The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-10-02

Market Advanced Win show of Au-
imation.

imatton.
Sew York. Oct 1.-The stock market
reflected tho operations Of professional
dealers on a larger scale to-day than for a
long time past. as a result OF the arrival
ln New York from summer outings OF the
majority OF the more influential element
among The professionals.
The market advanced with a consider
able show Of animatio and strength. Tho
movement was clearly apart from any
forced demand from the shoIt interest
such az played a large part Ia the spas
modc upward movements Of last week.
This was made dear hy the comparative
heavincss all day OF stocks which have
shown tho most pronounced weakness
lately and IN which y distressed short In
terest would naturally make itself more
evident Notwithsianaing the streugth
shown by tho bull contingent they we're
unable Co maintain prices 90 the close and
the tone was therefore heavy az the end
aud prices were considerably on from the
best Because Of the brokers who were
employed iu the buying the rumors circu-
lated on the exchange that % represented
operations FOR The account OF wei
known steel mlguate. who has already
electrified Wall street on one occasion this
year and who D. known TO command an
influential following The pleasure Of tho
room traders 30 this hypothesis was not
altered hy the qulctnees Of American steel
and Wire. which forced the traders 30 the
exclamation adopted by the jealous nus
band iu the play that this absence OF
an signals must In itself be a signal
The movement ccntered ia Union Pa
CITE. which was ahaoAcd IN very cQnh-
dent manner and in very heavy blocks all
dav An extreme rise Of "a resulted. The
Southwestern railroads moved In sym
ratbv. hut no, 80 widely New York Cen
trat and tho cleveland. Cincinnati. Chica-
go and 81 Louis stocks were strong. IN
auencod apparently hy tho rumors that
the latter b. 60 be absorbed by the former
a. other subsidiary roads have already
heen absorbed. The leading iudustrials
th. local fractions and some Of the steel
etorkg rose from 90 "a points ana Press
ga steel car rose an extreme 5A. raid
boz the late dealings on Tennessee Coal
which carried that stock ia under satur-
ray unsettled tine market
.rbe coal strike seemed 20 b. ignored ana
the coalers 40 . whole moved contrary 20
,be market The professional bulls pro-
f.-aed greatly Increased confidence over
tba money outlook. Notwithstanding an
advance so the call loan rate on the eN-
change 40 "a. per cent. The CONTINUED
marked weakness OF sterling exchange
witch was quoted fsr 20 the pound under
Inc rriday rate Tor demand sterling gave
further ground for the expectation that
rola NAV come 30 from Europe. Discount
ratse we're slightly easier IN London. and
tbere was relaxation alec IN Berlin.
vhere the relief there Is great az the sue
,...sftl termination OF the stock exchange
.ettimsut The easiug of the money rate
Ia chose rentere in spite of the suggestive
decline OF exchange rotes al New YORK
loads To some claims that the diniculties
t.s.r. tho foreign money markets have
t,en exsrHcrnted and that gold can be
s.,r.a f.r New York without precipiia-
~ a crisis II cannot be said that this
,isy, meets with much favor outside the
s,.-rui,tive Urncut which was engaged in
,',,,,ipa up prices to-day. The bond mar
~, continued irregular and the dealings
y. small SCALE Total sales par value.
t..aoo limited siuss rsfundius two
,s,es issued advanced = pr cent IN the
hid mice and new f0urs declined =
The t0tal sales 81 stocks to-day we're
ati f-o shares. Including Atchison. 1852. %
preferred, $3.50. Burlington, b,iSoi Man