The Savannah morning news., 1900-12-22
STOCKS AND BONDS.
No interruption In Rise Of the GEN
eraI Market.

No interruption In Rise OF the "en-
eraI market.
New York. Dec. q There was no al
teretion In the character OF tho stock
market. Trading continued on very
large scale. and the tone was strong
Possibly the interest was trine less
broad than on some previous days OF the
week. The buying showed tendency TO
congestion IN certain stocks, and the spe-
ciaIized strength OF few stocks was a
dominant influence In sustaining prices
The expectation was rather general that
A movement TO take profits would develop
during the day. The prolonged contiu-
uanee OF the rise and the imminenee OF
a holiday both suggested the likelihood 81
a profit taking movement. Spectators da
a rule are averro TO leaving their money
lied IN In the stock market over pro-
lOnged holiday, aud loans made today
carry over until Wednesday next the
London market this morning showed De
pression on the eve Of the holiday, ana
This emphasized the impression OF yes-
terday's rather sharp selling movement
near the close here. Professional opera
tors therefore. fell upon the market at
the opening. but they made scarcely more
than a momentary impression. Powerful
support was forthcoming az the decline,
ara before the end Of the DAY the tide
Of prices had turned strongly upward
again The existence OF "a short interest
formed yesterday afternoon had some
thing 10 do with the resiiiency, a. tae
bears we're very timid about leaving ac-
counts open over the holidays. The con-
tinued ease OF money in spite OF the car
rving over OF loans until Wednesday. AMI
the favorable forecasts Of the hank state
ment. gave tho nusi Nip TO the market.
and Il closed animated and strong ~
about the top level the late proht-taktng
sales being confidently absorbed.
Northern Pacihc sold ex-divldeud and
recovered strongly from yesterdays late
reaction. but the top price was ~, whirh
was short OF yesterday's price by half
point. The extraordinary speculation ~
Northern Pacific " based on the benefit
TO accrue from the retirement OF the pre-
ferred stock. canoelIinR It's privilege 70
share net earnings In excess Of per cent.
on the common This called attention
10 various other common stocks, whose
preferred stocks are limited BY the terms
Of the issue IN their dividend rights. Atcn-
son common and Denver and Rio 0rsnde
common Union Pacific and Southern Rail
way we're thus affected. There was a
renewal Of the advance IN 81. Paul AMI
southern
former record price 20 near ts. Sugar had
lie period OF strength. and Brooklyn
Rapid Transit rallied strongly after early
weakness on account Of the statement OF
earnings for November. All OF these
movements we're more or less manipuil-
live but the speculation showed the
ZANE readiness a. for some time 20 fol-
low quickly any marked leadership.
The indications are that the movement
OF currency this week has turned strongly
IN favor OF New York and the estimates
Of the amount received on balance for the
direct movement by express run ZAP 70
over g. 10000 In addiiion the banks
have gained 81 $1,000 on sub-7ressury op.
eratlons The bauie outside OF New York
are known 20 have continued 10 lend
heavily on the stock exchange during the
week. This gave rise 20 the belief that
the bank statement tomorrow win show
another heavy decline IN deposits as tho
outside banks IN placing loans here draw
on their deposits IN New York bnnkH
A decline In the deposit Item would OF
course result IN a shrinkage OF s--4rve
requirements 60 the benefit OF the sur
plus.
,rbe bond market continued active. but
sbere were some reactions on prohi-tak-
ing Total sales. par value H.i600o0
United states Be-, old " ana aa declined
y per cent The new as advanced = on
the last call.
To-tav's sales OF stocks were LIE 20)
shares including Atchison. u 900: do pre-
ferred 80 200. Chesapeake and Ohio. Is NO.
burlington. 2 300 Rock Island. Is.io0 Den
YER and Rio Grsnde, iS.io0; do preferred
800: Erie. $500; do irst preferred. r.
100. Louisville. li.70o; Manhattan. 9.A9.
METROPOLITAN. 5000. Missouri Pacific. ST.
,.a. NgtasotfrI Kansas aud Texas preferred
% so. Norfolk and Western. s.55s. North
err Pacific. 1870. do preferred. n 90. on
fario and western. $50; Pennsylvania
100: Reading first preferred. 1870: 81.
louis San Francisco. 500: 81. Louis
southwestern preferred. s.soo: 81. Paul
a 100. southern Pacific, 1850; Southern
Rsilway. . 800. 20 preferred. 1000. Union
parlac. ls. 400: DO preferred 500: Wabash
Z 90. Whe~ling. 1880. Copper. siib; Steel
ana Wire. ZOO. Tin Plate. 1920; Tobacco
n go. Brooklyn. 1890: Continental $500;
FEDERAL Steel. 1890. Peoples Gas. 9.5ol.
sugar. II 80. Tennessee. s.iso.
New York Stock List.