The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-17
any show Of strength in the later deal.

any show of strength in the later deal
ings.
There was some show of. support in
Federal Steel early in the day, and after
on opening decline of IA 1t was rallied a
point. but the selling of the stock was
persistent and urgent on account of dis
appointment by spectators that no ac-
ton was taken at yesterdays meeting 10
insure quarterly dividends for the COM
ing near, in which there had been great
faitM There We're occasional rallies In
the stock, and ii was lifed vigorously at
the last two points above the lowest, but
manipulation was palpable in tie rally.
At the low level this stock was IA below
last night and the preferred was OFF 81
Next 10 this Tin Plate was most acutely
affected In spite of yesterdays S per cent.
dividend declaration, and fell an extreme
points. colorado Fuel was down Is,
American Hoop 8, Tennessee Coal "a and
others of the group from l to ~.
The conditions in the railroad list were
exceedingly irregular during the early
dealings, but there were sufficient points
of strength TO overcome the few opening
declines caused by sympathy with the
London market and with the weakness of
the steel stocks. There was manifest
disposition to realize also in the coalers
and sagging tendency at other points.
St. Paul was vigorously taken in hand in
the midst of this uncertainty and marked
up nearly points, precipitating a large
volume of forced buying from the bears.
The market generally responded in SYM
pathy, but with a quick relapse Of 2
points in st. Paul began to run off again.
Then Burlington took up the movement on
the decision of the directors TO increase
the stock 10 per cent to be issued at par
to stockholders The resulting rise in
the stock reached As, but the doubt en-
gendered by the demonstrated manipula-
ton of st. Paul detracted from the effect
on the general market, and prices did not
get back to the top. The advances had
reached 224 in Northern Pacific, 3 in Della
ware & Hudson, 29s in Rock Island and 2
points in st. Louis and San Francisco
second preferred. Manhattan and Sugar
also rose about points,
When the futility of these measures to
hold the railroad list became evident, the
speculative liquidation increased to very
heavy volume. The coalers the Pacifcs
the local fractions Peep es Gas and Su-
gar were thrown on the market in tor
rent of large blocks. The general level
of prices was forced considerably below
last night, only few small net gains re-
manning. The reaction reached points
in st. Paul, AS in Manhattan and from 2
to points In the other prominent stocks
indicated. The closing was unsettled ami
irregular. but there was no evidence of
any demand from other than short inter-
ests.
The announcement of gold exports to-
day for to-morrow's steamer did not seem
to affect sentiment, as the ear strength
in the market developed after the ship
ments were known. The accumulation OF
money at this centre Continues on so
large a scale that the interest rate tend
ed lower to-day in spite of the gold ex-
ports, and the softness of the exchange
market showed that the absorption of ex-
change bills sod against the god exports
was not easy.
The bond market was moderately active
and eased off in sympathy with stocks
Total sa.es par value 50, 100000. United
states old As declined e per cent. and 5s
registered Il per cent. on the last call
To-days sales of stocks were 1,246 900
shares, including the following:
Atchison, 9,4OO; do, preferred, 4,401;
Baltimore and Ohio 10 100; Chicago Great
Western, 1890; Burlington, 74,615; Rock
Island, 1880; Erie, $500; do, first pfd.
p, 900; Louisville and Nashville, 800;
Manhattan, 68,60O; Metropolitan $500;
Missouri Pacific, 10 7OO Missouri, Kansa as
& Texas, pfd. 1900; New York Central,
$500; Norfolk & Western, $500: Northern
Pacific, $1,000; Northern Pacific. pfd., 600;
Ontario and Western, 1890; Pennsylva-
mia, 9,4OO; Reading, 27OO0; do, first pre-
ferred, 1880; do. second pfd. $500; st.
Louis & San Francisco 13,OOO do, sec
ond pfd., 500; st. Louis & Southwestern,
800; do, pfd., 1920; ST. Paul. $500;
Southern Pacific, 1870; Southern Rail-
way $500; Union Pacific, $4,000; Wheel
ing, $500; Copper, 10000; Smelters, 10, 800;
Steel and Wire 14,4OO; Tin Plate 1850;
Tobacco, $500; Brooklyn, $1,000; Colorado
Fuel and Iron. 1900; Continental Tobacco,
$4,000; Federal Steel, 141 700; do, pfd.,
SSOO; Peoples Gas 41,O00; Sugar 36,7OO.
New York Stock List.