The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-07-28
STOCKS AND BONDS.

New York, July 27-In spite of, or
probably because of two additional
failures on the stock exchange-E. s..
Hooley & Co., of this city and William
Basset of Boston-to-day's stock mar
ket showed very general improvement
and the situation as whole was view
| ed with more cheerfulness.
The Hooley failure was regarded as
an inevitable sequel to that of w.
L. Stowe & Co., which came last Fri
day. The failure of Mr.. Basset was
wholly uninportant-one of the days
incidents.
The market displayed a hesitating
tone at the outset, many of the rail-
road stocks showing fractional declines.
Slight improvement soon followed, but
prices fell off frem / to points in
the active list with even greater
declines in the specialties as soon as
the Hooley failure came out. Evans
Vile and Terre Haute, a Hooley spec
ialty, declined 91s points and the en-
tire list reflected considerable con-
fusion. By the end of the first hour
the situation seemed well in hand and
the prices advanced save in a few
instances where pressure continued to
be directed upon certain stocks.
The Basset failure, announced at
noon, excited hardly any attention. So
far as could be learned Mr.. Basset had
no outstanding contracts in this city.
Further improvement was shown by
the market in the late session, even
Evansville & Terre Haute recovered
all, but a point of its early loss, Des
Moines and Fort Dodge and the Hool-
ey stocks gaining 4 points.
While somewhat irregular at the
close the list showed number of
material net gains.
A few of the high class industrials
made gains, notably the WESTINGHOUSE
issues, points; General Electric. 8;
United States Steel common, IN and
the preferred IL.
On the other hand some other in
dustrials finished the day with severe
declines. Shares of the Rubber Goods
Company and the United States Rub
Der Company in which the firm of Tai
bot ]. Taylor & Co.. is said to be in
terested, sold at better prices.
The assignee of Hooley & Co. would
make no statement for publication and
it was impossible to learn the extent
of the obligations. In conservative
circles the firms liabilities are placed
at $4,000 900.
1t is known that Hooley & Co. had
offers of help from high quarters, but
deemed it advisable to decline.
The firm of Hooley & Co. organized
in June, 1902, consists of Edwin HooIey.
Frank e. Brumley and Norbert Helms
heimer. They acquired control of
Evansville & Terre Haute two years
ago.
Hooley and w. L. Stowe were the
dominant figures in Des Moines, leased
to the Rock Island road In 1887 for
eighteen years.
The market closed quiet and steady
and only slightly below the top level
The bond market continued irregu-
lar, although there was good demand
for some issues. Total sales, par value
$S,225,000. United States bonds, ali
unchanged. Total sales Of stocks to-
day were $4,000 shares, including
Atchison, $4,000: Baltimore and Ohio
1900; Canadian Pacific, 1900; Ches-
apeake and Ohio. 1000; Chicago and
Great Western, g., 900; Erie, 26,2OO; do
first preferred, $500; Louisville and
Nashville 5.40O; Missouri Pacific. 20
100; New York Central. 1900; Penn
sylvania, 46.6OO; Reading. 50 800; Rock
Island, 1880, st. Paul, $4,000; South