The Savannah morning news., 1900-07-14
STOCKS AND BONDS
The Market Still Dull From
fects of ReInrxa

New York. July 13.-To-day's s,o..
market wes but duh and uninter.st,.N
affair and marked the further relapse fro1
the manipulated rise of the earlier -
of the week which came into erida-.
yesterday. Selling TO take profits was ~
order of the day and the bears mn, .''
some fresh short lines.
That neither of these operations vss
a very extensive scale is sufficientl,-
by the small figure of the total ssla. =.
the day and the greater part of even ~. VI
small dealings took place in the fore,asse
when the bull interests were stiu ,ooLt.'
futile efforts to continue the advsrots
The efforts were not put forth in the onor
ing transaCt tons and the synpa thetic \.
preston from foreign markets was =,
lowed its fun effect. The weakness tbsr.
was due to renewed fears regarding ~.
Chinese situation and TO the mishan IA ~
British forces in South Africa The erao.
here was purely sympa thetic. and when :.
was seen how small the selling for Lon
don account was. the bulls bra,ed ,bsi.
energies and attempted to resume oo7,r.,
of the market.
The pressure of profit-taking. which ma.
the advance when last nights Level ~
prices was approached, discoura ged thA =,
tempt and the market was allowed "a
lapse into an almost iifeless state ~
sharp break in the wheat market vbioS
might be fairly construed as indicatin,
more hopeful feeling regarding the c-cn
was powerless to sustain the stock mar
ket. Small as the offerings were thsv
were sufficient to drive prices sharp,y h.
low last nights level. The grangers
Southwesters and some of the Southern
Railroad stocks were most notably effect,
ed, but there were examples of week.-mrs.,
all through the list both of railroads ana
specialties The steel stocks became no
tally weak late in the day on a CROWNS
apprehension that the general reaction "a
business will curtail the consumntive 70
quirements for iron and steel, whatevsr
the ultimate basis of prices may be
\ further advance in the sterling ey
change rate, the hardening of the London
discount rate and the continued drain IN
the gold reserves of the Bank of Eng
land led to the opinion among interna.
.ional exchange houses that further shin
ments of gold from New York 70 Paris
are likely to be made next week Fstl
mates of to-morrow's bank statement ara
rather tentative in view of the discrep-
ancy last week between the preliminary
banks seemed to have gained over a m / ion
dollars in the sub-treasury during the
week and the movement of currency from
the interior, though considera by reduced,
is still in their favor. Call loans fell to
l per cent. this afternoon and the prob.
ability is in favor of an increase in sur.
plus reserves.
The bond market continued dull and the
changes were mixed. Total sales mar
value. 81 $4,000.
United States bonds We're unchanged In
bid quotations.
The total sales of stocks to-day were
19O,@0 shares, including Atchison preferred
1870; Burlington, 1875; Rock Island Il 200;
Louisville and Nashville, 6,563; Missouri
Pacific. $50; Northern Pacific. 1000;
Southern, --; Reading first preferred
$3.50; st. Paul $3.50; Southern Pacific,
500; Union Pacific, S1,14O; Brooklyn, H.
$685. Federal Steel. 6,0S5; Sugar, $3.50.