The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-08-01
YELLOW FEVER FRIGHTENED
STOCKS.
Railroad Stocks showed a weakness
on Account of the Excitement.

railroad Stocks Showed a Weakness
on Account of the Excitement.
New York, July 31.-There were a num-
Der of depressing influences brought TO
bear on the stock market to-day and pri es
and the close was strong. Most conspicu-
Gus OF the depressing influences was the
reported outbreak OF yellow fever at the
Hampton, Va, soldiers home. The group
of railroads liable to suffer from the yell
low fever epidemic and subsequent quar-
anines have been favorites in the recent
speculation especially on the part of Lon
don. A setback to them therefore was
calculated to have far-reaching in
huence in the general list Louisville and
Nashville did in fact open down IA and
the Norfolk ana Western stocks, Southern
Railway and Chesapeake and Ohio were
also depressed and ruled below Saturdays
level all day, only fully recovering in the
late dealings.
The exhibit of the Associated Banks in
the Saturdays statement also had some
unfavorable influence in the early deal
ings. a decrease of nearly 12Oy0 tons in
the east-bound shipments Of freight from
Chicago as compared with last week 5
movement had a rather hating effect on
railroads. The effect of these combined
influences was 10 turn the tide of specula-
ton at first from the rail- Dads into the
industrials. The stocks of iron and steel
companies were quite largely bou hit, but
the earliest strength was confined 10 d
few of them, Federal Steel, Tennessee
Coal, Steel aud Wire and American
smelling being exceptions TO the earl!
strength h. Later the entire group was al
lected, gains ranging from / TO 3, the
latter in Pressed Steel Car, American rim
Plate, Amer can Hoop American Car and
Foundry and Amer can Smelling ala 'shar-
ing in the movement
The Tobacco stocks were strong ana
Peoples Gas moved upward on The de
claralion of the quarterly dividend.
There was an early depression In Sugar
on report of an additional comy etition in
prospect, and when this stock rallied
strongly 29s from the low point the last
evidence OF weakness was disSipated. The
strength and activity of railroad stocks
was much augmented in the late dealings,
very heavy blocks being absorbed. There
was con inued buying Of Southern Pac.d
and Central Pacific, which gained about
two points each. Nor hern Pacific, Union
Pacific, Atchison preferred and st. LOUIS
and San Francisco first preferred rose
from one to three points. The coalers were
quite strong throughout and Lackawanna
was conspicuous for an upward movement
OF 612 points. Panhandle rose 3 points.
Serling exchange was notably weak.
actual rates dropping a, and the posted
rates l2c. There was an abundance of COM
lnercial bills in the market for future de
livery against exports and the bankers
sod short bills asa INST these. These and
the continual b. ndins for commercial pa
per OH behalf Of gu side capital tended to
relieve anxiety on the money question.
There was considerable selling of the
bonds of Southwestern railways, which
LOST something in prices. Otherwise bond
prices were unchanged or higher. Total
sales par value. $2,574000. U. S. IS and IS
coupon, advanced 4 in the bid price
The total sales OF stocks were 562 $50
shares, including Atchison preferred, 80,
ia; Central Pacific, $50; Chicago, Bur
lington and quincy, II ,481; Rock Island,
H. 256; Lackawanna, 74Sj; Louisville and
Nashville, 1905; Missouri Pacific, 1890;
Norfolk and Western preferred, 500,
Northern Pacific. 1850; Ontario and West
| ern, 6666; Pennsylvania, $3.50; Reading
| first preferred, 9525; ST. Louis and South
western preferred, 5,225: ST. Paul, 1890,
| Southern Pacific, ~ J40 Southern Rail
| way preferred, 500; Union Pacific, 1900
! American Hoop, 6 05J; American Steel and
| Wire, 1915; American Tin Plate, 1860;
| American Tobacco 5,540; Brooklyn Rapid
| Transit, 126Sj; Federal Steel, 1855; Fed
| eral Steel preferred, >, 1871; North American
| II, 400; Peoples Gas, POO; Pressed Steel
Car, H,795; Sugar, 1906; Tennessee Coal,
| IL, SS9