The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-05-25

points and for Continental Tobacco Az
The final strength of the market was
due to this movement and to the late
accumulation of strength In other stocks
which had shown signs of firmness and
strength earlier in the day. The weak
points were also pulled up, so that the
losses, which were at one time very gem
erai were either wiped out or greatly re-
duced all around. The Fries, the Wa
bash, Missouri Pacific and Atchison, were
good points OF resistance all day.
The story persisted that efforts were
making to secure a. trunk line outlet for
the Gould Southwestern railroads and
Wabash. that the great trunk line pro-
pr'etors had protested against this pro-
ject, and that II had been threatened that
Atchison would be absorbed by the Penn
sylvania in retaliation. This story and
its variations will be found closely re-
lated to whatever strength was shown in
the days market. The movement of I'm
ion Pacific was a notable influence on the
whole market, its break to IS being the
principal factor in the early weakness of
the market and its recovery at the close
largely relieYing the depression,
The forecast of a strong bank state
ment, promising a recuperation in cash by
the banks Of nearly 100000, was re-
vivifying influence, although there has
been no lack of money to loan. The fact
that no further gold was engaged for ex-
port was also a strengthening factor, not
only for its immediate bearing upon the
situation; but In it's larger significance as
indicating a relaxation in the whole for
egn money situation. Yesterdays large
purchase Of newly arrived god IN the open
market in London by the Bank OF Eng
land, was the signal that the pressure
for gold at continental centers had relax
cd nd ts, FOR
the Russian loan had been satisfied aud
that London was free to recuperate It's
money market and prepare for some large
future needs. This Is a notable relief TO
the whole financial world and is inciden-
tally a striking testimony to the strong
position OF the Bank OF France, which has
been able TO provide for the Russian loan
with much lighter recourse than was
expected to the foreign credits of the
Paris money market. The cessation of
the urgent demand for Northern Pacific
also relieved apprehension. The result
was an active and firm close in the stock
market after O day OF feeble and desul-
tory fluctuations.
The bond market was irregular and only
moderately active. Total sales, par value,
A,790,0O0. United States new As advanced
Y per cent. on the last call.
The total sales of stocks to-day were
7sS,l0O shares, including Atchison, S2,400;
do preferred, 1l.70O; Baltimore and Ohio,
$500; Chesapeake and Ohio, 500; Chica-
go, Burlington and Quincy, trust receipts.
500; Erie, 10000 Manhattan. 5000; Met
ropolitan Street Railway, $500; Missouri
Pacific, l1,l00; Ontario and Western, e,200;
Reading. 300; do preferred, second, 6.loo;
Southern Pacific, 10000; Southern Railway,
sl0o Texas Pacific. 100; Union Pacific,
H,700; Wabash, $500; do preferred, 1880;
.Amalgamsted Copper, $500; American To-
baceo, 12e,s00; Anaconda, 1i,5Oo Brooklyn,
1900; Continental Tobacco. $500; do pre-
ferred, 5000; Peoples Gas, lO.400; Sugar,
6.lo0; United States Steel, $500; do pre-
ferred. 1900.
New York stock and Hnnd List