The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-04
STOCKS AND BONDS.
Opening Animated, But Reaction
Came Later On.

came Later On.
New York, Nov. 5.-The opening dealings
in the stock market were very animated,
and the course OF prices was upward. Con-
tinuei activity by the various pools was
apparent IN the stocks. which have ad-
vanced within the last few days. Heavy
realizing was in evidence at very early
period in the trading. the snap being soon
taken out Of the upward movement The
volume OF the selling was much below the
best prices, but the demand also fell off.
end support seemed to be Withdrawn from
the manipulated specialties. The course
Of prices was generally downward for the
rest OF the CAV. One or two efforts We're
made to check the decline, but without
, eTs9t effect
The bears made no great demonstration
until the final hour when prices touched
the low point of the day. Covering by the
shorts ra,iicd prices. but they were not
Well held. and the closing was "a ther ir-
regular and very duI The general level
Of prices is lower on the day but there
aye few exceptiOrs. United States
Leather continued a consrlcuous figure in
the speculation, ard was rushed up an
extreme 81 points to S92s, and closed "a be-
low that
The preferred stock parted company
with us Junior offer a rise of nearly q
point and was decidedly weak for the
rest Of the dav. declining an extreme 32s
with final rally Of q. Dealings in South
eru Pacific continued on very large
scale but the stock at no time rose more
than Is above Lost nights level Sugar
dropped a point, rallied two and fell again
below last nights level Manhattan, on
the contrary, rose over a point. but fell
again to H. and rallied but feebly. Stand
ard Rope opened up rs. and then turned
downward an extreme pa Brooklyn
Transit also developed weakness early in
the day and went below 50 at one time. In
tho first five minutes Of trading over H.
eco shares Of Chesapeake and Ohio came
on the market with only slight impress
sion on the price. These examples indi-
cate the prevalent disposition to take prof
its for the long account The majority
of railroad stocks was siugularly neglected
with the exception of some early demand
fo- the Scuthwesterns which gave way in
the late weakness. During the first two
hours of trading there were but two trans
actions recorded in st. Paul There was
some selling for London account, but 81
was well absorbed during the early period
of streneth in this market.
The reactionary tendency was due to the
growing apprehension of an unfavorable
bank statement Tomorrow Money was
not stringent but was firm al to 8 per
cent The banks have lost on sub treasury
operations some $2.s3l.O0O after allowing
for. receipts Of Sl,ooo oc9 in gold and gov
ernment interest payments. and including
$4,000 DEPOSITED at the sub-treasury for
transfer to the interior According 10
statements compiled by the leading banks.
they have made net shipments TO the inte-
rior by express Of nearly S200 .000 This
would indicate q net loss to the banks in
cash Of over $500 90. The clearing house
institutions have called loans on n large
. he al q /,
casA Is offset IN part at least Last sat
urday's statement was believed 10 have
made more favorable showing than was
warranted by the actual condition Of the
banks and the vagaries of the average
system may throw some OF the unfavora-
bic factors over IN this weeks statement
The bonds, after some early show Of
strength, yielded Ia sympathy with stocks
Total sales par value s. $4,000 United
States rs. advanced &c the SIS &c. and
the new as &c, in the bid price.
The total sales Of stocks were 635 zoo
sha~es, including: Atchson preferred O.
925; Chesapeake and Ohio 20175: Chicago
Great Western $50: Burlington. $3.50:
Manhattan, 2o650; Missouri Kansas and
Texas preferred. CLEO; Ontario & Western.
5,225 Reading first preferred. 5340: South
ern Pacific, i22 7a5; Southern Railway. 5 =
0oo; Union Pacific. 5000; Wheeling and
Lake Erie, 1867; American Steel and Wire.
9.n2 American Tobacco. 8 0d0; Continental
Tobacco, s.0g5; Federal steel. TO- 500: stand
ard Roe and Irvine, 1905: Sugar. 29.35O;
United States Leather 1865; do prefer
red, q, 1888.
New York Stock List.
Atehison ........ 2295 U. Pacific ..... 471b
DO pref ....... 6g3s do do pref ... 1879
=. 4 OHIO .,.... SPA Wabash ........ 81
Can Pacific 80. 50 do pref ANN. %
Can. South So Wheel q L. E.. ~
&. 4 ohio ....... 2SAl do do 2nd pref 81