The Savannah morning news., 1902-03-25
STOCKS AND BONDS.

ANCW L VI n NLdlN I'll
ket made some attempt to rally from
the reactionary tendency that devel-
oped before the close on Saturday,
and to resume the upward tendency
which was becoming fairly general on
Friday. Prices started higher this
morning, but the market during the
day did not hold out the promise of
the early dealings, and again relapsed
into dull and drifting condition with
the dealings almost entirely in profess
sional hands and only the more OBJ
scure stocks moving with any degree
of energy.
There was marked demand for the
Readings and an apparent attempt
to shift the leadership into the Coal
ers from the Western grain carriers,
whose strength last week was sup
posed to be due to the favorable
prospects of the grain crops. But
the obvious fact that selling to take
profits was going on in st. Paul, show
ing the work of professional hands,
detracted from the influence of the
new strength in the Readings. The
renewed attendance at his office of the
most prominent capitalist in the street
and the return to New York from hol-
iday excursions of other large CAPT
talists was looked to by the more san
guine of the traders to result in a re-
sumption of market activity, but ex-
cept for the buying of Readings no
such influence was apparent. Anal
gamated Copper was notably active,
and, with occasional rallies, was de-
pressed on account of a fear that the
Anaconda dividend to be acted on this
week will not be maintained.
There was an active speculat ton in
the United States Leather stocks at
advances of point or more accompa-
MED by reports subsequently discred-
tied, that the accumulated dividends
due on the preferred stocks were to be
funded into a bond. Louisville and
Nashville and Chicago, indianapolis
and Louisville rose together in the late
trading, thus reviving old rumors Of
combina ton. Outside of these cases
the market was spotty and uneven and
very irregular. There were wide ad-
vances in Evansville and Terre Haute,
North American, General Electric,
corn products and Keokuk and Des
Moines preferred, but none of the
gains were fully maintained and there
were wide declines In other stocks
which have had recent advances. Col
orado Fuel was active and erratic
ranging both above and below Satur-
days price and closing with net
gain OF a point. Soothing assurances
were heard that the condition of the
money market was perfectly safe, but
the forces of depletion at work upon
the cash reserves OF the banks and
the narrow margin of their surplus
reserve kept awake an uneasy senti-
ment regarding the condition of the
market until the April settlements.
With the sub-treasury taking funds
from the market, an interior demand
for currency and sterling exchange
again hardening toward the gold ex-
port point, it is felt that there is dan
ger of flurries in the money market,
even if sustained stringency can be
avoided. The market closed heavy.
The bond market was irregular, but
the active issues were inclined to re-
cede. Total sales, par value, $1,720, 900.
United Seates bonds were all I'M
changed.
The total sales for the day were $685.
900. including Atchison, IL LOO; Balti-
apolis and Louisville, II, 100; Erie, g.
400; Louisville and Nashville, 24.200;
Manhattan, $500; New York Central,
$500: Ontario and Western 1000;
Pennsylvania, $500; Reading, $1,000;
Reading first preferred, 5000; Reading
second preferred $4,000; st. Paul, A.
300: Southern Pacific $500; Southern
Railway preferred, $500; Toledo, st.
Louis and Western preferred, $500;
Union Pacific, $1,000; Amalgamated
Copper, 1900; American Car and
Foundry. $500; Brooklyn, $780, Colo
RADIO Fuel and Iron, 24,100; Hooking
Coal, 1900: North American, 1900;
Sugar, 16.4O0; Tennessee Coal, $780,
United States Steel, $500.
New York Stock and bond List.