The Savannah morning news., 1900-07-10
STOCKS AND BONDS.
The professional Contingent Well
Represented.

New York, July 9.-Not much impression
was produced on the stock market to-day
nv events and the professional contingent,
which conducted practically all the trans
actions fell again to very small proper
ions The larger volume of dealings and
the more important operators which char
acterzed last weeks market were not in
evidence to-day.
The failure of last weeks attempt to at
tract outside interest in the market by bid
dnr No prices seems to have been a atis-
factory demonstration to that element that
me period is not ripe for active specula-
ZION Nevertheless the price movements
of the day were quiet, owing to the small
Aoaung supply of stock The undertOne
Of the market, 100. was unmistakably
firm Even the sharp break in Brooklyn
Transit, which stock led the market in
point of activity, had very slight effect
on the general list although a few large
gains in special stocks were yielded in
sympathy with H. Brooklyn Transit at
the low point was 53s below the high
point.
The stocks showed very feeble resistance
10 the decline and no recuperative power,
The bears apparently ruling the course of
the stock as they chose. There was no
news 10 explain the decline, but rumors
we're prevalent of poor showing of earn
nss to be made in the forthcoming re-
porI The other local traction stocks were
also under pressure, Metropolitan selling
al one time 4 points under Saturday. but
ayng points. Illinois Central rose at
one time 3s4 and the dealings in the stock
were quite large. Unofficial reports that
the stock is to go in a 6 per cent basis
we're responsible for the rise. Louisville
showed good recovery on the authorized
announcement that to-morrow's dividend
declaration is to be on per cent yearly
basis.
The grsin-carrying roads were well TAX
IN all day in anticipation of tomorrow 3
monthly crop report, which is expected to
show the improved condition from rains
m the Northwest Baltimore and Ohio
vas weak feature on the score of the
Insignificant increase in gross earnings re-
ported for June. The steel stocks were
inclined 10 heaviness, Tennessee Coal los
INK points. The movement In the group
was supposed TO be connected with the at
,empts to reach an agreement regarding
prices The large decrease in reserves
-hown by Saturdays bank statement re-
manned unexplained to-day, but the con-
tinued ease of the money market left no
room for immediate apprehension on that
score. 1t Is the more remote periods re-
Guarding which doubts are felt, and lend
ers hold out for full rates for time loans
going over for the longer periods, though
The supply of funds for short periods is
abundant.
The bond market to-day was duh and
changes were mostly small and irregular.
Total sales, par value, $6J0,00O United
States new As declined 4 and old As ad-
vanced 4 per cent. in the bid price.
To-day's stock sales were 2426O shares,
including the following: Atchson, $500;
Atchison preferred, 19,465; Baltimore and
Ohio, 1880; Chicago Rock Island and Pa
ciiic, $3.50; Illinois Central, Il, S65; Louis
Vile and Nashville. $3.50; Brooklyn Rapid
Transit, $3.50; Union Pacific, 500; st.
Paul, S,2l0; Reading first preferred, $500;
Northern Pacific, S.T15; Missouri Pacific,
100