The Savannah morning news., 1900-11-18
srocKs ANp noNps.
Securities Throughout the List Nov
Ing steadily toward

securities Throughout the List Nov
Ing steadily Upward.
New York. Nov. i7-Yesierday's def
mite resumption OF strength in the securi-
tics market and the evidence Of large and
aggressive buying for investment had an
.nnuenee upon speculative sentiment to-
day that the most sanguine could scarce
ly have foreseen. such speculative excite
mont as that on the exchange al tho open
ns has rarely been seen IN the history Of
that institution Brokers had orders 20
buy In large amounts without any price
limit apparently Such orders were sheer
rec kltssness Ia a market where stocks
are as strongly held as az present. and
The sensational advances which resulted
were almost instantaneously lost
The urgency OF the bidding gave color
90 the supposition that q large short in
crcst was IN process Of closing out hy
forced buying There has been more on
ess short selling az short intervals since
thc election and an uncovered bear ac-
count after yesterdays market was ia a
parlos state Tho general advance 81 a
large fraction and running up 20 over "a
point was Imposing but in a few individ-
ual stocks the rise was sensational Con-
olidatcd Gas was sold for 20l at the same
time that 81 was selling for 100. and Ten
uessce Coal opened Ht 56Q77iac. rising af-
forwards 20 a. points over last night
General Electric jumped points. which
Is less than iis average daily rise for sew
cral days.
This speculative excess quickly brought
IFS penalty IN tho eager selling pressure
induced by these high prices. and tho re-
lapse was 60 violent as 10 awaken uncaa-
he afa.A -.
within a fraction OF last night and IN
some conspicuous instances. notably
Pennsylvania, prices fell below. But after
the appearance OF the favorable bank
statement. buying was renewed with con
hdcnce ard prices were lifted again. IN
some eases 10 the best. making the clos
Ing active and strong No special influence
could DC assigned as the cause OF tho
large demand, the movement being based
eN IDENTIFY on confidence Ia the comprehen-
s.ye nature OF conditions making for pros
perity and laTEe earnings in all branches
Of business and industry.
The bond market has continued active
and broad. but the principal buying has
lccn Of bonds Of speculative value OF with
contingent interest payments.
United States 3s ana s. declined =. the
rounding = y and the old 4s 2. per cent
below the call prices Of a week ago. The
new a. advanced q per cent
The total sales Of stocks to-day were
S2oaoo shares. including Atchison $3.50.
Atchison preferred 80: Baltimore and
Ohio. 10. 90. Chicago. Burlington AMI
quincy. 1900 Chicago. Rock Island and
Pacific 6.9oo; Louisville and Nashville. g.
900; Manhattan. 1900 Metropolitan Street
Railway. 900, Missouri. Kansas and
Texas preferred. 79O. New York Central.
1900. Norfolk ana Western, 6.9Qo. North
orn Pacific. $500: Northern Pacific pre-
ferred. 90o. Ontario and Western. eco:
Pennsylvania. 1890. Reading. 300: Read
ing first. 1850: 81. Louis Southwestern
preferred. eco. ST. Paul u. 100. Southern
Pacific $50; Southern Railway. 500.
Southern Railway preferred II. 500. Union
Pacific 1910. Union Pacific preferred g.
900. Smelling. 1900; Steel and Wire. g.
CO... Tin Plate SEQ; Anaconda. i2.io0.
brooklyn. $780, Continental Tobacco. o.
so; Federal Steel, 1880. National Steel.
1900. Peoples Gas. IS. 400. Sugar. L. 200.
Tennessee Coal and Iron. 1900. United
States Leather. $50; Republic Iron and
Steel. $500.