The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-08-01
STOCKS AND BONDS.
Some Animation Given to the Closing
Dealings.

New York. July 31.-Some animation was
given to the closing dealings in the stock
market to-day by the conflicting move
ments of prices engendered by the upward
squirt in Union Pacific and the realizing in
Sugar The break in Sugar proved the
more effective in its influence and closed
weak a about the low level of the day,
after having shown considerable gains in
many stocks at an earlier period. The
trading was dull, and continued entirely
in professional hands.
The early strength was reflected to some
extent from the foreign stock markets,
which showed decided relief over the re-
liable tenor of the news of the safety OF
the ENJOYS in Pekin. The small COM
mitments on the bear side put out yester-
day were closed up, helping the rise. A
number of statements of railroad net earn
ings for June published over night were
factors of strength. This was notably
true of the Pennsylvania report on ac-
count of the extent of the territory COW
cred by its lines and the exceedingly va
ried character of its traffic (which makes
its statements valued as accurate conol-
tons in the general railroad word. The
stock of the company advanced ~ under
this influence, and the price was well
held through the latter part of the mar
ket, affording striking contrast to the in
difference with which June reports or
some other railroads were received.
The large net increase shown by the
Atchison system did not avail to hold the
stock and Burlington after rising
sharp fraction, fell below last nights level
on realizing when its statement appeared.
The per cent. semi-annual dividend OF
Union Pacific had been counted upon with
certainty on account of the authoritative
character of the promises made. A reac-
ton Immediately followed by large and
aggressive buying for inside interest,
which carried the stock up 15s. This
strength was ineffective in pulling up the
rest of the list. in which the high Level
of the morning had been availed of to re-
new yesterdays realizing movement.
Sugar fell abruptly to 1904, an extreme
declire of points, and American Tobac-
co suddenly dropp ID points in sympathy
Metropolitan showed marked weakness
and the whole list fell to the lowest, I'm
ion Pacific yielding fraction. There was
some evidence of a speculative contest be-
tween the frie ads of Union Pacific and
Baltimore and Ohio on account of the at
tempt on the part of the bulls on Union
Pacific and bears on Baltimore and Ohio
to draw unfavorable comparisons between
the price of Union Pacific and Baltimore
and Ohio with dividend action Set to be
taken. Brooklyn Rapid Transit continued
iatueI active No-uTSf pul 'he hlONeHi0"N
was not wide and the stock saved a frac-
tonai net gain. There was a slightly
firmer tone to sterling exchange to-day in
spite of a shading of London discount
rate. The question of gold exports this
week remains undecided, with to-day's
conditions against the proba bility.
The bond market was firmer to-day, but
very dull. Total sales par value, $3.50, 900.
United States refunding rs declined ",
and the as, old AS and SIS u at the last
call to-day.
Total sales of stocks to day were 209,-
400 shares, including Baltimore and Ohio.
S,S75: Chicago, Burlington and Quincy,
$3.50; Pennsylvania 14,0i0; Union Pacific,
80, $50; American Steel and Wire. 6,05;
American Tobacco. 105,S5l; Federal Steel,
$3.50; Sugar, 59,0S5; United States Rubber.
5,OS2
New York Stock List
irr.