The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-03-29
STOCKS AND BONDS.
The Market Continues Irregular
with the Tendency Upward.

New York March 2S.--The stock market
continued highly professional today and
distinctly two-sided. The outside specu-
lative public is still on the side of the
bulls, and that element of speculation con-
tinued to have the speculation we'll in con-
troll. Any new point of strength which
they developed was pretty we'll assured
OF a response from the following of small
er spectators who keep the current mar
ket going.
The selling to take profits continued
very large and was so managed as to do
little damage to prices, but there was a
bear element among the traders, and they
made occasional demonstra tons in the
market when the burden of the realizing
seemed in a way to overcome the ad-
vance. The bear element, however, at
tracted little outside following and their
operations were not conducted with great
confidence.
The most prominent position in the
trading was still held by Northern Pa
cihc and Burlington and the constantly
recurring strength of these stocks made
an effective support for the whole mar
ket. In the same degree their many re-
actions on prof1t-taking affected the spec
ulative tone. Burlington opened under
pressure, and after having advanced to a
record price of 171A. closed with a net
gain of only u. Northern Pacific also
made new high record price at 95Ik, and
closed with a gain of IL. There were re-
newed reports to-day of plan to retire
Northern Pacific preferred and reports
still persisted of an agreement for con-
solidation of Northern Pacific and Bur-
lington.
The course of the steel stocks upon the
entry of the United States Steel Corpora
ton stocks (when issued) into the unlist-
ed department of the exchange was a
strengthening influence. Although there
Was large selling to realize in these stocks,
ample support was Forthcoming, and the
common was run up some two points over
yesterdays price on the curb, and the
preferred rather more than that. The
stocks of the constituent companies were
strong in sympathy the common and pre-
ferred stocks all rising 2 to 2%.
Discussion of the money market outlook
continues, in view of the coming quarterly
settlements, and the uninterrupted drain
by the sub-treasury Sterling exchange
also recovered to-day, renewing the ap-
prehension of gold exports.
Business in bonds continues large and
new points of strength develop from time
to time. Total sales, par value, $5,605, 900.
united states OLD as, registered, advanced
III per cent. on the last cali
Total sales of stocks to-day we're / 44,-
400 shares, including Atchison, 1900;
Atchison preferred 1920; Canadian
Southern, 1OSOO Chicago, Burlington and
Quincy, SO, 1905; Chicago, Rock Island and
Pacific, 21,600; Delaware and Hudson, 49,
100; Erie 10i 6O0 Erie first preferred 49,
800; Louisville and Nashville, 100; Man
haitian, 22,20O Mexican Central, 144OO;
Missouri Pacific, 1850; New York Cen
trail, 10 100; Northern Pacific, 126,1OO;
Northern Pacific preferred, 22,5OO Ontario
and Western, 1920 Pennsylvania, 10000;
Reading, 1850; Reading first preferred,
i, 700; Reading second preferred, 1850;
ST. Paul. 277OO: Southern Railway, 1880;
Southern Railway preferred, 500; Union
Pacific, $500; Wabash preferred, 1880;
Wheeling and Lake Erie. 1890; Wheel
ing and Lake Erie second preferred, H.
300; Amalgamated Copper. 1880; Smelling
and Refining 1900; Steel Hoop, $500;
Steel and Wire. 500; Brooklyn Transit.
10 800; Colorado Fuel and Iron, 1880; Fed
eral Steel, 1900; Federal Steel preferred,
{, 300; Sugar 1920; United States Leather,
sc, 200; United States Leather preferred,
il, 500; United States Rubber preferred,
8, 900; Western Union. 81 400; United States
Steel, 1890; United States Steel preferred,
1AQ 200