The Savannah morning news., 1901-03-07
STOCKS AND BONDS.
Strength shown In the Active RAFT
road Issues.

New York. March 6.--The character OF
to-day's market for stocks was very sim
liar TO that of yesterday. Absorption OF
railroad stocks OF high grade by buy
ers of abundant resources and of sub
stantial kind went on side by side with
wide fluctuations in some of the highly
speculative specialties. So far as the
railroad department was concerned ac-
tivity was shifted to some extent from
those stocks which were most promi-
nent Yesterday
During the latter part Of the day there
was abundant evidence of large profit
taking Stocks which had been strong
early in the day fell back materially and
many usually prominent stocks which
were not notably active to-day We're al
loved to fall back below last night s
level. Nevertheless the days gains are
very striking. both by reason of the char
acter of the stocks affected and the
amount of transactions and the extent OF
the gains in them. Yesterdays late move
ment in Burlington was continued at the
outset this morning and the stock was
carried up pa 10 l5OIa record price. The
strength of the stock was due to the fact
that large competing railroad interests
fessedly for investment. but. according
to the Wall street Interpretation, with =
possible view to consolidation or at all
events to the extension of a community
of interests. Union Pacific. Northern Pa
cific and Pennsylvania were all said to
be interested in the buying. The Balti-
more and Ohio Railroad stocks continued
To show conspicuous strength, the com
mon advancing and the preferred pa.
There was also a striking movement in
Atchison preferred which carried it up
3 points. The common stocks of this
road, Union Pacific. Southern Pacific
and Louisville and Nashville were also
very strong
The later movement of the day had
some appearance of manipulation for the
purpose of sustaining the market while
profit-taking was in progress elsewhere,
The reactionary movement took point
or more from the best prices of many
of the stocks. There was a long list OF
stocks of smaller railroads which were
moved up all the way from a point TO
27s. Long Island rose So on light trans
actions and closed with a net gain of ga
Among the industrlals Amalgamated
Copper and Sugar claimed the largest
share of attention. The former opened
down IL on reports of a renewal of an
tagonistic measures in Montana. IL was
strongly supported and was rallied "a at
one time, but ian the late dealings IL broke
below 101 and Closed with q net loss of
"a. Sugar was forced under last night
for only a brief period and after varied
fluctuations closed with net gain Of ~
The steel stocks continued much neglect
ed and heavy in tone. The formal steps
towards the completion of the measures
to insure the exchange are still in pro.
gress. While the new securities thus re-
fain none xistent, operations in the group
are hampered.
The railroad bond market continues ac-
tive and prices generally higher. Total
sales par value S, $4,000. United States 81
registered declined II per cent. on the last
call
The total sales of stocks to-day were
1,l22,30 shares. including: Atchison I6 100;
do preferred 1G9 400; Baltimore and Ohio
$780, Chesapeake and Ohio, $500. Chi
cago, Burlington and Quincy IS. 200: Rock
Island q, 800; Erie 1900; do first preferred
1920; Illinois Central 5000; Louisville and
Nashville $500; Manhattan 1O,400 Mis-
souri, Pacific 1890; Missouri, Kansas ana
Texas preferred 1880; New York Gem
trial 400; Norfolk and Western 5000;
Northern Pacific, 19100;OntariO and West
ern $500; Pennsylvania Al 800: Reading
1880; do first preferred II, 100; do second
preferred J,lO0; St. Louis and Southwest
ern preferred 5000; st. Paul IL, 100: South
ern Pacific 1850; Southern Railway o.
zoo; do preferred II 500; Union Pacific ~
500: do preferred GOO; Wabash preferred
1900; Baltimore and Ohio preferred. II 500.
Amalgamated Copper so, 700: American
Smelling 1890; American Hoop 6.100.
American Tobacco 1890; Anaconda Z. 800:
Brooklyn 900; Federal Steel preferred
600; Peoples Gas 1890; Sugar $500;
Tennessee Coal 1890; Western Union g..
$40.