The Savannah morning news., 1901-03-09
STOCKS AND BONDS.
The Closing of the General Market
Active and Easy.

New York. March S.-There was a very
animated speculation in few of the most
prominent industrials in the market to-
day and some large operations in one or
two railroad stocks. The days activities
were much congested in the quarters in
Dictated. Trading In the general list was.
in fact, small and rather unimportant
and the movement Of prices was sluggish.
The number of issues dealt in, however,
continues very large, owing TO the con-
slant disposition to seek out dormant
places in the list for an adjustment of
values TO the changed level in the active
!iss. The purely speculative movement la
the mercurial industrials was the leading
cnaracJerlsuc OF Jo-days market. Sugar
and Amalgamated Copper were most
prominent in the dealings. There were
some evidence of speculative contest
between the friends of the two stocks.
very large dealings which were for Bos-
ton account Sugar sold, ex-dividend Off
ia per cent, and was not long in recover
ing that amount, Later It was lifted over
points on very large dealings, with ac-
companying rumors of an adjustment Of
trade rivalries. differences drawn from
the large increase shown by the state
ment of the company made in Massachu-
setts in the amounts of the investments
in other companies helped the advance.
Amalgamated Copper rose at one time 29s
on account of the adjournment of tbs
Montana Legislature, which was taken as
averting the probability of hostile meas
ures, but i'm the late dealings the stock
slumped under food of offeri & 4is points
to below sS, closing with net loss of "a.
The market was weak all around at the
opening on continuation OF yesterday
realizing movement. Union Pacific, es-
pecially, was carried down lss. The large
buying OF special stocks checked the
downward tendency aud caused general
recoveries. Among the notable gains
made by individual stocks were Burlins-
ton, 2l9; st. Louis and San Francisco,
"a; St, Louis and San Francisco second
preferred, Sh; Chicago aud Eastern IL
linois, "a; Rio Grande and Western pre-
ferred, 29s; Chesapeake and Ohio, =; Press
ed Steel Car, 81 New York Air Brake, 7;
Consolidated Gas, 4; Brooklyn Union Gas
S1a and the local traction stocks, except
Manhattan, from 2Is to 3k
An active realizing movement in the ar
ternoon carried all of these down from the
best the reaction in some cases ranging
from / to over points. The market
had commenced to rally when the an
nouncement of the increase in the South
ern Railway dividend induced profit-tak-
ing in those stocks, and the violent break
in AmalgamAted Copper, coming in addi-
ton. made the closing active and easy.
The steel stocks were neglected.
The money market remained rather
easy, although the indications are for a
weak bank statement Tomorrow. The
sub-treasury has taken 81, 232000 from the
market, while the movement on balance
to the interior is small
The railroad bond market continues
quite active and the movement of prices
was irregular Total sales, $4,170,0J0 Unit
ed States 5s advanced a on the last call.
The total sales of stocks were 904 100,
including Atchison, 34,30O: Atchison pre-
ferred q, 500; Chesapeake and Ohio, $1,000;
Baltimore and Ohio, 1900 Burlington, H.,
1907 Rock Island, 5000; Hooking Valley,
$500; Louisville and Nashville. 1890;
Manhattan, 27G00; Metropolitan Street
Railway $4,000; Missouri. Kansas and
Texas preferred 1890; Norfolk aud West
ern 10000; Northern Pacific. 5000; Penn
sylvanla, ll,4OO; Reading first preferred,
5000; St. Louis and San Francisco 1850;
st. Louis and San Francisco second pre-
ferred, $500; st. Louis and Southwestern
preferred. 1890; St Paul. 100: Southern
Pacific, 1900; Southern Railway. II 100;
southern Railway preferred, $500; Union
Pacific, $1,000; Wabash preferred $40;
American Tobacco 209O0; Brooklyn. Al :
400; Amalgamated Copper ~, 400; PEOPLES
Gas. 1900; Sugar, 131, 200 Tennessee Coal.
1900