The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-22
STOCKS AND BONDS.
Another Day with Very Little Trnd-
ing i'm Progress.

New York, Nov. 21-The character Of
the securities market to-day continued
much the same as yesterday. that is. in an
attitude of waiting. There were no signs
of speculative Juror and no large organ
lied buying was In evidence. Such a mar
ket has a natural tendency to gravitate
downward. Selling pressure was not Sc
we're however holders Of stocks being
content apparently 10 retain their hold
ings and wait for the money situation to
work itself out.
The rosy co1ored views Of the influence
to be wrought by the redemption of gov
eminent bonds have apparently been mod
flied. The offerings of bonds at the New
York subtreasury were somewhat larger
again than yesterday but there were no
signs of the great blocks Of tonds accu-
INFLATED by great banking interests, of
which the rumors were heard and visions
were seen last week. Some of the specu-
lators who were demons ira thong for an
advance have been giving out assertions
that blocks of coo and even OF $l8-
100000 in government bonds were 10 be
presented to the subtreasury and the pro-
ceeds used to flood the money market and
force the rate down to point Of ease.
There was no stringency in the money
market to-day, but the money rate stiff
fened suggestively to IA per cent. in the
late dealings, as If to intimate that the
supply Of funds for speculative commit
ments Is stiH restricted to narrow
compass New York exchange at Chica-
go and some other important outside CEN
tiers weakened during the day, the Chica-
go rate falling to par.
Something was heard also of money
stringency to come In London. though the
days quotations failed to forecast any
such event. Money and discounts declin-
ed in London and i'm Berlin and the ster-
ling market here was soft. Money was
stffly held, however, In Paris above the
Bank of Frances discount rate and this
weeks action by that institution Is antic-
ipated with interest. The dullness Of the
stock market was unrelieved except by
professional operations in isolated In
stances. Manhattan was supported and
retrived part Of yesterdays loss. Sugar
on the other hand weakened on denlals
of recent stories of a settlement in the
trade war and Leather took a downward
plunge on liquidation by tired holders
The organized buying in Baltimore and
Ohio preferred and Southern Pacific was
discontinued The following are the prin-
cipal stocks that show advances: North
American. Smelling, Glucose, Lead, Met
ropolitan Elevated Rubber, Cleveland,
Cleveland Cincinnati, Chicago and ST.
Louis, Canada Southern, Chesapeake and
Ohio the Chicago, indianapolis and
Louisville stocks. the Chicago Terminal
stocks Rio Grande and Western pre-
ferred and Great Northern preferred. La
Clede Gas was notably weak with an ex-
IRENE decline Of Az and a rally Of ~.
Profit-taking was in evidence among
speculative bond issues and the tone OF
the market was reactionary Total sales,
par value. 81 $50 600.
United States As registered declined "A
~
price.
The total sales OF stocks to-day were
$50 .2O0 including Atchlson preferred, 9.4S5;
Chicago Burlington & Quincy. 100; Man
haitian, 1850; Southern Pacific. 1885;
Union Pacific, 1915; American Sugar Re