The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-18
STOCKS AND BONDS.
The Tone Flat and DIspirited De-
spite Good Reserves.

The zone tl0t ana Di~plrtteu De-
spite Good Reserves.
New York Nov. 1.-THE stock market
had to absorb very large volume OF SELL
ing 10 take profits on yesterdays rise dur
ing the early hours Of to-day's trading.
The lore of the mlrket for the rest of the
day was rather fiat and dispirited in spite
Of good reserve strength by a few prom
inent stocks and notable advances hy a
number Of rather obscure stocks. The
prodt-taldug was especially noticeable in
Sortlern Pacific aud Union Pacific ana
held hose stocks under yesterdays price
for the greater part of the day. The buy
ing in both Of them was never heless on
a very large scale, blocks Of 1900 shares
and upwards of Union Pacific, making
their appearance frequently in the record
The most copspieucus movement Of The
day vas in the Baltimore and ONO stocks,
the preferred leading. rs extreme advance
was 23sc the closing being reariy at the
TOP. The common stock added Ia 10 its
price for the day.
The various metal stocks had a period
Of strength Otherwise the market was
IA her irregular and disposed to reaction
until a late rally which wiped out many
previous losses. The CHANGERS were com
spcuous In he late movement led by Bur-
lfngton, which rallied an extr me l2s. 80
Vances in The Buffalo. Ro hester and
Pittsburg stocks of 3 70 nts for he COM
mon and 9 points for the preferred the
Ia ter reaching 3 points. United States
mi ling preferred fen an additional 3, maxi
ing 2S12 for two days, and Mailing pre-
ferred lest Sia,
The hesitating tone of the market was
due TO a recurrent anxiety over the show
ing 10 be made by tO-morrow's bank state
ment. This was accentuated by a late
siffening of the cali loan rate TO 8 Ter cent.
on a demand from belated borrowers to
carry over until Monday. The carrier rate
had been oer cent. and fell as low as 8
per cent. The sub-treasury to-day paid out
about 81 000e00 for bonds Offer ed for re-
demption and the sub lreasury's debit bal
ance at the clearing house reflected its
payments for tire same purpose yesterday,
the amount heiug $335l.6l9 But these adj
diuons to current supplies coming late in
the week, win have a diminished influence
on the cesh showing of the banks. owing
10 the system of averages. The net result
of sub-treasury operations other than
these is small. The interior money move
ment by express and by sub-treasury
transfers has resulted In cash net loss
10 he banks of over 100000.
The heavy loan contraction Of the latter
part Of the last week, however, viii lie
partly reflected in this weeks statement,
and wiz help 10 reduce the reserve re-
Quirements. Apparently there has been
some expansion of loans during this week
by the banks with the inflow of funds.
The net result upon surplus reserves is
thus very difficult 70 estimate. Sterling
exchange made further progress upward
to-day and served 10 add 10 the apprehen-
sion thai any actual ease of money at tn S
center would lead to a demand for gold
upon il from abroad. Discounts in Lon
don and on the continent were somewhat
easier and the course of the interior ex-
changes in this country was in favor OF
New York. London sold stocks on balance
In this market The demand from some
Of the low grades and Reorganization bonds
continued to-day at advancing prices. To
tai sales Dar value S2.S75.05O
u. S. new As advanced y PER cent i'm the
bid price. The total sales Of stocks were
500, go shares including Atchison, 1895
Baltimore and Ohio, 6,22o; Chicago Greal
Western, S52o; Burlington, S,417 Manhat
tan, 1880; Northern Pacific, S435; Nilsson.
n Pacific, $3.50; St. Paul, 1850; Southern
Facihc $3.50; Tn on Pacific, 67695; Unior
Pacific preferred, 400; Wabash preferred
N'SS5' American Steel and Wire. $3.50
American Tobacco. u $50; Brooklyn Rapi.
Transit, 2. go; Continental Tobacco, y $50
Federal Steel 30.4SO; Federal Steel prefer
"a, 5,oo0; Pacific Mail. 1885; Peoples Gas
$3.50; Sugar, 3S,lSo; United States Leath-
er, l3,I05; do preferred 20,S60.
New York Stock List.
Atchison ....-... 3 Texas & Pac. e. 1871
do pref ........ 663s Union Pacific =. SOL
1alu. x ohio 54l2 do pref ........ ~
Jan. racine 80. S4s wabash ..........
can. Sou. ...... SO do pref ........ 23l
Ches. q Ohio 2i% Wheel. & l. E.. III
Cen Pacific =. 27is do End pref e. 30
Nhl- Gt. W. -. l4A Wis. Cen. ...... 205
chi. b. q c. 1Sils Adams Ex.. Zip
-. 4ho. * l.. =. lz1s American ........1471
40 pref .....-. AZ United States e. As
en-. q T.. III. 96l2 Wells Fargo LII
=. q y. W. ..lJSs4 Am. Cot. Oil :. 40i
=. Il. /. P...I4A do pref ........ 90
9. G. g. q St L CO.'S Am. Mailing -. 12I
Col. Sou. ....... 81 do pref ........ AZ
90 lst pref A Am. S. e. Ref. $50
do End pref -. 1879 do pref ..... SSs
Der HUI. ..l22A Am Spirits ....
Del. L. & w. 1907 do pref . II
Den d r. G. 2l9s Am. Steel Hoop. Az
DO pref ........ 75h do pref ........ S3i
Erie ..'.......... 1895 Am. Steel & w. 4Ss
DO LIST pref SSA do pref ........ 95
Ct. North pref.174 Am Tin Plate al
Hooking Coal =. 10 do pref . S2
Hooking Val. . IS Am. Tobacco lisa
Illinois Cen. ..1l5B do pref ..,1t9
Iowa Cen. ...... "A Ana. Min. co 4es
do pref ........ GO Brook r. n sSs
K. c. p. & c.. 3 Col. F. & / 5si
l.. T.. & Vest. IS Cont. Tobacco ss5
do pref ........ Is do pref on
Lake Shore .....19g Federal Steel IA
Il. q N. ......... 81 do pref SOs
II Manhattan l.. ..105Ik Gen, Elec. 195s