The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-02-15
STOCKS AND BONDS.
The Market Shows Gains, With the
Dealings CurtaiIed.

New York, Feb. 14.-There was a mark
ed relaxation to-day of the pressure 10
sell stocks which carried prices downward
yesterday, and prices showed some re-
covery. The recovery did not set in
until the market had been further tested
by the bears, causing general losses. be-
low yesterdays level. In consequence
the net changes of the day are as a rule
small but mostly gains. London ad-
vanced prices before the opening here. but
turned seller after perceiving the drift of
sentiment in New York and sold a few
thousand shares ON balance.
There was no manifest cause for the
recovery, although a few usually obscure
stocks showed aggressive strength. but
the fact was very evident that the urgent
pressure of speculative liquidation was re-
Taxed. The bears who sold yesterday COW
cred the contracts in consequence. This
probably accounted in great part for the
show of tirmness in the markets. The
bears have received too many severe les
sons in the last few months not to have
become rather timid, especially in the face
of the possibilities constantly limited at
of further important financial develop
ments.
Uniform weakness yesterday in the
stocks generally included in the interests
of the prominent financier, who has borne
the most important part in the recent
consultations was followed to-day by gem
eral support of these stocks, including
Federal Steel the Fries, the Readings,
Northern Pacific and National Tube. The
sharp recovery in the steel stocks served
as an admonition to those who have
counted upon a break in the group. With
the steel merger hanging over the market
there was hesitation and more or less
apathy in the trading. There was no
sign of resumption of the heavy buying
by banking interests, which has so often
been in evidence previous to the recent
concentrations. A number of minor stocks
rose a considerable amount on persistent
rumors of constellation
General Electric was conspicuous for an
extreme advance of 10 points over last
night with reaction of 3D. The local
traction stocks, Sugar and Tobacco were
consplcuously strong at times. and North
American was forced up points. Atchi-
son was lifted above 81. None of these
gains were fully held, and the tone of the
market was rather heavy at the close
and the volume of dealings very mate
rally curtailed. A number of newly list
ed securities were dealt in for the first
time, and each advanced over the opening
prices. Indications continue for "a harder
money market. Sterling exchange was
lower in spite of the continued active de-
mand for money in London.
There was less business in railroad
bonds and prices continued to move irreg-
ularly. Total sales, par value. $4,04500O
United States new As and 5s advanced 4
per cent. each on the last call.
Total sales of stocks to-day were $4,000
shares, including Atchison, 70 100; do pre-
ferred, 1850; Chicago, Burlington and
quincy, II ,100 Chicago, Rock Island and
Pacific, 10000; Colorado Southern, 800;
Erie, 1880; do first preferred, 1900;
Louisville and Nashville, $500; Manhat-
tan, 10000; Metropolitan, 5000; Missouri
Pacific, 800; Missouri. Kansas and Texas
preferred, II, 200; Norfolk and Western, TO-.
100; Northern Pacific, 205O0; Ontario and
Western, II. 800; Pennsylvania, 5000; Read
ing, 1900; do first preferred, II, 800; Read
ing second preferred, 10,S00; st. Louis and
San Francisco, % 100; do second preferred
l4,70O; St. Paul. $3.50; Southern Pacific.
"a, 400; Southern Railway, 500; Southern
Railway preferred. 10400; Texas and Pa
cific, 5000; Union Pacific, $1,000; do prefer
red 5000; Amaigamated Copper, $500;
Smelling, 5000; do preferred, 100; Steel
and Wire, 49, 100; Tin Plate, $500; American
Tobacco, 1880; Anaconda Mining, 1900;
Brooklyn Rapid Transit, 26,SO0; Continen-
tai Tobacco, 1900; Federal Steel, % 700;
Federal Steel preferred, 5000; General
Electric, $500; International Paper, 1000;
North American, 1890; Peoples Gas, s.
1907 Sugar, $4,000.