The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-09-05
STOCKS AND BONDS.
The ClosWs Strong With Prices of
Most Issues Higher.

New York, Sept. 4.-To-day's stock
market was an almost exclusively pro-
fessional affair. with evidence of a
participation by the speculative party,
which is rather vaguely characterized
as the Western contingent" by the
traders about the Stock Exchange.
This party has been active at inter-
walls in the stock market ever since the
corn crop prospects became an element
in the speculation. They continued the
sale of stocks this morning, but eally
became impressed with the notable
paucity OF the offerings, which were
brought out under the pressure they
put upon the market and reversed their
position to the buying side. The free
offerings of corn to-day, which were
at sufficiently attractive terms to at
tract some demand for export of that
grain for The first time in a consider
able perio1, my have had an influence
on these covering operations.
The days movement of prices seemed
largely due, however, to maneuvers by
contending professional operators, fol-
lowing yesterdays sharp break which
in itself was apparently a testing OPP
GRAFTON by the capitalists who have
supported the market for some time
past. They seemed satisfied with
their demonstration of the small
amount of stock impending over the
market for dislodgment, and their
brokers were large buyers again TO-
day, especially of United States Steel
stocks, in which they were joined by
the Western contingent" Those
stocks did not move upward until there
had been sharp advances in Colorado
Fuel and Tennessee Coal, based upon
the assumption that their business was
largely Increased as a result of the
enforced idleness of the United States
Steel Corporation works. Chicago
Great Western continued strong on ru-
mors of buying for control in the in
terest of their Western railroad COM
munity CT interest and the recent large
accumulation of Mexican National,
was abated day. The strong tone
permeated the whole market as the
day progressed, and the final hour
showed many of the market leaders
among the grangers, Pacific, South
westerns, coalers and specialties, from
i to 2 points over last nights closing
level.
change markets were practically un-
changed, Call loans again touched 4
per cent, ana the absorption of funds
by the SUBJ treasury continued
amounting since Friday to $2,332, 000
Sterling exchange steadied this MORN
ing as a consequence of working off
the accumulation of exchange bills
over the holiday. The Bank of Eng
land advanced it's selling price both for
bar gold and American eagles, thus
lowering the point to which sterling
bills must fall before gold imports Of
fer profit Exchange weakened afresh
in the afternoon. thus perhaps helping
the rally in stocks.
The railroad bond market was dull
and narrow. Total sales, par value,
81, 4S0,0 900. United States bonds were
unchanged on the last call.
The total sales of stocks to-day were
4S2 800 shares, including Atchison, g.
200; Atchison preferred, 1900; Chicago
Great Western. 1900: Erie, 1920; Erie
first preferred, 500; Louisville and
Nashville $500; Mexican Central, 5000;
Mexican National, 34,s00; Missouri Pa
cifc, $500; Norfolk and Western. 17,100;
Ontario and Western. 100; Pennsyl
vania, 300; Reading, $500; st, Paul
l3, 400: Southern Pacific, 1890; South
ern Railway, $500: Texas and Pacific,
$780, Union Pacific, 44,7O0; Amalga-
mated Copper. 1850; American Lin
seed Oil preferred. 600; Colorado Fuel
and Iron, 10000: Republic Steel; 1900;
Tennessee Coal and Iron, 1880; United
States Steel, 43 900; United States Steel
preferred, $780,
New York stock and Bond List.