The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-25

to-day of large issue of a Canadian loan
soon, as also 81 200, 600 in West Aus
tralian treasury bills. The Paris bourse
was hrm The Berlin market was steady.
Dutch exchange had fallen sharply.
New York, Sept. 24.-The reactionary
spirit resumed full sway to-day in the
stock market after brief period of high
er prices during the morning, due to SYM
palhy with sugar which advanced at one
time two points over last nights close
Sugars strength was due to the belief
that the treasury department would de-
eide that Holland was in effect paying an
export bounty on sugar ard that counter
vailing duty would therefore apply 10
Dutch refined sugars. The rise in Sugar
and some strength manifested by Man
haitian, served to raise the general level
of prices to fractional extent but proved
inadequate to sustain them, and the fan
for the remainder of the day was continu-
Gus, though more rapid at some times
than others. There was nothing in the
news of the day TO account for the decline
all the reports of railroad earnings con-
tinuing TO show large increases and ad-
vices of the growth of business activity
being uniformly encouraging from all
points. The outside public. however, had
apparently ceased to buy and the LARGE
| bun operators were no longer willing TO ac-
cept the heavy offerings of stocks made
to them. Proft-taking was the order of
the day. The market was dun compared
with the recent tone, but the decline was
unchecked. The bear interest was well
defined, and was constant in activity dur
ing the day.
The situation of the money market con-
tinued to attract interest. The features
Were the trmness of call money on the
| basis of per cent, and considerable ac-
Uivity in the time money market The
exchange market also hardened, actual
rates advancing about 4 in response TO
| the gold shipments now on the way to this
| country. Remittances to the interior have
! continued on a aIg4 scale, and to-mor-
rows bank statement is expected to show
| large additional decrease in the surplus
| reserves.
The banks and the sub-treasury have
! been able 10 meet all demands thus far
/ for currency, but the demand upon then
/ IS large and promises to increase. The
treasury at Washington found itself I'm.
able to accede to the request of a loca
/ banking firm, which had received a con.
signment of gold at San Francisco to its
| credit 10 be allowed to withdraw LEGAL
tenders from the sub-treasury in New
York. upon the deposit of the god in San
| Francisco.
The stocks Of soft coal roads which have
failed to share in the late Improvement
owing to the miners strike, showed some
activity to-day, and were comparatively
steady. The net losses run all the way
from fraction to seven points, the lat
ter, Consolidated Gas but in the large ma.
jority of active shares ii Is between and
points.
The total sales of stocks to-day were
52l,20 shares, including: Atchlson prefer.
4 red, 1920; Chesapeake and Ohio, 600,
Chicago Burlington and Quincy, 80 POI,
! Hooking Valley, 6,770; Louisville and Nash
vile, $40; Manhattan, II $50; Missouri Pa.
cific, 14,450; Northern Pacific, S,275; do pre-.
| ferred, 1920; Reading, 19,02O Rock is.
land, 22,550; st. Paul, 1920; ST. Paul and
Omaha, 500; Union Pacific, i1,O2J; Uhior
Pacific, Denver and Gulf. $3.50; Bay State
Gas, g. 1870; Chicago Gas, 800; Consolidated
Gas, 200; Sugar, 7O,470; Tennessee Goa
and Iron, $3.50; Western Union, II .963
Chicago Great Western, 13,625. Bonds
were weak in sympathy with stocks on {
greatly diminished volume of transactions
| Total sales, $1,70700O. United States 4.
registered were &c higher bid and the 5.
"A per cent. higher.