The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-19

the bun party in stocks to-day and the
market cannot be properly characterized
Otherwise than as strong The strength
was decidedly spotty, especially during the
early part of the day. But the tone
steadily improved and the demand for
stocks in the late dealings became rather
urgent
striking evidence of underlying
strength was the indisposition of the bears
TO contest the advance. This was notably
true IN the group of industrial stocks
which was made the target for attack YES
'efday. Thus il VIII be seen that the glI-
cose stocks, the members of the iron and
steel group Peoples Gas and the local
traction stocks, which have of late been
quite Professionally pressed by the bear fac
tioh, all show rather striking gains
Ahother feature of the market was the
Iaet that the stocks which We're picked
OUT to be manipulated for rise did nok
hold their gains we'll, although the advance
seemed TO effect the desired purpose of in
duclng sympathetic strength at other
points In the list. The bidding up of Inc
Nahderbllt group is time honored maneu-
yer among the professionals 30 signal a
pun movement Northwestern. Omaha.
New York Central and the minor Wander
olit an came INTO the movement and the
Union Pacific stocks trailed on as usual
i ne coalers We're also employed a. a lever
IN the railroad list at large the strength
was NOT widely diffused although the gen
eraa tone was quite firm The eranqera
and few of The Southwesterns added 10
ihose already specified, would about COM
plete the list The vigorous tone display-
eu ny sugar and Brooklyn Transit had a
iatge influence. owing to the volume of the
transactions in them. II was noticeable
,hat STOCKS which have been pushed un-
ion to- T,a
paisn were inclined 10 malt TODAY
Inc gains for Louisville, Southern Pa
enc aud the Baltimore and Ohio stocks
are small and Pullman and Great NORTH
efn preferred showed sharp losses on che
day' There was no special development N
strength
There was renewed stringency In the
money market, but there was no actual
feplenishment of New York's dtmipishe
cash supplies. New York exchange AZ ~.
terror points showed continued downward
tendency. Foreign exchange In New York
advanced sharply, causing some renewal
of talk of gold exports. The stmultane-
Gus advance OF sterling exchange here in
fafis ana Berlin indicated the drawing in
ny London of outstanding resources in
preparation for war expenditures. The
meager supply of cotton bills. very unus-
ual at this period. was also factor IN the
strength OF sterling exchange The scare
ity of ship room owing 10 British govern
ments demands for transport service ia
cited as the causes
The market for bonds were moderately
active and showed numerous points or
strength. Total sales, So $50 900.
United States old IS. registered, advance
ed x in the bid price
The total sales of stocks were 1910
shares including Atchson preferred, "a. $50.
Burlington, 9,57 Delaware. Lackawanna
and Western. 1854, Louisville and Nash.
vile, 600; Manhattan 1865: Metropolitan.
7.lo7 New York Central, 7 500; st. Pau.
- III Southern Pacific, 49, 200 Union pa
ciic. 1885; do preferred, .. $50; American
Cteel and Wire, 500; American Toh.e-
CO. l2SS5: Brooklyn Transit. 1895: People's
Gas, 1855; Sugar, 67,sS5; United States
Leather, II .511