The Savannah morning news., 1901-08-16
STOCKS AND BONDS.

largely outnumbered sellers, despite
the dealings and the weeks rise. The
net result of the days dealings show
ed so many important gains that the
conclusion is drawn that the improve
ment is due in no small part to cover
ing by the short interest who have met
earlier. The bull faction did not be-
come very aggressive until near the
close when there was a general bidding
up all around and the top prices of the
day were made. The news of the day
was favorable in every respect includ-
ing continued easy money conditions,
lower sterling rates and some railroad
earnings for the first week in August,
The foreign trade statement for the
month of July and the seven months
showing an excess of exports over inn
ports of $36,l34,071 and 1924, ,625 for
the respective periods drew renewed
attention to the commanding position
United States occupies in the worlds
trade.
The opening of the stock market
gave promise of a rather active spec
ulation, but animation soon died out
and the market relapsed into dullness
which was not relieved until the Wig
orous rise at the close. Interest was
less concentrated in the grain carry
ing roads. the Coalers, Southern, East
ern and high priced specialties all re-
ceiving considerable attention during
the day. st. Paul, nevertheless, covered
about the widest movement of the us
ually active stocks, but still it did not
exceed a 2-point range. The preferred
stock jumped nearly points and Rock
Island gained on few transactions.
The demand for these stocks, together
with that for Atchison and the Pacifics.
was very pronounced late in the day
and the buying for both accounts car
ried them up materially. Anthracite
coal road stocks responded notably to
the improving conditions, especially
Erie, Ontario and Western and Penn
sylvania.
There was a more general demand
for the low-priced railroad stocks and
Chesapeake and Ohio, Chicago, Indian
apolis and Louisville, Norfolk and
Western, Iowa Central and Southern
Railway rose from 1 to 2 points. The
heavy absorption of the latter was at
tributed to buying by controlling in
terests. There was little of interest in
the movement of United States Steel
stocks to-day and after opening A@k
higher, they eased off, but rallied again
at the close and ended II each higher
for the common and preferred Other
metal stocks showed pronounced
strength, gains running from l to "a
in American Smelling, Republic Steel
preferred, Amalgamated Copper and
Tennessee Coal, while Colorado Fuel
was up S1a at one period. Purchases
for foreign account were again on a
large scale and this, in connection with
larger offerings of grain bills in the
sterling exchange market, caused de
cline in demand sterling to $4S7R.
Sugar was reactionary most of the
day and at one time declined point,
but in the final dealings it was rapidly
advanced and ended with a net rise of
2A. The market was more active at
the close than at any other period of
the day and ended strong at the high
est
Railroad bonds were higher, in SYM
pathy with stocks, but were rather
quiet. Total sales, par value, $1,010,000.
United States bonds were all un-
changed on the last call.
Sales of stocks to-day were 467, 900
shares, including Atchison, 20,400; do
preferred, 1900: Iowa Central, 1900;
Louisville and Nashville, $500; Man
haitian. 1900: Ontario and Western,
20 300: Missouri Pacific, $500; Pennsyl-
vania, 10 900: Reading, 10, 100; st. Paul,
81 300: Southern Pacific. $4,000; South
ern Railway, 46. 200; Union Pacific, 3D.
100; Copper, g. 400; Sugar. 10000; Leath-
er, $500; United States Steel, $500; do
preferred. 10,50O.
New York stock and bond List.