The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-02-10
STOCKS AND BONDS.
The Market Fairly Firm in Face of
: Liberal PrORt-TakinG.

New York, Feb. 9.-~To-day's stock mar
ket was free from sensational movements,
but was fairly active 1t was evident
that realizing was going on on a liberal
scale, especially in the high grade rail-
road stocks, under cover of the upward
movement in some of the very low priced
stocks 10 both the railroad and industrial
lists, W " Es
Among the candidates for favor in this
department were Standard Rope, Leather.
Mexican National and some other stocks
of a similar grade which showed contin-
uance of yesterdays strength. Advances
in Sugar, Tobbaco end General Electric
also helped to sustain the market. Atch-
ison was firm all day and in the last five
minutes was suddenly run up to 561z, at
the same time that Union Pacific pre-
ferred was sold down sharply 10 81. Chi
Gago and Eastern Illinois was pushed up
81, but reacted "a Louisville and Mis-
souri, Pacific were rather firm.
The steel stocks moved rather narrow
by and were irregular. Spectators in
those stocks seemed disposed to await
the expected authorized announcement of
the reported plan for adjustment of con-
troll in the steel trade before making fur
Their commitments.
The bank statement brought some fur
Their selling upon the market, but vigor-
Gus support was forthcoming, and no fur
Their serious inroads were made upon
prices. The further large impairments of
reserves disclosed by the bank statement
ard the proba bilty that the steel deal is
yet to be provided for undoubtedly some
what chilled, peculative enthusiasm. But
the bears We're manifestly timid about at
lacking the market, in view of the i'm
portant possibilities of further great finan-
ciaI projects This weeks increase of
$2S, 4Sl, 200 in the outst anding loans and dis
counts Of the banks brings the total loan
expansion for the last four weeks up to
SS7, 257 0O0, which is far in excess of any
previous increase In the same length of
time in the history of the clearing house
The soothing assurances given out by
some of the principals In the pending
steel negotiations of the certainty that
this vast project can be carried out with
out a ripple in the money market, do not
carry universal conviction, in face OF
these figures of the results of the less i'm
portant railroad deals which have been
carried through. The tendency of the
money market which is thus indicated,
lessons the probability that American sub
ScrlptlOnS 10 the. new BflIlSn lOdn VIII ne
large To-day's sub-treasury statement
reflects the receipt by the government OF
a check for nearly 100000 in payment
of a note of the Central Pacific Railroad
to the government. 1t is probable also
that the demand for money in the interior
will show some strength from this time
on, with the opening of spring trade.
The railroad bond market has been very
active and prices have advanced more
steadily than those OF stocks. Low grade
speculative or semi-speculative bonds
have been in largest demand. United
States refunding 2s declined - and the 80
advanced "a per cent over the call price
of a week age.
Total sales of stocks to-day 5Ss, 800
shares, including Atkinson, 30 600 Atchi-
son preferred, 1000; Chicago, Burlington
apd Quincy, 1000; Colorado Southern, o.
500; Colorado Southern first preferred,
5000; Erie, 10 500; Erie first preferred, H.
500; Louisville and Nashville, 9,1OO; Mis-
souri, Pacific, $500; Pennsylvania, 69o0i
Reading first preferred, $500; st. Paul,
1000; Southern Pacific. 14,4O0; Southern
Railway, 300; Texas Pacific, $500; Union
Pacific, 41,5o0 Wabash, 14.7OO Wabash
preferred. 224OO; Amalgamated Copper,
500; Smelling and Refining, 5000; Steel