The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-05-22
STOCKS AND BONDS.

New York, May 2l.-The tone of the
resistance to the depression was still
manifest in to-days stock market,
Notwithstanding its dull and narrow
professional character. There was not
much assistance in the way of strength
derived from the coal stocks either,
which were dull and sluggish all day
until just before the close, when prices
hardened there and elsewhere in the
market.
Yesterdays hopes that the activities
of the Civic Federation were promising
for a settlement Of the strike were
somewhat dashed by the aggrieved tone
taken by the coal operators towards
these activities. Wall street, however.
maintains its conviction that the two
sides to the struggle are not very far
apart. and both averse to a long and
costly struggle The consequence is a
constant expectation of the announce
ment of a settlement. The conspicu-
Gus strength of Canadian Pacific and
it's affiliated lines continued to-day and
was notable influence on the whole
market. The strength of the stock
was unexplained beyond floor room
gossip of the imminence of a corner and
a revival of the reports of a strong
transatlantic steamship line in the in
tereSt of the line, and to be subsidized
by the Canadian government.
Another sustaining factor was the
wide advances of stocks in the usually
inactive stocks, and of minor railroad
stocks available for combinations and
absorptions The demand for those
stocks was stimulated by the details of
the plan for taking over the Chicago,
indianapolis and Louisville in the joint
interest of the Southern Railway and
the Louisville and Nashville, and the
acquisition of the Ann Arbor in the
interest of the Wabash. The stocks
Immediately concerned in those deals
were rather heavy but buying of a
large number of other stocks could be
traced to their influence. A jump of
p points in Cleveland, Lorain and
Wheeling and of 5 points in the pre-
ferred were examples. Some degree of
strength was given to the soft coal
carriers by the supposition that the
continuance of the anthracite strike
would lead to an increase of their traf-
fic. There was less fear that the strike
would spread to the bitumnous coal
trade. There was aggressive buying
of Amalgamated Copper a. intervals
during the day. The foreign exchange
market continued to show a yielding
tendency in spite of the falling rate
for money! London's hopes of an
early peace in South Africa was an
additional factor in the strength of the
market, which was quite marked at
the close of the day.
Bonds were dull but quite firm To-
tai sales. par value, $2415.000. United
States new As declined II, the old As and
the IS a. and the Is IL per cent. on
the last call to-day.
Total sales of stocks were $780, 800
shares. including: Atchison, 16. 400; Ca
madam Pacific, s2lOO; Chicago and AL
ton, $4,000; Chicago, Indianapolis and
Louisville, 5000: Chicago and Great
Western. $500: Erie. 640o; New York
Central. $500; Norfolk and Western, l.
400; Pennsylvania, 1900: Reading, 40
900: do I'd preferred, 800; st. Paul, IA
900; Southern Pacific, 1900 Southern
Railway. 1890: Union Pacific, 10000;
Copper, 1900: Anaconda, $780, Colo
RADIO Fuel and Iron. $500: Sugar. 10 500
United States Steel, 1900; do prefer
red, $500: Kansas City Southern, TO-
zoo
New York, stock And Bond List.