The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-11-12
WEEKLY MARKET REVIEW.
stocks Boom On, the Results of the
EIectton-Cotton HRrdeBs on Frost
Repnrta.

stocks Boom an, the Results of the
EIection-Cotton Hardens ON Frost
Reports.
Those who believe that the stock mar
ket-had already. 10 a great extent. dis
counted the reelection of the present ad-
ministrstion have proved 70 De- badly
mistaken And those who looked Tor the
elimination to occur on the morning after
the election and sold short Wednesday.
with a view Of reaping a quick proft from
the expected sharp reaction actel TOO
hastily. The market has been excited
and very strong ever since. and praci-
caly the entire list shows material gains.
Buying has been on an enormous scale,
the reported sales for the two hours ses-
sion on Saturday reaching nearly $1,000
shares OF az the rate OF over 2,oo00p9
for regular days session. The advance
amounted 70 as much as 70 10 II points In
many active stocks. such as Manhattan,
Brooklyn. Pacific Mail, Tobacco and Ten
nessee Coal and Iron. with other steel
stocks close behind Railroad stocks gen
crafty gained from 20 points dis
appointing bank statement on Saturday
had no very marked effect, some rather
sharp reactions In certain specialties b.
ing probably due 10 pront-takiug. This
kind of selling has been largely in evil
dcnce an the week. as shown hy mae
rial reactions after each sharp rise. With.
however. a strong general tendency to
advance higher each day.
The sentiment g. very decidedly bull
ish. and conservative people expect fur
Their material advance. II must De- noted
that many stocks are not set rearly a
hlgh as they were a year ago and many
have hardly got back 20 where theJ were
six months ago: such. for instance, as
most OF the lndueirials These naturally
benefit more particularly from the results
Of the election. ia addition 10 the cir
cumstancc that some oi them may Ia c.
FOR political effect. cOlored reports. more
or less or at least. may have not IN
sisted upon their existing prosperity as
strenuously a. they would have done un-
DER ordinary circumstance. Intending
purchasers. however. should iEtehgently
select the stocks 90 De bought aud Also
the proper moment for investment, AMI
not so IN bliudy
Cotton declined some u points the day
after the election. but later stifcuei o.
frost reports. and advanced fbOut 50
points, most OF which was held 70 he
close January closed enc, gain for
the week OF i6 points. Killing frost ap-
almost the entire section east OF the Mis-
slssippl. while Texas seems 10 have -
caped. and Texas ie precisely The s.ate
" here frost would do most injury.
The crop movement b. large In the
West but small al the Atlantic Eorts.
This latter has been attributed TO vari-
GUS causes. but one OF which e. not yet
approaching exhaustion Farmers are
rather disposed 20 hold back. aud the in-
terror demand has not been very urgent.
The outlook for any material Ierma-
ncnt advance, or even for long maiHta n
ing the present level % values do nor
appear good Talk OF big increase Ia the
next acreage viii soon commence. AMI
with the growing visible supply. must ae
expected 10 exert depressing inhuence.
some people think the word wants H.
00Oo0 bales OF American cotton this year.
but this seems most unreas .nhblc Co1-
sumption is gon g on ncw "a redueel
rate from last year. ana ird ed % Is diih-
cult 10 see how anythins else could o.
possihle As much cotton viii not be
lsed when the market is az 10 cents as
when n Is At sixes and seveus
william T. Williams