The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-27
PAGES 9 TO 10.

and the drift was downward until the
close, which was very generally at the low
point Of the day and at level below
last night The market during the first
hour was conspicuous for the great
breadth of the demand the number OF
stocks which moved being no less than Us.
The aggregate number of shares dealt In
was also very large. Broadly speaking.
the market was a reversal Of that of yes
terday i'm that railroads generally were-in-
clined to react while the Industrial stocks
moved upward. The evidences of profit
taking in the coalers, which were manifest
even In the opening dealings. prompted
selling to realize In the railroad lists.
The outside demand for stocks was very
much increased and Il was this which was
fed by the professional operators who have
been accommodating stocks az the lower
level AZ the same time the vigorous
strength Of Sugar. Tobacco Brooklyn
Rapid Transit. Rubber and other indus
trials aad the continued specula ton i'm the
Leather stocks helped to sustain the list
while the realizing was going on. These
stocks all suffered to the extent from | 10
over points in the late downward move
ment Inside support was manifest IN some
Of the newer industries, which have been
the target recently for bear attack. This
was notably true of the Mailing and Glu-
cose stocks, Mailing preferred leading with
rise of nearly points. OF the low priced
stocks Standard Rope and Irvine was
brought forward with an advance of ~
half of which was subsequently, lost The
iron and steel stocks also received favora-
BILE attention. especially Federal Steel. but
gains in them were no better held than
elsewhere. There was other individual
stocks which were strong at different
times including Atchison preferred on its
September statement of net earnings
Southern Railway preferred aud Chesa-
peake and Ohio.
London was buyer here, though on
smaller scale than yesterday. and ster-
ling exchange yielded a fraction in couse-
quence. Apprehension of on unfavora BILE
showing by the banks on Saturday was an
influence I'm the growing heaviness OF
stocks. New York exchange shows some
recovery at few important in
terror points, but continues down.
ward az others, and the outward
movement of money has not yet
ceased. The banks net loss TO the sub
treasury thus far foots up over 81, 100000
for the week. The rate for call loans drop
ped suddenly near the close to per cent,
but only after the bulk of the days de-
mands had been met at 6iA to Z per cent,
Lenders of money on time hold out FOR
per cent, and exact choice collateral The
fact IS that some of the large interests
operating in the market have been tenders
OF money and are calling their loans for
their own operations I'm stocks
The dealings in bonds disclosed the same
breadth of demand as those In stocks,
many dormant issues being brought into
the trading. Standard Rope and Irvine
incomes rose an extreme 3lk and reacted
two.
The bond list reacted in sympathy with
stocks in the latter part of the day maxi
| ing changes somewhat mixed. Total sales
| 81, $4,000.
United States new As registered and SIS
| registered declined n In the bid price.
! The total sales of stocks to-day were
| 6O50O0, including Atchison, $3.50; Atchison
! preferred, 1856; Chesapeake and Ohio,
| 1850; Chicago Great Western, 5000; Chi
cago. Burlington and Quincy, 15,77O; Rock
| Island, $685.; Cleveland. Cincinnati and
| Chicago, $3.50; Delaware. Lackswana aud
Western, 1000; Louisville and Nashville
| $3.50; Manhattan 32.475 New Jersey Cen
| trial, 5000; New York Central. $3.50; Read
| ing first preferred 81. ITO; Reading second
preferred, $500; Ontario and Western, $780,
! 81. Paul 1850: Southern Pacific, 1870;
| Southern Railway, $500 Southern Railway
| preferred, 20,350; Texas and Pacific, $3.50;
| Union Pacific, 26.S10; Union Pacific pre-.
| ferred $780, Wheeling and Lake Erie
| second preferred, $3.50; American Steel and
| Wire $40; American Tobacco. $3.50:
| Brooklyn Rapid Transit, 3O,55O: Continent
| tai Tobacco H120; Continental Tobacco
| preferred, 5,755; Federal Steel, $500: Peo-
pies Gas. 5,l703 Sugar, 5O450; United
States Leather. 40,2i5; United States
Leather preferred, 1920; United States
| Rubbpr 200