The Savannah morning news., 1901-04-19
STOCKS AND BONDS.
Movement of Prices Irregular, but
the Trend Upard.

| the GpaFus
New York, April 1s.-The promise Of a
| good bank statement on Saturday aud
the further relaxation in the money mar
ket which resulted. were the main mo-
tives In the renewed speculative buying
of stocks to-day The movement of prices
was irregular and prof1t-taking was on
a very heavy scale. The reawakening of
| speculation was not achieved without ag-
| eressive leadership by the professional
element VINO called to their assistance all
| the arts of manipulation to move prices
upward so as to afford the requisite at
traction to the outside speculative world.
While they were developing new points
Of strength they or their professional
brethren were actively selling to take
profits in the recently exploited stocks
The influence was still manifest of
failure to announce the terms OF the
Burlington deal and also of the sugges-
ton coming from st. Paul that President
J. j. Hill had sold out his holdings OF
Erie stocks at a speculative profit and
that no great trans-continental system
was projected. The IGrie stocks, Burling-
ton. Northern Pacific and the Changers
generally were affected by these consid-
eratlons early in the day. The active pro-
fit-taking in Amslgamated Copper and In
Sugar were also influences on the side
Of the depression Sugar was temporarily
strong because of the advance In the price
of the refined product after the market
had closed last night. but sagged away
in o characteristic manner on the good
news later In the day. Its depression was
emphasized by the heavy import duty i'm
posed upon refined sugar in the British
budget. Amalgamated Copper on the 9TH
er hand scored practically a complete re-
covery of its loss in the late trading.
The most effective leaders Of the mar
ket were Atchison and Union Pacific. The
dealings in both were on very heavy
scale, and a professional campaign for a
rise was clearly being conducted in both.
The gossip, to account for the rise. was
that Atchison was to be placed on a
per cent. dividend basis, and that Penn
sylvania interests were to be represented
In the directory as a result of the alleged
requirement OF a large interest by Penn
Sylvania In the company. In Union Pa
cinc IL was said that the Southern Pa
cifc collateral bonds were 10 be redeem
ed. thus releasing the Central Pacific
stock and that Union Pacific was to CO.
operate with Northwestern in the forms-
ton OF trans-continental system TO off
set the Burlington deal. Atchison had an
extreme advance OF III as a result, and
Union Pacific was lifted pa There were
other advances among the Southwestern
and Southern Railroads which were large
~ sympathetic.
The New York public utilities had their
period OF strength AZ did q number OF 9TH
err speciaities notably Colorado Fuel,
Tennessee Coal New York Airbrake. Pc
cihc Coast and United states Express,
the latter on the election as directors or
officials OF other express companies The
gains In this lot OF stocks ran from
about 3 to 10 points. The relaxation In
the money market had the greater effect,
Stree there was no responsive hardening
OF the sterling exchange rates
Dealings Ia bonds continued large, ana
tbs market irregular Total Gales par
value H.ib0,0oo United states new "a ad-
yGnced = per cent. on the last call
Total fales OF stocks to-day we're as.
lOi shares. including Atchison g0.o00. 30
preferred 1850. Canada southern 10 zoo.
chicago Burlington ana Quincy Al00.
Chicago. Rock IslsDd snd PAclnc l2 90.
Erie 1Boi 90 nrEt preferred 1000. Louis.
yiile sno Nashville 1910, Manhattan a..
~. Metropolitan NO. Misnoun Pacific
Nf0, MiHsoun. Kansas ana Texas a..
90 90 preferred fpo Noffhsrn Pacific
$3.50. Aoflbsin facite pfcfeffed elN,