The Savannah morning news., 1900-07-24
strong Efforts Made to Stimulate
BuIIish Sentiment.

New York, July 23-The influential in
terests which have taken the leadership
in the stock market continued their efforts
to-day to make a rising market with the
object of inviting public buying. They
were not discouraged by the failure of
outside interest 10 develop on account of
last weeks advance, and they resumed
their bullish manipulation from the open
ing this morning.
There was not much difficulty apparent
in advancing prices or if any obstruction
appeared in the shape of offerings in
larger volume than could be absorbed, the
leaders deftly turned their attention to
stocks whose upward course was easier.
AS the long interest has not yet attained
large proportions, and as there still re-
mains considerable short interest whose
position grows daily more precarious, the
technical conditions favored the advance.
The appearance of outside buying encour-
aged the professional bulls to redoubled
efforts and to-days market as a result.
gave an appearance of greater activity
and more strength than on any day last
week. This was particularly true aftel
Sugar had been checked in its first reac-
tionary tendency, and was found to move
upward easily on moderate buying. This
stock continued to have a marked infiu-
ence on the Whole market and its re-
action late In the day precipitated move
ment to take the profits elsewhere, so that
the closing was easy at considerable re-
cessLons from the best.
The distinguishing feature of the market
was its uneavenness, as might be expect
ed from its professional and manipulated
character. A few stocks were active and
strong, larger number showed sharp ad-
vances after lying dormant for some time,
SO that very meager transactions were
sufficient to move them. But the major
ity of the hist was only moderately act
i've, and continued very sluggish, small
net gains being the rule in sympathy
with the strength in special stocks Tenn
essee Coal led the stocks with an extreme
advance OF 4 points, but several of the
group responded 10 the extent of a point
or over. Metropolitan Street Railway
rose "a early in the day, but Brooklyn
Transit took the leadership of the group
with rise of 312 on the favorable judi
ciai decision I'm the ten-cent fare case.
In the grangers, st. Paul ard Burlington
rose about points each. Early advance
in Leather Peoples Gas and Southern
Pacific proved abortive, and these stocks
were relegated TO the background.
The hopefulness of the bulls was predi-
Gated on the more encouraging feeling re-
garding China. which was reflected
abroad, on the confidence that the money
market is assured of a considerable Pc
Rod of ease and that period of quiet in
political affairs is likely to intervene be-
fore the campaign takes on its more act
i've phase The absence of any engage
ment of gold for export to-day also helped
the market, as did the favorable crop
news.
The bond market continued duh and
prices moved irregularly. Total sales, par
value S1,2S5,OOO.
United States old AS, coupon, and new
4s advanced Il in the bid price.
The total sales of stocks to-day were
4S06OO shares. including Atchison, 2O.030
Atkinson preferred, 14020; Burlington, 15,
oS9; Louisville and Nashville, 5,130; Man
haitian, 1885; Missouri Pacific, 5000; Penn
sylvania, l1,210; Reading first preferred
$500 st. Paul. 13,4l5; Southern Pacific
2S,s45; Union Pacific, 29,47O; Union Pacific
preferred, $50; American Steel and Wire
l5'ls4; American Tobacco, II, $3.50; Brooklyn
5sssS; Federal Steel, $40; Peoples Gas
1000; Sugar, 36.795; Tennessee Coal and
Iron, 1905; United States Leather, U.s.
707.