The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-04-10
STOCKS AND BONDS.

New York, April 9.-The stock market
made the expected response to Saturdays
unfavorable bank statement by a general
drawing in of speculative ventures. The
selling pressure was not particularly Sc
we're in the general market, but with the
curbailment of the buying demand, con
seduent upon the disappointment over
the bank showing, the burden of offer
ings was sufficient to bear down prices
to a lower level.
The higher range of prices in London
and an opening here above Saturdays
level in sympathy did not have the hoped
for effect of dissuading sellers. On the
contrary, the higher prices seemed to in
vTte proht-taking ana the opening gains
we're not long maintained. The acute de-
preston manifested by Sugar had an adj
dtional influence in depressing the mar
ket This mercurial industrial gave evil
dence during the latter part of the day
of being oversold. and, after having fall
en- nearly points, recovered more than
half of the decline. The room traders VINO
had sold the list on the strength of the
weakness In Sugar were driven to cover
by this rally and the aggressive strength
developed at few other points.
As consequence the closing was active
and firm at a level considerably above the
low point of the day, but showing net de-
clines for the majority of stocks. The
weakness Of Sugar in the morning caused
signs of lively sympathy at other points
in the Industrial list. Peoples Gas, the
Tobacco stocks and a number Of the iron
and steel stocks fell away easily from /
to points The strength manifested by
the New York traction served as an
offset to this, the railroad list maintained
q condition resembling suspended ANNA
ton. Large threads upon the Pacific
stocks, Pennsylvania and the Changers
turned the tide toward depression until
aggressive strength developed in Missouri
Pacific This stock moved up TO 5i1z in
the late transactions on heavy buying,
and Brooklyn Rapid Transit rose buoy
antly to 79b with a stimulating effect
on the general list Very heavy selling
orders were attributed TO Chicago ac-
count, and a sharp fall In New York ex-
change at Chicago to 80 cents discount
may have been due to this cause. The
moveme mt In the specialties was due to
individual causes. The street was fun OF
rumors all day regarding Sugar, and hav-
ing to do with the rise in price OF raw
sugars. Brooklyn Transit was manipulat-
ed by a pool with a preliminary report
for au advance.
London showed a disposition TO buy
stocks here in spite OF the stiffness OF the
London money market on the taking VI
of another installment OF the war loan
hut last week $ large increase in loans
here is generally attributed TO large Dor.
rowings for London account to carry
stocks mere. Although the stock market
weakened on the banks showing, the
money market failed to show any effect
Of the decrease N the resources Of the
banks.
Business in bonds was of moderate pro
portion. and prices were well held. Tota
sales par value s. $4,000. United States
old Is ard IS declined u in the bid price
The total sales OF stocks to-day were
764.OOO shares including AtchisOn, $3.50
Atchison preferred, 2l,l30; Baltimore and
Ohio, 1894; Chesapeake and Ohio, $3.50