The Savannah morning news., 1900-07-19
STOCKS AND BONDS.
Truce in the Bull Ranks Leaves
Stocks Inactive.

Truce In the Bull Ranks Leaves
Stocks Inactive.
New York July 1S-The bull party de-
sisted from their efforts to advance prices
to-day and the recent appearance of ac-
t.vty due 10 their operations, promptly
gave place again to something near to
stagnation. While the pressure to realize
was not severe, it was evident that the
recent demonstrative buying by the bull
party has failed utterly to attract any de-
mand from outside sources, so that no
market is offered for the taking of pro-
fits.
Predictions of dividend action on Bal
tinore and Ohio are so far discredited
that stock went backwards to-day, and
even Union Pacific, which has been ad-
vanced by much more aggressive man
asement, fell back almost as much, the
latter losing IA net and the former 1S.
The increase in the dividend rate of Him
dis Central apparently cid not add 10 the
credence given to predictions of other DIV
idend increase. Yesterdays violent rise
of points in Pacific Mail and the strength
OF the Pacific Railroad stocks was more
fully explained by to-days detailed re-
ports of the charJering of steamships in
the Pacific by the United States govern
ment, and in the Atlantic by the German
government for use in the Pacific to trans
port military supplies to China. But the
inviting prospect thus offered of lucrative
traffic for the trans-continental railrosd
lines was offset to-day by some other con-
sderati tons Of the results to accrue from
war in China. Wall street has not given
much attention hitherto to the check IN
export trade in textiles caused by the un-
settlement in China. The uneasiness caus-
ed abroad by reports of Boxer inroads
upon Russian territory brought sales OF
securities in New York for foreign &C
count and a reminder that forced lioui-
dalton abroad might throw considerable
burdens upon the New York stock mar
ket.
The days shipments of gold were re-
Election of the money needs of foreign
markets, which are not unlikely to gro"
acute If the government expenditures FOR
war preparation should become large. To-
days engagements amounting to 81, 000On
were more than a million less than was
anticipated
The immediate continuity of the gold ex-
port movement is felt to be in some doubt
But If military operations are to be car
ried on in China the needs of foreign gov"
ernments for capital will pretty certainly
converge upon New York, as this is now
the cheapest money market in the world
But uneasiness is caused by the conjec-
ture as to the effect upon the New YORK
money market when the interior demand
for moving the crops is added to the FOR
egn demand. The money market in New
York continues very dull, but funds TOR
time loans for the longer periods are
S arce.
The bond market continued very duii
and the fluctuations were uneven. Total
sales par value 1906, COO.
United States SIS registered declined Y
and the new As u in the bid price; the ~
coupon advanced a and old As u.
The, total sales Of stocks to-day were
10000 shares, including Atchison prefer
r d, 1920; Baltimore and Ohio. 6.2S5; Cnl-
cago. Burlington and Quincy, 1872; INN
els Central $500 ontario and western
700; 81 Paul. $3.50; Brooklyn Transit 70
9S5; Sugar. $3.50