The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-10-31
STOCKS AND BONDS.
The Movement Of Prices Sluggish
and Irregular.

New York. oct. 20-There were only one
or two movements OF any interest or i'm
portance on the Stock Exchange to-day.
The market fell into a state OF semi-siag-
nation az times and moved sluggishly and
irrcgularly with no other power than the
opera lions OF the professionals. who
sought TO make a days trade There was
a very marked lack OF orders through
commission houses. which were a feature
last week
The apathetic aspect OF tho market was
not explained by any important news Of
the day. but was the outcome largely OF
the conservative spirit Of caution, which
Is not unusual IN the closing days OF a
national campaign There r. some un-
eAsiness lest the speculation on the part
OF tho outside public has over discount
81 the conditions expected 70 develop after
the election IL out Of the way. II Is be-
lleved there were large speculative hold
lngs a. the market which look 70 tho
demand for stocks expected 20 develop
after the election 20 afford a medium for
realizing their profits Substantial inter
ests IN stocks do not care TO see the
pressure Of realizing come too heavily
upon the market az that time. They are
dispose ed therefore. 10 discourage further
speculation al this time. There has been
some disnosltlon on the part OF the com
mission brokers 70 call for an extension
Of rnnrelns The risk incident 20 the par
ocular period Is alleged as the ground.
but IL is thought not improbable that en-
forcenent 81 conservative views on spec
ulation may be an Interior motive Of the
commission houses.
This morning. markets showed some
remaining effect from the raliying ten
dency OF yesterday. But the buying eN-
aaustcd itself soon after the opening ana
prices drifted 20 a lower level. The poor
Showing OF net earnings for Sept cGnher by
Northern Pacific caused the reaction In
that stock from yesterday strength on
tho marketing OF some very large blocks
Late In the day Southern Pacific, after
holding firmly an through the early deal
lngs shot 40 Z2 on concentrated ana
boavy buvlug The stock was bought
early for London account. seemingly on
satisfaction over the choice for the new
executive An almost endless stream OF
stocks was poured out when the price
reached 81. but all offerings were conf
dentially absorbed and the price finally
rose to that figure but buying was then
relaxed This late movement had sym
pathefic effect on the whole market ana
pallcd some Of the railroad stocks above
last nights level There was some
strength among the leading industrials
ana specialtles. led by Sugar The iron
and Steel stocks we're inclined 70 advance
after some early heaviness, in sympathy
with a loss OF IA IN Tin Plate. Tennes-
SEQ Coal waa notably strong Pittsburg
e G and ST. l. fell nearly points on
hight selling and Natio1al Lead preferred
lost ga The money market was easier
ON a relaxation on the demand, rather
than any additional supply
The tendency OF bonds was rather
easier. but points q strength developed In
tine market a. the day progressed. Total
sales. par value N.2i00O). United states
bonds were unchanged on last call.
Tho total sales Of stocks were 1850
shares. Including Atehison, ses5. Atchi-
son preferred 9o93. Baltimore aud Ohio.
i, 40. Missouri Pacific. io520. Northern
Pacific. a. 10. Pennsylvania. si9; 81
Louis. Southwestern. e2so Southern Pa
efHr. Ts0s. Union Pacific 1880. Tobacco.
700. Brooklyn RAPID Transit 1875 Con-
tiuental Tobacco. iioJ. Federal Ste'i.
6lgs. sugar 81 $50. United states Leather
10