The Savannah morning news., 1902-03-20
STOCKS AND BONDS.

New York. March 19.-It is not often
that the stock market witnesses such
a series of spectacular and sensational
movements as it was treated to to-
day and in rather a. dull market at
that In fact, the dulIness in the gem
eral list was extreme and prices of the
most important railroad stocks moved
only with the utmost reluctance. The
usual favorites among the industrials
had a larger share of the trading, both
Amalgamated Copper and Sugar &C.
cupying fairly prominent places.
But it was among the stocks which
are traded in only at intervals of weeks
as a rule that the speculation was
fierce and the price movement violent.
There was nothing in the way of news
to explain why the buying orders for
$500 shares of Colorado Fuel should
make a wide opening in that stock all
the way from par to 107. compared
with IS last night@ Neither the high
point of this range nor the low point
was touched again during the day, but
the dealings continued very heavy and
the fluctuations feVerish. Activity was
revived i'm New York Air Brake with
d jump of l0s4 in price and a subse-
quent relapse of fully. half that. North
American suffered from realizing
after the opening advance, but forged
upwards again to 6H above last night
and fluctuated wildly. The rise of 5l2
in@Generai Electric and of In West
inghouSe swere due to rumors of con-
.isolidation, but both of these reacted
sharply. American Ice rebounded 29s
from it's recent violent decline.
In the railroad list Chicago, Indian
'usoliss G7df' tbcuisville was rushed up
412 on distinctly formulated rumors
that it was to Be placed on a four per
ixr{sI T.ofn in, he ID "
ST Louis and SAN Francisco sprang
into activity and strength with an ad-
vance OF nearly points, due to pub
lished reports that they contemplated
an extension to the Pacific coast,
There was some ulate buying also in
Atchison., which was practically the
only railroad stock in the list of first
Importance which moved as much as
a point. There was considerable de-
mand, however. for Baltimore and
Ohio. The rise of 23s in Sugar was due
to the agreement reached at Washing
ton upon the question of Cuban sugar
tariff, and also. TO, the certificate of
condition filed with 1.-The Massachusetts
secretary showing large increase in re-
sources. ...g =.
Meantime there were wide. declines in
stocks which have enjoyed recent
periods of strength, the losses being
.caused by the marketing OF only a. few
shares. Among these were losses of 4
points each in Chicago and Northwest
ern preferred and Glucose preferred
trust receipts. 3iffh Evansville and
Terra, HauGe and Ia point or more in
various others Wells Fargo dipped
FT1z on one transaction and rallied "a
on another. These violent movements
caused so much confusion and distrust
. among spectators generally that the
trading became neglected. Anxiety
was renewed also regarding the imme-
date future, of the money market.
which showed a hardening tendency
to-day The conference of coal miners
at Shamokin was also an unsettling i'm
fluence. tnN5 se>7a =
The bondA market was rather duh
and irReglhaEiaT Total sales par value
S2,615,000. United States bonds were
all unchanged on thes last CALL
The total salesGof the day were $780,
200, including Atchison q, 400: Atchison
preferred, 5,400; Baltimore and Ohio.
21.300; Chicago indianapolis and Louis
Vile, II ,4003s Colorado Southern, 5000;
Erie, $500; Manhattan, II 600; Metro
politana Street Railway. 4,100; Penn
sylvania, 400: Reading. HOO: ST.
Louis and is5anT Fpa1Toiscof $500; St.
Paul. 5,Se6uo- Southern Pacific, 400,
Union Pacific T30o;,s Amalgamated
Copper, 29,700; Brooklyn, II, 600; Colo
RADIO Fuel, 53,4O0; Paper. 1900; National
Biscuit, ,D00;s North American, 15,40o;
Sugar, 66,0O0; U. S. preferred, $500.
New York Stock and Bond List.