The Savannah morning news., 1900-11-29
STOCKS AND nONDs.
The Market Dull mud Heavy Through
out the Day


New York. Nov 2S-To-day's stock
market was The dullest since Monday pre-
ceding the election. There were no deal
ings 81 any considerable scale and the
movement Of prices was sluggish aud ir-
regular and not important The market
narrowed very considerably also. the nlm-
Der 81 different stocks dealt in being
smaller than Tor many DAYS past.
II Is not improDable that to-morrow's
holiday prompted the curtailmont Of spec
uiativc ventures The dealings we're left
very largely IN the hands Of room traders
and the larger interests and the public
were apparently out OF the market en-
ursly There was no great pressure OF
liquidation. but when any considerable
volume Of stocks was offered there was
not sufficient demand TO sutain the price
on the other hand even a small demand
was sufficient 20 effect considerable ad-
vance In price. as tho seliing orders In the
market were also on very small scale.
The market was very generally heavy Ia
the .arlier part OF the day. largely from
tho influence OF weakness IN the London
market The disclosures through yester-
days London settlement OF n long account
Ia Americans interpreted as weakening
the te hulcal position OF this market and
the growing tightness OF money In Lon
New York may have to absorb consider
able speculative liquidation from that CEN
ter. In fact the selling FOR london account
to-day was estimated as high as 1900
shares on balance.
our own money market continues IN
rlfled. call loans rate falling away a
shade in spite OF the continued absorption
OF funds on sub-treasury operations and
the postponement Of the return flow Of
the funds from the interior. The recent
daily average transfer Of 10000 to S2oo.-
GO TO New Orleans was supplemented by
the transfer o. $4,000 20 Chicago through
the sub-treasury to-day. II the activity Of
interior business s. 10 make new demands
on New York for currency q may upset
calculations over the future OF the money
market This may have prompted some
% tho dissemination 10 deal In stocks. The
early heaviness OF the market gave way
quite generally 10 a recovery In the late
dealings after London had ceased selling.
Probably covering by shorts around the
room was q factor IN this movement. The
gains were not oil retained 70 the close
which was moderately active and irregu-
lar A number 81 October statements OF
net earnings Of railroad companies were
published during the day. which were ia
vorable with the exception OF the Reading
company The net earnings OF this com
pauy for October were sl.252,oe6 less than
for October Of last year. as a result OF the
miners strike This did not prevent the
stock rising over yesterday, but u became
heavy later in the day. Amalgamated
Copper continued 70 show weakness sup
posed 70 be- on account Of apprehsnsions
OF unfavorable legislation In Montana.
The new Chicago and Alton stocks we're
largely bought at advances Of ~ and IN
for tho common and preferred respect
lively. The rubber stocks we're notably
weak. but recovered part OF their losses
The bond market was quite active, and
Welded IN spots. Total sales par value,
si.0S5 90.
Trnitea states bonds were an unchanged
on last cali
The total sales Of stocks to-day were
eOa, 80 shares. including Atehison common,