The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-11-23
STOCKS AND BONDS.
The Market Closes Weak and He
dictionary.


dictionary.
New York. Nov. 2s-There was tho
same ebo and flow in ,o-day's market
that have characterized a. for several
days past Neither the beginnin nor
the end. however. was % well dlnu d
as yesterday. The currents and cross
currents were very confusing all ana
made it dinncur 10 analyze tho tone, eN-
cept during period OF pronounced reac-
ton, which developed after the opening
and an equally pronounced recovery be-
fore the close
The close itself was reactionary and
weak under the influence OF violent
break OF a. points In American Steel ana
Wire. That stock got M 20 81 In the
general rally OF the market. but plunged
downward TO 46A Ia few minutes ana
closed about there. with heavy offerings
still coming on the market, The pro-
fessional traders In Wall street have
worked for some time IN the faith that
they were following the bull leadership
OF a combination OF forces between the
most notable speculator In the STREET and
a newer and almost equally dashing on
orator who make his mark and a deep
one at that IN the speculation In steel
The break tn Steel ana Wire. coming near
home 10 this alleged speculative com
hination. served TO unsettle sentiment
very considerably az the close The b ar
contingent succeeded In pretty well set
ting the upper hand early IN the dsy.
The market opened With price currents
moving IN whirling eddies. There was
continued strong absorption IN some Of
yesterdays strong stocks tho local trac-
..Hasmnaa
Later a strong demand developed for
Chesapeake and ohio on buying said to he
for Philadelphia account This stock
moved ny an extreme "a. This move
ment however. was not sufficient to dis
courage the profit-taking and bear pres
sure, which had been more or less mani
fest. especially in the steel stocks. from
the opening. and the whole market fell
away without much support 10 the lowest
Of the day
The rally was inauguraied "a ST. Paul.
That stock was carried TO 100 and the
other Changers Sugar the local traction
stocks and General Electric made the
readiest response. An effort was made TO
continue the movement by the time hon
ored device Of bidding up the Vanderblts.
but this proved unavaiiiug In face OF The
acute weakness shown by the steel stocks.
The news OF the day was little regarded.
sation OF yesterdays heavy demand from
LONDON. That center turned seller to-
day TO the extent OF about 40co shares
on balance. There WIS failure OF ex-
pectei heavy demand for stocks from the
West, which was cut of from wire com
munication yesterday The bears were
also inclined 10 make capital out OF tho
reported dispute among the diplomats at
Pekin and their tactics were shown In
~ sHl.HN -
was dead. The money market showed no
signs OF any stress from the large specu-
lation and was appreciahly easier on the
large receipts Of Australian gold here dur
ing the week. Sterling exchange hard
ened on the large selling OF stocks by
London
The bond market was notably strong
IN spots but weakened a. 0ther points.
Total sales. par value. N.5i50O United
States refunding p advanced = and the
new A. 4 per cent. on the last call
The total sales o. stocks to-day we're
!. lS9 30 shares including Atchison. $40.
Baltimore and Ohio. 1880. Canada South
ern, 1900. Burlington. 1890, Rock ISL
and Oeo. Big Four. 1900. Louisville
and Nashville. 500; Manhattan. Il 80;
Metropolitan. 1870; Missouri Pacific. IL
go: Missouri Kansas and Texas preferred.
300. New York Central. 2s700; Norfolk
aud Western. 1900. Northern Pacific, So
80. Northern Pacific preferred Ho0o.
Pennsylvania, 2s.90; Reading hrst pre-
ferred. I5.700. ST. Louis and san Fran
cisco. $3.50. 81. Paul, 1890. Southern Pa
ciac. 1900. Southern Railway preferred.
G 80: Union Pacific. 600. Union Pacific
preferred. 1850. Smelling. 1900. Steel
and Wire. 26 80. Tin Plate. 7l0l. TObac-
co. Is. go: Brooklyn. 6i.Jo0. Colorado Fuel.
s. 40. Continental Tobacco. Ai0o. Federal
a L.
$50. Tennessee Coal. 1850. United
States Leather $500