The Savannah morning news., 1902-04-26
STOCKS AND BONDS.

New York April 25.-There was a
persistent tendency to-day among the
stocks of grain carrying railroads to
move in a see-saw fashion with the
price of grain. The heavy liquidation
and a violent break in prices in this
mornings grain market sent the prices
of Changers up with a rush, Union Pa
cific leading with an extreme advance
of 2A. The movement spent it's force
when it was seen that good buying
had developed in the grain market at
the decline and that prices were rail-
lying there from the slump caused by
reports of last nights rains with the
forecast of fair weather for tomorrow.
The whote market felt the lack of
the early aggressive leadership of
Union Pacific and during the final
hour there was ragged recession
which wiped out many early gains and
carried prices of important stocks
amongst the grangers, coalers, New
York public utilities and high-priced
industrials below last night. There
was a late advance of the Southern
group marked by very large buying
of Southern Railway at an extreme adj
vance of 1%. Louisville and Nashville
was lifted at the same time rs, and
Chicago, Indianapolis and Louisville
rose 31s over last night, after erratic
fluctuations. This movement seemed
designed to check the decline else
where in the market and when it was
seen to be without effect the Southern
stocks reacted. There was some bid
ding up of the grangers again at the
close which was active and steady.
There was large buying of the United
States Steel stocks during the. morn
ing by brokers usually employed by
the syndicate. This buying seemed
to be in connection with this issue of
- H. = -.
ed and became dull with the rest of
the market. The American Ice stocks
also moved vigorously upwards in face
of the passing of the dividend on the
common and a proposition to issue
debenture bonds ahead of the stocks.
There was a great variety of move
ments among the specialties. Amalga-
mated Copper advanced on the conjec-
ture that the consolidation of the
Heinz interests was preliminary to
their absorption. The stock lost its
gain. Sugar was weak on the pro-
posed investigation of the company's
Cuban holdings by a Senate Commit
tee. The preliminary figures of the
weeks cash movement indicate re-
ceipts on balance from the interior
by the banks of upwards of $4,000, 900
to which is to be added the gain of
1897 900 on subtreasury operations. 1t
is also possible that the early hquida-
ton in the stock market may have
contracted bank loans, although spec
ulative borrowing has been renewed
and large syndicate transactions may
have been in progress.
The activity of the stock market di-
verified interest from the bond market,
but prices there were firmly held. To-
tai salCS. par value, S5,305, 900. United
States bonds were all unchanged on
the last call.
Total sales stocks to- day were 1.400,-
900 shares, including Atchison, II. 200;
Baltimore and Ohio. 500; Canadian
Pacific, 31.100; Chesapeake and Ohio,
$1,000; Chicago, Indianapolis and
Louisville, $4,000; Chicago and Great
Western. $780, Delaware and Hudson,
$500: Erie, 1920; Louisville and
! Nashville. 1920; Manhattan, 500:
Mexican Central, $500; Missouri Pa
cific, &c, 700: New York Central, Is. 400;
| and Western, SO, 100; Pennsylvania,
26, 500: Reading $4,000: Reading second
Southern Pacific. p. ZOO; Southern
Railway, 1995OO; Union Pacific, 10S, 900;
Wabash, 1900; do preferred, %, 100;
Amalgamated Copper, $1,000; American
Car and Foundry 100; Brooklyn, 3d.
600; Colorado, Fuel and Iron, p, 100:
Consolidated Gas. 10000; Continental
Tobacco preferred, 800; Peoples Gas,
e,40O: Pressed Steel, 5000; do preferred
$500; Sugar, 1920; Tennessee Coal
and Iron, 1900: United States
Leather, 800; United States Steel,
"a, ZOO: do preferred, So 400; American
Locomotive. 1890.
Eexx Nori- stack arr Hand List