The Savannah morning news., 1902-04-19

There was nothing in the news to-
cay or in the general conditions, and
outlook to account for the manner in
which new points of strength<were con-
stantly developed while the older
points of strength We're left to drift
downwards or were subjected to a jul
dicious feeding of the demand for the
purpose of realizing profits. These
stocks which sDurted late in the day
yesterday. and those which opened
this morning with a vigorous upward
movement almost without exception,
were subjected to realizing to-day and
closed the day with small net gains
below the best prices. This was nota'
bly, true of Atchison and of the anthra-
cite coalers, and was measurably true
of stocks which showed periods of
strength later in the day. Broadly
specializing, the leadership of the ad-
vance was shifted to st. Paul and then
to Union Pacific, with a more moderate
response amongst the other Southwest
ems and Pacifics. Southern Railway
and Louisville fell into the background
again.
The bituminous coal carriers enjoyed
period of strength, and there were
a number of wide advances amongst
scattered industrials and specialties.
Colorado Fuel was active and strong
on a speculative superstition that alb
sorption of that company into the
United States Steel Corporation had
been assured as part of the settlement
of the control of Louisville and Nash
vile. International Power was ex-
tremelY erratic. but rose an extreme
10A, presumably on the dividend decla-
ration yesterday. There were gains
of between and points in North
American, Peoples Gas, the rubber
goods stocks, New York Air Brake, the
American Snuff stocks. Fort Worth and
Denver City stamped and Nashville
Chattanooga and st. Louis. Burling-
ton, Cedar Rapids and Northern drop
ped 10 points on a single sale, and
Brooklyn Union Gas points. Anal
gamated Copper, was quiet, but some
what depressed after yesterdays divi-
dend reduction. American Sugar was
sold on the strength of the proposed
amendment to the Cuban reciprocity
bill to rescind the differential duty on
refined sugar. The preliminary figures
Of the cash movement for the week,
indicating a gain in reserve of over ST.
100000 and an easier tone in the money
market, were calculated to sustain the
speculative movement. The market
closed active and irregular.
The activity in stocks has diverted
interest from the bond market, which
was rather dull and irregular. Total
sales, par value, %0,9f0,OUO. united
States IS coupon advanced Il per cent.
and the old As coupon declined Is per
cent. on the last call.
Total sales of stocks to-day were l.
$4,000 shares. including: Atchison,
II 400; do preferred 2S,600; Baltimore
and Ohio, 1880; Canadian Pacific, 49,,
400; Chesapeake and Ohio, $500; Chi
cago. Indianapolis and Louisville, 49,,
000 Chicago and Great Western, $500;
Chicago Terminal and Transportation
preferred, $500; Colorado Southern, 49,
AGO. do I'd preferred, 7,000 Erie, 24,400;
Hooking Valley. 100; Illinois Central.
800: Louisville and Nashville. $500;
Manhattan, 1900; Missouri Pacific, ST.,
600; Missouri, Kansas and Texas, 5000;
do preferred, $500; New York Central,
IA 900; Norfolk and Western, Is, 400; On
tario and Western. IL, 400; Pennsyl-
vania, $4,000; Reading, 129. 500; do I'd
preferred, 1890; St. Paul. S1,700;
Southern Pacific, 1880; Southern Rail-
way, 29,60O do preferred, 1900; Union
Pacific, 10000; do preferred. $500;
Amalgamated Copper. 81 800; Brooklyn
Rapid Transit, 23,500; Colorado Fuel
and Iron, go 700; Consolidated Gas, s.,
900; International Power. 1920; North
American, 800; Peoples Gas, 30S00;
Sugar "a, 400; Tennessee Coal and Iron,
IA. 500: United States Steel, 36,322: do
preferred, $780, Western Union, 21,7O0;
American Locomotive, 41,100; preferred,
11,700.