The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-07-15
STOCKS AND BONDS.
The Days Session Was Another of
Dizziness.


taching ia to-day's stock market was as
an example of dullness. In that respect
it was a true index of the speculative con-
dition which is one of entire uncertainty
and lack of conviction.
Even the professional traders who have
constituted themselves the champions of
certain stocks during the week were not
in evidence and only small trades between
the regular frequenters of the floor were
made al any time Offerings 10 sell made
unduiy large inroads on prices, because
no one stood ready 10 buy, and any de-
mand 10 buy caused rapid advance, be-
cause TO one was on hand to sell Most
of the board mem bers were out of town
for a holiday, confident that nothing that
could occur would induce any sudden ac-
tivity 10 develop. Some deSultory efforts
were made to advance Union Pacific by
making bids for the next dividend on a
specified number of shares al a higher
figure than the prevailing dividend rate.
But these efforts secured little attention.
The market was as a whole lower than
last night when the bank statement ep-
peared. There was some light buying TO
cover shorts. but the large increase in re
serves and in the surplus attracted even
less attention than did last weeks uneX-
pected decrease.
There was no explanation of the large
gain in cash and it was generally accept
ed as the working of the average system
in the rectifcation of last weeks unwar-
ranted show of a loss. The sterling ex-
change market was nominal, as usual on
a Saturday, but the posted rates for de-
mand sterling was advanced 12c in re-
Spouse to the rise in London discounts.
1t is pretty certain that these develop
ments foreshadow an advance in the
Bank of England minimum discount rate
and export of gold from New York next
week.
New York money lenders are anxious TO
place call loans on easy terms, but the
sitter rates demanded for longer periods
reflects feeling of uncertainty over the
future, which is doubtless due TO the ex-
traordinary conditions of the international
exchanges. 1t is evident that the uncer
tainty in the stock market is almost
great and outside of the professional op-
erations referred 10. there is little inter-
est in the market. With the reduction
of the short interest and the taking OF
profits the market has been reactionary
during the latter part of the week
Bonds have been very little traded in in
spite of the ease of money, and prices have
changed little in either direction.
United States refundng IS when issued.
and the IS advanced 4 and the old As Il
in the bid price
The total sales of stocks to-day were
16,l0o shares, including Atchison preferred,
$40; Burlington and Quincy, $500; Mis-
souri, Pacific, 5G00 Union Pacific, 1890.
New York Stock List.
Atchison ........ 25l5I Union Pac. -. 55H
do pref ....... SIS do pref ........ "A
Bait. & Ohio -. 74h Wabash .......... %
can. Pac. ..... SSSt do pref mann. 1917
Can. Sou. ...... As w. &, L. E. 80. 81
Ches & Oslo 273s do I'd pref -. 23Is
e. ct. w. ..... II Wise. Cen. 80. "A
Chi, B. & Q. ..124 Third Avenue 100
chi, l. & l.. 22A Adams Elk. Ills
do pref ........ SO American .......15}
Chi. e Il. l. =. 9j United States =. a
Chi. & NV. les Wells Fargo .123
c., r. I. & P. LOG Am. Cot Oil =. $40
c. c. c. e ST. do pref .......s IS
Louis .......... IS Am. Mailing 80. 81
Col. Sou. ...... 81 do pref ........ ~
do LIST pref q. 41itAm. S. & r. 36'4
do 20 pref 49,, 16L. do pref ........ $50
Del. & Hud. ...1lii2Am. Spirits -. !
b., l.. & w. .176 do pref ......" II
Den. & r. G.. .. 17as Am. Steel Hoop. 1873
do pref ...... 65i4 do pref mann. 6Ssi
Erie ............. 10A Am. Steel e. W. 32ls
do list pref 49,. 32A do pref ......... 70H
CT n. pref ,..l52l4 Am. Tin Plate. 20
Hooking Coal ;. 1914 do pref ......" Is
Hooking V. -. 3412 Am. Tobacco q
Illinois Cen. .117l2 do pref .....".l25
Iowa Cen. ...... 10 Ana. Min. Co S9is
do pref ....... Al Brook. r. T.. 53'S
K. c., P. & G.. 16 Col. f. & I...." 80
l.. e. & w. :. IS Cont. Tob. Pa
do pref ....... 90 do pref ..... TIA
Lake Shore ..21O Federal Steel %
l.. & n. ........ 72s4 do pref ....... 65
l.. .. S7ssl Gen. Elec. ...lSO
Met. St. Ry. 1904 Glucose Sugar 81
Mex. Cen. go. 1888 do pref .....,,. "
NJ. & st. l.. =. 54%lIntern. Paper .. 22's
do pref ....... 81 do pref amman %
Missouri Pac. :. 81 LaClede Gas go. -
Mobile & Ohio =. 81 Natl. Biscuit .. 2S's
NJ, *, e. r. =. 10Al do pref ......,, n
do pref ........ 31i4 Natl Lead ..... ~
n. j. Cen. ....125ai do pref IMAM. 70
n. Y. cen. .129l5i NAH. steel 49,. 23is
Nor & West $3.50 do pref ......,, So
do pref ...... 77A,N Y. A. B.'l5e
North. Pac. -. 49A4 North Am. ...' 70
do pref ....... 70jh Pacific Coast 80
Ont. & West :. 1914 do lst pref 80. s.
Ore, Ry. & NJ. AZ do Cd pref ... 81
do pref ......76 Pacific Mail 2s.
.12Ta, Peoples Gas -. 9Ss
....... II pressed Steel c. a
do LIST pref -. 50 do pref ......" 10
do ID pref -. 2Si5lPull. Pal. Car. ~,