The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-08-26
LESS THAN HALF MILLION.
Marked Decline in sales in the stock
Market

Market.
New York, Aug. 25.-There was a mark
cd decline in activity in the stock mar
ket to-day. the total sales falling 10 less
than 10000 shares. Repression from for
elgn stock markets reflected here, aud iRs
ereasing anxiety over to-morrows bank
statement were the impelIlng causes of
the heayiness.
FINANCIAL centers in Europe obviously
labor under renewed uneasiuess over the
situation in the Trausvaal Sales for LoR-
don account were sufficient to exercise a
notably depressing influence. There was
an opening squirt in American Tobacco.
which carried II UP TO ~ per cent, but
this was almost Immediately lost The
spcclalueS were weak for the rest Of the
day, Sugar being under severe pressure
at times This extreme decline was ga.
ana It's net loss only about a point less.
Brooklyn Transit ana Manhattan suo-
cumbed 20 the prevailing weakness Ten
nessee Coal did better but saved only IA
traction or rise of over a point. There
was notable buying movement in Union
racine preferred, based on suggestions OF
coming increase In the dividend, which
carried the price above so. Consolidated
Gas Following yesterdays dividend reduc-
ton. ana semi-ohcal intimation that
even me reduced dividend was not earn
cd. climbed up an extreme 9A on the urg-
ent demand from the short interests
Brooklyn Union Gas gained GA There
was continued strength In "A group Of MI
nor Changers, St Paul and Duluth Lead
ing with a rise OF points. Oregon Navl-
CATION, Cleveland, Lorraine ana Wheeling
preferred and Chicago Great Western pre-
Ierred were other points OF strength. Kan
sas and Texas preferred was the only one
or The Southwestern group to maintain
the early show of strength. liquidation
was not urgent In the general list, the
market falling into intense dullness with
the declining tendency.
Inc known movements of money for the
week indicated loss in cash to the banks
of nearly 1880 900. $2,927 600 OF which went
TO the sub-treasury. None of the gold
which went recently to Montreal has been
returned, and no gold has come from the
| sub-treasury on account OF drafts from
| the san Francisco mint. without regard.
therefore, to the possible hidden drain OF
cash, sharp decline In surplus reserve il
probable unless the contraction IN loans
has been much larger than appeared In
| terror exchanges on New York at several
| important points showed declines to-day.
ana there was considerable checking OF
loans. The late decline In the money rate
20 per cent. had little Significance The
rate was quite firm during the day at
about per cent Contrary TO recent ex-
perleuce, sterling exchange failed to weak
en- in response TO the firmness Of money
here, but hardened a fraction under the
Influence of bondon's sales Of scurities in
New York
Dealings In bonds were mostly in the
speculative Issues at improved prices. To-
tai sales par value. 81 10000 United
states new As declined * in the bid price.
The total sales of stocks to-day were 42f,-
O06 shares, including Atchison, 5000; do
preferred, 22S50; Chesapeake and Ohio. 10
lO5 Rock Island. $3.50; Denver and Rio
Grande preferred, 5000; Louisville and
Nashville $685.; Northern Pacific. $500:
Norfolk and Western, $40; Missouri Kan
sas and Texas, $3.50; do preferred, ID, $50;
Missouri Pacific. 7,O35; Reading first pre-
ferred, 1880; st, Paul 8110; Southern Pa
cihc, 1880; Southern Railway preferred.
bo,OO; Union Pacific, 20,36O do preferred.
Al $50; American Tobacco, %, 490; BROOKLYN
Rapid Transit. 24.6sO; Continental Tobac-
co, 5000; Peoples Gas $3.50; Sugar, 80. $50:
Tennessee Coal, GOO