The Savannah morning news., 1901-03-20
STOCKS AND BONDS.
Market Continues Active with the
Tendency Upward.

Market Continues Active with the
Tendency Upward.
New York. March 19,-To-day's specu-
lation in stocks continued to show great
animation and additional breadth. The
leaders operated in great confidence, oW-
ing to yesterdays demonstration of the
eagerness of the outside world to partici-
pate. The pools made up of professional
traders, therefore, had little difficulty in
attracting an effective following in any
stock which they chose to operate by ac-
lively bidding up prices as an Indictment
The speculative pools were also very ac-
lively engaged in taking profits all day
sklLlfully choosing the moment while they
were developing new points of strength
to sell stocks in which the advance had
already been achieved either earlier in
the day or on some previous day. This
process caused much irregularity in the
movement of prices all day. In the last
hour, after prices had generally touched
the top level, at about O'clock the pro-
fessional traders turned to the bear side
of the market, owing to the heavy realiz-
ing selling that showed all through the
Hst and offered prices down bodily, TAX
ing the market away from the bulls and
uncovering some stop loss orders where
speculative accounts had been unduly ex-
tended on insufficient security The re-
suit was a tumbling of prices that looked
20 Si',lo ilAe vliioralzatloh on the part
VI .ne ouiis' Inc reaction from pest
- III me MOST prominent OF the strong
~ 1870 rs ran rom l 10 z7s and quite NUM-
-, ,s,.ssIs ~ "IlCli hao not peeh marked
level. There was a momentary rally on
covering by the room shorts but the
rtoai,a It's, va iene"eu ana many
',ta AS 0ioSeu at the 10" points OF ehe re-
,rha s+oo, -...,.-
- s'oohs were Conspicuous ex-
t,,a a,5,,o-aa neiu nilh at each success
a.. 800. an uay ana IN the CLOSING
49, N,I,- Duoy aii'ly III race OF the
g.. ~ 7SHl"s ei9e mere Inc tlne hXed
- tto $3.50 9i. y. enose Stochs IN assent
to-n1orrou, anS ., ,ne 800 merger expires
stoaisn - y" Gnu to-uay DuoSahey IN the
- So ~, use 10 the supposluon that
- m, IN pioliptiy Ne declared oper-
I'll il.g upposiIloh was without ON
e e4'o,,,o 4ni eioIl Inere was an excited
steS,U.i ''ion III tne Onlteo states steel
ss> no oii 'ne CuIp' Inc common sold up
- oEoi iaS' nisnt anu tne preferred ga
~, $500, Ch the exchange tne prefer
80 &c, 'o ot were remarkably buoy
49, , a.. u 'i tril IIsIhs from "a 10 5A'
II a. - -. - - 0ieiieu'
49,, ~ ..ie laiiioau hst burlington continued
Vie oeh.er Oh atlractloh IN spite OF en-
psiatic ue,ildis from president J. j. Hill
"a purchase OF pan 10 purchase con-
.lol' Other hotdDle points OF strength
W. 1aocA Aeianu' LoulsVlhe ana Nash
VIie, MissoulI central Atchlson, Union
anu gnu -Sot lheLn racine baltimore and Ohio,
view lorh CemtraI ana the southern Rail
way seocks. rank OF increased dividends,
I,'L lelnent Oh various preferred stocks and
the relative cheapness OF some stocks on
the pasls Oh thelr DIVIDEND return con-
uhueu 10 De the lhnuentlal factors In the
sPecuiatlon' some STOCKS were weak
THROUGHOUT on proht-taking, notably the
New YORK pubic utilities.
Money continued apparently abundant,
ana lenders were not exacting as to col
lateral Sterhhg exchange also was not
any strong to-day, In spite of large buy
ing OF STOCKS for London account.
The railroad bond market was somewhat
less actVe ana proht-taking in special