The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-12-05
AUSTIN r. MYRES.
go Broadway, New York City.
ST0CKS-BO ADS-WHEAT.
Member N Y. Consol Stock Exchange.

seemed 10 be 70 resiiency at any point
in ire market There was some earsy
strength in Burlington. some OF he iron
end steel stocks, Pacific mali, Great
Northern preferred ana American Linseed
Pr ferred. but with the downward courEe
begun there was pract cally no interrup-
ton ana the cs NJ VS. at the lowes,
the majority Of active stocks showing
ret losses of a p int or over
Sugar was conspcuously weak and Is
over three points lower on the day. There
was some shoIt sci ing among he indus
trials on the strength of The supreme
Court docis on. lut that profit taking was
large for the long account was very man
itcst from the marked weakness In stocks
which have recently advanced notably the
trunk lines. the Pacific and Sugar. The
psehCnsion over money affahs tuned
principally to foreicn centers, especially
70 Berlin and Paris. The advance in the
sterling rate at those 20 nts TO very near
the gold export level marked the influence
Of the Bank Of England's measures 10 at
tract funds. The sterling exchange rate
In New York so advanced, but the money
rate. both in Paris and Berlin remained
quiet, contrary TO the fears OF the spscu-
fative world. The stagnaton of specula-.
ton al those ccnters puot ably had TO do
with this result, In New York, ON the
contrary, the money rate stimened as the
day progrf ssed and furried to l2 per cent.
az which point it closed
No leans were made below 6 per cent.
Some Of the borrowers, counting upon an
easy money market following Saturdays
strong bank statement delayed supplying
their needs until tate I'm the day and SO
bid up the rate. The strength OF Satur-
days bank state ment IS seen to be trace
able 10 a single Institution, as was The
case last week. Moreover suh-treasury
operations, from which The whole Of las
weeks cash recuperatious was derived
show a gain by the sub-treasury at the
expense of the banks since last Friday of
$lzH.0O0. Offerings of bonds for redemp-
ton az the sub-tTeasury have fallen o 80
low point as to afford only a slight Off
set TO the abs rptcn Of funds In the tak-
ing up Of sufplus revenues. on tire other
hand interior exchanges moved slightly
In favor Of New 70 k. The speculative
public, however, has aba ndoned the hope
OF any easier money conditions until af-
ter The end Of the year.
Railroad bonds were easier in sympathy
with stocks. United States - new is ana
IS advanced Il, and The IS and Old As cou-
pom u In tie bid price. Total safes par
value, $4,000.
The total sales Of stocks today were
5S1,00 including Atctis preferred. 13,-
$50; Burlington, 20 80; Great Northe p e.
ferred, 1888; Manhattan l7,445; st. aul
1880; Northern Pacific, 16 SO; nrsgr-
vanla, 600O Reading first preferred, $40;
Union Pae fic, Is 1876; Southern Pacific,
/ S0l9 American Steel and Wire, 1910;
American Tobacco, 2i,621; Brooklyn Rapid
Transit, 37a40; Continental Tobacco l0,1S5;
do preferred, 500; Federal Steel, 43, 49s;
! Sugar 1880; United states Leather, 80 $50,
90 preferred. 6,2S5: Sugar. 1850: Pacific
Mail "A 1876; North Amer can, t2,100.
/ al fsf Cf4-