The Savannah morning news., 1900-11-08
THE MORNING NEWS: THURSDAY. NOVEMBER s. 1900

long account was renewed on q very large
scale by both professional ana outside
speculators
The sudden relapse 10 the money market
had much io 90 with the renewed outburst
OF speculation. II became clear that tn
pinched condition OF Monday was the out
come az conservative safeguards against
contingent disturbance OF tho money mar
kct ana funds we're poured out very free
lv As against the - per cent rate on
Monday the rrst loan to-day was gnadr AZ
5 per cent. which was the highest of the
day Ia the dealings. after needs ha1 been
largely supplied. the rstc zen 90 per cent
The exchange market promptly responded
demand sterling rising fully g. over Mon
day's nominal rate. The large transfer 81
stock ownership from foreign 60 Amer
lean hands also effected the eXchang,
market very materially
iu general terms III may b. said that
the price OF railroad stocks is from ~ a
2 points higher on an average. as "A result.
OF to-daya trading. The movement IN
Pennsylvania was very notable. even iu
/ the day broad and active market and
/ Northern Pacific shared this prominenc
I iu less degree. The extreme advance
/ 10 penusyivauia was bla points and iu
Northern Pacific 37s Ia the Industrial dc
parimcnt gains were even more marked
f hut the movement there was Tar NOR,
4 feverish ana irregular. steel stocks were
I IN the ground and many OF them advanced
/ between 4 and points There Was - late
I reaction Ia the market on pront-taking
led by sugar on a reported cut In prices
I by rival reaneries A number % indus.
+ trials reacted between I and points. hul
I len the railroads tho last prices were only
f fraction below the best ana tho market
/ was ia progress Of recovery and closed
I nrm.
/ The bond market was quite as active
comcomparativcly a. that for stocks and
also very broad. although the mortgages
+ wlth speculative value were the mos
prominent Several Of these rose from "a
"a per cent TOTAL sales par value $50
/ 0o0
United states refuudiug g. the old -
and Sc advanced y ana new A. Z per cent
o. the last call
I Total sales Of stocks aggregated les.
/ 10 shares. including Atchison N.6io; Atch-
I ison preferred 81. $50. Baltimore and ohio
I q 80. Burlington 1850. Rock Island II 80
/ Louisville and Nashville. Ol50. Manhat.
tan pesoi Metropolitan 1900. Missouri
/ Pacific 81 $50. Missouri. Kansas and Tex
I as preferred y 30. New York Central a.
1 $50. Norfolk and Western la.1n; Northern
+ pacinc 1923 $50. Northern Pacific preferred
/ l5llo. Ontario and Western 1910. Penn
| sylyanls l32 i52 Reading nrst ist2o. -
! Louis Southwestern preferred 1880 St
/ Paul p $50. Southern Pacinc Ts - South
ern Railway 1900. southern Railway pre-
ferred 1870. Union Pacific 1850. Union
I Pacific preferred Uses Smelling 1850
/ Steel Hoop 1885, Steel and Wire q. -.
/ Steel and Wire preferred 90o Tin Plate
IslH Tobacco - sl5. Anaconda $3.50 Brook
I lvn % GO. Colorado Fuel o. 90. Contneu-
tai Tobacco ao9l2. Continental Tobacco
I preferred $50 Federal Steel SID. Fed
cral Steel preferred II go. international
/ Paper 500 National Steel 2i75. Pacihc
/ Mail 1150. Peoples Gas 22sio Pressed
Steel Car 500. Sugar $3.50 Tennessee Coal
aud Iron ltlo0. sugar $3.50 Leather To-
tao. Rubber $500 Republic Iron and Steel
| S2a6