The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-04-03
STOCKS AND BONDS.

New York, April 2.-The naming of
the most active stocks in to-days mar
ket is in itself an illuminating COM
mentary on the character of the mar
ket United States Leather led the
list, followed at a considerable inter-
val by Amalgamated Copper.
The dealings in Colorado Fuel fell to
quite insignificant proportions in com
parison with the recent trading. Sugar
was we'll up in the list of active stocks.
Of the prominent railroads only st.
Paul and Louisville and Nashville
showed a notable degree of activity
and the fluctuations did not reach as
much as point in either of them. The
extreme range in the United States
Steel stocks was q for the common
and u for the preferred. and both
closed at a shade under last night, in
spite of the extraordinary earnings re-
ported for the year of the company's
existence and the official assurance
given of the success of the plan for
providing $50.000.0 600 additional capital.
Many of the usually prominent stocks
did not open al all before the middle of
the days session and not a few will
be found with no sales recorded. The
price movements of any consequence
are almost invariably amongst the less
known stocks and the reasons adj
vanced were very obscure. Omaha
rose points on a few transactions and
the preferred 5, but Pere Marquette
dropped six on only one sale. The
Hooking Valley stocks were active and
strong, the common rising 4 and the
preferred ,.
Rumors were revived of a plan to re-
tire the preferred stock at par. The
Wisconsin Central stocks and the Toll
edo, st. Louis and Western stocks were
bought. apparently on the strength Of
their strategic position in the COM
petitive field. The New York dock
stocks rose in an erratic manner on the
supposed sudden realization of the val
liable equities in the property. The
movement in the Leather stocks was
on the assumption that the preferred
stock and it's claims to deferred divi-
dends were to be cleared up in some
way by a bond issue.
There were other movements of less
degree. The losses, which We're liber-
ally sprinkled through the list of
stocks. of a similar character had no
other explanation that they had pre-
Viously advanced on rumors which
have not been confirmed. The weak
ness of Rock Island was associated
with the announcements of its adj
ditional stock issue. The decline in
stocks was doubtless due to the coal
miners strike in it's territory. The
crop report by the government weather
bureau had some influence upon senti-
ment, but the present grain markets
are regarded as under the artificial in
fiuence of large speculative operations
and are therefore distrusted as an in
dex of actual conditions. The market
closed dull and heavy on the taking OF
profits by room traders.
There was a very good demand for
bonds, which was better distributed
than of late. Total sales, par value,
$2,4S0,000 q. s. bonds were all un-
changed on the last call
Total sales stock were 40. 700. includ-
ing Chicago and Northwestern, $500;
Hooking Valley, 10.100; louisville and
Nashville, 1880; Reading. 1890; ST
Louis and San Francisco $500; ST
Louis and San Francisco second pre-
ferred, $500; st. Paul, 22,400 Wiscon-
sin Central, 800; Amalgamated Cop
per, 20, 1907 American Car and Foun-
dry, 5000; Colorado Fuel, II 200: Con-
solidated Gas. 5,400; Hooking Coal, g.
400; u. S. Leather. $4,000; U. S. Leather
preferred, $4,000; u. S Steel, 6,4O0; u
S. Steel preferred, 1900