The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-01-18
STOCKS AND BONDS.

New York, Jan. 17.-There was in
creased activity in the stock market
and show of strength, but the deal
ings did not rise much over half
million shares, and were largely CEN
tered in the few stocks which were
tavorites in speculation. Professional
manipulation had not little to do
with the advance in prices at some
points, and the movement was clearly
directed against the short interest
which had been accommodating during
the downward course of prices this
week.
The recovery from a recent illness
of a leading operator, who is com
monty credited with the leadership Of
the protective forces of the market on
the bull side, was believed to explain
an important part in to-day's trans
actions. The factors which accounted
for the rise We're partly in the shape
of vague intimations and general as
sertions, rather than of explicit infor-
nation Thus, statements were cir
culated as to the phenomenal earnings
of the anthracite carriers, which were,
asserted to reach Is and 20 per cent.
for the leading high priced stocks.
There was no difficulty found in mark
ing up these stocks, and there was
very heavy demand at the same time
for the lower priced stocks in the
group, especially the Readings. There
were resulting advances in Lacka-
wanna of II points, New Jersey Cen
trail eX-dividend 3A Reading 23s, and
other members of the group / to 2
points. The movement was extended
in some measure by sympathy to some
of the soft coalers.
There was continued strength in the
southwestern railroads as a group at
advances of l to 8 points. This might
be accounted for by reports of much
needed rains in Texas. The indus
trials came forward into rather great
er prominence than of late. Such con-
spicuous stocks as Sugar, Amalga-
mated Copper, General Electric and the
local fractions showed gains of 1 to
points. American Tobacco gained
another 30 points to-day selling at 235
with later bid at PAS. This stock is
exchangeable at par for 200 of Consor-
1dated Tobacco As. There is said to be
less than per cent. of the stock still
outstanding. Very glowing accounts
were put out of the rate of expansion
OF the tobacco business. American
Tobacco preferred gained 6, and the
consolidated Companys bonds were
strong and active. Late in the day
st. Paul was bid up quickly nearly 2
points and other Changers and Pacifics
strengthened in sympathy The bulls
mad in their favor the prospect of a
strong bank statement tomorrow.
The railroad bond market was active
ana strong, mortgages of railroads in
the Southwest being in particular
favor. Total sales, par value, s4,075.-
600 United States bonds were all un-
changed on the last call.
Total sales of stocks to-day were 540.-
500 shares, including: Atchison. IT,
400; Chicago indianapolis and Louis
vile, 5000; Erie, $1,000; Manhattan. g.
800; Missouri Pacific. 5000; New York
Central, 100; Pennsylvania, 17.IO0
Reading. 100000: do second preferred.
$4,000; st. Louis and San Francisco.
900; do second preferred, $4,000; ST.
Louis Southwestern preferred, $500:
st. Paul, S4.500; Southern Pacific, 49,
100; Union Pacific. 271O0; Amalga-
mated Copper, 10000; Brooklyn Rapid
Transit, $500; Sugar. 34S00; Emitted
States Steel, 15.100; do preferred. Is
400 American Locomotive, 5000.