The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-11
STOCKS AND BONDS.

New York. March l0.-The trading in
stock was largely confined to-day to op-
era atoms by board rooms operators as has
teen tire case during the whole week But
there was some small hut significant buy
ing from outside s1urc s, especially man
ifest in the taking of fractional lots of
stocks for investment, which proved the
at;ractiV eness of the present level of
prices to those who are not dependent
upon ordinary money market vicissitudes
for holding stocks for the dividend re-
turns which they yield.
The wide distributions Of the dealings
also added to the healthy appearance of
the market. The character of the bank
statement was 50 confidently foreseen thar
its appearance was not awaited for the
Closing up Of professional contracts The
traGers have been on the short side of
the market quite uniformly during the
week. so that The closing up Of contracts
stiffened the ma ket very apprecably.
Peoples Gas and Sugar were notably in
demand before tine bank statement, but
were sold eff again together with the To-
cal ira elton stocks. The obvious unWl-
lingness of prices to yield on the bank
81 atement drove the bears to cover again.
Sugar advanced an extreme Sls and Peo-
'ple's Gas and the whole list rose to the
highest level of the morning with more
show of animation on the dealings than
has been evident for several days. The
bank return was fully weak as was
excected
The strength of the days market must
be attributed to a faith that speculate
comm TIM nts being small, the market is
not very vulnerable to a TEN orary mon
ey squeeze. Beyond a temporary strin-
gencv tho new currency and refunding
law is confidently looked to for speedy
relief There is an undercurrent of senti-
ment also that some Of the recent heavy
BILE and transferable IN case of any urgent
need of credits without doing damage to
present borrowers This would be true of
such portion of the recent loan expansion
as has gone into government bonds with
a view to taking additional note circula-
ton
The railroad bonds have been in good
demand, part of The buying being attrib-
uted to pressure of funds realized from
the selling of government bonds by in
vestment holders to banks.
United States old As and IS advanced 1
per cent; IS, coupon, q, and do registered
Il New As declined q and do registered
and the Is Il in the bid price
The total sales of stocks to-day were
1s1 400 shares, including Missouri Pacific,
$40; st. Paul 7,13s; American Tobacco,
6.970; Brooklyn Rapid Transit, 7,775; Peo-
pies Gas, 10, $50; Sugar II, $3.50.
New York Closing Stocks.
AtGhison 229s Union rae. 49,. 40
do pref. ....... G61s do pref ....... "A
Bart. e. Ohio =. 60 Wabash -. -. 6h
Can. Pacific e. 9i5s do pref. ....... 201s
Can. Southern. 48lR Wheel &c l.. f.. 1914
Ches. & Ohio e. 2S do ID pref. ... 263s
Chi. CT. West. 1874 Wis. Central -. IN
C.. b. & Q. ....R3ss Adams Eek. INA
G., l. & L. ,.... 21a American Elk. LAB
do pref ....... b41s U. s. Elk. ....... IS
Chi. & e. Ill. .. 35]2 Wells Fargo Ex122
Chi & Northw.160 Am. Cot. OIL =. 32A
G., r. l. & =. ..1071s do pref ...... 931a
c. c. c. & ST. I. 1914 Am. Mailing -. 55
Col Southern E. do pref ....... 24i5
do list pref. =. 43 Am. s. & Refg.. 1854
do I'd pref. -. 1914 do pref. ....... 909s
Del 81 Hudson114 Am. Spirits ..... 2
D., L. & w. ..lS0 do pref ....... II
Denver & II. G. 1917 Am. Steel Hoop 1914