The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-06-12
STOCKS AND BONDS.

New York, June 11.-There was a
further expansion in dealings on the
Stock Exchange to-day, which was
generally attributed to the resumption
of activity by the newly returned
leaders of the Western group. This
activity centered in st. Paul. There
was, besides, an active market in Mis-
souri, Pacific, which had no apparent
connection with the st. Paul move
ment, so far as the identity of the
brokers employed would reveal it.
These two stocks ran a pretty close
race for the leadership of the market
in point of activity, with Missouri Pa
cific getting rather the best of it, both
in the volume of dealings and in the
extent of the gain. Just at the close
the stock moved up more than points
over last night. st. PauPs extreme
rise was rs. and was not fully held.
Between them the two stocks made up
about one-quarter of the aggregate
dealings for the day.
There were considerable gains in
other stocks, but these seemed to be
more or less In sympathy, and there
was at the same time some selling to
take advantage of this sympathetic
strength. There was no evidence that
any considerable following was at
tracted to the movement. The adj
vance was made in the face of a feel
ing of disappointment over the month
ly crop bulletin issued last night by
the Agricultural Department The
bulletin showed none of the hoped for
improvements in the condition of win
ter wheat. upon which the stock mar
ket has been acting and the effect
of the high average condition of spring
wheat was more than offset by the
large decrease in acreage, causing a
large falling off in the indicated
spring wheat crop from that of last
year.
With continued lack of rain in some
portions of the cotton belt, the infiu-
ence of the crop news could not be
called beneficial upon stock values
The dominant Importance of the corn
crop this year was thus emphasized
and 1t is considered likely that this
| Importance will gain force from this
time forward. The argument was
heard that an increase in the dividend
on St Paul is likely from the analogy
of the increase in the Chicago and
Northwestern dividend The strength
of Missouri Pacific caused renewal of
old rumors that the long expected
plan for the consolidation of the Gould
railroad interests into one corporation
was being perfected.
No warrant for either of these re-
ports could be secured in any quarter
of authority. The coalers were COM
paratively neglected, but were firm,
owing to the current assertion that
the striking miners were likely to
yield the contest soon. Nothing more
was heard of plans for compromise
of the contest. Call money was easy
and in abundant supply. The stock
market closed dull and irregular.
Prices Of bonds advanced. Burling-
ton joint As were in demand on the
reported extension of the underwrit-
ing syndicate. Total sales. par value,
$1,99O,O00. United States bonds were
all unchanged on the last call.
Total sales of stocks to-day were
S79,50O shares, including: Atchison,
14300 Canadian Pacific, 10000; Louis
willie and Nashville. $500; Missouri Pa
cific, 49,30O; Missouri. Kansas and
Texas, 500; Missouri, Kansas and
Texas preferred, 1900; Pennsylvania,
$500; Reading. $4,000; ST. Paul, 1890;
Southern Railway, 5000; Union Pacific,
II, O00 Wabash, 1000; Amalgamated
Copper, $500; American Car and Foun-
dry, 1920; Colorado Fuel and Iron,
800; Sugar. 1890; United States Steel,
10000.