The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-08-15
STOCKS AND BONDS.


New York, Aug. 14.-Trading at
times to-day was spirited and COM
mission houses reported an increase
in outside orders. Developments over
night did not shed much light on either
the crop or strike situation, and as
these influences are rapidly losing
their earlier Importance, bull traders
resumed active operations.
With the course of the day there was
revival of interest in some usually
dormant stocks which gave rise to re-
ports of pool manipulation especially
in the United States Leather issues.
Current rumors regarding the dividend
status of st. Paul made that stock the
feature of the day and it's fluctuations
governed the movement of other
stocks closely. Generally speaking,
the properties which were notably
strong yesterday resumed their ad-
vance to-day, but the average rise was
! not so pronounced. The great bulk of
1.-THE days dealings were transacted
during the forenoon when the high
prices of the day were made. London
was again a buyer of the general in
ternational list and shorts covered
contracts in the Changers and Pacif1cs.
A wide opening was looked for in St.
the stock in London, where 1t was 2
points higher. The first sales were 1000
shares at 1921 @162% a gain of IL.
Opening advances otherwise were
mostly fractional, but a strong under
tone prevailed and there was heavy
buying in the active list.
Traders met the rise with stock pur-
chases at lower prices early in the
week and the bears were disposed to
sell the market on account of it's pref
ty general steady Improvement since
! Mondays opening. These offerings re-
duced, and in some instances wiped
| out altogether the initial advances.
| Sugar, which had started off ~ higher
was depressed sharply and the United
| States Steel stocks were rather heavy.
| Prices soon worked upward again,
however, the trunk lines. Changers,
! Pacif1cs and Coalers being taken free
| ly and establishing advances of from
| I to 2 points. st. Paul ran up "a to
| 164M and the preferred gained 81. Aft
| er midday the market worked slowly
| downward, but there were occasional
| rallies which were in a measure due to
| the timidity of the short interest on
| indications of inside support to special
| stocks. The demand for stocks died
| out pretty we'll in the late afternoon
| and the bears made a successful raid
1 against the market, depressing St
! Paul 2 points from the highest and
| putting the active list generally down
! point or over.
The United States Steel stocks which
| had made gains at the outset of only
| "a each, fell into neglect during the
course of the day and were heavy. The
common sold u under yesterdays close
| and the preferred y, but were consist
| entity supported in the late drive and
did not exceed their early low level.
| In the final dealings buying to cover
| caused a general rise, St. Paul getting
back again to 1915. the highest figure
| of the day and the entire market
| closed steady The closing rally
| brought United States Steel common
up to A, it's best price, and the pre-
| ferred rose to 80.
The bond market to-day was gener-
| ally firm, but business continued in
larger volume. Total sales, par value,
| s., OLE, 00O. United States bonds were all
| unchanged on the last call.
Sales of stock to-day were 46l, 600
shares, including Atchison. 27,400; Ca
madam Pacific, $500; Erie, 1880; do
| first preferred, $500; Louisville and
Nashville, 1880; New York Central,
| 10 200; Missouri Pacific, $500; Norfolk
| and Western, 10,200; Pennsylvania,
5000; Reading, $500; st. Paul, 1880;
| Southern Pacific 21,200; Southern Rail-
| way. 10, 400; Union Pacific, Al, 900; Wa
bash preferred, $500; Copper, 1900;
| Consolidated Gas, 100; Peoples Gas,
| Il. 400: Sugar. 1880; United States
Leather, 1880; do preferred, 15,600;
United States Steel 24,100; do preferred
| 1920.