The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-26

though the board room was flooded with
rumors all day of a settlement of the trade
war. absorption of rival reineries and so
forth. II was pretty evident that these
were set afioat by the manipulation for a
rise which was directed against the short
interest reputed to be largely concentrat-
ed in Boston. The stock sold low a
los in the morning op supposed indications
of fresh vigor in the trade war, and in the
afternoon it got up to ll5A 1t closed at
a net gain of 2is. The general market sold
off after the opening in sympa thy with
the break in Sugar, which enedtually dom
mated the tone of the market all day
When Sugar rebounded the room traders
all turned TO the bull side and kept prices
upon a small volume Of dealings
There were movements in special stocks
designed TO help on an advance, notably
in Missouri Pacific, Pennsylvania, Wa
bash preferred and the Changers, but it
was noticeable that the buying demand
showed a marked falling off on any adj
vance buying orders came in on the early
decline, but later in the day the market
continued dun. The apathy Of the de-
mand caused realizing by the room traders
and late reaction which wiped out many
of the gains. The closing was easy and
the net results of the day were much mix
ed. The Introduction into Congress of
resolution for a committee TO investigate
the steel and wire episode and the New
influence in the late reaction.
The announcement of a small engage
ment of gold for export to Europe had
very little influence. The gold which
amounted to $4,000 is believed to be de
stined for Paris. Sterling exchange was
distinctly easier, the rate for demand bills
falling &c. This leaves the question of
further gold exports more doubtful again.
The lack Of fast steamer this week Is
offered by some bankers as a reason for
refraining from shipping gold during that
period. Discounts in London We're slight
ly easier to-day, but money in New York
also showed further relaxation, loans for
sixty to ninety days being quoted at 3 per
cent and four to six months at 312 per
cent on mixed collateral. The gain by
the banks with the sub-treasury since last
Friday already amounts TO over $500. $50.
But the sub-treasury's debit balance at the
clearing house fell to-day below 81. 100000
for the first time in several weeks, ex
cept when some special operation inter
vened. The disbursements, on account of
government bond premiums from the sub
treasury, are, in fact declining, and this
source of replenshment to The money
market is likely to be closed soon. A sharp
fall in New York exchange at Chicago
was also an incident of the day.
The bond market was rather quiet and
irregular. Total sales, par value, 81 ESQ.,
600
United States IS declined 4 in the bid
price.
The total sales of stocks were $50 700
shares, including Atchison, 1855: Atchison
preferred, 1850; Burlington and Quincy.
I.56; Louisville and Nashville. 5770; Mis-
souri, Pacific. q, $50; Norfolk and West
ern, 6,7l2; Pennsylvania, % 430 ST. Paul
1920; Southern Pacific, 1850; Texas Pa
cifc $500; Union Pacific 1920; Wabash
1925 Wabash preferred. 1850; American
Steel and Wire, 12.7S0; American Tobacco
$780, Brooklyn Rapid Transit 1850; Fed
eral Steel, S,4S0; Peoples Gas, 1855; Su-
gar, 207,6