The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-06-21
STOCKS AND BONDS.

New York, June 20.-The market made
some headway during the early part OF
the session against depression, and an
average level of prices materially above
last night was established. Room traders
were inclined to take the long side for
turn. under the impression that the mar
ket hal been overs Ii ana a rally was
due. Blu before the end # the session
large offerings of stock we're thrown on
tn mari ct, embracing all the principal
groups Of securities dealt in. Earlier gains
were more than wiped out the decline
from the b st in the active railroad stocks
running from l 10 ~. The net losses
were mostly fractional but some Of the
specialties show wide declines and the
same is true of some Of the dormant
ocks which have not been dealt in dur
ing the la e period of weakness.
The chief ground of the early strength
IN the ma ket was the higher range OF
prices from abroad and the disposition
Of London to buy stocks here. 1t was
evident that a more cheerful view was
taken IN forei n quarters of the stu
ation and British consols hardened
shade, in spite of the stiffening of the
London money market. The chief infiu-
ence in turning the tide of sentiment to-
W rdS the bear S de was the acute weak
ness developed in sugar and Brooklyn
Rapid Transit and in other specialties IN
sympathy.
The bears at acked the Brooklyn stocks
with greet confidence and encountered
little opposition in forcing the price down
On accoun of yesterdays jud cial opinion
against the legality of ten-cent fares.
After selling at SAG in the morning the
och was forced down to 60ia in the late
dealings. The drop in Sugar extended to
ever points and was without special ex-
planation. All of the gas stocks were
a1utely depressed, the decline extending
10 IA in Peoples Gas. Other declines
were Cotton Oil preferred 5. The Tobacco
stock. Gen raj El ctrc and New YORK
Air Brake, from IA to 4. These violent
declines had a sympathetic effect on the
whole list. Weakn SIS in the railroads was
aggravated by the renewal of crop dam
age reports and not only the erain-car-
rying roads, bur the cotton roads also
were affected by this cause. Some OF mo
selling was said to be Of stocks held by
bankers for collateral which had been
held for some time past to give opportu-
nty to the customers Of the firms CON-
cerned to take up the stocks.
The money market hardened ap7reciaoly
aud the possibility of quick inroads on
the small surplus reserves Of the banks
receive Increasing atten ion. To-tays en-
gagement OF $1,000 OF gold for snlp-
ment to France was about what wAs
expected and ster'irg exchange $ on
u der the offerings of bills against tho
shipment.
Discount rates hardened both in Lon
don and Berlin and sterling exchange fell
a fraction in Paris so that II is consider
ed probable that the demand for go d Is
not yet satisfied and gold is expected 10
so our on Saturday.
The bend market was dull and prices
W re lower. Total sales, par value 81
20 COZ.
United States new SIS declined 4 in me
Bill Irces. "a,
To-days total stock sales were S5l 9oo
sFa~es, including Atchison preferred L.
$40; Baltimore and Ohio, 6,s95; chicago
Rock Island and Pacific. 1000 Chieaeo'
Burlington and Quincy 1'425. Manhat an
Il $50; " TT poltau, 600; Missouri Par
&c. $50; Northern Pacific, 2647; Penn-
sylve MIA, 8 200 Reading first preterreo'
$50; 81. Paul. 1855: Southern Pacinc'
II IS; Union Pacific, 9so5; American 10
tacco. 81 $50; Brooklyn Transit, g zIi
z, deral Steel, 5Og0; Peoples Gas, s'S'"'
Sugar a $50.
New York Stonk list