The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-06-18
STOCKS AND BONDS.

New York, June 17-Yesterday's VOL
ume of activity in stocks was about
maintained to-day and the degree of
diversity of the trading was very sim
liar. The movement of prices was rath-
er irregular, in spite of the striking
gains by some of the stocks which led
the market in point of activity. A
movement to take profits in st. Paul
added to the irregular appearance Of
the market as the grain carrying rail-
roads generally showed some conspic-
uous points of strength.
The upward movement in the Read
ings was also pronounced the dealings
in that stock We're on a very large
scale, even allowing for it's enumera-
tionAas half shares. The forces back OF
these movements were concentrated
and their operations were not conspic-
uous outside of few stocks. 1t was
rot clear that the large buying move
ments in all cases were from identical
sources, but it was evident that the
operations were in concert. The brok-
ers who were buying Reading were
sellers of st. Paul while the large abb
sorption of Missouri Pacific seemed to
come from other sources, said to be a
pool which has operated in this stock
for many months. Union Pacific main
tanned it's stable tendency, and the
Atchisons were not so active as yes
terday Several minor stocks among
the grangers were active and strong,
notably the st. Joseph and Grand ISL
and stocks under the combined in
ftuence of the approach of the divi-
dend period and rumors of absorption
by Union Pacific. There was great ir-
regularity among the industrials, but
the most important stocks in that de-
partment were heavy. There was active
liquidation in Sugar owing to unfavor-
able opinion of the chances Of Cuban
reciprocity in the Senate. United States
Steel stocks were depressed by yester-
days injunction measure against the
stocks conversion. General Electric
was easily forced down points on
light selling. There was some demand
on the other hand for Pressed Steel
Car, American Car, Snuff, Bicycle pre-
ferred and New York Dock, the last
named advancing Ga points. There
was no news to explain the movements
among the leaders beyond the pro-
gress of a speculative campaign. The
excitement in the corn market SEEM
ingly did not affect the corn carrying
railroads as it was not associated with
bad crop reports. The falling of show
ers in the cotton belt was learned With
satisfaction, and the strength Of wheat
III foreign markets, which was reflect
ed here, was favorable influence on
the prices of securities.
There was no news of the coal strike
to account for the strength of Read
ings, although assertions were heard in
Wall street that the collapse OF the
strike was probably near at hand.
There was no uneasiness apparent
over the money market. notwithstand-
ing the approach Of the time of prep
aration for the seni-annual settlement,
and the known requirements for sew
eral syndicate operations, including the
payment of IS, 900 for the Western
Maryland Railroad at Baltimore this
week. The market closed quite active
and steady
The bond market was irregular. To-
tai sales par value f2,245009. United
States old A. registered declined Is. and
the new A. Y per cent. on the last
call.
Total sales Of stocks to-day We're S9l,-
200 shares. including Atchison. 1000:
Canadian Pacidc. 800 Erie. $500.
Iowa Central 600; Missouri Pacific.
a. 200, Reading. $3.50. do second pre-
ferred. 1880 - Paul, 1900; Union
Pacific, i2.e00s Amalgamlte1 Copper.
so. American Car ana Foundry, IL