The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-06
MARROW AND APATHETIC.
But Handful of Stocks Gave Market
BuOyant Tone.


New York Sept. 5.-The buoyant tone
of a handful of individual stocks gave
an appearance of considerable strength
and activity in the stock market. but out
side these few stocks the market was mar
row and apathetic 10 the last degree.
Shortly after the opening Northwestern
was marked up sharply. and the usual re-
spouse was made in other members of the
Vanderbilt group Union Pacific also fol-
lowing the lead.
AS was the case last week, the heavy
offerings of Union Pacific brought out on
the advance checked the enthusiasm Of
buying, and operations in that particular
group were for the most part discOntin-
ued. Northwestern's extreme rise was
AS, the preferred points above the pre-
vious sale, Omaha 2 New York Central
and Union Pacific over a point. Chicago
and St. Louis stocks advanced from 1l2
to points on a rumor that judicial aid
was to be sought to enforce asserted rights
to dividends The Coalers were in good
demand, Lacka wanna leading with a rise
of 312. Gains in this group were nor
maintained entirely. Other railroad
stocks which rose a point or over were
ST. Paul preferred. Colorado Midland pre-
ferred, Wheeling and Lake Erie second
preferred, Hooking Valley and Chicago
Great Western preferred and b stocks.
Transactions elsewhere in the railroad
list were quite insignificant. There was
slight response in the early dealings to
the depression in the London market. The
bulk of the trading was in the more VOL
atile specalties. Tennessee Coal was the
most conspicuous figure in the days mar
ket. After dropping a fraction it was as-
gressively lifted up successive stages 3
full points, and closed a los, the top
price. Colorado Fuel apparently sympa-
thzed with its movement and rose an eX-
treme 53s. There was good demand for
Republic Steel at an advance of 2l2 and
Federal Steel rose a point Otherwise the
iron and steel stocks showed but a slight
response. The New York municipal
stocks, including both the gas and trac-
ton stocks, were quite buoyant, and show
gains of from 2d5 points, the latter in
Metropolitan. American Tobacco rose an
extreme 3 points and Sugar 1h.
Rates for call loans were firm at per
cent. or over, and the first deposits or
money at the sub-treasury for shipment
to the South, amounting TO ylO),00) were
made this morning. The announcement
last week of the withdrawal OF a promi-
nent trust company from the clearing
house privileges. with its decision 10 dis
continue the practice of charging for the
collection of outside checks, has brought
the subject prominently into notice. one
effect evidently will be to shift part OF
the demand for money to move the crops
from New York 10 other cities which
have increased their deposit account by
the deposits of Eastern and Southern
banks
The bond market was quiet and changes
were small and mixed. Total sales par
value $l,555o00.
United States bonds were unchanged in
bid quotations.
Total sales stocks were as, 900, including
Atchison, 1880; Chicago and Northwest
ern, $3.50; Cleveland, Cincinnati, Chicago
and ST. Louis, 500; Louisville and Nash
Vile $3.50; Missouri Pacific, G,551; New
Jersey Central, $500; New York Central.
$3.50: Northern Pacific. 5000; Pennsylvania,
5.4OO; ST Paul. 9625; Southern Pacific g.
$50; Union Pacific. 2O.320 do preferred, H.
AS; American Tobacco, 3470; Brooklyn
Rapid Transit, 1880; Colorado Fuel and
Iron, 1880; Continental Tobacco, 6,775;
Federal Steel. 1000; Sugar. 1850: Repub-
lie Steel, p. 4so; Tennessee Coal and Iron.
%, $50
New York Stock List
Atch.son ....... BPS Sou. Ry. pref d. $50
Atchison pre- !. 60 Texas & Pac. !. 2pA
Doff G. a E4ft linton porfTp