The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-12-07

was manifest In the stock market to-day
20 attract renewal OF speculation Ter a
rise. In the early dealings there was 9
fair degree OF success attending the ef-
fort under the Influences q striking gains
In a few stocks strength persisted in =
few stocks throughout the day, but IL was
Offset during The latter part Of the day by
equally striking losses 10 some OF che
leading spccialtles.
large part OF the list fell hack TO
about last nights level and wavered In
an uncertain way until the closing. which
VAS generally easy. The rally IN tnis
market late yesterday Was taken as cue
by the London market this morning For
elgn markets have shown a CROWNS dis
position % late to follow Wall strectS
lead and the rally yesterday afternoon
was pronounced BY some observers as due
10 manipulation with the purpose Of tn
vitinE buying OF Americans IN London to-
day. II this was the purpose Il was sue
5essful. for London bought stock ere
at the opening, helping on tho rise 7 ere
was considerable short interest as q re
sult OF the weakness OF the market earlier
In the week which proved vulnerable 10
the rather imposing show q strength this
morning. and the covering movement
helped on the rise Even amongst those
stocks which we're Afterwards the weak
est there were some considerable gains
during the early strength, and sugar and
Tennessee Coal getting W about "a point
quite number Of important stocks
achieved gains OF near point. but tho
movement ali day was distinctly one Of
special stocks
The slow-priced. non-dlviaend paying
railroad stocks were the favoritee es-
pecially the Eries aud the Wabash Is
sues. both stocks and bonds. Nothing au-
thoritative could be learned 70 explain this
movement. which rumor attributed both
to buying for Vanderbilt control and 20
Joint pans for consolidation and through
traffic arrangements Of the two Hines. The
rise extended to over points In Erie nrst
preferred and 81 IN the second preferred.
and both closed az about the top being
practically tho only stocks IN tho list %
do 80. Besides these stocks there were
upwards OF thirty stocks selling under o.
which were advanced from a = to ~ per
cent. ST. joe and Grand Island nrst pre-
fertcd jumped points on prospects 81 q
dividend increase. The Green Bay and
Western issues we're strong. though the
principal activity wos IN the doocnture
Bs.
Sugar vas active and feverlsh al day.
70 retrieve their losses on the bun side by
bear campaign. They circulated a re-
port OF the serious illness OF the president
OF the company. which was denied. The
stocks feb an extreme 33s and closed only
slightly better at net soss Of 20 Ten
nessoe Coal was even more acuiely az
tected and fell altogether - TO 81. clos
ing at the lowest, with a loss 81 ~ on
the day. The report was Confidently dis
seminated that It had been determined
20 pass the next dividend on the stock.
The increase in the dividend rate for the
half year on Denver aud Rio Grande pre-
ferred from . TO "a per cent. caused = late
advance In that stock Of ~. and On tho
common stock OF II. This caused a SYM
pathetic hardening In the market. but
prices did not hold In face OF the renewed
weakness Ia the spccialties. There was
no appreciable change IN money market
conditions
The bond market WAS active and con-
ssteniiy strong. many low grade Junior
and contingent interest bonds advanclAg
strongly Total sales. par value. ss495. ooD.
United States new A. declined * per cent.
on the last call.
To-day's total stock sales were 7s2. 90.
including Atchison. 1920: Atchison pre-
ferred. q. 100: Chesapeake and Ohio. 500.
Burlington. $500: Denver and Rio Grande.
1910. Denver and Rio Grande preferred.
$1,000 Erie. $500. Erie FIRST preferred. 81 .
400 Manhattan. Il. 900. Metropolitan. ZOO.
Missouri. Kansas and Texas preferred,
1000. New York Central. 5.l60. Northern
Pacific, 1900 Ontario and Western. IL
100; Pennsylvania, 1910; Reading. 2. 500.
Reading first preferred. 81 go: Reading
second preferred. 100. St Louis South
western preferred, 800. 81 Paul II. 100
Southern Pacific. %. 800. Southern Rat
way, $500. Southern Railway preferred.
$500. Texas and Pacific. $500. Union Pa
einc, 1850: Wabash. Is. 800. Wabash pre-
terred. 1900. Copper. 1850. American
Steel and Wire 1900; Tobacco. 5,ao. An
aeonda. $500: Brooklyn 1850: Federal
steel. 1890. Peoples Gas. 1900; Sugar.
islo0
New York STOCK IInt