The Savannah morning news., 1902-03-26
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STOCKS AND BONDS.

New York, March 25.-To-day's stock
market began to reflect the expecta-
tion of the coming triple holiday from
Thursday until Monday after Easter.
so long an interval in the trading al
ways prompts some closing out of ac-
counts. There is the additional in
oentiye that the narrow resources of
the money market may lead to a
furry in rates when the demand de-
velops for loans to carry over from
Thursday until Monday.
There were no immediate develop
ments of Importance in to-day's money
market, but a number of important re-
cuirements are to be met for the first
of the month and the beginning of the
coming quarter, These requirements
are known to be so considerable owing
to the projects of syndicates that the
available credits of the banks within
the legal requirements of the rs per
cent. cash reserves would be more than
wiped out in meeting them.
An extensive shifting of loans OBJ
yiously will be necessary to meet the
situation Bankers express confidence
that the steadiness of the money mar
ket will not be disturbed, but specula-
tors on margin with borrowed money
know from costly experience that this
does not necessarily mean that their
call loan accommodations will be un-
disturbed at pinch. There was q
revival of apprehension this morning
of labor troubles in the anthracite re-
gion which seems to be justified in
view of the contingent order of the
convention before adjourning for a
strike unless certain demands are COM
piled with. Reassurances on the part
of those connected with the coal inter-
ests that no strike was anticipated
were not wholly effective. and there
was some active liquidation, especially
in the Readings.
The assurance of injunctiens against
Western railroads for bidding rebates
and rate cutting was not unexpected,
but the reported determination of the
Interstate commerce commission to
hold a further and stringent inquiry
into the rate question was a surprise
and had chilling influence. Prep
arations for further suits in state
courts against the Northern Securi-
ties Company were to be reekoned
with. The testimony of the principals
in the great contest for control of
Northwestern railroads, which is be-
ing taken in a legal contest is read
with great attention in Wall street and
not with altogether reasurring effect
on sentiment, There was a slump of
more than points in Evansville and
Terre Hautes. The advance was renew
ed in Colorado Fuel after some early
heaviness and the stock gained 3A
allowing for the dividend off North
American made further inward dash
and late in the day the Kansas City
and Southern stocks and the Minneap-
oils, st. Paul and Sault- ste Marie
stocks forged upward without explana-
tion. These gains were the exception
to the rule which was on the side of
losses. Amalgamated Copper was sup
ported in face of the postponement of
the Anaconda dividend meeting and
closed with a small gain.
There was heavy selling of the
Wabash debenture B. bonds with a loss
of 1h per cent. Otherwise bonds were
irregular. Total sales par value $780,
900. United States bonds all unchang-
ed
Total sales of stocks to-day 554, 400
shares, including: Atehison, $500;
Monon. $780, Rock Island, $500: Louis
vile and Nashville, $4,000; Manhattan,
ZOO; Pennsylvania, 12.100; Reading,
42,700; Reading, second preferred, "a, 400:
St. Paul. 26.S00: Southern Pacific, 10, 400:
Union Pacific, S,4Oo; Amalgamated
Copper, 26,500; Anaconda Mining, $780,
Colorado Fuel, 49,400; North American.
1l,400; Sugar, 20,600; Tennessee Coal,
10000; United States Leather, 1880:
United States Steel, 1850; United
States preferred, 1890
New York stock and Bond List.