The Savannah morning news., 1901-03-15
STOCKS AND BONDS.
Closing Strength Carries Prices Up
In Many Quarters.

New York, March H.--There was more
activity and variety in the last half hour
of to-days stock market than dur
sion. A buoyapt rise in the Erie
stocks, led by the second pre-
ferred and followed by the other coalers.
caused a covering movement among the
shorts all Ground the room and good
rise in prices. The bears rallied their
forces and raided stocks here and there
| sufficiently to check the advance and UNI
settle the close The advance in Erie sec
| ond preferred In the final bulge WAS ~
| and the other coalers rose between l and
2 points in sympathy.
The ST. Paul dividend increase seemed
to fall fiat on the market. The expecta-
ton of the afternoon action had held the
market in check all through the day The
stock was run up points during the
morning. but when the increase in the div
idend was announced selling to realize
wiped out all but small fraction of the
rise. 1t looked as though the heaviness
in St. Paul would carry down the whole
market until the rise in the Fries stiffened
the tone.
For the rest, the market was rather dull
and narrower of late. 1t continued to be
characterized by the movement OF the
specialties to large extent The
in large demand on the gen
eral ground of the prosperity Of that re-
gion of the country, and the expectation
of a coming amalgamation of important
railroad properties there. The Wabash
securities came to the front in the move
ment and were bought on a very large
scale Many of the minor railroad prop
critics continued unusually conspicuous on
the PROGRESSED belief In their coming alb
sorption by the great systems. Several of
the subsidiary Vanderbilt lines were in
cluded in this movement to-day. Chicago,
indianapolis and Louisville and New York,
Chicago and ST Louis first preferred
moved up 8 points and other stocks of
those companies and Canada Southern
between l and points. Lake Erie and
Western, after an early advance of O
point, broke two and closed unchanged.
The Minneapolis and st. Louis stocks rose
. for the common and 21a for the preferred.
ST. Louis and San Francisco suffered
from realizing, losing at one time IL.
There was large realizing going on under
cover of the points Of strength and many
stocks which advanced reacted on profit
taking during the course Of the day.
Amalgamated Copper after early weak
ness turned very strong, closing with a
net gain of IL.
The CONTINUED ease of cali money, In
spite Of the calling of some loans, Quoted
apprehension on the score Of money rates
The calling Of loans was in preparation
for to-morroW's large dividend easburse-
ments. London bought quite freely Ia
this market, especially of Chicago Great
Western and Cheerful tone was reported
there by reason OF the belief IN an early
peace In South Africa Sterling exchange
hardened here in spite of easier money in
London and the buying OF stocks here for
London account Buying for remittance
on account Of subscriptions to German
municipal loans Is believed to be the cause
OF the higher exchange rates.
Business In railroad bonds continued
very large, but proht-taking In the spec
ulative issues caused some irreguIarity in
to-day's price movement. Total sales par
value $8065,00 United States refunding
2s the 3's and new As advanced N per
cent on the last call
Total sales Of stocks to-day were $1,000
shares including Atchison 25,20O; Atchison
preferred, H,700; Chesapeake and Ohio, 16-
900; Chicago Great Western. 1900 ;Chlcago
Burlington and Quincy, 1900; c. l. & l.,
i2.40; Chicago, Rock Island and Pacific.
500; ETie, 1890; Erie first preferred,
1910; Manhattan, 1890; Mexican Central,
100; Missouri Kansas and Texas, $500;
Missouri. Kansas and Texas preferred,
n, 400 Norfolk and Western, N.l0o; Ontario
and Western, 1900; Reading, 500; Read
ing first preferred. 800: Reading second
preferred. 500; ST. Louis and San Fran
cisco. $500: st. Louis and uthwestern.
1900 81. Louis Southwestern preferred.
800 81. Paul, 60,100. Southern Pacific.
1900; Texas Pacific. $500; Union Pacific.
l0,eoo; Wabash, u,4oo; wabasb preferred.
Bl0o; Amalgamated Copper. 1920; Ameri-
can Tobacco, 1870; Brooklyn Transit,
1850; Continental Tobacco, 1000; National
steel, 400; Peoples Gas. 300: Sugar.
1000.