The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-11-07
-----------~--~--s----~n-----
STOCKS AND BONDS.

New York, Nov. 6.--To- days stock
market was dominated by the authori-
tatiVe admissions from various quar-
tiers that the basis had been agreed
upon for the settlement of the North
ern Pacific controversy. although the
reports OF an early official announce
ment were deprecated, as it was said
details remain yet to be arranged.
The arrival from Europe to-day of
w. X. Vanderbilt, who was named by
Mr.. Morgan as the final arbitrator of
any differences upon which the concll-
| iation board of directors might not be
| able to come to an agreement, helped
to incite the large speculative buying
which was notable among all the
trans continental railways. The deal
ings in Union Pacific and st. Paul
were on a scale to recall the days of
the stock market boom in the spring of
this year, and the resulting rise in St.
Paul reached Az and in Union Pacific
Az, The Union Pacific convertible
bonds were absorbed at the same time
on an enormous scale. In Southern
Pacific the rise reached IL. Great
Northern preferred IA, Atchison 2ss
and Northwestern as. Northern Pa
ciflc preferred huctuated narrowly,
thus suggesting that its present price
The Southwesterns and some of the
| Southern stocks afforded another cen
ter of activity and strength, based on
the series of extraordinary favorable
returns of gross earnings for the fourth
| week in October. Southern Railway
stocks were also aided by the vote of
Cincinnati in favor of extending the
| lease of the Cincinnati Southern. In
! these groups there were gains in Nash
/ villa M nttia 81 Q1L
st. Louis and San Francisco 3A, South
ern Railway preferred 2%, Missouri
Pacific 2%, st. Louis Southwestern pre-
! ferred 2, and the Denver and Rio
! Grande stocks, Texas and Pacific.
Louisville and Nashville and Southern
Railway from IL to IL.
The increase in railway earnings for
the fourth week in October over those
| for the corresponding period of last
year for Missouri Pacific reached % per
cent, St. Louis and San Francisco %
per cent, louisville and Nashville Il
per cent. and Missouri, Kansas and
| Texas IL per cent. There We're other
roads with almost equally striking
| gains, but they did not share in the
advance. In fact, outside the stocks
mentioned and a few rather obscure
stocks the movement Of the market
was sluggish and irregular with no
just at the last. A number of special
ties were notably weak early in the
day, including Sugar, Amalgamated
Copper. Peoples Gas, American Ice
and Metropolitan Street Railway, but
except in Sugar and Amalgamated
Copper there were strong recoveries
The additional gold engagements for
export had but a momentary effect on
the market and the monetary situation
fell inf the ha = orrotfr1d 81 al
a factor.
The large dealings In bonds centered
in the Union Pacific and other convert
fble bond issues and speculative bonds.
Total sales par value $6.370.000. United
States bonds were all unchanged on the
last call.
The total sales of stocks were 1925
900 shares, including Atchison $500;
Atchison preferred, 1900; Baltimore
and Ohio, $500; Chesapeake and Ohio.
S,400; Chicago Great Western, 5000:
Denver preferred, 1880; Erie. 81 400;
Erie first preferred. 5000; Louisville
and Nashville, 1900; Manhattan, 3d.
200 Metropolitan Street Railway. 3D.
ZOO Mexican National, -; New York
Central. 640O; Missouri Pacific A. 1000;
Norfolk and Western. $500; Northern
Pacific preferred. $780, Ontario and
Western, $500; Pennsylvania, 10,700;
Reading, $500; Reading second prefer
red, $500; st, Louis and San Francisco,
$500; st. Paul, 154,s00; Southern Pacific,
64,S00; Southern Railway, II, LOG: South
ern Railway preferred, 26,200: Texas
and Pacific, $500: Union Pacific. Gill;
300; Union Pacific preferred, 100;
Amalganated Copper, 25,4o0; Brooklyn,
1920; Peoples Gas, $780, Pressed
Steel Car 1900: Sugar. 10000: United
States Steel, 1920; United States Steel,
10000.
Navx XorLs stool AMI poud Vt.4