The Savannah morning news., 1900-11-27
STOCKS AND BONDS.
The Reactionary Turn In the Market
Distinctly Overcome.

Distinctly Overcome.
New York. Nov IS The reactionary
tendency which weighed on the stock mar
ket during the latter part of last week
was distinctly overcome to-day and prices
Tee umed their upward course. The adj
vance was by 40 means uniform. the
striking gains being confined 20 compare
lively few stocks. In some stocks the re-
slstance was not more than enough to en-
able them only to hold their own while a
small number by positive weakness gave
a slight irrcsularity TO the market
The course OF prices was by no means
determined az once Bear traders operai ed
on the short side OF the market Tor a
considerable period after the opening
They based their position on tho argu-
ment that holders OF stocks were inclined
10 sell on Saturday on The strength result
ing from the bank statement. out u WIS
not long bsfore they discovered that they
had q small following this morning There
We're rumors nying about the hpand that
prominent bear operators Of last week
had been taking NJ long stock again.
Notable strength IN particular stocks, ac-
companied by rumors Of changes OF con
troll helped the market. and tho bears
were finally driven TO cover
Rumors Of the Cars death. Of threaten
ing complications IN China aud of inter.
national friction growing out OF the kru-
ger demonstration ia France did not aid
The bears much IN forcing lower prices.
London was large buyer in this market
safes 20 that account being estimated OF
5000 shares The Southern Railway
stocks were In special demand Many ru-
mors were current Of developments IN the
company including an alleged lease 10 the
Pennsylvania and coming increase OF
dividend. No authoritative sanction could
be had for any OF these rumors The
common and preferred stocks advanced an
extreme points each. Strength was radi-
ated first 90 the Southern group and then
70 the Southwestern ia which some strik-
lng gains were recorded Roth the pre-
erred stocks, on which dividends are paid
o. are earned. and the bow priced common
stocks for which dividend prospects are
remote az the best. were affected alike.
These stocks held a prominent place N
the advance. Gains in the group ran from
J 90 nearly 3 p0ins. The more uorthcrly
grhngers came into the movement. csneC-
ialiy Burlington. but did not show
marked strength The leading specialtles
were very strong. including Sugar and
Peoples Gas. The local fractions showed
good recovery and Consolidated Gas was
ttHHl
stocks were decidedly unsettled ard steel
ard Wire showed acute weakness AZ times.
Reports Vere current 81 sarlous eentra-
versies between the great combinations in
the trade.
Amalgamated Copper gave way on 40
count Of tho meagre details OF the con-
dilious and resources OF the company 3
statement 10 tho exchange to secure ad-
mission Of the stock 10 the unlisted de-
partment. The drop in this stock and =
disposition 20 realize made the tone OF the
closing unsettled and prices were below
tho best But the gains in the railroads
were well maintained Money con,inu a
easy here and hardened IN London result
ing Ia higher rates for sterling exchange.
There was a very large buying OF 81.
Louis Southwestern bonds. The market
otherwise was strong and quite octive.
Total sales par value 81. ls0Oco
United States refunding twos when is-
sued and the fves advanced q. and the
threes = per cent on the last call
The total sales of rtocks to-day were
soi 2oo share. including Atchison q. 90.
Atchtson preferred. 800. Baltimore and
Ohio, 500; Chesapeake and Ohio q. 500:
Chicago. Burlington and Quincy 1850,
Louisville and Nashville. 70 So. Manhat-
ION. $500. Missouri Paclhc. - 20. New
York Central. 900. Missouri Kansas and
Texas preferred. $50. Norfolk ana West
ern, 500; Northern Pacific. 1900. North.
ern Pacihc preferred, $500: Pennsylvania.
1000. Reading FIRST preferred. $500: 81.
Louis aud san Francisco. 500. st. Louis
ond San Francisco second preferred. 500.
81 Louis Southwestern. 500. ST. Louis
southwestern preferred. 400. ST. Paul.
$500; southern Pacific. 1910. Southern
Railway lss. 30: Southern Railway prefer
red. i0.soo. Texas and Paclhc. q 900. Union
Pacific. ge0o; Union Pacific 100. Anal.
Rsmoted Copper. 1900. American smeIt-
lng $500. American steel ana Wire. a.
300. Tin Pate. oSo American Tobacco.
500, Brooklyn Transit 800. Continental
Tobacco. 1000. Federal Steel. 1890: Peo-
pies Gas 1900. Sugar $3.50. Tennessee
Coal and Iron. 500. United States Rub
Der. 6.000