The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-06-02

many weeks past The dealings wera 20
large extent concentrated in.a linoi+ad
NUMBER OF stocks, but there was na,,ar-
theless a broadening of the marker ana
] general gains throughout, even in the les
atit. STOCKS. The industrials and sDe-
We're emphatically relocated TO
80 Dachsround and. with the exception
notable points Of strength or features ~
activity in that department.
~ was movement of railroad stocks do
claeuiy, and, the advance was nade in
my iace OF a number of incidents which
~ouio nave been quickly seized upon Nv
70 sre DedIs IN the lately prevailing temper
OF speculation to force down prices r.
day, on the contrary the outstandiro,
shorts We're eager to cover their contrac,s
a'u, Wheh they sought to secure stocks
1hey Iound very limited amount Offered
aho the resulting rise in prices was renid
aho sharp. Whatever the source of the
0eIlahd' was large and urgent. and
,iiaue us way through all offerings with
10 apparent doubt or hesitation. If vrag
reported in Wall street thai largo sbor1
aSoount, amounting to over 10000 shares
VI various stocks. was being closed ont
preliminary to a European tour
Inc buyfng In some individual stocks
VAS attributed to operations by pool
ne Iacts disclosed Individually by the
nc
were on much larger scale than for
some time past, and that only liberal a..
Eehces' N the bidding for stocks would
orlng out the desired offerings. The onsn-
ing OF the market disclosed a mood ~
oppression over the disappointing effect
OI the war news on foreign markets. LON
oon sold about as many stocks in III.
market as were bought for tba+ aooo LIS
YESTERDAY and dragged prices below lass
night level. The steel stocks &C.,
lraeuohal advances turned heavy on M
news OF the closing down of addition,I
minus, ana offered no support to the mar
ne, Ior the rest Of the day Sugar hung
:, r.. ilst nishe prices all day, and was
a drag on the market.
the strength in the tobacco sstooks u,o.
the only notable element of STRENGTH -,
me industrial department. A nnn1ha,
OF reports from April showed gains Il,
the gross earnings more than wined o,,t
ny Increased operating expenses, bringing
,he leVei OF net earnings below that of
fas. year. But these reports were ignored
and caused no check to the unp,a "a ta ~
dehcy IN the railroad list This found it,
inception in the Granger eroup and e,,raa a
20 Uh-on Pacific, the Atchisons ana Nis-
sour Pacific. II was attributed to tha
IaVoIaDie crop weather prevailing in the
west Later in the day the trunk lines
came INTO prominence, led by the palts~
more and Ohio, the common rising roints
ana the preferred 2Ss, and Pennsvivania
Reading first preferred and I.ackawanno
rose from rs to 2l2. The decline n, the
movement of currency from the interior
ior the week was counted as an ennourao-
ing FACTOR. The net receipts bv the hanks
from mat source are estimated at about
$z'VO'OVo, compared with over s.. 900 600 lesf
week 1t is hoped that this viii prove the
turning point towards a revival of trade
activity in the interior The market closel
active and strong az the best.
There was good absorption of railroad
bonds at advancing prices. Total sales
par value, 81, 495, 600.
United states refunding 2's. when issued
declined a, and old As advanced Il in the
bid price. 70 - 'iie
Total sales of stocks to-day were 491 :
800 including Atchison. 1S4O; Baltimore
end Ohio, l2,Ss5; Chicago. Burltnpto1
and Quincy, 25.e65; Rock Island eSS1
Manhattan. 5000; New York Central e
s95; Missouri Pacific, 10 075; Northern pa
citic, 5000: Pennsylvania. 16, 400: Readino
tlrst preferred $50: st. Paul. % 45o,
Southern Pacific. 1885; Union Pacific %
99o; do preferred 1850; American Steel and
Wire, Isis American Tobacco. 10 79o.
BROOKLYN Rapid Transit l1735: Continen-
tai Tobacco. 1875; Federal Steel 12O65.
Peoples Gas. 51SO; Sugar, 81, 1876.