The Savannah morning news., 1903-07-30


for stocks nevertheless sshowed signs
of satisfaction, and the selling though
light was sufficient to force prices back
wards again.
The bargain hunting element, of
course, declines to follow an advance
in prices. The recovery has reached
sufficient dimensions to induce some
profit-taking also by the speculative
buyers for a short turn twho We're so
fortunate to get in at last weeks low
prices 1t is an inevitable consequence
of such a period of liquidation with
little sustaining power in the market
that strong class of holders should
have been able to hold through the
weakest period by agreement between
themselves and their creditors in order
to save needless sacrifice to both by
forced liquidation of collateral. The
opinions of prominent bankers on the
situation impaired yesterday to the AS
ISOLATED Press made an impression
upon the financial district, especially
the tone of warning adopted by one
influential banker that the commercial
and industrial interests of the country
may have to undergo later an expert
ence of liquidation like that through
which Wall street has just been pass
ing. There was a distinct relaxation In
the time money market to-day. Loans
carrying over the end of the year
were offered with freedom at 5h per
cent. Cash is accommodating at this
center from various sources, and 1t is
expected that the bank statement will
at last reflect the heavy liquidation in
a loan contraction. The wide move
ments in to-day's market were con-
fined to specialties under the influence
of special causes. The days net
changes are not important, the earlier
gains having been rather more than
wiped out by the reaction. The Atchi-
sons were conspicuously pressed for
sale.
Inactive investment bonds were mar
keted at some wide concessions. The
market generally was irregular.
Total sales. par value, S2,565, 900.
United States bonds We're unchanged
on call.
Total sales Of stocks were 5O2,5Oo
shares, including: Atchfson, S2,10O;
Baltimore and Ohio, 10000; Chesapeake
and Ohio, $50; Erie, 1880; do first pre-
ferred. S,140; Louisville and Nashville,
1900: Missouri Pacific, 1860; New York
Central, $500; Norfolk and Western, D.
500; do preferred, 140; Reading, 22,500;
Rock Island, 40.165; st. Paul, 2291o;
Southern Pacific, As, 420; Southern Rail-
way, S,110: do preferred, 521; Union
Pacific, 1910; Copper, 23,615; Brooklyn
Transit, $3.50; Tennessee Coal and Iron.
S,210; United States Steel. 1926; do
preferred. 1928.
New York stock Hun Bond List
Railroad Stocks.
Atchlson ...... ................... 62%
Atchison preferred 49,. ........ SSA
Baltimore and Ohio .......... 1884,
Baltimore and Ohio preferred =. s5ss
CANADIAN Pacific ................ 122%
Central of New Jersey ..... 1901
Chesapeake and Ohio ...... .....a 80
Chicago and Alton ............... %
Chicago and Alton preferred -. 65M
Chicago and Great Western -. l53s
Chicago and CT. w preferred 80
Chicago and Northwestern 49,. 1866
Chicago Terminal and Trans. =. IL
Chicago Term. and T. preferred IS
c., c., G. and ST. Louis ......... 72H
Colorado Southern .............. 1881
Colorado Southern list preferred So
Colorado Southern I'd preferred :. 22N
Delaware and Hudson .......... 1875
Delaware Lack. and Western :. 242
Denver and Rio Grande .......... s23A
Denver and Rio Grande preferred 70
Erie ............,..s... Zyds
Erie LIST preferred ............... 68B
Erie I'd preferred ..... ....... so
Great Northern preferred ...... 40
Hooking Valley ...... ........... "a
Hooking Valley preferred ........ 80
Illinois Central ...... ............ 1872
Iowa central ...... .......s---... Is
Iowa Central preferred ......... 3fh
Kansas City Southern ........... %
Kansas City Southern preferred 30
Louisville and Nashville ,....... Jos
Manhattan l. ...... ....-......... 1874
Metropolitan street Railway -. ilSN