The Savannah morning news., 1901-07-19
STOCKS AND BONDS.
The Closing Feverish and Irreg-
ulnr and Below the Best.

The Closing Feverish and Irreg-
ular and Below the Best.
New York. July 1S,-Speculative judg-
ment on to-dayis stock market was UNI
settled and inconclusive under the infiu-
ence of the erratic gyrations of Union
Pacific. st. Paul, and, to a lesser extent
other railroads Immediately affected by
ed late yesterday. The influence of
that announcement was dominant at
the opening of Nthe stock market to-day,
as was shown by the congested buying
of stocks of the railroads affected, and
of the steel stocks.
The simultaneous purchase Of Union
Pacific at the opening were of 10000
shares at 103N to 1914. compared with,
1929 for last night, and of St Paul s.
Geo shares at 1651s- to 1856, compared with
1888 last night. United States Steel
was also dealt in to the extent of 5000,
shares, varying an prices from 401a to
Az, compared with 4Oas last night The
price of this stock at the opening was
the highest of the day. and 1t was UNI
der steady pressure through the muta-
tions of the market, getting down nearly
a point under last night. and closing at
a fractional nee loss. The whole market
felt the effect, almost Immediately on
enormous realizing sales, and the sue
cessive declines. suggested the conjec-
ture that inside interests, who bought
stocks yesterday. were selling out to take
profits. 1.-The belief prevailed In the
board that the large capitalists who sup
ported the market on Monday and Tues
day by buying practically all offerings of
the leading stocks were tightening their
oh Oh -
the Northern Pacific announcement to
reduce their holdings
The rather palpable manipulation of the
market and the circulation of vague init
nations that further disclosures were
coming Of additional arrangements un-
der the NortheTn Pacific settlement,
added to this impression. Rather frank
admissions were, Forthcoming that the
announcement Of the Northern Pacific
settlement, was timed with view of
quieting apprehensions and checking the
uneasiness in the stock market. against
the earlier decision of those interested
to withhold the announcement until a
later time. This gave color to the belief
that the policy thus adopted to rally the
stock market had in view as well the
moral effect upon the steel strike situa-
ton of an advance in the steel stocks.
These considerations served to take the
edge off the effect of the announc cement
of the Northern Pacific settlement.
There was a period after midday when
the general level of prices was well be-
low last night, even Union Pacific and
st. Paul showing losses. The weakness in
Atchison. Rock Island, the Coalers and
some of the Southern lines was quite
pronounced. 1t was late in the day when
Union Pacific began its final upward
movement. The demand for the stock was
apparently Unsuitable, blocks Of 1000 to
1900 shares succeeding each other in
quick succession. Every effort was APP
parent to bid up the price
of the stock. 1t touched 100 before
the close and St., Paul was lifted to 1884
and Southern Pacific to ST. The market
rallied in sympathy, but did not gener-
ally get back to- the best Chicago and
Northwestern rose s and General Eec-
trio s1s. The buoyant rise in Union Pa
cific revived the belief In further devel-
opments In the community of interest plan
in the West.
The closing was .feverish and irregular.
below the best The railroad bond
market was inactive and continued
slightly irregular In spite of a late i'm
provement. Total sales, par value, ST.
$40 900. United States bonds were all
unchanged on the last call
Total sales Of stocks to-day were 1O27.-
100 shares, including Atchison, 50. 100; do
preferred. 12,200; Chesapeake and Ohio.
500; Chicago and Great Western, 500;
Chicago, Rock Island and Pacific, 1900;
Erie. 80 500: do first perferred 6,100; Illl-
nois CENTRAL 1000; louisville and Nash
Vile, $500; Manhattan. 1920; Metropoli-
tan, 600; Missouri Pacific, q, So0 New
York Central, 1880; Ontario and West
'ern, 5000: Pennsylvania. 1890; Reading.
1850: st. Paul, l2i $50; Southern
Pacific. $4,000; Southern Railway,
1890; Wabash preferred, 500;
Amalgamated Copper. 21.eoo Brooklyn.
li,400; Peoples Gas. 10000; Sugar. 22.3O0;
United States Steel 79,40o United States
Steel preferred 3l.150.
New York stock and Rond I,isf