The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-28
STOCKS AND BONDS.
The Closing Irregular With Profit
Taking N Feature.


New York, March 27.--The movement of
to-day's stock market was confusing and
irregular to the last degree. The dealings
were highly professional and there SEEM
ed to be a contest waging between bull
following and bear following, each side
commanding the services of some of the
oldest and most skilful professional oper-
ators in the street.
While such was the current belief
among room traders and the outside spec
ulative contingent, whether the bulls
were all really bulls or the bears really
desired to see lower prices it would be
very difficult to say. This gave rise to
the suspicion that some large operators
long of stocks were using well known
bear brokers to sell out and realize pro-
fits, in order to give the impression that
the selling was for short account. The
market opened with the influence of last
nights upward movement still manifest,
but the selling to take profits caused
decline to set in almost Immediately
which forced prices generally below last
nights level. In Burlington and Northern
Pacific the profit-taking was especially
heavy, owing to the meager details which
accompanied the allegations that an
agreement had been reached for the alb
sorption of Burlington by the Hill-Mor-
gan interests in the Northwest
The announcement of an export of gold
to France also had a depressing influence.
The announcement gave ground for the
usual wrangle among exchange experts
as to whether the movement was a spe-
cial one or a regular exchange operation.
The general feeling is that it is the pre-
Jude to regular outward movement of
gold. Bankers professed' to have no fear
that such movement will affect the
money market unfaVorably. The feeling
OF depression was practically overcome
during the first hour, and during the
rest of the day there was a succession of
advances of different stocks, each devel
opment of new strength causing but a
slight response in the general market.
and being invariably succeeded by re-
alizing movement which carried prices
back all the way from fraction to 2
points.
Practically each hour during the day
had its pulsation of this sort. Burlng-
ton and Northern Pacific were conspicu-
GUS in the recovery, and both made new
record prices. The extreme rise in North
ern Pacific was points, and in Burlng-
ton 212. The belief that the coal miners
strike will be averted affected the coal
ers, and the Morgan stocks generally
the Fries, the Readings and the Southern
Railway stocks all moved strongly up
wards. The movement in Burlington af-
fected the other Changers by sympathy.
Missouri Pacific rose to a new high level
on the very favorable statement of Jan
uary net earnings and the Southwesterns
were generally strong on the belief in
the approaching merger. Among the spe-
cialties Sugar General Electric, Colora-
do Fuel and Rubber stocks were conspic-
uous, Rubber preferred, rising ~. Only
a few stocks closed at the top, and the
proft-taking which was feature through
out was going on at the close which was
irregular.
The bond market was strong and con-
tinued active. Total sales, par value S.
035,0O0. United States IS advanced a and
old as registered Is per cent on the last
call
The total sales of stocks to-day were
1,467, 200 shares, including Atchison, 81. 100:
do preferred, 1910; Chesapeake and Ohio,
400; Chicago Great Western, 5000; Chi
cago, Burlington and Quincy, 145 800; Chi
cago, Indianapolis and Louisville, 7.4OO;
Rock Island, $1,000; Colorado Southern. T.
600; Delaware and Hudson, 10 900: Dem
yer, 600; do preferred, $500; Erie $780,
600; do first preferred, 81, 800; Louisville
and Nashville, 10000; Manhattan. 10 100;
Metropolitan Street Railway, 400; Mex
ican Central, 1190O; Missouri Pacific, 49,
800; Missouri, Kansas and Texas, II, 100;
do preferred, 600; Northern Pacific 1885,
700; do preferred, 1850; Ontario, 40, 900;
Pennsylvania, 1880; Reading 42,1OO; do
first preferred, 10 400; do second preferred.
T70O; st. Louis and San Francisco. s.
800; st. Paul, 1900; Southern Pacific, 3d.
800; Southern Railway, $4,000; do prefer
red, 1880; Texas Pacific, 1890; Union Pa
cific, 6l10O; Wabash preferred, &c 900;
Amalgamated Copper. 1890; American
Tobacco, 1900; Brooklyn, 2l 700; Colorado
Fuel and Iron, 1900; Sugar, A, 800; Tonnes
see Coal, 1900; Rubber, II 900.
Nauy XorL Gfooi,