The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-12-29
ADVANCE IN STOCKS
cuoUGH PRICES WERE NOT THE
BEST ALL AROUND.
TALK OF EASTERN TROUBLE
lad IT'S EFFECT ON MARKET IN
STOCKS.

, k,arIket Went Upward on Announce
: ment of Gold Engaged in London
for Export-Feature of Closing
1 WINS Jump in United States Steel.
1 TotaI stock Sales for the Day
100000 Shares.
| New York, Dec. 2S.-Beginning in a
!, komewhat irregular and uncertain way
! ko-day's stock market gained strength
nd breadth and made a comprehensive
tdvance in prices. A reaction on profit
baking in the last hour was followed by
recovery and firm closing, although
krices were not at the best all around
khe electric stocks, high priced coalers,
limited States Express, New York Air
! brake, Realty preferred, North Ameri-
Ian. Colorado Fuel and some of the
stocks of minor railroads were amongst
those which moved upwards from to
no points. This failed at least to over
Rome the hesitation of the rest of the
market caused by the threatening out
hook in the Far East and by the heavy
Iloan expansion disclosed by the bank
Statement published on Saturday,
Iwhile the Stock Exchange was closed.
The market turned definitely upwards
twhen the announcement was made Of
Ieold engaged in London for import
Succeeding engagements brought the
Itotal for the day up to 81, 700, 900 and this
Twas the persistent influence in lifting
tprices of the more prominent stocks
Hand overcoming the doubts caused by
1.-The bank statement. The offering price
Eof 99c for the new Lake Shore $40,-
100000 four per cent. bonds was inter-
Epreted as expressing the opinion of the
thanking community that the per cent
frate for time money is likely to be the
minimum for a considerable time. The
REPORT connecting the Lake Shore with
1.-The new bond offerings of its holdings
Iof subsidiary stocks, especially of
IReadings, was a bullish influence upon
Ithose stocks and also upon New York
ECentral, which rose more than two
hpoints but lost one point of the rise. st.
tPaul made an upward rush of 23s with
Han important effect on professional SEN
Etinent which is inclined to draw con-
Fcusons as to the market attitude of
Eimportant interests from the movement
4 Of this stock.
4 The feature of the closing market
Twas the jump of 21a points in the Uni
n ted States Steel preferred, on very
Eheavy takings. Speculative inquiry
h to be made by the corporation in its re-
port of earnings for the past quarter
which is expected to appear during the
n first week in January. Until its APP
pearance speculation in the preferred
stock is expected to be active.
Bonds Were active and firm Total
sales par value $2,775,00O. United States
bonds were unchanged on the call
Total sales stocks to-day 100000
4 shares including:
Atchison, 29,S35; Baltimore and Ohio,
L, 1916; Canadian Pacific, $50; Chesa-
peake and Ohio. 1900; Erie, 2O,425; ILL
nois Central, 5,625; Louisville and Nash
vile, $780, Manhattan, 6,425; Metropol-
Itan, 1875; Missouri Pacific, 2O,sS0; Mis-
souri,, Kansas and Texas preferred,
N 5000; New York Central, Z 700; Norfolk
land Western, $500; Ontario and West
Tern, 6,e25; Pennsylvania, 51,064; Read
ling, $500; Rock Island, 1880; St
Paul LABS; Southern Pacific 29,25S;
Southern Railway, 1900; Southern
Railway preferred, 1885, Union Pa
cfic, 44,925; Amalgamated Copper, U.s.
$40; Sugar, 1860; Brooklyn Transit, 3D.
O9O; General Electric, $685.; Tennessee
L Coal, APO; United States Steel, S,675;
Steel preferred, 1880.