The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-25
PAGES 8 TO 10.

and some of the room traders turned bears
and sold che market moderately.
The bear faction was not aggressive.
however, and made no great inroads on
values. Neither were the bulls inclined
to resume their campaign for the advance
after taking their profits, and the mar
ket was Inclined to drag during the lat
ter part OF the day. Some attempt was
made 10 infuse strength into the market
IN the last hour by the bidding up Of
Union Pacific and Baltimore and Ohio pre-
ferred. This induced some slight cover
ing by shorts, but so far as a general re-
sumption of the advance was concerned
the attempt was abOrtive Prices were
very unsteady at the close, and in many
cases were pursuing a downward course.
The active realizing in the first hour
was much helped by notable accession
OF outside demand, which was attracted
by yesterdays sharp rise. following week
OF stubborn resistance 90 all attempts al
driving prices downward. This demand
and continued manipulate by a section
OF the bull party served to wipe out pretty
generally the opening decline and bring
the market back TO about hast nights
level Having reached that point ths
downward course began and with the ex-
ception of some irregular fluctuations, the
market continued heavy below last nights
level for the rest of the day.
oP'Nlhl polnNS OF weakness IN the early
dealings were Sugar, American Tobacco,
Mating preferred, Anaconda, Pullman
and Brooklyn Transit Aggressive strength
was shown all day by United States Leath-
er, which was taken In enormous lots,
and rose at one time to 22A. The clos
ing was a point below that. New York
Central after a small fractional advance,
met with heavy offerings on the announce
ment of an ddtional stock issue of $l5.-
100000 The stock moved somewhat ir-
regularly during the day within a narrow
range of prices below last nights level
The London market reflected some de-
preston upon this market aud the UNDER
tone there was distinctly weak.
owing TO the uneasiness regarding
the position of the British troops In Natal.
The suggestion of the Chancellor of the
Exchequer that tax on South African
gold mines may be looked for to defray
the expenses of the war was apparently
not relished by the spectators In the nine
market. Londons sales In this market
were upward of 10000 shares. The general
weakness of copper mine shares had y
depressing influence on speculation. The
weakness of Anaconda on the exchange
was supplemented by a break In Amar-
gamated Copper In the outside market ana
by weakness in Boston.
The hardening tendency of money was
a discouraging factor for the bulls. Most
of the days call loans were made above
per cent. ana the rate rose to per cent
later In the day. Bankers generally asked
8 per cent. for time loans and were dis
inclined to put out their funds for the
longer period Rather less money was
shipped to the interior to-day, but the out
go. while diminished. stir continues. The
sub-treasury IS also absorbing funds.
Realizing was in evidence In some por.
tons of the bond market, making the
price changes mixed Total sales, par
value, 81, 100000.
Unhed states old Is advanced Il and the
new rs and SIS Il in the bid price.
Total sales of stocks were 6O7, 900. lncIud-
ing Atchison preferred, 20372: Chicago,
Burlington and Quincy. IS $50; Rock ISL
and. $3.50; Cleveland Cincinnati. Chicago
and St Louis, 1000; Louisville and Nash
vile, 500: Manhattan. 29.165: New York
Central, H,150; st. Paul. II ,555: Southern
Pacific. 15,770; Union Pacific. IS. $50; Union
Pacific preferred. 9.1l0 American Tobacco
1870; Anaconda, 1850; Brooklyn Rapid
Transit. 1920; Federal Steel. 20. 1ss GIu-
cose 1880; Peoples Gas. 9345; Sugar, So.
1885,