The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-07
STOCKS AND BONDS.

New York, April 6-Speculation in the
industrials and the railroad stocks show
ed a distinct dividing line to-day. Both
departments were extremely irregular,
but generally speaking the industrials
were strong and the railroads were
heavy.
The sagging tendency of the railroads
seemed to be due for the most part to
selling to take profits. The volume of the
buying demand was very much demolish-
ed and the realizing was conducted there
for under that much disadvantage.
The selling was not in great volume,
but when it did attain to any proportions
the downward course of prices was quite
fast. There were some points of strength
III the railroad list, but the few advances
were not well maintained and were not
effective in sustaining the rest of the
market. Pennsylvania was lifted at one
time over a point and other stocks to
show strength were Baltimore and Ohio
preferred, Missouri Pacific, Burlington,
Canada Southern and, after. an early pc
Rod of weakness, Southern Pacific The
last named stock sold off sharply in the
morning on rumors of dissensions among
the directors which were circulated by the
bears and subsequently, denied. This was
about the only railroad stock to reflect
any positive aggression, the bears showing
a very cautious disposition but the 9TH
er Pacific stocks were sold more heavily
than the average to take profits London
was a free seller with considerable in
t1uence upon sentiment, and the news of
trouble in British West Africa and the
new mishap to the British troops in the
Free State prompted some selling at first
hand by the local traders.
The industrials and specialties made
notable show of strength, each apparent
ly under the influence of some individual
cases. \Sugar was bid up against the
shorts with the suggestion that recent
operations might have resulted in trans
fer of c ntrol. Peoples Gas moved up on
persistent reports of the absorption of the
ogden Gas Company. The Rubber stocks
were strong on the dividend declarations,
and the earnings statement. Leather and
Tobacco moved up under manipulation.
The New York public utilities moved up
ward under a demand from short ad
vance. The advance in each case was ir-
regular, and was not fully maintained.
MINNEAPOLIS, St. Paul and Saut Ste Ma
RE stocks rose sharply without any eX-
planation Preliminary estimates of the
weeks cash changes indicate a favorable
bank statement tomorrow. Sub-treasury
operations alone have yielded 1851, 000 to
the market
The currency movement with the inte-
rior by express has been considerably
smaller, both ways than last week, but
the net gain for New York is about half
a million dollars. \ further loan eXpan-
sion is expected on account of stock mar
ket activity, but it will probably be partly
offset by the further liquidation of loans
for holding government bonds which have
continued to come on the market Ster-
ling exchange rose sharply to-day under
the influence OF London selling of stocks,
frmer money in London and easier money
here. The rate is now within measurable
distance of the gold export point and if
the same conditions continue for any
length of time gold will likely go out in
the immediate future.
There was decrease in activity in the
bond market and prices yielded at some
points. Some issues were well taken at
advance prices. Total sales par value 81
7S3 OO0.
United States refunding 2s when issued,
declined w. and the IS registered adj
vanced 4 in the bid price.
Total sales stock to-day were 696, 800
shares. including Atchison, 20,620; Atchi-
son preferred, Pitts; Baltimore and Ohio,
SO25: Canada Southern, SC5S Chesapeake
and Ohio. 97l0; Chicago, Burlington and
Quincy, 500; Chicago, Rock Island and
Pacific. 1886; Louisville and Nashville
$780, Manhattan, $40; Mexican Central,
500; Missouri Pacific. 1850; New York
Central 6025 Norfolk and Western, g.
43O; Northern Pacific, 1925; PENNSYLVANIA.
"a, 513; Reading first preferred, 6,S72; St.
Paul s. 425; Southern Pacific, $3.50; South
ern Railway $500; Union Pacific, 1850;
American Tobacco. 54,360; Brooklyn Rapid
Transit, Al. 500; Continental Tobacco, 713O;
Federal Steel, CATS; Peoples Gas, IS 2S5;
Sugar 106, 555: United States Leather, A.
$50
New York Stock List.