The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-05-29
STOCKS AND BONDS.

New York. May 2S.-To-days stock
market offers small subject for COM
inent. 1t was strictly an affair of room
trading of a class which is known in
Stock Exchange parlance as trading
jack knives" The profits made or the
loss sustained were confined to the lin
its of the board room. Outside orders
were insignificant.
The news of the day, which was
slight, was only a nominal influence
and the real incentive to the dealings
was the impression of traders as to the
volume of contracts existing with them
or on the other side. The decline of
the preceding days found the traders
generally committed in a small way
to the short side and they attempted
to cover their short contracts before
the rival traders could do so. The fact
that the rise of something over a point
in Reading was accompanied by Tu-
mors that developments were impend-
ing encouraging a hope of the settle
ment of the coal strike was of little
weight, and many Wall street offices
had dispatches from the mining region
reporting the prospects unchanged.
without affecting the small gaming
that was in progress. The buying of
st. Paul was just as little accepted as
indicating any important development
in the progress of crops, although the
weather map was favorable and the
sharp reaction in the grain markets
offered some confederation.
The present speculative temper re-
garding the corn crop is that last sea-
sons great shortage and the high
price prevailing is bound to insure all
possible measures to secure a plentiful
yield this season. Until definite infor-
nation is known therefore of DANA ge
to the coming corn crop, a large crop
nil he 70 70 Cd &c,
some demand for the soft coal carriers
on the ground that the shortage of an
thracite enhances the demand FOR soft
coal as substitute. but there is the
doubtful element also of the success
of efforts making 10 get the bitulni-
nous coal miners to join the dnthra cite
strikers. The 31a point rise in Hook
ing Valley had as additional grounds
the report of a proposed increase in
the dividend rate. Pressed Steel Car
moved upwards again to-day, but did
not hold the gain and the tendency to
sympathy in stocks of other railroad
equipment companies found its most
notable effect to-day in Railway Steel
Spring, which moved up over a point.
The speculative realizing in Canadian
Pacific continued to-day and removed
the stimulating effect of the recent rise
in that stock from the market. The
feeling of disappointment over the lack
of definite peace announcement by the
British cabinet had some slight reflec-
ton at the opening here. A sharp
break in the London market for raw
copper helped to keep back Amalga-
mated. The approach of a half week
holiday emphasized the disposition to
refrain from speculation. A good part
of the advances were lost on room
profit taking and the market closed
lifeless and heavy.
The market for bonds was dull and
steady. Total sales, par value, ST.
10000. United States bonds were all
unchanged on the last call.
Total sales stocks to-day were 351 500
shares, including Atchison, 7.300 Cana
dian Pacific. 4O,3OO; Chicago. Indian
apolis and Louisville, 6400; Hooking,
2,1OO: Missouri Pacific, 5000; Reading,
4,S00: st. Paul. 1890; Union Pacific.
1920: Copper. 1890; American Car
and Foundry, II, 400; Pressed Steel Car,
$500; Sugar, $500; United States Steel,
$500; preferred, 10000.