The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-03-07
STOCKS AND BONDS.

| New York, March 6.-To-day's stock
market made a remarkable exhibit of
| strength in spots Several of the GUS
| tonarX market leaders were included
IN the upward movement. The strength
| of the market, nevertheless failed to
carry conviction as to the genuineness
of the demand which lifted prices to a
higher level
AS the advance gained Roadway var
lous outstanding short interests We're
put under pressure, and bought rather
urgently TO cover short contracts. The
demand was so far unquestionably
genuine. Otherwise there was the ap-
pearancel of manipulation. This was
partly due to the character of the
stocks which advanced most conspi-
cuously, stocks whieha are not often
heard of for weeks at time on the
exchange. Nor was there any tangible
news to-day TO account flor their
strength, either affecting them individ-
ually of the general situation. In fact
the conditions which have made the
basis of the bear argument earlier in
the week continued in force to-day
The great snowstorm with the new
obstruction to traffic. threatened in
roads upon future showings of earn
ings. The engagements of gold for ex-
port on Saturday We're increased to-day
to $3,300,000 with the possibility of
further engagements tomorrow still
open. Reports of friction over freight
rates in. the Southwest, and of the dis
solution of freight associations on ac-
count of threatened action by the gov
eminent continued to be heard These
would all have induced selling of stocks
in the speculative temper which pre-
vailed earlier in the week. They We're
ignored to-day A very strong sent-
mental effect was produced by the per-
sistent show of strength in Chicago
and Northwestern and the character
of the buying. which lifted it. and
which had every appearance of general
investment demand 1t was this move
ment which directly encouraged the
heavy buying of st. Paul and which
leavened the whole market in the
course of the day 1t was supplement-
ed by similar movements I'm other high
grade closely held stocks, such as Pull
man, which rose on extreme 16 points.
Chicago, st. Paul, Minneapolis and
Omaha 7, and number of less con-
spicuous examples. Northwestern it.
self touched 233. During the existence
of a corner in the stock years ago ii
touched $50, which was the previous
record. Pullman. General Electric,
Omaha and Chicago and Eastern Illi-
nois also made record prices to-day.
Another notable movement was in
Colorado Fuel. which gained 10 points
on a very active demand and a very
feverish movement. This movement is
supposed to be directly related to that
in Colorado and Southern, which was
inclined to rest to-day, although the
second preferred was advanced points.
Outside of these the most notable
movements of the day were an assoft-
ment of low grade obscure stocks. The
movement ultimately extended. how
ever, to some of the soft coalers led
by Pennsylvania and other prominent
stocks. The late dealings showed the
usual profit-taking and the closing was
irregular.
The bond market continued rather
dull. but was firm. Total sales par
value 50, 100000. United States 2's reg
istered and the 3's advanced 4 per
cent on the last call.
Total sales of stocks to-day were
597, 100 shares, including: Baltimore
and Ohio, 10000; Chicago and North
western, $500. Colorado Southern, 21,-
900: de second preferred 1900: Eric.
$500; Illinois Central, 800; Iowa Cen
trail, 10000: Mexican Central, $780,
Mexican National. 24,3O0: Pennsylvania,
81, 500: Reading 20,1O0; de second pre-
ferred $500: st. Paul. 41.000;~ Southern
Pacific 10,700; Union Pacific. 13,90O
Amalgamated Copper Fuel. 24,S00 SUI
gar, $500; Tennessee Coal, 1900; Unit
eds States Steel preferred. 100; Amer
lean Locomotive, 1920.
New York stock and Rond List.