The Savannah morning news., 1900-10-20
STOCKS AND noNDs.
An Active session with values
Showing Gnlnn.

showing Gains.
New York Oct ig-Thcrc was a very
active market for all classes Of stocks
to-day IN which the 'hull element early
secured the upper hand and maintained IL
with growing success throughout the day
The rise in prices was So considerable as
60 invite free proht-takiug during the
closing hour Of the market But now
stocks were picked out Tor an advance
with such good effect on the general list
that IL was able Co absorb a very large
amount OF the offerings before any effect
began 10 be produced
Prices ran on somewhat IN the anal
dealings, reducing extreme gains 70 a
considerable extent and carrying few
stocks. Including some OF the leading IN
dustrials. below last night. The closing
was thus made irregular and very active
but the average level Of pr.ces was higher
~ result Of the days trading. The adj
vance was contested during the early
part Of the day but not as vigorously as
yesterday No further erect was pro-
duced Than 70 check the advance IN some
quarters without cffoctlng any actual de-
clincs.
The bear opposition appeared 10 be
withdrawn when the course Of prices
turned clearly IN favor OF the bulls and
some OF the interests which were large
sellers yesterday turned TO ne buying side
face which could not escape notice was
hat yesterdays rumors OF further plans
OF amalgamatlon OF the Vanderbilt prop
critics were heard nothing OF to-day and
the concerted advance IN the group came
60 an end. In fact New York Central
itself finished the day with q net loss and
the same was true OF the other members
OF che group. The Lake Erie and West
crn stocks. however. moved up IN the
early dealings. and New York. Chicago
ard St Louis first preferred gained 8
points. II was notable also that yester-
days upward rush In the steel stocks was
desisted from to-day and several OF the
group show net loses. the important ak
cep,ions being the American Hoop stocks.
the Colorado Fuel stocks and National
Tube. Sugar and Peoples Gas were ar
fected by realizing.
This turning from one point IN the mar
ket 10 another Is a characteristics feature
Of professional operation and manipula-
tive processes which clearly played n large
part IN to-day's market. but u was equal
~ clear that the professional manipulation
for the rise had large success In attract
ing outside buying. There Is a class Of
professional operators who have been con-
fdent for some time past thas there was
a large waiting public which could be in
duced 10 buy stocks by any upward move
ment OF prices. To-day's market seemed
TO Justify their confidence. with the ex-
ceptions above noted the strength OF the
market was very general and trading was
very broadly distributed Special points
Of strength we're Atchisou preferred and
The Changers and SouthweSterns general
ly Northern Pacific south@n Pacific and
Manhattan with the Other local traction
stocks following in sympathy.
The acsvity In che stock market seems
20 indicate an expansion OF loans, But
loans on the Stock Exchange have come
largely from the trust companies. which
drew on their bank deposits 20 secure the
funds There Is thus "a possibility OF
shriukage IN the deposits and consequent
~ IN reserve requirements which Will b.
90 the advantage OF the surplus.
The bond market was considerably more
active and there were some large gains
Total sales, par value, t2.725.Oo
United States new IS advanced 4 per
cent. on the last call.
Total sales Of stocks to-day were $751;
shares. including: AtchisoR. ssiG do pre-
ferred. $3.50; Baltimore and Ohio. 1850:
Chesapeake and Ohio. 500: Chicago Bur
lington and quincy. SOS; Chicago. Rock
Island md Pacific. 1870; Louisville afsi
Nashville. 52O. Manhattan. % $50: Metro
politan. $500 Missouri Pacific. y $50. Mis-
souri,, Kansas and Texas preferred. 600
Norfolk and Western u SIS. Northern Pa
cihc. g 100. Pennsylvania. n .500. 81. Paul
1000. Southern Pacific. 1900. Southern
Railway. 74oo: do preferred. 600: Union
Pacific l5.59o; American Steel Hoop. $500;
American Steel and Wire -. rs: American
Tobacco. 1855; Anaconda Mining. $50.
Brooklyn Transit, t06t5: Continental To-
hacco s.7i2: Federal Steel. 1850 Peoples
Gas 1870: Sugar. 29.l5l. United States
Leather. S7.ie5