The Savannah morning news., 1901-11-12
STOCKS AND BONDS.

: e. New York. Nov 11.-There was an
other day of broad and active spec
ulatiops in stocks tosday and large
and well distributed demand for bonds,
outside of the extraordinary dealings
in some of the convertible and specu-
lative bonds. 1t is. notable in this
regard that while the dealings for the
last week in stocks were still below
the last business for the corresponding
period of last year. the par value of
the bonds dealt in last week exceeded
those of the corresponding period of
last year by over SS,0000 COO
The demand for stocks to-day was
exceedingly varied, as was the move
ment of prices. owing to the fact that
the buying demand shifted to new
quarters and realizing of profits pro-
ceeded actively in last weeks favor
ties, taking advantage of the sustain
ing force of the new favor!tes. The
dealings continued to a large extent to
remain in professional hands, although
there was some accession of specula-
tive interest to-day shown by orders
through commission houses. While
the professionals dominate the mar
ket the news of the day as it influences
stock speculation is likely to be dis
torted in it's perspective to suit the
prevailing sentiment of the specula-
ton.
To- day the Northwestern Railroad
settlement and the Vanderbilt plan of
merger. which furnished the material
of the bulls during the last week s
rise, fell into the background decided
ly. while discussion became very &C
tive on the favorable prospects in the
coal trade, the iron and steel trade
and the extraordinary railroad traffic
of which reports are heard on all
hands. In accordance with this ten
dency, the coal carriers and the iron
and steel industrals made conspicuous
advances to-day, while the profession
ais sold the continental stocks
and the Vanderbilts to take their
profits. After the unprecented OUTLAWS
( of the past year for INCREASE and i'm
provement of rolling stock and equip
ment. the fact that an actual car
famine exists in many parts of the
country is conclusive evidence that the
business Offering TO the railroads is
greater than ever before.
From the coal and iron regions
comes the cry for more cars, many
iron mills being reported shut down
for lack of coke and raw material
Grain receipts are said to be small
because of lack of cars to move them.
This accords with the reports that the
Overwhelming railroad traffic is large
ly made up of general merchandise,
due to the activity in'trade in all lines.
The urgent demands for freight cars
and other forms of. railroad equipment
made the movement to-day in the car
and steel industrials a natural corol-
larry of the. movement in the railroad
stocks. The days conspicuous advan-
cess will be seen to have conferred in
the anthracite and soft coal carriers
and in the car and steel industrials
Sentiment continued confident over
the money outlook. although foreign
exchange continued strong and adj
ditional gold shipments are expected
later in the week. Realizing became
very general in the late dealings but
a number of rallies made the closing
irregular.
The bond market was very active
and generally strong. the convert
ible and speculative bonds especially
So Standard Rope 6's rose Az. Total
sales par value S6.625,0O0 United
States refunding 2's declined u and
the old As advanced rs on the last call
The total sales of stocks to-day
were 1,0S5700 shares, including Atchi-
son, $500: Atchison preferred, 80 300:
Baltimore and Ohio. 1920; Chesapeake
lis and Louisville, 1880; Chicago, In
dianpolis and Louisville preferred, IA
600; Chicago Great Western, 22100;
Erie. 1880; Erie first preferred. a.
200; Great Northern preferred, $780,
Louisville and Nashville, 25,700: Man
haitian, 30,S00 Metropolitan Street
Railway, 1890; New York Central,
$500, Norfolk and Western, $500:
Northern Pacific prefrred,. $500; On
taria and Western, 20,100; Pennsylva-
mia, 13.400; Reading, 42.2o0; Reading
first preferred. 1900 Reading second
preferred, 30.400; ST. Paul, Sc, 100; st.
Louis and San Francisco, 200: South
ern Pacific, 73,500; Southern Railway,
33,100; Southern Railway preferred, T.
700; Union Pacific. $4,000; Union Pacific
preferred. 43,500; Amalgamated Copper,
$4,000; Brooklyn, 25,250; Colorado Fuel
and Iron, 5000: Republic Steel, $780,
Sugar, 1880; Tennessee Coal and Iron,
16 500: United States Steel Az 2n0.