The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-09-03
STOCKS AND BONDS.

New York, Sept 2.-The resumption
of operations in the stock market, af-
ter the triple holiday was accompanied
by increased activity and strength in
the entire list. More than a score
of stocks established new high records,
among them being Atchison common,
Canadian Pacific, Cleveland, Cincin-
natl, Chicago and st. Louis, Colorado
Southern second preferred, Detroit
Southern, Missouri, Kansas and Texas
preferred, st. Louis, Southwestern,
Norfolk and Western, Pennsylvania,
Baltimore and Ohio, the Readings st.
Joseph and Grand Island second pre-
ferred, Wheeling and Lake Erie and
the Sloss- Sheffield issues. Contrbut-
ing factors were last weeks favorable
bank statement and the strength OF
Americans abroad. London buying on
balance to the extent of 10000 shares,
chiefly Atchisons and Reading. No
specific news was heard to account for
the improved conditions and general
enthusiasm save in the case of the
anthracite coalers concernings which
there appeared to be a fast increasing
belief fostered in high circles that the
strike is nearing an end. Reading COM
mon was the feature. scoring a net ad-
vance of 5M points, and closing at
the highest figure of the day on trans
actions aggregating over 100000 shares,
or almost one-quarter of the days to-
tai operations.
The other Reading issues made ma
terial gains, as did also LackaWanna,
Delaware and Hudson, New Jersey
Central and the Fries. There were
rumors that the heavy buying of Read
ing common had unwittingly created
a condition savoring of a corner. The
buying of this stock came in large
part from houses supposed to represent
inside interests. To great extent the
strength of the Western railroad
stocks was ascribed to the better out
look resulting from the new agree
ment to advance grain rates to last
springs basis from Missouri river to
Chicago and st. Louis points. Rail-
road returns as reported for July were
in the main satisfactory. Such prop
critics as Louisville and Nashville
Union Pacific, st. Paul, Norfolk and
Western, Wabash, as well as a num-
Der of less conspicuous roads, showed
net increases. Another favorable fea-
ture which was not disregarded by
students of the market was the large
Increase of exports over the CORE
spending period for last year. The list
continuer strong and active to that end,
though the closing save in few in
stances. were not at best prices.
The only unfavorable developments
were the higher rates for call money
per cent. being the maximum figure,
with fractional decline at the close
and further drafts on local banks
amounting to 100000 for the crop
movements in the west and South
west. Much of the days business was
credited to pool manipulation but
there was nevertheless much specuIa-
tive, and speculative interest of a gem
ufne character. On the curb Northern
Coz To-.
Rock Island Company sold higher than
at any previous time. Rock Islands
strength was attributed to heavy buy
ing by the controlling interests. Stocks
of the American Bicycle Company
were weak throughout as a result of
the days developments, the price of
the common stock selling off to Ia,
as against 81 at last Fridays close
Railroad bonds were generally higher
In sympathy with the stock list, par
ticularly the convertibles. Total sales,
par value, $4,630,000 United States rs
and Ss advanced u per cent. on the
last call.
The Total sales of stocks were 1,2Of.-
700 shares, including Atchison, 65. 700;
Atchison preferred, 10000; Baltimore
and Ohio, go 400; Canadian Pacific, 49,
Island, 8.400; Delaware and Hudson,
500; Erie, 59,100; Manhattan, 5,400;
National Railway of Mexico, 10, 900;
Missouri Pacific, 1O,400: Missouri, kan
sas and Texas. $500; Missouri, Kansas
and Texas preferred, 200; New York
Central, 500; Norfolk and Western,
24,700; Ontario and Western, $500;
Pennsylvania, 32.7O0; Reading. 1853, 460;
Reading first preferred, 800; Reading
second preferred. 1e,400; st. Louis and
Southwestern preferred, 6,100; st. Paul,
10000 Southern Pacific, 73.400: South
ern Railway. 1880; Texas Pacific, &C.
100: Union Pacific, 1900; Amalgamat-
ed Copper. 1880; Anaconda, 1900; Col
orado Fuel, 10,700; North American.
Z. 900; United States Steel, 10000
NNestern ffpfon tx 70O