The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-07-13
STOCKS STRONG.
Leading Issues in Good Demand aud
Transactions Large

Leading Issues in Good Demand aDd
Transactions Large
New York, July 12.-The stock market
showed continued strength to-day and buy
ing by professional operators was on
large scale. There was a good demand
from outsiders through commission houses
al the opening encouraged by the rise in
prices yesterday, and yesterdays profess
sional buyers werc free sellers 10 realize
while this lasted
The market then came 10 the customary
halt after such process before taking up
an advance An eager demand developed
for Missouri Pacific and affected nearly
all the Gould Southwestern group In SYM
pathy. Not only the stocks, but all the Sc
curities of this group of railroads were
affected. Missouri Pacific held the leader
ship of the market throughout the day and
made late advance TO 4S3s, an extreme
rise OF ? points. The motive of this buy
ing was the Wall street rumor of plans
for merging the various railroad properties
in the Southwest in which the GOulds are
interested Good buying set in early for
the Changers, Pacilics and Atchison pre-
ferred and after midday New York Cen
tral was suddenly pushed up an extreme
22s.
Large buying of Pennsylvania at an ad-
vance of IA seemed to be associated with
the New York Central movement, but an
attempt was made to connect the latter
with Union Pacific and Northwestern by
manipula ing the price of those two stocks
All of Northwestern's gain was suisse
quently lost The manner in which The
buying demand progressed through the
railroad list, together with the upward
tendency in Sugar, prompted the profess
sionals TO attempt a movement in the in
dusJrial stocks, Leather preferred, Ma
Iional Steel, Tin Plate, Federal Steel and
General Electric We're bid ID between one
and two points and New York Air Brake
made a characteristic upward dash of 10
points. Mexican Central rose quite con-
spicuously 212 per cent. under the SEMI
mental influence Of the opening in New
Y ork of subscriptions for the New Mexi-
can refunding loan. Sugar, Manhattan
and Brooklyn Transit dropped sharply
from top figures and many of the gains
in the iudustrials were practically wiped
out Prices of the railroad sagged consid-
erably from the top and the closing of
the market was decidedly heavy, net gains
being only partly retained. Philadelphia
company stock. after selling at SO sud
denly dropped to 50 in the late market.
The money market was easier to-day
and confidence is felt that the supply VIII
become still more abundant at a very ear
ly date. Several large loans for the pur
pose of new industrial hotations are now
released and the banks are gaining mon
ey from the sub-treasury.
The bun traders are talking of a very
favorable bank statement on next Satur-
day, although the per cent. rate for
call loans which held for the greater part
of the day does not indicate a plethoric
condition as yet The New York stock
market received some support to-day from
London, in spite of the continued heaVi-
ness there in other departments, but
sharp recovery in British consols and
French rentes late in the day, the fan
in the price of gold in London and the
advance in sterling exchange rates in Pa
ris and Berlin to-day indicate a relaxa-
ton of the money market pressure in Lon
don.
There was a good business In bonds to-
day, ST. Louis, Southwestern seconds
leading the market. Total sales 50, 800 O0O
L. S. IS declined 4, and the IS registered
a. while the old As registered advanced a
in the bid price.
The total sales of stocks We're 643 .292
shares, including Atchison 5000; do pre-
ferred, $3.50; Cincinnati and Ohio, 21,6S);
Burlington 1900; Louisville and Nash
vile, 49, l25; Manhattan, 20,AS5; Mexican
Central $40; Missouri Pacific 43 625; Mis-
souri,, Kansas ana Texas preferred, 5000;
New York Central leo; Northern Pa
cidc II ,445; Rock Island 1860; Union
Pacific, 1920; 81. Paul, $3.50; Texas and
Pacific. 5000; Union Pacific preferred. H.,
Coz; Wabash preferred, 5000; American
Steel and Wire, IL 600; Federal Steel, IT,
G83: Brooklyn Transit, $500 Continental
Tobacco, 500; Sugar 2G,125; Tennessee
Ccal and Iron, 1910 S.. Louis and South
western preferred. 1900.
New York Closing S ocks-West.
Atchison .... 20 st. Paul ........132 +
do pref. ....... 60 do pref ........t741sI
b. & O. ......... 1874 81. Z. & ON. les
Can. Pa ....... 979s do do pref. .175
Can. So. ...... b3 so. Pa. ......... 81
Cen. Pa. ........ p 80. Ity. ........ 115sI
c. q O. ......... ISIS do pref ........ 521s
c. q Alton ..150 T. & Pa. .....!.. 221s
c.. B. & Q. Ibis I'm. Pa. ........ 49,
c. & Il. H. 90. 73l4 do pref ....... 773s.
do pref ......i21 Wabash ..... -. "a
G. c. w ...... 142z do pref ....... 23is
c.. Ind. & l.. . 9ia,W. & L. e. e.. ST.
do do pref go. 20 do do pref. .... 2ih
c. & y. w .1l0a4 Adams Elk ......11l
do pref. .......194 Am. Eek. .......137
c. c. c. & ST. l.. 5SA United States IS
do do pref. .... 9Sl2 Wells Fargo ....125
d. & Hudson .1231a A. Cot Oil w 80
D.. L. & w. ..l69 do pref. ........ %
ID. & Rio q. .... 211a Am. Spirits ...... g.;
do pref. ....... rs 90 .ref. ...... 20
Erie new .... 1888 Amer. Tobacco 95i5
do 1st pref. .. 37lsi do pref. .......142
Fl Wayne .....1Sf Cons. Gas. ....1g3
G.. n. pref. .....'49l I'm. :. 90 ....lS3
III. Cen. .......115iz c., +. e Iron 90. 45N
L. Z. & W . 10 do DO pref Jos
do do pref. zee. n Gen. Electric .llSiJ
Lake Shore 200 IIaw Conf Co. 10
L. & n. ........ 721S Brooklyn r. r. 1l5A
Man. l.. ........11Sia Intnl Paper . y
Met. ST. Ry. ....22312 do pref. ...-.... 79M
Mich. Cen ......l11 iLaClede Gas .... 81
NJ. & St l.. 49,. 542a Lead &C.,. ........ 22lz
do do Let pref. 90is do pref. ........1Is
Mo. Pa. ....... 4734lNat. LIN. oil 49,
NJ. & O. ........ 20 Pa. Mail ....... As
NJ. X. & T. zee. y lFoop.es Gas .1i7H
% pref .... 3i5s Pun. Palace ..lC0
y. }. c. ........1lS Sill Certificates 60