The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-07
PAGES 9 TO 10.

lngs, nor the same resources for main-
tanning them.
The progress Of a bull movement all
most inevitably results in the transfer OF
nV'u'uSs from strong to weak hands and
leaves the market vulnerable to attack
py bear operators who are able to force
selllng by Offering down prices and uncoy-
ellhS margins. Even to-day, attempts by
pear operators were in evidence to force
uecllhes, but the general demand for
stocks continued so good and the large
holdings are still In such strong hands
that the market resisted bear assaults
ana presented a hard ana unyieldlng sur
face even at points whore realizing was
going on. Yesterdays strength in national
steer gave way to realizing to-day, and
the metal group of stocks was without
any conspicuous leadership. Norfolk ana
western was also sod to take profits all
gay, after an opening rise Of point bur
refused to yield below last nights level
Tennessee Coal was forced down at ono
time ga points The bears centered their
attack on sugar and had that stock down
at one time to 10Si2
Rumors that the rednerics were to shut
down and oVer-pfo auction to be worked
or at a loss figured in The manipulation.
But in the meantime aggressive buying
movements developed in tho trunk lines
lea ny Pennsylvania, In the cOalers led
by Reading first preferred on the decis-
ion TO pay dividend ana in the grangerS
and Westerns led by ST. Paul and Atchi-
son, both common ana preferred. Tho
Baltimore and Ohio also after pause OF
day TO digest proht-taking, renewed tho
advance. The progress towards extension
OF holdings 10y the great railroad systems
OF lesser and connecting systems had
much 10 90 with the strength OF Penn
sylVania and other lines supposed to be
in process or absorption. The coming adj
In no
Bituminous coal was also an element In
the outside market there was an advance
Of over 30 POINTS to 5i5 in the price Of
Standard on on the declaration Of a div.
idend Of 20 per cent for the quarterly
period Last years dividends were s, Y,
>, and 10 per cent, respectively, for the
four quarters. There was also activity
and strength in Amalgamated Copper.The
closing of the market was active and
strong at about the top.
The bond market showed increased ac-
tivity ana general strength. Total sales
par value 81. $4,000 e. S. 3s advanced Ii.
and new is a In the bid price
The total sales OF stocks to-
day were 1920 shares, including
Atchison, 1888 do preferred. 1870; Bal
timore and Ohio, $3.50; Burlington, 15,-
go; Rock Island, 1850; Louisville ana
Nashville, $3.50; Manhattan, 1880; Mis-
souri, Pacific. 1880; New York Central.
1857: Norfolk and Western, 60. $50; do pre-
ferred. ms; Northern Pacific, 1880;
Ontario and Western, 1882 Pennsylvania
90, 40; Reading first preferred, 1870; ST.
Paul 1880; Southern Pacific, $3.50;
Southern Railway preferred, $780, Union
Pacific, $3.50; do preferred 1896; Amer
lean Steel Hoop, 9lS5 American Steel
and Wire, %, $50: American Tin Plate, S.
l75; American Tobacco. Al $40; Anaconda.
5,l35; Brooklyn Rapid Transit, 1850;
Colorado Fuel and Iron, 1900; Continental
Tobacco, s.3l0; Federal Steel, 14,l50 Ma
tional Steel, 200; Peoples Gas, 9,425; SUI
gar, 140,s55; Tennessee Coal and Iron, 1O,-
30: Leather, 1880; Rock Island and Steel.
IA 1S5