The Savannah morning news., 1901-04-17
STOCKS AND BONDS.
Market Rallies After Slight Conces-
siOns at the ODeninE.

4NSW 1Olks april 1p.-luG STOCK
gave evidence to-day that the speculation
still retains an abundant vitality, but
nevertheless the tone was exceedingly
feverish and at times very nervous An
opportunity was given during the morning
to see the unwisdom of the speculative
leaders in having attempted to substitute
lot of low grade industrial stocks for
the high grade railroads as leaders of
the market. The violent relapses from
yesterdays manipulated advances in some
of these stocks caused considerable dis
order in the market during the early
trading
The decided weakness OF the United
States Steel stocks on account of the re-
ported threat of the president of the
Amalgamated Association to precipitate a
strike had an unsettling effect all through
the industrial list. 1t was proved once
again that the industrial stocks are infiu-
enced by such a variety of causes and
conditions that it is hopeless to induce
any uniform movement in all of them. A
number of the high priced industrials con-
tinued TO show strength. notably Sugar
and Amalgamated Copper. The dealings
In the latter stock were on an enormous
scale and the price movement violent and
cratic. After the opening bulge realizing
carried the price u below last night.
Later in the day after the publication
of the proposition for absorption Of Butte
and Boston and Montana, that the stock
was rushed up 41s from the lowest to 1885.
The last price was 1855, net gain Of
only q.
The general market proved rather in
different to the movement Of the special
ties, and there was a general declining
tendency, Rock Island especially falling
81 under last night and large number OF
prominent railroad stocks from ! to 2
points. With the revival Of rumors that
the Burlington plan ofrmerger would GER
tainly be published tomorrow, that stock,
Northern Pacific and. the Fries became
extraordinarily buoyanta again, and there
was a sympathetic recovery in the gem
eral markets The Kansas and Texas
stocks were another center of strength.
In this movement Burlington touched 1875,
recovery from the lowest Of Va. and
Northern Pacifics rose by violent ad-
vances to 1861, an extreme advance of
~. The Erie stocks rose from 2 to
points. The prices of all of these stocks,
except Erie second preferred, made new
high records to-day.
Notwithstanding the sympathetic re-
coveries in the general market, it will be
seen that the days net changes are as
a rule of insignificant dimensions, The
gains by the banks from the sub-treas-
ury, owing to the high level OF pension
payments and the buying of bonds by the
Secretary of the Treasury, afford unques-
toned relief to the money market. The
rise in Chicago exchange to 10 cents pre-
MUM also reflects the turning point in
the interior currency movement in favor
of New York. But the significant fact
In, dov Gffnatinf1 tho
quick response Of the sterling exchange
market to the easier money conditions
here, giving grounds for the conjecture
that any increase in the available sup
ply OF funds in New York will go to
London for the purpose of the coming is
sue Of consols.
The extraordinary financial operations
in progress in New York were again re-
Elected to-day in the clearing house ex-
changes, which reached the astounding
aggregate of $445,24l, 223, compared with
the previous record daily clearing Of $751;
S529SO on one day Of last week. Opera
tons In connections with the United
States Steed syndicate's finances are sup
posed to account for these figures.
The bond market became irregular to-
day on realizing in speculative issues. To-
tai sales, par value, $52OO.00O. United
States refunding 2s declined 70 and new
IS aANduCeu - OI tllc fl"0h SoAi'
The total sales of stocks were l,Sl7. 400.
Including Atchison, $500; Atchison pre-
ferred, 1880; Canadian Southern, 800;
Chicago, Burlington and Quincy. 167,l00;
Rock Island, 2O2O0; Big Four, $500; Col
erado Southern, $500; Colorado Southern
second preferred, 500; Delaware and
Hudson, 800; Erie, 1880; Erie first pre-
ferred, 3O,7O0; Louisville and Nashville,
1900; Manhattan, 1850; Metropolitan
Street Railway 1880; Mexican Central,
100; Missouri Pacific, 1890; Missouri,
Kansas and Texas, 17.l0O; Missouri, Kan
sas and Texas preferred, $500; New York
Central, 1900; Northern Pacific, l0S. 500;
Northern Pacific preferred, 1900; Ontario
and Western. 11,1O0; Pennsylvania, 1920;
Reading, 9.lO0; Reading first preferred. IL
10; Reading second preferred, 1900; St.
Louis and San Francisco. 1000; st. Paul,
Is. 100; Southern Pacific, 1850; Southern
Railway, 1900; Southern Railway prefer
red, 500; Texas and Pacific, 1880; Union
Pacific, $780, Wisconsin Central, 1890;
Amalgamsted Copper, 24,40o; American
Smelling, "A 800; American Smelling pre-
ferred, TOO; American Tobacco, 23.7O0;
Anaconda, 1920; Brooklyn Rapid Tran
sit. $780, Colorado Fuel, 1890; CONT
mental Tobacco. 100; Peoples Gas, 29.i0O;
Pressed Steel Car. 700, Sugar. 1890;
Tennessee Coal, 900; Leather, n.5OD
Leather preferred. 800; Western Union,
1880: United States Steel, $500; United
States Steel preferred, $500.
New York Stock List.