The Savannah morning news., 1902-04-09
STOCKS AND BONDS.

yesterdays furry in the money mar
ket was dissipated to-day afid an aga
gressiye leadership was developed on
the recovery in, stocks. This leader
ship seemed to remain with the West
ern men who took whole OF the mar
ket late last week. There was some
evidence that their forces had been re-
cruited from other sources, While their
position was stronger by reason 0f
the shaking off of weak following
by yesterdays reaction
The extension of the short interest
during yesterdays decline was also a
technical factor of strength in to-
days market. The reassurance of
the speculative element was not i'm
mediate this informing and there was
considerable wavering and uncertain
~, IN the. early movement of prices,
in fact, there was not much in the
market up TO noon outside of the per-
sistent absorption of Louisville and
Nashville, and the sharp advance In
Amalgamated Copper, apparently a
continuation of yesterdays movement.
Louisville and Nashville proved the
central figure of the market and it's
aggressive advance was the domfnat-
ing factor in the broadening demand
for stocks, The dealings in the stock
We're on an enormous scale, and there
We're indications that the Western
contingent OF spectators was rein
forced on the buying side by a we'll
Known operator who only re.
Gently returned from LONG trip to
recuperate his health.
The explanations offered for the rise
were mostly in the nature of surmises
on the part of spectators. The re-
ported acquisition Of the. Atlanta,
Knoxville and Northern Railway was
believed to be the preliminary to ac-
tive it1oursi0n into new territory, The
belief was protested that the new Is.
sue, of $4,000 300 of stock, fof the ptir.
pose of this purchase has already been
marketed. thus freeing from the fu-
ture offerings, of it, The. aggressive
gave rise to e01jectures as to the pos
sibiiity of the establishment of a
community of interest In the territory
concerned Illinois Central and
Southern Railway preferred were benz
Gifted by. sympathy. The movement
spread into the Southwestern stocks
and ST. Paul, but tjfiion Pacific
Southern Pacific and Atchisol were
little affected by, the movement.
There, was a general movement in
the Vanderbilts of from / to 8 points
and a. large number offminor stocks
of which the, Wisconsin Central stocks
were most conspicuous. were Vigor-
ousy. advanced. The list of minor
industfials affected was also as large
as has recently beena the rule The
Westinghouse Electric. stocks. made
sensational advances of 141z for the
common and Is for the first preferred
on the strength of an analogy, with
the history of General Electric. The
whole market gave way on the profit
taking which developed In the last
hour and the principal active stocks
We're carried back from / to 2 points,
The market closed easy. The. rate
for call LOANS to-day held firm at to
per cent, 1t was believed that this
rate would check further shipments
of gold, and this assurance was a con-
siderable. relief to sentiment. The
calling. of loans yesterday seemed to
have strengthened the situation of
banks so far that the feeling in the
money market to-day was much bet
ter.
The Central of Georgia income
bonds were the features of the. bond
market at advances. of q to- 3ia per
cent. Otherwise the bond market was
rather quiet but firm. Total sales,
par value, $3T70,000. United States
bonds unchanged
Total sales. stocks to-day were 715,-
400 shares, including Atehison, 10000;
Chicago, Indianapolis. and Louisville,
$500, Louisville and Nashville, 1885,.
100; Manhattan, 1920; Metropolitan,
$500; Missouri Pacific, $4,000; st.
Louis Southwestern PREFERRED 12,400;
ST. Paul, 12.500: Southern Pacific. 49,
700; Southern Railway. 1890; Union.
Pacific. 24.500; Wabash preferred, 49,
800: Wisconsin Central. Is. 100: do pre-
ferred, 1920; Analgamated Copper,
4S.30e: Brooklyn Transit, 9100: Color
ado Fuel, 1890: Sugar $500; United
States Steel. 115eO; United States,
Steel preferred, 7,iOe. ri
New York stock and Hand List.