The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-24

came conSpicuouSly into the movement
later in the day, and achieved an ex-
treme advance of 2sk on very heavy
dealings, closing at the highest. Other
stocks reacted somewhat from the top
influenced partly by a break of Az in
Chicago and Northwestern preferred.
St. PauIs extreme rise was points,
Union Pacific 2% and Southern Pacific
a point. Among the stocks to come
forward late in the day We're members
of the soft coal group and the South
westerns with gains of l to 11a. Sugar
was also quite notably strong, rising
Ia, and International Power advanced
2h.
The early weakness of the market
was quite generally overcome by the
late advance. AmaIgamated Copper,
which fell points in the morning,
closed with a net loss of only 11s.
There were some very large selling or
ders in the stock, and ii was affected
by the weakness of raw copper in Lon
don. The local fractions and Peoples
Gas were also prominent in the early
depression. Glucose fell 2Is and the
preferred under raids by the bears,
and Hooking Coal was forced down IL
with subsequent recovery. There was
some continuance in the early dealings
of yesterdays strength in the Wander
~
cago and Northwestern g. and the pre-
ferred SA but the movement was not
continued after the reaction in the mar
ket, There was no specific news TO ac-
count for the action of the market, but
it was undoubtedly based upon the as
sumption that the negotiations now in
progress will result in the settlement
of the Northern Pacific controversy,
with benefit to the whole trans-con-
tinental railroad situation. The neg
lect and tagging tendency of Great
Northern preferred and Northern Pa
cific preferred did not seem to disturb
this conviction. Neither did the APP
parent contradiction found in the in
sistenee on the retirement of Northern
Pacific preferred and the broad init
nation from President Hill that Great
Northern is to be consulted in the mat
ter of control of the Burlington system
as well as Northern Pacific.
These insistencies are regarded as
the vantage ground to be shrewdly
held while the process of bargaining is
still going on, as 1t undoubtedly is.
Burlington was quoted in the closing
at 190119S. The continued movement
of currency to the South and the pros
pect of a $40 10000 payment to be made
this week on account of the Pocahontas
Coal consolidation Gid not seem TO dis
turb speculative sentiment. AS be-
tween s1,O0O,000 and 100000 of this
payment is to be made to foreign own
ers, an additional factor is disclosed in
the recent firmness of the exchange
market. That market was somewhat
easier to-day notwithstanding the ad
vance in London discount on account
of the loss of more than $4,000. 900 addi-
tional in gold to the continent.
The bond market was quite active
and broad. and prices as a rule adj
vanced. Total sales, par value, A67O,
000 United States refunding rs de-
clined Il, and the old As Il on the last
call.
The total sales of stocks to-day were
792.400 shares, including Atchison, 3d.,
200; do preferred, $500; Chicago Great
Western, 81, 400; c.. c.. C. & St. Louis,
1900; Erie 16,4OO; Manhattan, 500;
Missouri Pacific. 10000; New York Cen
trail, 25.700: Norfolk and Western, S.
500; Pennsylvania, $4,000; St. Paul. 146,-
100 Southern Pacific, $4,000; Southern
Railway, $500; Union Pacific, 200 400;
Amnlgamated Copper, 42,l00; Brooklyn
Rapid Transit $500; Peoples Gas, g.
500: Sugar. 9.10o: United States Steel,
$500; do preferred, 10000.
New York stock aud Bond List.