The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-15
STOCKS AND BONDS.

New York, May 1.-THE price movement
in the stock market was extremely irreg-
ular and uncertain all day. Inc last
prices. of the majority OF stocks were
higher than at Saturdays crosse put ,he
hest prices of the day were nowhere malh-
talned and wide inroads were made IN
some of the industrials and speciaitles.
The professional traders were inclined 90
take very bearish view, and came down
TO the street this morning prepared 10
sell the whole list. They were not de-
TERED by the evidences of strength IN
the London market, which were que 20
the progress of Gen. Roberts campaign,
and TO the easier money conditions.
While selling the list, the traders made
fierce raids upon the specialues sugar,
Metropolitan Peoples Gas and Brooklyn
Rapid Transit were all subjected 20 Of
tack and yielded from 1 to over 3 points.
The hears found however, that the heavy
offerings to liquidate which was feature
of last weeks market were not forthcom-
ing. and they also found themselves IN IA
numerous company, anxious 90 secure
stocks to cover short contracts. BY BID
dim. against each other this company ef-
fected a material rally in prices. They
then paused In some discouragement ana
confusion Some rather positive evidences
Of strength at different points added 10
their difficuities There was large buying
OF Burlington all day at an extreme adj
vance of over points on renewed runots
that a plan had been perfected to refund
the consol bonds of 1903. The movement
helped the whole Granger group. the
efforts 70 bid up Missouri Pacific were re-
summed with some success, and the PacincS
generally showed good recoveries.
The borrowing demand In the stock loan
department of the Stock Exchange indi-
Gated that the short interest had become
somewhat unwieldy, and the market over
sold The demand to cover from that ele-
ment Is the cause for the most part OF
the days show of strength. New York
Central advanced a point. but the South
ern group of trunk lines, which have been
Influenced by the Pennsylvania company's
extensive operations for control, were
generally heavy. Baltimore and Ohio sold
down at one time to TN. IL Is argued
that since the stock is allowed to decline,
the syndicate which underworld the new
Issue of stock at &c. has probably realized
on its holdings. In the late dealings,
while the market was hanging In an I'M
steady condition at the high level. the steel
industrials suddenly gave way all around,
Federal steel and American Steel and
Wire losing points, and Tennessee Coal
and Iron about 2A. Other members or
the group showed smaller declines. The
general list gave way under the influence
of this break and the closing was active
and weak with the gains largely reduced.
Fears are felt that the easier money
conditions abroad are only temporary,
and disposition is manifest to curtail
speculation until they become more set
tied.
There was considerable activity In the
bond market, but the tone was irregular
Total sales, par value 81 10000
United States 3s registered and new as
declined 4 in the bid price.
The total sales of stocks were 5A, 100
shares, including Atchson preferred, 15.-
$50: Baltimore and Ohio 2i.61; Burlington
ana Quincy 23.ss5; Louisville and Nash
Vile. $500: Metropolitan, 1f,165; Pennsyl-
vania, 20,448; Southern Pacific, 1880
American Steel and Wire. 1850; Ameri-
can Tobacco, 27,285; Brooklyn RaplH
Transit. 10. 955; Federal Steel 1880; Sugar,
7s $40; Peoples Cas- 20,7s0'
New York Stock List.
Atchison :. H& T. & Pa. -. 1Gss