The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-08-23
STOCKS AND BONDS.
The Market shows Few Changes,
but Firm Undertene.


but Firm Undertene.
New York, Aug. 22.-Dealing in stocks
still further decreased to-day, but in
spite of the extreme dullness of the
market the undertone of firmness which
has recently characterized it persisted.
There were more points of positive
strength, in to-day's market than in
yesterdays, but the general list showed
perhaps slightly less sympathy than
was the case yesterday.
The stocks in which the net changes
are noticeable are very few. Baltimore
and Ohio was conspicuously strong all
day, raising an extreme points, and
the bituminous coal carriers generally
were firm in sympathy. Rumors per-
sist in Wall street of a pending con-
solidation of all the leading soft coal
interests. There was also a late squirt
in Missouri Pacific, which carried the
stock PA over last night. Rumors CT
beneficial agreement between Penn
sylyania and Missouri Pacific concern
ing the, Wabash were responsible for
the movement. Both stocks were af-
fected also by nervous short account.
There was a vigorous advance in Anal
gamated Copper in the last hour, which
night and carrying Anaconda with it
~ on talk of further extensive con-
solicitations of copper interests.
The anthracite carriers continued to
show strength seemingly on the gen.
eral conditions in the trade, and the
fact disclosed by. the Erie's annual re-
port that the stock of Lehigh Valley
had been distributed among the other
anthracite interests, The gains extend
a IN oh, Dala
and Hudson and 1@1% in others of
the group. In all other prominent
stocks movements were restricted to
fractions. The firmness of the United
States Steel stocks were maintained on
| very light volume of dealings.
%. The firmness of the market was in
| face of some rather. notable selling for
long account, due to the, unsettled feel
ing on foreign bourses induced by the
| Franco-Turkish imbroglio and disap-
| pointment over the maintenance of the
Bank of England rate.t. The decision
, of the bank authorities, on this point
| in face,sof the very strong position re-
| vealed by the weekly statement and
| the continued downward course of the
open market rates for money, showed
that the future contingencies in the
money market, when the crop move
ment in the United States comes to be
financed, are SUN QT6dueu- Inc eiIGCI
was manifest upon sterling rates in
Berlin and Paris and also here, the
fractional advance in New York occur
ring in face. of seaboard wheat clear
ances of $4,000 bushels. or about three
times as much as yesterday The re-
ported movement of cash from Chicago
to Western grain receiving points found
it's response to-day in a drop in New
York exchange at Chicago to 40 cents
discount, compared with 80 cents yes
terday while New, York banks deposit
ed $500, 900 at the sub treasury for
transfer to Chicago, Meantime, the
surplus of the government revenues
continues to make large gains over last
years requirements. No effect was
manifest in the local money market,
call loans continued to rule easy at 214
per cent. or lower.
Some of the speculative and converti-
BILE railroad bonds were again active to-
day. Bonds generally were firm To-
tai sales, par value, $1,955,000 United
States bonds all unchanged on the last
call s ~
The sales of stocks to-day were 37s,-
900 shares, including Atchison, 1900;
Baltimore and Ohio, 14.900 Colorado
Southern. 5000; Erie. $4,000; Erie first
preferred, 1880: Great Northern pre-
ferred. $500; Mexican National, $500;
Missouri Pacific. 1900; Norfolk and
Western, 10000; Ontario and Western,
G. 900; st. Paul, 1920; Reading. 1900;
Reading first preferred. -6,100; Southern
Pacific, q 300; Southern Railway. 49,
500; Union Pacific, 25,300 .Amalgamat-
ed Copper. 22,90O; United States Steel,
23,30O; United States Steel preferred,
$4,000. ~ ~ q 'esf -.e. p
Neys York stock and bond List. .r