The Savannah morning news., 1901-04-02
STOCKS AND BONDS.
Under Leadership of the SteeIers
Sales Soar.

sales of stocks on the exchange within
measurable distance of the largest deal
ings on record for a single day. The
largest single days transactions were
those on Jan. of this year when the
aggregate sales reached 2.127, SOB shares.
The total for to-day was 1858 800 shares
which has only been exceeded by the re-
cord day.
The large part played by the United
States Steel stocks even IN such broad
and active market as that of to-day is IN
dicated by the sales of the common ana
the preferred, those of United States Steel
amounting to 266, 100 and those of United
States Steel preferred 1853 800 shares, or for
both $4,000 shares. which was % per cent.
OF the total dealings. II is very evident
that the activity of the United States
Steel Corporation stocks on the exchange
with their bulky capitalization of 11,O00.-
600 shares according 10 to-days amended
certificate of incorporation. is to consti-
tute new era in the volume of dealings
for individual stocks Single commission
houses to-day did a sufficient business in
these stocks alone to realize handsome
fortune simply from the brokerage COM
missions on their operations. One house
was credited with selling upwards of 1O0,-
600 shares of United States Steel prefer
red and various other houses between
other stocks.
The resources required for the support
of stock in which the dealings are on
such scale, that is to say, the confident
purchase of all stocks that may be offer
ed at current quotations. stagger the im-
agination But the days event proved that
the powerful syndicate back of these
curities was equal to the task. 1t is cur
rent belief that the market management
of the stocks is under the care of the most
conspicuous and widely professional ope--
ator in the street The offerings which
were hurled on the market fairly stag
gered the prices for a period, but they
were rallied and moved upward through
the avalanche, the common rising 2h and
closing at the top, while the preferred rose
an extreme IA and closed within Il of the
top.
The course of these stocks had a large
influence on the ultimate movement OF the
whole stock market. There were points of
great strength here and. there in the ear
ly dealings, but the profit-takiug sales
were on an enormous scale and the move
ment of prices highly irregular and con-
f1cting until past the noon hour. Many of
the opening advances were abont wiped
out before the final outburst which car
ried prices to the highest of the day.
A final realizing movement carried
the most active stocks down again
from / to points and made the closing
very irregular. Republic Steel preferred
rose an extreme 6a4, Sloss Sheffield prefer
red AZ and Tennessee Coal AS. None of
these advances were fully maintained.
Money market conditions were entirely
ignored in the eager specula tive spirit.
Although government interest disburse-
ments are expected to yield over $780,
900 to the money market tomorrow the
absorption of cash by the sub-treasury on
routine operations continues very large.
Sterling exchange advanced a fraction to
the gold export point to-day on the large
demand from stock houses, who are buy
ing American stocks abroad. After the
stock market had closed $780, 900 gold
shipment to Europe for tomorrow Was an
nounced and more is expected to go dur
ing the week. The tone of the money
market was distinctly harder. but not the
slightest effect was produced on the
speculation.
The bond market was not so active re-
latlvely as the stock market, but business
was large and the movement of prices ir-
regular. Total sales par value $6035,000
United States 3's and new As gained u
per cent. on the last call
The total sales of stocks to-day were
800 shares, including: Atchison, S. 100;
Atchison preferred, $1,000; Chesapeake and
Ohio, 5000: Chicago, Burlington and
Quincy, $500; Rock Island, 12e,3OO; Colo
RADIO Southern. 5000; Delaware and Hud-
son. 5000; Delaware, Lackawan and
Western, $500; Erie 49, lO0 Erie first pre-
ferred $1,000; Hooking Coal, 1900; Illinois
Central, 10,200; Lake Erie and Western,
$500; Louisville and Nashville, II 900; Man
haitian, $500; Metropolitan Street Rail
way, 1850; Mexican Central $780, Mis-
souri, Pacific, 10,s00 Missouri Kansas and
Texas, 6,100; New York Central, II 200;
Northern Pacific, 1920; Northern Pacific
preferred, {. 900; Ontario and Western, Il, 800;
Pennsylvania, 10000; Reading, 80, 800; Read
ing first preferred, $500; Reading second
preferred, 5000; st. Louis and San Fran.
cisco, 5000; St. Louis and San Francisco
second preferred, 5000; ST. Paul 1O1 100;
Southern Pacific, 81, 800; Southern Railway,
II 100; Southern Railway preferred, 1000.
Texas Pacific. 1880; Union Pacific, 12O, 100:
Union Pacific preferred. $500; Wabash
preferred, 1890; Amalgamated Copper, TO-
600; American Smelling. LOO; American
Steel and Wire, $500; American Tobacco,
20. 800; Brooklyn, 25,6O0 Colorado Fuel, |
p, 100; Continental Tobacco, 500; Federal
Steel, $500; International Paper, 500; In
ternational Paper preferred s1Oo; |
Pressed Steel Car, 600; Sugar |
%, 800; Tennessee Coal, q, 600; United |
States Leather. 800; Western Union. |
81 400; n. l. and Steel, IS. 900; r. l. |
and Steel preferred, 10000; United States
Steel 2es, 100; United States Steel preferred |
l6S.So0.
New York Stock List.