The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-07-31
STOCKS AND BONDS.
Market Continued Dull but Hardened
Near the Close.

Near the Close.
New York, July 30.-The stock market
continued very duh and professional to-
day, but the field of activity broadened
out somewhat, so as to include more
stocks than in the dealings during the
latter part of last week The added life
of the trading was on the selling side,
and inroads were made upon values at
points that held rema rkably firm up to
this time
Sugar and Brooklyn Transit were the
leaders in point of activity and weakness,
but number of other special ties came
forward into a fair degree of prominence.
1t was still a market of specialties and
railroads were relatively in the back
ground. But there was some addition 10
the attention paid 20 them also. Deal
ings were not widely distributed in the
railroad list, the pressure against the few
active stocks in that department. appar-
emily not affecting the firm undertone of
the railroad department as a whole. The
Changers were most affected, and Bur
lington was the leader of the depression.
with a fall of 112 and practically no re-
covery. st. Paul fell a point and the
decline in net earnings for June of $15590
compared with the corresponding period
of last year was the effective cause of
heaviness in that stock and in the sroup.
Pennsylvania was a point of weakness in
sympathy with London, and was sold
down Ia
The market was not much Influenced al
the opening by the assassination of the
King of Italy and the serious conditions
in China. This was due to the fact that
these events had been Offset in the Lon
don market by the reported surrender of
a large detachment of Beers to the Brit
ish commander. The depression in Sugar
was in evidence from the outset and
was apparently due to a general shifting
OF the professional attitude toward the
stock. There were reports of a pending
strike. which were denied by representa-
tives OF the company. and reports of APP
preaching competition by European refin-
ed sugars invited by the present high
level Of prices. American Tobacco was
affected by profit-taking, attracted by the
recent considerable rise. Brooklyn Tran
sit was under renewed pressure, and fell
back to near last weeks low price, car
rying the other local traction stocks with
it. The steel group dropped under the
unsatisfactory outcome of the Chicago
conference, designed to restrict produc-
ton. Tennessee Coal was active and
weak. falling an extreme points The
stock rallied point
Besides these points of weakness in spe-
cial stocks. speculative sentiment is dis
turbed by the uncertainty regarding the
money outlook, the growing likelihood OF
considerable decreases in net earnings of
railroads and apprehension regarding the
crops. Sterling exchange fell fraction
further to-day. raising doubt whether
gold is likely to go out this week The
tone OF the money market remains I'M
changed and opinions regarding the flu
ture events there are a good deal mixed
The bond market was dull and prices
inclined to go lower.
United States bond were unchanged AZ
the last call on the exchange.
The total stocks sales to-day were e5e-
200 including Atchison preferred Sis;
Baltimore and Ohio. $500; Chicago Bur
lington and Quincy, lo.ie4; Manhattan.
$500; Pennsylvania. 500: st. Paul. Il, 900:
Union Pacific. ll.47o; American Steel and
Wire. $3.50; American Tobacco, 27.715:
Brooklyn Transit, 1880; Federal steel,
500; .Peoples Gas. 5.212: Sugar. so7sO.
New York Stock List
Atchison ........ 25st Union Pacific q. 5sZ
do nref $751; do orag