The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-07-27
NO FEATURE IN STOCKS.
Some Strength Displayed in Advance
of Individual Group, But Nothing

some strength Displayed in Advance
of Individual Group, But Nothing
Else.
New York, July 26.-There was not much
change in the character of the trading in
securities to-day. There was a period
when the market made some show of
strength in sympathy with an upward
movement in a group of individual stocks.
but violent slump of American Mailing
was sufficient 70 put an end to the rise
and wipe out pretty much all of the pre-
vious gain.
General Electric rose IL on the opening
quotation, Pennsylvania showed signs of
strength early and there was a conspiC-
uous absorption of Rock Island which was
attributed to the operation of a pool.
Buying from the same source was sup
posed TO account for the advance of IL. in
Peoples Gas ana for the vigorous upward
movement in the Gould Sou hwestern
stock.
The st. Louis Sou hwestern issues were
the most conspicuous as to activity, the
preferred rising IL. Kansas and Texas
common advanced nearly a point, the pre-
feried about points and Wabash pre-
ferred IA
At the same time Chicago and Eastern
Illinois jumped points. Wall streets ex-
pianatlon was that ST. Louis Southwest
ern was TO be acquired by the Chicago
and Eastern Illinois and the combined
properties then absorbed by Rock Island.
President Edwin Gouid authorized a de
NAL that he contemplated selling his hold
ings in St. Louis Southwestern. Utter
ances to the same purpose by Rock Island
officials were published. About the same
time came disclaimers from the Ogden
Gas Company interests that they con-
template selling out to Peoples Gas and
Peoples Gas lost practically all Of the
gain. There was a violent break of 81
in American Mailing preferred and pa in
the common, which completed the I'M
settling of the market.
Prices dr1ted 10 the lowest of the day
and were moi much affected by a squirt
i'm the late dealings in Lake Erie and
Western which rose on the common 1la
and in the preferred points. Am rican
car preferred was also marked up -.
New York Central was decidedly heavy
all day and lost over a point net ST.
Paul, Minneapolis and Sault ste Marc
common was conspicuous for a rise of
1ss and the preferred advanced a POM.
The money market was inclined 10 firm
ness and there was some calling of loans
which neCessitaJed a shifting, though no
great difficulty was found in securing ac-
commodation.
Much doubt is st.ll felt as to the ex-
tent OF The demands which viii be made
upon New York to move the crops. Dis
counts in London were rather advanced
and the Bank of England continued to buy
gold in the open market hes -des receiving
cons.gnments from Germany Sterling
exchange in New York responded with a
fractional decline.
The Southwestern railroad mortgages
showed some streng h in sympathy with
stocks, but Otherwise bonds were dun and
rather heavy. TOTAL sales par value
s., SOS, 600
U. S. S's coupon declined 4, but the new
as registered advanced 4 and the Old As
Is in the bid price.
Sales, 254,9OO shares. including Atchison
preferred, $3.50; Chicago. Burlington &
quincy. 6,450; Chicago & Rock Island, 49,
235; Missouri. Kansas & Texas, preferred,
12,3 $50; New York Central 1879; Pennsyl-
vania, 0,24O; ST. Louis & Southwest ern,
$3.50; do preferred, % 900; ST. Paul, 1O4lO;
Brooklyn Rapid Transit. 1880; Peep
Gas, S645; Sugar, $3.50.