| Show WALL STREET HAS AS A HOT 1101 TIME TIM E I Appalling Effect on Speculators B Third Avenue Stock I WILD VarIatIon In Iru Even neu for fU in lorIc New York March O excite meat ment tho early on the stock today The occasion wu was the that the Metro Metropolitan politan Street railroad had obtained control ot of Third Avenue This ils ap appalling palling ne news to many speculators who counting upon an Indefinite decline In Third stock sold short with such a reckless disregard ot of the Bmp toms tome for Cor several days that the floating supply of the stock was being and n a corner being formed J Thu Tho now nov that Metropolitan had a this stock the Improved SlOn to the tho property caused U a wild scramble for Cor the Thial Avenue POt post at al althe atthe the which was wIde Simul Simultaneous saleS were made all the way from 90 to compared with 8 85 at al yes and 66 earlier yester eler yesterday day Metropolitan Street Streel railway sold from Crom to In the first few tew min InIn compo compared red with last night ot of the stocks quickly rim ran off Third reacting seven leven the feverish tone ot the trading prompt prompted ed general profit taking hut all of oC the New York city stocks tock which have been sold lold short by the bears bear on the belief Lelle that th franchIse tax law would bear benr heavily upon Ullon them soon loon reflected the SerIous state ot of mind of oC the Brooklyn transit ruse roe nearly S 8 points and Jumped from 69 to 72 on n a Single sale aule n a very unusual variation even for tor Paulo conditions The rhe other Nl Now York tock Hugar gas gns and tobacco reflect reflected Id the same demoralIzed state or of Inlaid on 00 the part pUl of 01 the shorts short In the loan crowd 2 per er cent premium was bid for the USI or of Third Avenue stock on Ians Third Avenue later touched and Metropolitan the perturbation of oC shorts hurta and the Profit taking L by thos long on the stocks the fluctuations were violent anti and sentiment so 80 much unsettled In Inthe n the general market markel tell fell Into neglect and betsine rather dull The market sas unable to digest the immense se amount of oC brought out outon outon on the rIse rille and prices gave way a ly Iy with variations of oC points be between between tween sales In the transactions from the lop extended to 6 points In Third Avenue and Metropolitan and 6 points In transit There as S conspicuous weakness In the metal group Railroads In some eases react reacted ed below last nights dote bOut were narrow In that department Third Aen Avenue the highest level or of the day In the la last t hour at al OIlier tocks stocks drooped on profit taking sales lales The closing was wa ulet and rather easy casy I below the but best but at substantial net gains throughout were I irregular jular Colorado Mid Midland Midland land Issues were strong MONEY IONEY AND Money toney on call firm at S Ii per ver cent Prime mercantile paper 5 H per cent Sterling exchanGe easier with actual business In bankers blue bills at roe tor demand and at for GO 60 da days posted rates and corn com meraI bills Silver OO Bar lar silver ller to 60 Mexican dollars 47 0 Government bonds weak is refund refunding Ing when Is issued 21 Is reg 35 reg do coupon new 4 rug Ig and couP coupon n do old Is reg do coupon Os a reg and cou coupon pan pon SUGAr strong fair Calr 3 1516 centrIfugal 95 06 test teet 4 mo ma 1 lasses sugar u ar 34 33 bid strong trong crushed powdered 5 ed d TilE Copper firmer brokers broken 16 ex cx change chang 16 ca castIngs 15 Lend Lead dull unchanged |
