The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-12-29
STOCKS AND BONDS.
Liquidation on 81 Large scale De-
presses Prices.

NfesheN
New York. Dec. p The history ~ to
days stock market docs not materially
diner from that 81 preceding DAYS Cor a
long time past. That IL 20 say. seiiing
10 take profits came on the market like
food IN tho opening dealings and tho
professional hears constantly wntchfnl
FOR the first sign u tho reaction which
;hcy know must inevitably come. offered
prices down in an attempt 10 dislodge long
stocks Their EFFORTS were defeated. ~
they mad been on many previous occa-
sions. by the supporting orders which
came Into tho stocks attacked and now
points of strength which were confident
IS marshaied from among she stocks
which have MOI vet enjoyed any consid-
cradle rise
Tho Point wherein to-days market ar
fered from those Of recent Stock EH-
change history was that the proht-taklug
was renewed in force before the close
and the unsettled condition continued I'M
til trading ceased prices at that time
showing wide declines from the best and
In some eases being well below last night.
There were no remaining points Or
strength 20 sustain the mnrkct in this
late break. the ingenuity 81 the trader'
having apparently failed them. or their
Industry ia seeking out new stocks being
overcome by eariness.
once again. tho often-recurrtng cry OF a
year aud squeeze lea the money market
was raised this morning IN connection
win che Opening attack on stocks. Loans
to-day on the stock Exchange carry over
until Monday but this fact coupled with
the vcar-end requirements. failed 10 ere
ate a ripple % trouble Ia the caiiioan
market Only at the opening was per
cent asked and the rate declined from
that point
A strone bank statement seems assured
Tomorrow. In view OF the gain bv tho
hanks during the week from sub-trcasury
operafionz OF s. 57s.D0 aud an estimated
gain on the interior express movement OF
nearly f3O00O0O more The failure 81 the
money market 10 harden was the occa-
sion OF the strong rally from tho opening
break. ln which Peoples Gas BROOKLYN
Transit and Sugar were forced down from
IA 10 points
The sifikiuE feature Of the buoyant mar
ket which prevailed during the middle
norton OF the session was the incon-
stancy Of tho market and demand TOT
sDeciai stocks A rapid price movement
IN an individual stock would be follower
bv a sharp reaction. wh.e the specula-
tive demand would shift hrricdly 70
ether quarters rapidly bidding up prices
/ or 2 or points. Short-iime pools had
no dlfncuity H. nquldating their holdings
AZ a handsome days profit. The hst OF
stocks Ia which this operation occurred
Includes many Of the high-grade railroan
stocks. as well ~ those known ~ ntocN
Exchange parlance as cats and dogs. An
incident Of the DAY was the rise ~ st.
paul above Burlington. This supremacy
vas contested. the friends OF Burlington
raliving the stock again 20 above -.
Paul. but the latter stock closed within
half OF the top and thrce-quartefa ABOVE
Burlington. The late reaction evidently
was due merely 10 a general desire 10
convert paper PROFITS securely into cash.
The demand for bonds was not 20 con-
splcuous as yesterday. but there were
.s,onr POINTS IN the market Total sales
nar value. s. ss5 900 United States old q
advanced =. refunding p x and d ana b.
Z par cent on the last call.
The total sales OF stocks to-day were
sss go shares. including Atchison, $500;
Atrhirou preferred 1920; Baltimore and
ohio. @5oo: Chesapeake and ohio' lAvV :
Great Western. ss.so. burlington, ploos
Rock Island. 1910: Delaware and Hudson.
= loo. Denver and Rio Grande. i0coo'
Fr4e. . 100; Erie first preferred, zoo;
Illinois Central. 600. Louisville and
~ashyIle Zoo; Manhattan. 1890; Metro
polifan. so. Mexican Central. 400; MIS-
-ouri pacific 81 No; Missouri, Kansas ana
rexas preferred. 1890: New fofk ssi'tral,
IA 500; Norfolk and Western Il -n i*efss'
ern Pacific. q 600; ontario and western
4 80. Pennsylvania. 600; Reading nrst
preferred. q. 100: Reading second preferred
IL 60: 81 Louis. Southwestern pfeierred'
80: ST. Paul iD.7o; Southern PACING,
~ 90 southern Railway, 1900. southern
Railway preferred. ESQ. Texas and Pa
enc. q so. Union Pacific. Tl.so: Union
Pacific preferred. 500. Wabash. 300.
wabash preferred. 1880; wheeling. sSo'
steel and Wire. 1890; steel and Wire pre-
ferrad s.eV0: Tin Plate 1910; Tobacco
II 600: Brooklyn. $3.50; Colorado Fuel
7 sno. Continental Tobacco. e.ioo; FEDERAL
sfeei Al so, National Steel. If9o. North
American. $50: Peoples Gas, BOO.
sugar. $3.50. Tennessee, 1850
New York stock List