The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-12-12
II. MYRES.
go Broadway. New York City.
STOCKS BONDS WHEAT.
broad and Nh tenn.d that they are soon
Member N. Y. Consol. Stock Exchange.

broad and wen ceAntd that they are soon
stated.
one leading cause of The weakness was
the large declines made last week, which
wiped out or ntary exhausted margins
on speculative account and the calling for
additional matg ms forced large blocks of
stocks on the marfet. Many were to-ced
TO liquidate, ana there was a ve,y large
contingent whose hopes OF an upward
turn In prices had become exhausted and
who threw over their holdings In disgust,
determined TO await a mere fav rable op-
portunity. The ne WIS OF the heavy reverse
TO the British arms In South Africa helped
10 uusettle his market as II did all the
other markets of the world, London
bought stocks here IN the first hour but
this was Simply to cover sales made ear
Her I'm London at better figure
The character of the interests which
were most acutely distressed was shown
by conspicuous weakness In the highly
speculative industrials Besides the decline
of q points IN Tennessee Coal, there were
losses of 10 points in members of the
metal group, Sugar, Tobacco and the New
York specialties The net loss of Tennessee
Coal ana Iron for the day was 10 points
In the railroads, only few cases occurr-
ed where declines reached over > points
New York Central, Pennsylvania, num-
Der of coalers. Louisville ana Southern
Pacific being conspicuous examples. Kan
sas and Texas was down nearly FONTS
The vigorous and determined support in
Sugar was the turning point in the day 81
market This specially was run up In the
late dealings, AZ POINTS above the low
point, scoring a fun recovery, moi only or
the early dec inc, but Of the quarterly div
idend which was deducted from the price
to-day. There was subsequent decline Of
ia points aud the close was ~ higher than
Saturday. Tho general list closed for the
most part firm at The recovery. Except for
the relief afforded by the days liquidation
the signs of tightness IN the money mar
kes Of the world were undated.
The weakness In bonds was much less
general and acute than in stocks, Total
sales par value SlS900oO.
United States old As and 5s advanced q
in the bid price.
The total sales of stocks to-day were L.
800 shares, including Atchson preferr-
ed, 1850; Baltimore and Ohio, 600;
Chesapeake and Ohio, 1850; burlington,
S0,S50; Rock Island. 1850; Delaware and
Hudson, 5,Sl5; Louisville and Nashville.
1850; Manhattan, S433); Metropolitan, a.
250; Norfolk and Western, 9,400; New York
Central, 1850; Norfolk and Western pre-
ferred, 6,24O; Northern Pacific, 1885;
Pennsylvania, $3.50: 81. Paul, 1850; Read
ing first preferred, 10.250; Reading preferr-
ed, 300; Southern Pacific, t5, 425; Southern
Railway, 6,700; Southern Railway preferr-
ed, 1870; Union Pacific, 1920; Union Pa
cifc preferred, 10295 American Steel and
Wire, A,250; American Tobacco, $4,000;
Brooklyn Rapid Transit, los, 1876; Continent
al Tobacco, 2,350; Federal Steel so,2SS;
Federal Steel preferred 14,352; Sugar, ex-
div, 175 755; National Steel, 6,g75; Peoples
Gas, 10000: Pacific Mail, 6,40O; Tennessee
Coal and Iron. 44,525; United States Leath-
er, 49, 100; United States Leather preferred,
sos; Republic Iron and Steel, 6,650.