The Savannah morning news., 1900-07-22
STOCKS AND BONDS.
Few of the Days Gains Held to the
Highest.


New York. July 21.-There were a few
sporadic cases of strength in the stock
market to-day, but none of the gains held
at the highest and some of them were
more than wiped out. In the railroad list
Sou hern Pacific and 81. Paul were the
only stocks to make any considerable
show of strength
Amongst the specialties. Leather. ths
New York fractions and Tennessee Coal
were the features. Sugar was lifted two
points at the opening, but it was very
obviously for the PURPOSE of affording a
market upon which to realize profits The
stock closed three points below the high
lsYel ard denim The who,e market
As the London exchange was not in SEES
sion to-day and had adjourned yesterday
before the receipt at Washington of NJ mis-
ter Conger's message the effect of that
n WIS on the English market is still some
what prohlamatical. French rentes ross
10 confines to-day, but the skeptical tone
of the British press as to the authenticity
OF the Conger message left a doubt in the
minds of SPECTATORS as to how it would
affect the market
The figures of the bank statement are
again rather mystifying and they do NOT
prove" The receipt this week of $350)C0)
In gold which was shipped last week from
the Pacific coast accounts for the large
increase in reserve. The decrease in the
loan item indicates that German borrow
ers are still r paying loans of New York
capital. Sterling exchange advanced in
Paris and Berlin and was firm though
nominal here, and call money hardened
in London, increasing the likelihood OF
gold exports next week The much moot
aT4 of how h do hg
ance in our favor has been paid or met is
partly answered by the appearance to day
of advertised offerings by New York and
Chicago bond dealers and bankers of
varied list of foreign government securi-
ties including German, Russian. Swiss
Dutch. Belgian, Swedish and Canadian
securities of many denominations. The
marker closed easy at unimportant net
changes.
The demands of fore gn governments for
capital to conduct military operations N
China are expected to keep money rates
up to a point that will make it profitable
to leave American capital in foreign
loans. The Bank of England has inaugu-
rated policy of re renchment and recup-
GRAFTON by an unexplained advance OF
full pr cent. from TO per cent. in us
minimum rate of discount and has been
able by borrowings from the open mar
ket to carry the private discount rdle "F
to it's own rate. In The New York money
market the usual July deficit in govern
ment revenues which amounts for the
month thus far to about 100000 mas
been for the benefit of the market ana
has Offset The treasury recall of deposi
from national banks.
The bond market has failed to show any
pressure Of capital seeking investment
The funds dlsbursed on July are appar-
entity held in accessible form awaiting ue-
velopments in the money market.
United States refunding Is when issueo
advanced "a. and the 3s, old As and os l
per cent. in the bid price. The new -
declined q.
The total sales of stock to-day were
144,500 shares. including Southern PACING,
Is 1885, Union Pacific, HIS; American
Steel and Wire, 5,4s5; Sugar, 24,59o; Uniteo
States Leather, 1885.