The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-26
STOCKS AND BONDS.
The Market Inactive and the Price
Range Narrow.

New York Jan 25.-PFices traVersed a
considera BILE range to-day from the low
level to the top level, covering one point
for large number of stocks and ranging
from to about 3h for some of the most
prominent and most active In the list.
The number of stocks which at any
time got point away from last nights
level in either direction was small, how
ever. The carly decline in prices was as
sisted by Londons disposition to sell
American stocks. The New York market
opened depressed in sympathy, and weak
ness was rather acute in some cases, nota-
bly, i'm st. Paul and Brooklyn Rapid
Transit These stocks later led the adj
vance so that their extreme range was
wide, st. Paul rising 3Es from the lowest,
and closing at the top, while Brooklyn
Transit advanced an extreme Pa. Tbs
decline invited some buying to support
prices, and the market hardened promptly
There were frequent reactions during the
day. Whenever speculative support WAS
Withdrawn prices were inclihed to slip
back.
The most notable movement of the day
was that of the Southwesterns, which fol-
lowed a show of frmness for several days
past ia Kansas and Texas preferred. There
was also very heavy absorption of the
bonds of the st. Louis Southwestern
Company and the Missouri, Kansas and
Texas Company this morning before the
rise in the stocks was inaugura ted The
advance in the group reached 37s in Mis-
sNuri. Kansas aud Texas preferred, 2if
IN the common, and about points each
in the st. Louis Southwestern stocks. Wa
bash preferred, Texas and Pacific and Mis-
souri, Pacific. This rise apparently is at
trinutable to published earnings and re-
newed consolidation talk. The steel
stocks show good net gains. Sugar also
showed decided improvement Northern
Pacific rallied 2lk after an early depres-
SION, and there were a number of less
prominent railroads which showed good
recoveries.
The closing, however, was below the
best except in a few stocks. notably ST.
Paul and the Southwesterns. lyn
Rapid Transit was feverish all day and
bioke sharply after a considerable ad-
vance when the list of directors failed
10 show the presence of the Metropolitan
Street Railway interests. The feature
was the decided decline In activity froin
the recent high level and the necessity
for persistent manipula tion to secure a
movement OF prices. This is the natural
result of the large elimination of specu-
lative accounts from the market The
market has drifted during the week more
and more into professional hands. The
preliminary figures Of the weeks move
ment OF cash insure another gain TO be
shown IN. to-morrow's bank statement
which will probably reach over 100000
The large demand for st. Louis South
western seconds was the inception Of an
active buying movement Of bonds OF an
the Gould southWesterns at notable adj
vsnccs in price. The general market was
firm but quiet. Total sales. par value
s. $4,000 United States 81 coupon adj
vanced n per cent. on the last call TO
DAVIS total stock sales were $50 400 shareg
New York Stock List
Sales. Stocks Closing BIT.
1900 .Atchison ....... .....".,..-..l Dlz