The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-02-12
STOCKS AND BONDS.
The Market Sluggish and the Days
Range in Prices Narrow.

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The Market Sluggish and the Days
Range i'm Prices Narrow.
New York. Feb. 11.-There was a very
notable decline in the volume of dealings
in the stock market to-day and the most
active stocks were those under pressure,
with the exception of Union Pacific,
which was bought with persistency on
rising scale.
The market was again characterized by
the wide movement in very large num-
Der of unimportant stocks which are sell
dom prominent in the dealings and which
sometimes do not appear in the record
of transactions for weeks at a time. In
this class some of those recently brought
forward into prominence continued ac-
tive at further advances, while others
met proft-taking and again turned back
Among those newly active were Des-
Moines and Fort Dodge, which rose 31S;
Pere Marquette, "a; Wisconsin Central,
l12; Wisconsin Central preferred, ga;
Mexican National, q, and Missouri and
Ohio, 1ss. Chicago and Eastern Illinois
was conspicuous for a violent rise of 6h.
the preferred stock rising 4 and rallying
Evansville and Terre Haute "a after a
decline of point. Stocks in this class
were only prominent however, relatively
speaking, by contrast with their usual
obscurity
The movement in the general list was
extremely confused all day, and the
greater part of the days business in the
standard railroad stocks was done below
Saturdays level. London sent lower
prices for the internatlonals to start with
and there was some very heavy selling of
Atchison and at one time also of Union
Pacific. A strong rally in the last stock
and an advance in Atchison to 81 brought
the market generally to the best of the
day. Union Pacific was lifted points
over Saturday and the preferred 1sk.
Pennsylvania was the only other active
trading stock among the standard rail-
roads that rose as much as a point over
saturday, and in fact no railroad stock of
Importance fell as much as a point below
saturday at any time, thus indicating the
general sluggishness of the market.
The specialties did better, Sugar rising
at one time points and Peoples Gas 25s.
the latter on the good financial showing
made in the annual report Pacific Mail
rose 21a and international Paper 90.
Western Union was advanced 15s on deal
fngs attributed to a pool
The steel stocks shared in the sluggish
ness of the general market and only the
preferred stocks of any of the companies
sold as much as point above Saturday
They were as a rule. however. firmly held.
Speculation, having accepted the report
ed merger as a fact, now waits on an
authoritative announcement of the fnan-
cial terms of the deal for a further tudg-
ment of the benefits The speculative en-
thusiasm over the advantages of the pro-
posed deal has come to be somewhat tenn
pered with the conviction that the steel
trade would be much worse off falling the
deal than 1t has been. A rather disagree
able impression to spectators OH the
steel deal was created by to-days slump
in the smelling stocks. Offering an ex-
ample of the possibility of obstacles to
great consolidation plans, even when far
advanced toward completion, and of the
demoralizing effect on prices of hitch in
the plan. Smelling common fell an ex-
IRENE 5& under very heavy offerings and
the preferred 4. The rallies were fitful
and feverish, the common stock closing
with net loss of A.
The money market condition disclosed
by Saturdays bank statement and a de-
pressing influence, which was aggravated
by the sub-treasury's large subtraction
from the market on account of Saturdays
Central Pacific payment to start the
week with The hardening of the London
great centers, including New York, in
favor of London. The failure of the i'm
perlal bank of Germany to reduce the dis
count rate was obviously due to the fear
that London would draw gold. and the
Berlin advices to the Associated Press
reporting that London exchange there is
in demand on American account indicates
that gold may go from New York again
on the triangular operation.
10 l.1t, arIr 4
there were some important reactions on
profit-taking. The total sales par value
s5,750,000 United States threes and new
fours advanced a per cent on the last call
Total sales to-day 10l2, 700, including At
Gibson 1850; Atchison preferred, 20600:
Baltimore and Ohio 610O; Chicago, Bur
lington and Quincy. $500; Chicago, Indian
apolis and Louisville. 10000; Chicago and
East Illinois, $500; Chicago, Rock Island
and Pacific, 100; Colorado Southern, 49,
300; Colorado Southern first preferred
100: Erie, 1O10O; Erie first preferred, $500;
Louisville and Nashville, 5000; Mexican
Central, 29.500; Manhattan, 7.100; Missouri
Pacific, $500; Missouri. Kansas and Texas
7460; Missouri. Kansas and Texas pre-
ferred, $500; Norfolk and Western, 800;
Northern Pacific 1850; Ontario and
Western, 12GOO; Pennsylvania, 10 500;
Reading. 5,4O0; Reading first preferred
J,oVU' 81 LOUIS ana san francisco, 13 100.
St. Louis Southwestern. $500; ST. Louis
Southwestern, preferred, $780, st. Paul.
$500; Southern Pacific, 20,S0O Southern
Railway. 1890: Southern Railway pre-
ferred, 800; Texas and Pacific. 15 200:
Union Pacific, $500; Union Pacific pre-
ferred. 1890; Wabash. 10,SOO: Wabash
preferred, Il. 800; Wheeling and Lake Erie
1000; Wheeling and Lake Erie second
preferred, 600; Wisconsin Central. 400;
Amalgamated Copper, $3.50; American
Smelling and Refining 95.10O; American
Smelling and Refining preferred, 20 100;
American Steel and Wire, 3i10O: American
Steel and Wire preferred 1900; Ameri-
can Tin Plate, 1890; American Tobacco,
5000; Brooklyn Rapid Transit, 500; Fed
eral Steel, 1880; Federal Steel preferred.
800; International Paper, 1000; National
Steel G,l0O; Peoples Gas, 1850; Sugar
60SOO United States Leather, q 800;
Western Union 2s,SOO
New York Stock List
Atchison ........ 80 Wabash ....... 1881
do pref ...... 50 do pref. ...... 23b
Bait. e Ohio . alA- MhanL & L. M Il.