The Savannah morning news., 1900-09-22
STOCKS AND BONDS.
The Market closed with small Net
Gains scored.

The Market Closed With small Net
Gains scored.
New York. Sept. 2i-There was consld-
cradle further liquidation in to.day's
stock market, but prices showed some
resistance all day aud IN the later trading
there were quite general recoveries Of all
the earlier losses and small net gains are
the rule The late recovery aid not how
ever bring prices fully up to the open
ing lavel
Buying by srbitrage brokers when the
market opened here WAS responsible tor
the advance and the buying for London
account was estimated at close 90 el0o
shares The professional operators len
New York seemed suspicious % the rise
In London and OF the high opening made
IN some % the specialties, notably Sugar
ana Brooklyn Transit They therefore
sold those stocks with assurance az the
high level. Yesterday rather violent de-
cline had the inevitable effect Of attract
Ing considerable selling orders from out
side sources. Prices therefore yielded
very generally after the opening. and de
clines ranging from ! 10 IA were affect
Cd IN a long list OF stocks Peoples Gas
was especially ame-ted. ana lost "a ana
General Electric az much Louisville was
the weakest OF the railroad list and fell
at one time a point under last night some
wider declines were made by newly awak-
ened dormant stocks Considering the
range Of this movement the days hnal
changes viii be found surprisingly small;
a contamination which suggests gener-
al closing up OF speculative accounts.
That the shorts were buyers on large
scale was palpable. and the circulation OF
the fsvorite canard Of the Presidents
death went 10 show that the bears were
rather hard pressed. The forecast Of an
unfavorable hank statement. the develop
ments in the miners strike and the re-
port that an agreement between steel OPP
eratives and their employers seemed i'm
probable di1 not appear to weaken the
market. as they had been discounted by
yesterdays selling. The report OF the
weeks currency movement indicated
loss In cash by the banks OF Ss00o 000 or
upwards OF si.000O0l more than last week
This showing disposes Of the superstition
that last weeks movement WAS made alb
normal by the movement OF the relief
fund 20 Galveston. further loan eN-
panEion Is counted upon with confidence
IN view Of the large remittances known
10 have been made on account Of the Ger
man loan payment which Is certain % be
reflected IN the loan item OF the banks.
There is every probability. therefore. OF a
further substantial inroad upon the sur
plus reserve.
Bonds continued reactionary ana did not
rally with stocks Total sales par value
$4,000 United States Is and new Is de-
cllned a per cent IN the bid price.
The total sales of stocks Today were
81. 700 shares. including Atchison. 1880.
Atchison preferred. 1890. Baltimore ana
ohio. $50. Burlington. ll.770; Cleveland.
Cincinnati. Chicago and s. Louis $3.50.
Louisville and Nashville. l0.as5; Missouri
Pacific. $40. Northern Pacific. 100; Penn
sylvania. 1. 800: Reading frst, 7.iso, 81
Paul 1870: Southern Pacific $50. Tn
ion Pacific. 2iisO Steel and Wire 70o:
Tobacco. 3 $50. Brooklyn, 1871. Peoples
Gas. 0.Oi5. Sugar. s7S9O; Tennessee Coal
and Iron. 1900. sugar, 81 $50