The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-10-19

prices Of stock became exceedingly varied
and irregular to-day under the operations
Of conflicting speculative forces. Those
forces were largely professional traders
in stocks. aud they conducted their op-
erations with free hand and on large
scale.
So far as the surface Of events showed.
large and influential bear party inau-
gurated a campaign for a decline to-day.
There was open selling by an interest
which was long persisted on the long side
% the market and for whose account
there was large selling to-day. not only
stocks In which there mas been open buy.
ing for some past. but in other stocks all
around the room. on the other hand
there was resistance offered 10 the de-
cline by the manipulation ,of various
special stocks with resulting sharp al
Nanccs.
In Union Pacific the selling 20 realize
vas on an enormous scale blocks OF
thousand shares ana upward coming out
frequently Considering the volume OF
dealings the narrow movement OF the
price g. a pretty good indication Of
continued heavy buying demand. The
stocks extreme range was - which
measured the full decline and IN the late
dealings there was fun recovery. The
heaviest selling pressure Tor the day was
ia stocks which have been recently the
center OF bull operation. Pcnnsylvania'
Baltimore and Ohio Southern Pacific
Atchison preferred and Louisville and
Nashville were conspicuous in this cate
CORY.
The FIRST notable rally was Ia the iron
and steel stocks which were suddenly all
advanced around by rapid steps from To
"a. Prices Of the group then feil back
but points OF strength developed else
where. The movement ia New York Cen
tral and stocks Of allied companies. which
are expected to come in close relation
was a notable one There were sub
stantial gains IN all Of New York. Chicago
and st. Louis stocks. the FIRST preferred,
selling up points on "A single sale, ana
closing points higher bid. Lake Erie
and Western and Canada Southern rose
from ! 20 3 points. Chicago and North
western the Denver and Rio Grande
stocks and a few less conspicuous rail-
road stocks also came Ia 20 the late move
ment. which spread throughout the Inst
Sugar rallied sharply ~ points and the
closing was firm and at rocoveries. In
ternatioual Power was conspicuous for a
slump Of gA points on the execution Of
a small selling order
The market was strictly professional
throughout and the news Of the day had
little influence on prices. The course OF
sterling exchange continues upward. ow
ing 70 the falling on IN the supply Of cot
ton bills and q u not expected that any
further gold will be drawn 10 New YORK
under present conditions.
The bond market continued Irregular on
a fair volume Of business. Total sales par
value. n.7l5ooo.
ccut on the last call
The total sales Of stocks to-day were
81 100 shares, Including Atchison. bAp,
Atchlson preferred. 1918. Baltimore and
Ohio. g7i0 Chicago Burlington AMI
Quincy. 5 40: Louisville and Nashville. g.
40: Manhattan 9705. Missouri Pacific. ~
20. New York Central. u.2s0. Norfolk n
Western. $3.50. Pennsylvania z3.aa0 Read
INK IRE, preferred iig0o. 81. Paul. 600.
Sou hcrn Pacific. HOS. Southern Railway
Ga0; Southern Railway preferred. 5.s-5
Uuien Pacific. Bi2i' American Smelling
and Refining $50. American steel ana
Wire. 1850 American Tobacco. a't".
brooklyn Rapid Transit 1850. Federal
st,el s.o55: Peoples Gas. 1865. Sugar a.
sci. Tennessee Coal and Iron $3.50. United
states Leather. l7it5