The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-24

marked extent, or to hold what moderate
gain was mode.
Its extreme range was "a, and it cos d
with a net loss of 81. The street was
flooded with "tips" this morning. promis-
ing a repetition Of yesterdays sudden
iump. and the professional traders took on
stock quite ibera.ly. The clo.i1g odt OF
short contracts yesterday left the marAet
without support on that account, ond the
bnving did not extend much beyond TIE
ranks of the professional buLs. IN spte
of the announcement CT a further advance
OF 10 cents a hundred pounds in reinud
sugar made by the American Company,
and followed by the other rstineriss, taers
was not sufficient dc nand for the stock to
enable the traders TO take their Ironts
and the price was brought back to about
where ID started under the pres ure OF that
process. T0-oay's advance IN the price
of refined sugar makes q total Of Is cents
a hundred pounds during the week, and
the quick responses made by oil the com
panies to the advance gave color TO the
persistent assertion that working agree
ment has been arrived at between the III
val companies.
The fact of a concurrent advance at the
end of the dull season in the trade and
with the large demand incident to the
canning season to be met detrscts from
the protestations made with official
sanction that business is conducted under
present conditions on ruinous terms ana
that an irrepressible conflict still rages
between the refners. American Tobacco
made a further advance to-day, which was
better held than that of Sugar. aud the
price of Brooklyn Transit was tit up
sharply when large buying orders were
detected In the stock. In the general list
there was some show of frmness early In
the day, but il was not well he'd In any
case, and prices of some railroad stocks
drifted below last nights level. The Pa
cifics made The best show Of strength, IS
pecially Northern Pacific, which was af-
fected by rumors of an increased dividend
rate, and was benefited also by the timely
rains in the Northwestern wheat country.
The buying Of Nor ,hern Pacific was at
tributed, in part to Berlin account. In
teruaticnal houses were sellers on~balance
to small extent in the foreign markets,
continuing generally Depressed.
A. number of the large professional op-
orators In stocks are preparing for vaca-
ton trips to Europe, and some of the buy
ing of stocks Is said 70 be the closing
out Of accounts on the short side for their
benefit. The small shipment Of gold for
Europe announced during the day was not
unexpected. and had little effect on the
stock market 1t is understood that it is
made possible only by special Inducements
offered by the Bank of France the oc-
casion being the special needs for cur
rency incident to the exposition.
The bond market was duh. and small
and irregular changes in prices were the
rule. Total sales 81. 100000. United States
new As registered advanced Il and Cd
as and SIS declined Il in the bid price.
Total sales of stocks were 294500 shares,
Including Atehison preferred. 55s5; North
ern Poetic, 14767; Reading first preferred,
1850; Southern Pacific. 66D; Union Pa
cific, L, $50; American Steel and Wire, s.
1855; American Tobacco. 1860; Brooklyn
Rapid Transit, 1896; Peop.e's Gas, 5,575;
Sugar. $3.50.