The Savannah morning news., 1900-09-08

81 tho influential traders who have been
away for the summer.
Efforts by a bull clique were IN evidence.
but they met with only moderate success.
Their method seems 10 be to pass from
one stock 90 another on successive days
seeking some appearance OF continuity In
the movement by manipulating stocks IN
which the interests are allied or which
are mutually affected by some develop
ment OF conditions
To-day Missouri Pacific was tho favor
re al an extreme advance from the low
point OF ~. with dealings on quite a large
scale. The attempt was made 70 make
this seem logical sequence OF yesterdays
movement IN che Southern Railway stocks
ana ST Louis Southwestern preferred Was
brought Ia the talk in close relations with
AlisosuT. Pacific and OF benefit from The
prevailing high price Of cotton. Mean
ums the Southern Railway stocks, Chesa-
pcake aEd ohio and Southern Pacific and
other stocks which had been under manip-
ulhtion EARLIER In the week were held back
by profit taking. The fears of strike Of
an'hracitC minerr was depressing factor
and Reading firsi preferred. Delaware and
Hudson and New Jersey Central were OF
from TO iis ~ times during the day.
Liquidation tn the coalers was not large.
however. LuadOn was a seller IN this
market. owing TO uneasincss on account
"f the anthracite situation and % arafr
money rates IN London. The holiday II.
London Tomorrow also indu1cd some
closing out Of accounts.
In the list OF speciauies. Peoples Gas
and Brooklyn Transit were the most con-
spicuous figures and. owing to the fact
that the identical interests in the two
properties are large. the contrary move
ment In the stocks was strange In the
late dealings this opposing movement was
rather palhably due 20 manipulation.
BROOKLYN Transit gained points net. the
demand from The short interest playing
"a part In lee strength Municipal polit-
zeal developments were also factor in
the movement.
Sugar moved narrowly on n small vol
ume Of dealings. minus the dividend
which was declared early in the week and
closed with a small net gain. The steel
stocks were rather quiet and irregular.
Tennessee Coal rallying sharply from yes
terday's depression. The money movement
for the week Is interesting az showing an
excess OF shipments over receipts by ex-
press for the first time this season
The sharp decline In New York ex-
change an Chicago from % cents discount
yesterday 10 fifty cents discount to-day.
explains the source OF the demand
though money has gone out quito freely
20 che South also during the week Gains
by substreasury operations due 20 pay
ments on account OF government bond re-
demptions and OF deposits or gold ~ Pa
cihc coast points leave a large margin OF
gain TO the banks. the Indications being
that the increase In cash reserves has
reached over a million dollars
Continued liquidation Of Kansas City
Southern bonds was the feature Of the
bond market. Trading otherwise was
small Total sales. par value. ss650oo
United States old a. advanced a In the
bid price.
The total sales OF stocks to-day were
iss. 500 shares. including Missouri Pacific.
2. $50: Reading firsf preferred. 7.leo; South
crn Railway preferred, SOS: Brooklyn
Rapid Transit. ss.e95; Peoples Gas. 2s.5i0:
Sugar ex-div.. $500