The Savannah morning news., 1903-04-18
STOCKS AND BONDS.

New York, April 17.-Prices of stocks
achieved a pretty comprehensive up-
ward movement to-day, but at the
higher level the market showed it.
self very sensitive to the unfavorabl
erect OF violent slump in Metropol-
ltan Street Railway, as it did on We'd
nesday to the sudden drop in Man
haitian, when a strike first seemed i'm
minent.
To-day the market displayed much
greater resiliency and the final re-
covery when the decline was checked
in Metropolitan Street Railway was
rather violent in some cases. The re-
action had practically wiped out the
advances, but some conspicuous stocks
rallied almost to the top level in the
last few minutes of the trading, and
the closing was strong in an irregular
way The days movement of prices
was largely professional, but was evil
IDENTIFY backed by large resources and
by confident operations This was
clearly shown by the aggressive way
In which prices were bid up at the
last against the shorts after their raid
upon the market. Belated covering of
some large short accounts was in evil
dence and was an important factor
IN the strength of some stocks. The
advance in the market seemed to have
come to pause before the sudden
drop in Metropolitan Street Railway.
and prices gave way quite readily in
sympathy with that movement
There had been evidence all day of
a long supply of this stock in the mar
Ket, and the bears planned their fierce
raid with the purpose of uncovering
stop loss orders and dislodging long
stocks. The price fell rapidly 81
points, but the subsequent rally wiped
out PA points of this loss. Metropoli-
tan securities fell an extreme 5h and
rallied 4 points. The loss in Third
avenue extended to 81 on compare
lively light dealings, and there was
no transaction in the stock after the
market rallied. Manhattan continued
firm, and turned strong rising 23s over
last night at one time in spite of the
vote by employees in favor of strike.
Some of the standard railroad stocks
were comparatively late in coming into
the days movement and there was an
unusually large number of industrials
embraced in the advance. Colorado
Fuel and General Electric made gains
of 5R, Peoples Gas advanced 2H. lust
at the last, and the list of / to 2-point
gains amongst the industrials was a
long one. General considerations APP
parently ruled the speculation The
figures of the weeks grain exports
were somewhat disappointing, showing
an increase over last week of wheat
Of 344,492 bushels, but a decrease in
corn exports of nearly a million BUSH
els. Sub-treasury operations indicate
gain by the banks on that account
of $1,633. 000 and it is estimated that
this figure will be expanded by about
$1,O0O,O00 from other sources In view
of the stock market liquidation con-
siderable loan reduction is confidently
expected in to-morrow's bank state
ment.
Bonds were firm and were little af-
fected by the late furry in stocks To-
tai sales, par value, So. SOS. 900. United
States new As advanced u per cent.
on the last call.
Total sales of stocks were 755, 700
shares, including Atchison, 80, 500: Bal
timore and Ohio, 81 500; Canadian Pa
citic. 1900; Chesapeake and Ohio, $500;
Erie, $4,000; Union Pacific, 81 100:
Wabash preferred, 5000; Amalgamated
Copper, 27.10o; Smelling, 10000: Brook
Ign, II 900; Colorado Fuel. II 900; Louis
Vile and Nashville, 10000: Manhattan.
1890; Metropolitan Street Railway,
40, 500; Missouri Pacific. $4,000: Norfolk
and Western. 5000: Ontario and West
ern, 500; Pennsylvania, 43, 300; Read
ing, 24,200: ST. Louis and San Fran
cisco, 500; st. Paul, $500: Southern
Pacific, 2S,100, Southern Railway, 400;
Southern Railway preferred 200: Texas
and Pacific $500; Peoples Gas. $500;
Sugar, 7,400; Tennessee Coal and Iron.
$500; United States Leather, 1O.700;
United States Steel, 12,7O0: United
States Steel preferred, 1880; Rock
Island, 25.900.
New York stock nud Bond List.
Railroad Stocks.
AlCHlSOn .........- .....- .......... S1eh
Atchison preferred ............... 97K
Baltimore and Ohio ............. 92K
Baltimore and Ohio preferred .... 80
Canadian Pacific .............130
Canada Southern .................. 20
Chesapeake and Ohio ......... 44k
Chicago and Alton .......,........ 301s
Chicago and Alton preferred $500. SO
Chicago and Great Western ..... 22as
Chicago and G. w. A preferred =. II
Chicago and G. w. B preferred :. 81
Chicago and Northwestern .... 1901
Chicago Terminal and Trans. -. 1854