The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-01-11
STOCKS AND BONDS.
The Market Closes With No Changes
of Importance.

New York, Jan. 1O.-The condition of
neglect and professionalism into which
the. stock market is falling became
more evident to-day not only in the
smaller volue of the trading. but in the
eccentric fluctuations of prices. The
net changes in the majority of the list
will be found narrow, but the days
range was considerable and the
changes constant and various. The
rule of operation has fallen back to
the professional room traders basis of
selling on advances and buying on
slight recessions. The speculation con-
tinued quite active in Sugar and Man
haitian. but even in these the character
istics were professional. In Sugar at
tempts were made to lift the stock on
the assumption that Cuban duties
would be RENTED. Manhattan was af-
fected by realizing, but was lifted at
one time point over yesterday. Gen
orally speaking the characteristic of
the market was dullness, due to the
lack of outside interest and the dis
continuance of operations by the larger
speculative interest
The tone leaned toward depression
as the lack of demand made the mar
ket vulnerable to even light selling
pressure. The abandonment of the
bull campaign in United States Steel
and the desire to await a better de-
fined status for the Northern Securities
Company were general considerations
detracting from speculative interest.
The announcement of the suspension
of a trust and savings institution in
Cleveland was regarded as an episode
unimportant in it's immediate results
but which has a rather sinister signifl-
canoe in its possible Interior bearings
The suspension was associated in the
Wall street mind with the difficulties
of the Everett Moore Syndicate which
have been rather depressing circum-
stance i'm the Wall street background
for some time past. The feeling in ia
vor of conservatism in the extension of
both credits and speculative ventures
was strengthened by this event. There
has been an extensive speculation in
Delaware and Hudson on a confident
assumption that the dividend on the
stock was to be increased. This as
sumption was strengthened by the ac-
ton of the New Jersey Central direc-
tors in jumping their dividend rate
from ) TO s per cent, The action of
the Delaware and Hudson directors
to-day i'm limiting the distribution of
last years profits to Z per cent. TO
be disbursed quarterly. was therefore
keen disappointment. as 1t represent
cd no better return than that OF last
year. The stock was sold heavily, caus-
ing a break OF points. with an influ-
ence on the whole market. The I'M
changed dividend on Louisville and
Nashville was also a disappointment
though in much less degree. The mar
ket failed entirely to respond to the
promise OF a favorable bank statement
tomorrow.
The bond market was dull and rather
irregular Total sales, par value, 49,
$4,000. United States bonds were all
unchanged on the last call.
The total sales for the day were $685.
400 shares. including: Atchison. 40
700; Atchison preferred. 800: Della
ware and Hudson. 1900; Manhattan.
$500: Erie. 1880: Missouri Pacific. g.
900. New York Central. $500; Penn
sylyania. $500: Reading $4,000: Read
ing second preferred. 1900. 81. Louis
and San Francisco. 5.i00. 81. Paul. 90
400. Southern Pacific. Is. 800; Southern
Railway 1900. Union Pacific. $500.
Amalgamated Copper. ~. 500; Brooklyn
800. Sugar. 1880. United States Steel
$500, United states Steel preferred
1890
New York stock and Bond List.
Railroad Stocks.
ANthif0M ssssssssssssssssssstsss ~ "a