The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-14
STOCKS AND BONDS.
Trading Heavy, Amounting TO Near
Nv a Million shares.

New York, June 13.-There was a nota-
BILE increase in the speculation in stocks
to-day the days business running up to
rear a million shares. Speculative inter
est was still spotty, but the strength of
the principal active stocks was so decided
as to affect the whole list by sympathy
with a few unimportant exceptions. There
were points in the list, nevertheless which
were held back by palpable realizing. The
realizing was well taken and inflicted no
losses on the stocks.
Pennsylvania was notable example in
this category, and the Southwesterns did
not share to the full in the buoyancy of
the other Western railroads. Very large
amounts of Pennsylvania stock have been
marketed this week and in the loan crowd
the stock commands premium. The SELL
ing is to a large extent against the buy
ing of rights to subscribe for a new
stock issue.
Notwithstanding the official disclaimers
of the reported purchase of the Pennsyl-
vania Steel Company by the railroad COM
pany, Wall street opinion regards that as
an accomplished fact. The con-
tinued strength to-day of Colorado
Fuel and the buying of that
stock by some brokers usually employed
by the Gould interests aroused a conjec-
tCre that the control of the Colorado
company was being sought by the Could
Hartman interests with the same pur-
pose in view as that ascrihed to the Penn
sylvania, namely, to insure the cheap
production of it's steel rail supply.
The advance in Colorado Fuel reached
81 carrying 1t above yesterdays high
price. Other independent steel companies
were strong, notably Tennessee Coal
which rose SA on the acquisition of the
Alabama Steel and Wire Company. The
United States Steel stocks were heavy,
the selling being attributed to uneasiness
over the development of opposition COM
panies.
The Gould-Harriman brokers were ac-
tive in various stocks, notably Union Pa
c!fic. The buying of this stock was on an
enormous scale and was closely followed
by St Paul throughout all it's fluctuations
The street was in the dark as to the
cause of the movement and attributed 1t
vaguely to further working out of the
Northwestern railroad relations and to
favorable crop news. A well defined rum
or gained currency toward the close that
some heavy original holdings of st. Paul
represented in the directory for many
years have been sold and that the stock
will appear in the collateral for the I'm
Union Pacific rose an extreme sk and
st. Paul as. Missouri Pacific and some
of its affiliated stocks continued to show
the influence of expected action on con-
solidation. The rise in Baltimore and
Ohio of 81 was on the judicial decision in
favor of the rights of the common stock
holders to all profits after the preferred
dividend. The preferred stock broke two
points from the same cause. Cleveland,
c..
vanced 2ss on the reported acquisition of
the Cincinnati Northern. Minneapolis and
st. Louis, after further decline of
point owing to disappointment over yes
terday's unchanged dividend, rallied
strongly points.
The rise of 81 in North American was
accompanied by rumors of additional en-
terprises by the company Western I'm
ion gained 2h on the strength Of its large
dividend return Quite long list of rail-
road and Industrial stocks advanced from
/ to points. The buoyant outburst In I'm
ion Pacific made the closing firm, al
though there had been constant reactions
on profit-taking.
Several convertible bond issues were
strong and active in response to the
movement of their stocks. The market
generally was moderately active and
quite firm Total sales par value S5,740-
900.
United States bonds were all unchanged
on the last call.
Total sales of stocks to-day were 968 800
including: 'Atchison 1850; do preferred,
500; Baltimore and Ohio, IA, 400; Erie 90
800; Louisville and Nashville, 1900; Man
haitian, 42400; Metropolitan, 1850; Mis-
souri, Pacific, 1890; Pennsylvania, 81, 300;
st. Paul 2I,400; Southern Pacific, $1,000;
Southern Railway. 1880; Southern Rail-
way, preferred, $780, Texas Pacific, 100;
Union Pacific 161, 500 Amalgamated Cop
per. 10000; American Car Foundry, 25 800;
Smelling. 5000; Brooklyn Transit, II, 200;
Colorado Fuel. 800; Sugar. %. 100; Ten
nessee Coal, 26100; United States Leather,
$500; United States Steel preferred, 800;
Western Union 27,sO0