The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-30
STACKS AND BONDS.

p New York, March 29.-The Stock Ex-
change atmosphere was rather oppressive
during to-day's session, and the offerings
to take profits were absorbed with less
facility than on previous days during TINS
week. No better explanation of the re-
dictionary tendency of the market can
be found than the falling off in demand
for stocks.
There was some manipulation for the
decline. which Yves effective among the
industrials, and specialties. and Whlch
brought out q volume of offerings that
looked like the uncovering of stop loss
orders. But in the railroad list there
was no indication OF forced selling.
The profit-taking proceeded apparently
in an orderly manner, and any considera-
bic recession in prices led to decline
in the volume of offerings and
a dull market. Stocks which have
gone up the most during the
week were naturally most arected, nota-
blv the trans-Continental railroads and
the southern trunk lines. There was
some indication of positive weakness in
some of the Changers and the Coalers, the
tendency in the iatter group being due
to the rather Disappointing February
statement of net earnings for the Read
ing Company There were not lacking
also points of strength in the railroad
list.
The most notable upward movement of
the dav was in stocks of railroads in
Central traffic territory, and what might
be called subsidiary Vanderbilt lines.
Cleveland. Cincinnati, Chicago and st.
Louis led the movement, and was
shared i'm bv Chesapeake and Ohio, Pitts
burg, Cincinnati, Chicago and ST.
Louis. Canada Southern and the New
York. Chicago and St. Louis stocks. The
nrofessed ground of this advance was
conference OF railroad officials in this city
looking to the enforcement of agreements
TO maintain rates. The Atchison stocks,
Louisville and Nashville and some other
less conspicuous stocks continued strong.
Aside from the desire 10 take profits, the
halt in the buying demand was due to APP
nrehension over the effect OF the gloomy
official outgivlngs regarding the prospect
for future dividends on the stock Of the
sugar company. A sharp break in that
stock at the opening seemed to have very
little effect on the market, but when its
weakness was seen 20 persist, sympathetic
heaviness developed elsewhere IN the In
dustrIal list and among the local traction
stocks. There was no indication OF stiff
ness In the money market but probably
the relaxed demand for speculative pur-
poses had something to do with this
London continued to trade actively IN
this market. but with much less influence
on sentiment than heretofore
The bond market continued active and
for the most part strong, though there
we're points of weakness in the list.
Total sales par value. s3,S15.OO0 United
States bonds were unchanged I'm bid quo
tatous.
The total sales of stocks to-day were
989, 100 shares. including Atchison. 5000;
DO preferred. 81. $50; Baltimore and OHIO.
IL. 4sS; Canada Southern, 600; Chesapeake
and Ohio. $3.50; Burlington 13.465: Cleve-
land. Cincinnati. Chicago and st. Louis.
q $50: Louisville and Nashville. 1925;
Manhattan, 39125: Metropolitan, ex-diy..
$3.50: Missouri Pacific, 33i50; Northern
Pacific, $3.50, Pennsylvania, 1920; Read