The Savannah morning news., 1900-12-01
The MORNING NEWS SATURDAY. DECEMBER /. 1900

the activity was not well maintained
throughout the scss lon. The surfa-e in
dications were ,hat the large early busi-
ness was Tor London account. For in-
stance. tho prices % Americaus advanced
in London before the opening herc rais
was Ga spite Of the general hcaviuess OF
the London markct. due 60 the money
market conditions and 20 the dis ouragin g
news from south Africa
But after the opening here foreign ar
hitrage brokers' were seliofs OF stocks AMI
their saleu on IA ance for to-day we're
estimated at 1000 shares The inference
De- pretty plan that Is,nd ns early ale
vance was on New Yo.k buying while
the geI liue London. tuusa Z ons in this
market were on the sci ms side r ev
hao li,tle influence on The prices. VIII =
Wen Go tbs best genecdlly after the 1r-
bitrage opera ions had ceased. With he
exception o. seine continued large buying
in some quarters o. the railroad list tbs
trading was rather lanyuld ,sFeci y
during the latter part al the Dbl. g..
hrmer tendency OF the mo n
market and rise IN the al
loan rate 10 "a pr cent lat- Ia tho dav
were also an influence toward depressing
activity. Preparation for the m1nfhlv
settlement may have had something 70 do
with this development hut the ausfrr
through the suh-trcazury to-day OF fslo
oo 20 the interior suggests recurrence
~ demand upon This center for interior
neesis. which would prove a serious dram
upon the money market
The forecasts ~ the weekly bank state
ment indicate a small change in the cash
item for tho week past The sub treasury
has absorbed Sl.7i3G0 including the sums
deposited for transfer 20 the Interior The
rise In the money rate this afternoon s.
a pretty reliable index o. some impl r
mont IN the condition 81 the banks Prices
81 stocks we're affected hv this. but there
were substantial rallies In spot. and the
closing was firm. hut not al the best In
tho railroad list stocks o. Southern an 4
southwestern railroads were notably
firm led by Chesapeake ana Ohio. which
got w ~ and closed az tho top The
Chicago and Alton stocks rose strongly
The tobacco stocks were weak on tie
Withdrawal ~ important interests. Psciir
Mail reacted 3N American Smoitius
stocks were weak early on an alleged
project 20 ora nizo an opposifion but thev
rallied strongly and closed with gooi net
gains The downward course ~ Amalga
mated Copper was checked after an early
decline ami the stcclg has net gain on
tho day. The stscl stocks were ither
neglected All day ana they show changep
both wavE
The bond market wae active and strong
with a notable demand for Kansas = a
Texas 81 Louis Southwestern. southern
Pacific. Union Pacific Atchison end Read
inR issues Total sales. par value So
90 COZ
United states rofunding - and tho 5s
registered; declined = and the new e. al
vanced X nor cent. on the lar call
The total sales Of stocks to-day were
s01 7n shares Atchison q TOO. Aacalso7
preferred 2 60. Bait more and ohio On
Chesapeake and ohio $50; Denver pre-
ferred SEQ. Louisville ana Nashville. H.
500: Manhattan. II 80; Metroroliian
street Railway. $40. Missouri Pacific
geo. New York Contra. io.50l Norfolk
and Western 500. Northern Pacific
is.tO0. Northern Pacid- preferred, 100
Pennsylvania $3.50: Reading FIRST prefer
red. 6eio. a. Louis Southwestern prefer
rod. 500. Southern Pacific 7510a. South
orn Railway g fol: Southern Railway ~ BE-
ferred 1000 Union Pacific. $500. Anal
gamated copper seo: American steel
and Wire. n ~. American Iohlcoo. 5lp''
Brooklyn. i5aa. Continental Tobacco
3oa. Peoples Gas 1850. Sugar. Ai0o.
United State Rubber. 7.soo.