The Savannah morning news., 1901-03-19
STOCKS AND BONDS.
Market Duoyant With the Days sales
1855 800 shares,

I,000.0OO Shares.
New York. March 1S.-The course of
events in last weeks stock market led
up to to-day's excitement on the Stock
Exchange. The powerful professional
spectators who had been manipulating
prices for an advance for long time saw
the promise of their reward in the grow
ing outside interest in the market. The
relief afforded by Saturdays bank state
ment gave pretty good assurance OF an
increased demand for stocks this morn
ing. The public appetite was whetted by
several announcements, which either
came very OPPORTUNITY for the purpose
or were set afioat with a view to their eff
feet.
One of the greatest difficulties which
the professional bulls have had to con-
tend with was the dragging tendency OF
the steel stocks. under the apprehension
that when the new United States Steel
Corporation stocks are introduced on the
Stock Exchange they may prove weak
and have an unsetthng Influence on the
general mai ket. The report THAI the Rock
efeller iron interests in the Lake Superior
region were to be included in the steel
merger therefore proved very opportune
for the bulls, and awakened the steel
stocks from their dormant state into
strength and activity.
There was a continuance of the excited
speculation in Burlington on the publ
cation of circumstantial assertions that
President ]. ]. Hill of the Great North.
ern had secured control of the Burling.
ton. Burlington insiders were inclined u
deprecate these assertions, giving coloi
to the belief that competitive buying for
rOl ErninU IN, oil
fidently stated that New York central
had secured control OF Manhattan and
would guarantee dividend of per cent.
The statement received an emphatic de-
NAL from the president Of the New York
Central. 1t will be seen that these in
auences form the frame work Of the days
very animated and buoyant market.
General Electric advanced on the out
growth of the supposition that new con-
troll OF Manhattan would hasten its cleo
trical equipment The rise in the other
grangers was palpably in sympathy with
Burlington. St. Paul alone hanging back
Missouri Pacific seemed to be marked up
in an endeavor TO revive the strength of
the Southwesterns, but the maneuver
proved without effect. A number of spe-
Cialties moved independently, including
Sugar, Tobacco, Consolidated Gas, Peo-
PIES Gas and American Snuff preferred.
The New York. Chicago and 81. Louis
stocks, Pacific Coast second preferred.
Lake Erie and Western preferred and
Louisville and Nashville were all conspic-
uously strong.
The weakness of the coalers was due to
fears of a miners strike. The gain I'm the
principal steel stocks extended from 2 TO
5 points and they held better than any
others. There were sales of trusts GER
tificates for the stocks deposited in as
sent 10 the plan of merger, and the prices
OF these In some cases varied over a point
both above and below those Of the stocks
There was no explanation of this dis
crepancy. There was some evidence of
short interest in the steel stocks and
the progress OF the transfer for stocks
in the new corporation makes the pres
ent stocks scarce for delivery. North
western preferred jumped Z. The taking
Of speculative profits caused wide reac-
lions at times, but the undertone con-
tinued strong al the close, although last
prices of many stocks were notably be-
low the best.
The railroad bond market continued ac-
tive. but was reactonary in spots on pro-
fit-taking Total sales par value Sc, 335, 900.
United States refund;ng rs advanced X on
the last call.
Total sales stocks 1855, 800 shares. in
GLIDING Atchison 1880; do preferred 5000;
Canada Southern 500; Cincinnati and
Ohio 1900; Chicago Great Western TO-
700; Chicago Burlington and Quincy 1ll.
90; Chicago. Indianapolis and Louisville
10000; Chicago, Rock Island ana Pacific
100; Colorado Southern 1900; Delaware
and Hudson 1900; Erie 100, 100; do first
preferred 32,l00; Illinois Central $500;
Louisville and Nashville A,200: Manhat-
tan 1880 Metropolitan Street Railway
9.6Q0; Mexican Central 800: Minneapolis
and st. Louis 500; Missouri Pacific %. 800;
Missouri, Kansas and Texas 1900; do pre-
ferred 1880; New York Central 8, 70O;Nor-
folk and Western 500; Northern Pacific
81, 100; do preferred $500; Ontario and
Western 1910; Pennsylvania 14,7O0; Read
ing 12,S00 do first preferred 1900; do sex
ond preferred l3bOO St. Louis and San
Francisco 1910; St. Louis Southwestern
$500 do preferred 800: ST. Paul sl,lJ,
southern Pacific $3.50; Southern Railway
T.40O: do preferred 5000; Texas Pacific 22,-
900; Union Pacific $780, Wabash 800; do
preferred 500; National Tube 500: Anal
gamated Copper 1880; American Hoop
1900; American Steel and Wire 300; DO
preferred $500; American Tin Plate 5000;
American Tobacco 1000; Brooklyn Rapid
Transit $500. Continental Tobacco 49, 100;
Federal Steel G.SO0; do preferred 1920:
National Steel $500; Peoples Gas 1850.
Sugar 5000: Tennessee Coal and Iron
100