSap--
pointment over the non-ctfect Of the cur
rcncy and refundiDS law Prices were
sustained for time by the strength OIL
the three stocks mentioned ana some
others less prominent. Burlington was
most consistently strong. and gave evil
dence of manipulation, said to be by a
pool formed TO advance the stock It's
extreme rise was TX. 1t had the most
effect on the other EranGers, but served
as a tonic on the whole OF the railroad
stock list. The iron and steel stocks, as
q group. were inclined TO tirmness on the
confidence expressed by trade pubiica-
tons in the maintenance of prices. Third
Avenue feverish and active all day.
Its strength was attributed by many 10
operations against the large outstanding
interest, and the stock advanced at one
time above 20. compared with % on 4
drive at the opening.
The violent fluctuations in the price re-
hectcd the doubtful and conflicting opln-
ions of spectators in the stock. II closed
with a net gain of 2as. Sugar was not SO
cratic and did not move over so wide a
range. but its extra rise of 3Ra after an
opening decline gave way to reaction in
The late dealings, and 1t closed pracEcaily
unchanged.
There was a decided inclination TO
throw over stocks by tired holders in the
late transactions, and the closing was
quite active and weak, the earlier gains,
except in q few cases. being wiped out
Reading first preferred fell sharply near
" points on the reports by trade
authorities OF softness in the anthracite
market.
Peoples Gas was also conspicuous in
the late break. The general expectation
OF a poor bank statement was the under
lying motive Of the selling The rate ior
call loans was, however. rather easier
than yesterday under the influence oil
u disbursements. The prevailing
rate was ) per cent. and loans were
made at per cent. New York exchange
at Chicago had declined Sharply 10 iuc.
discount. compared with pc. yesterday,
and there was a similar movement at
other points.
To-day the Sub-Treasury made another
large draft on the cash resources of the
banks. bringing its total Withdrawals for
the week thus far up to So 900. As the
surplus last Saturday was below Ho.ouo,-
OG0 and the currency movement Is gen.
orally believed to have been in favor OF
the interior since then, while the loans
of the banks have evidently been further
expanded. it il difficult. to believe es. that lat
surplus for the banks this week.
The report of a deficit is bound TO nave
an unfavorable sentimental erect on
prices However, soon relief may DE
forthcoming from new bank circulation
or the disbursement of the Government
bond premiums London sold stocks IN
this market. apparently on account OF
there, which are called stringent, and
which the statement Of the Bank of Eng
land shows no prospects of improving IN
the immediate future.
Business in bonds continued on large
scale but prices yielded in some portions
of the list. Total sales. par value.
81 $40 600 United States IS and new s
declined u, and the old As and 3sh
in the bid price. -oo
The total sales of stocks We're 4oi ,'"o
shares, including Atchison, 600; do. pre-
ferred l47:;7; Burlington and Quincy,
80. 523; Colorado Southern. 40; Metro
politan Street Railway, 1905; Mexican
Central, 1.79o:N Missouri Pacing, 300;
Reading first preferred, $50; St Paul,
1G.0O4: Union Pacific, G,950: United States
Hoop, 6.4ao: American Tobacco, S,'6o;
Brooklyn Rapid Transit 26,425; Sugar,
$50; Peoples Gas, 1866.
MONEY AND NEUTRALITY-SUSPICIOUS. on
call firm at 46lJ per cent: last loan at 4
Der cent; prime mercantile paper. aa3la
per cent. Sterling exchange irregular,
with actual business in bankers bills at
"a .Sa.s for demand and al S4-S2A for sin
Nv days:S posted rates. 81. S3la and 50 81 !;
commercial bills. Si.S1A@4.Sla4 Silver
certificates 6Oh@61A; bar silver, a9s4
Mexican dollars, 47&. Government bonds
weak: State bonds strong; railroad bonds