davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
NEW ORLEANS COTTON MARKET.


New Orleans, June BON more favor
able Liverpool advices the market
here opened one to three points
higher with some buying on bet
ter trade reports from the east, but the
foreign market showing signs of easiness
and the weather map indicating practical
ly dry in the Atlantic, the improvement
was host and 2 to 3 points decline estab-
lished on reports of rains in Arkansas
and showers in North Texas. The wealth
er points in Texas reporting rains were
Denison, Paris, Fl. Worth Dallas and
not known, although it induced some
selling as it Is feared the rains might ex-
tend further into the state.
The movement at both ports and the
four leading interior towns continues on a
gigantic scale, with no signs of exhaus-
ton, indicating crop considerably larger
than anybody dreamed. Talk of manipu-
lation in July contracts in New York still
hangs over the market as a menace to
sellers, and an opinion regarding same is
utterly valueless, as the clique disregards
entirely all laws of supply and demand.
Spot cottous are dull and difficult of
sale, even at CONCESSIONS 1t looks as If
holders would be forced to deliver on con-
tracts in New York, in absence of any
great export demand New crop months
will be guided in their fluctuations by
weather conditions almost entirely.
Should general rains occur west of the
Mississippi river we do not think prices
could be maintained, as there is little or
no short interest to take care of the SELL
ing which would be induced thereby.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
TRADE AND FINANCE
SPIRITS OPEN FIRM AT 34I5 AND AID
VANCE l+c, BEFORE CLOSING.
GOOD PRICES FOR RoSINs.
UNOFFICIAL REPORTS SHOW AD-
VANCE ON ALL GRADES.
The Cotton Market Firm and I'm
chanGed-T. o. b. Offerings Larger
Than for Past Several Days-LOcaI
and TeIegraphic Markets.
The Morning News Office,

The Morning News Office,
Thursday, June -.
Me upward turn that has marked the
spirits of turpentine market for the past
several days was continued to-day. The
market opened firm at yesterdays out
side closing figure, 341zc, and closed firm
at an advance of Nc. The opening sales
were 80, and the closing 75 After the
market had closed it was reported that
all offerings were taken, most of them on
the basis of the closing price. but some
as high as S5c.
The rosin market, too. displays unusual
strength. To-days official prices were
unchanged from those of yesterday, ex-
cept in the case of w. w, which became
fixed at 1926. After the close of the
market il was reported that there had
been offers for resins at an advance over
market quotations of 10 cents on l. and
higher grades, and &c on H aud lower
grades.
The cotton market closed firm and with
prices unchanged. The demand IN the
fob. branch continued good on a basis
of SI1c for good middling, and the offer
ings were freer than they have been for
several days.
York business was exceptionally light,
and the net results of fluctuations did not
materially favor either side. The follow
ing resume of the markets will show
their tone and quotations at the close to-
day:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

Rye flour quiet.
Corn meal firm.
Rye easy.
Barley steady.
Barley malt dull
Wheat-Spot weak; No. 2. red 77%c; OPP
tons were generally weak all day under
renewed liquidation, bearish crop news.
light export demand and short selling. A
number OF small rallies took place on
covering and Southwest buying but the
close was easy hmSsc net decline. July
76ssc' September, Hisc; October. Ttikc:
December, 759tc.
Corn-spot firm; No 2. 4sc; option mar
ket was firm and little higher on North
western buying. better cables. covering
and small receipts at Chicago. Closed firm
h03sc net higher: July. 475sc; September
4S7sc; October, iSAc.
oats-spot firm; No. 2 s2isc options
dull, but steady
Beef steady; beef hams s20.5Oa2l 50:
packet $40. 00Qi0.5O
Cut meats steady.
Lard steady; Western steamed 50 90; re-
fined steady; continent. $3.50; South Amer
lean, 50. Is; compound, sha7e.
Pork arm. ..
SIC.
Petroleum dun
Rosin nrmf stfdlned common 70 good.
nfs.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
Receipts and Stocks 1900 Oi.
COTTON FUTURES.
Room Bears Pound the Market Sew
erely.

Room Bears Pound the Market Sew
ereIy.
New York June 1s.--While there was a
'alr movement in cotton values to-day,
business was exceptionally light and the
met result Of fluctuations did not material
N favor either side. News was con-
netting and orders were not TO
va depended upon. Traders were
content to hold aloof for further incen-
Two from the South OF abroad, meanwhile
oeVoting attention 10 the quies evening
w OF old obligations. The market opened
urn unchanged TO points higher on de-
".snd from shorts, light Southern and
.'he buying for New England spinnerS
cunts. Gables we're signally better
,.an looked for. and for time sentiment
,a'ner favored bull market But before
~ o'clock dispatch from Fort Worth
Nlouneing that showers TO fair rains had
.'H"n In Northern Texas this morning,
1.u'rmined several large amounts Of July
'on and created distruat among later
-.AeiH' Room bears pounded the mar
''' severely during the rest Of the fore
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
LIVERPOOL COTTON MARKET

Liverpool, June 19.-Cotton: Spot, in
creased demand; prices unchanged; Amer
lean middling, 2S-32d. The sales of the
day were 10000 bales, of which 1000 were
for speculation and export and included
$500 American. Receipts 1000 bales all
American.
Futures opened quiet and closed bare
~ steady; American middlng, low mid
ding clause: June. 4.3ld. buyers; June
July 4.30d, buyers; July-August, 1850
43od, sellers; August+September 424d,
buyers; September, 4.24d, buyers: Octo.
Der, g.o.e., 4.OSd4 .O9d, buyers; October
November, 405a4 O6d, buyers November
December, 40Sd4 old, sellers; December
January, 4.O3Q4 DAD, sellers; January-Feb-
ruary, 4.04d, sellers.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
Hubbard BROS. 4 Co... Cotton Letter.

New York, June 19.-The foreign mar
kets showed a better tone this morning
based on better demand from Manches-
ter on the crop report of yesterday. These
advices caused a rather better market
which was slowly lost on offerings of
July, and on selling orders from Northern
Texas where showers have fallen over
limited area. At the decline the transac-
tions became small. Our local trade are
disposed to buy on concessions on the
better trade reports coming from the
goods market. Fall River reports addi-
tional sales of goods at prices which show
a loss on the original transactions, but
which Lead them to expect better bust
ness. Weather conditions for the crop are
now favorable, but the temper is to avoid
the short side.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
NAVAL STORES.

Wednesday, June 10.
SPIRITS-The turpentine market opened
firm al 34lbc, with sales of $40, and closed
firm at 34%c, with sales of Is. After the
close of the market most offerings were
cleared up at the outside figure, though
some. it was reported, went for S5c. The
days receipts were 1904. No exports were
reported.
ROSINS-The rosin market opened firm
and with no change from yesterday s
prices except in w. w, which became
fixed on the outside price of the day be-
fore. $325 The sales were l.44i. The
market closed firm and unchanged.
THE receipts were 2,9l6, and the exports
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

noon. From sac July broke to s15c, and
from 7S7c October declined to 7Slc. Dur
ing the noon hour there was a slight
tendency toward reaction, but in the abb
sence of important new business the i'm
provement was very small For the rest
OF the day the market worked within a
narrow rut and no concerted effort was
made to move prices either way. While
New Orleans was a heavy seller here on
the forenoon decline. the August option
IN the South continued to hold its alb
normal position of 5 points above the mar
ket for August here. Closed quiet and
steady, net unchanged to points lower
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
DRY GOODS.

New York June 19.-The demand for
print cloths continues good, and wide
makes have advanced further sixteenth.
Brown sheetings and drills are very firm
and tending upward. Bleached cottons
in good request at new prices. Denims
are advancing and other coarse colored
cottons firm. Prints in good request
Staple Ginghams Nc higher. Wooden and
worsted goods firm with more doing.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

lard, Use; neatsfoot, 6oQ75c; machinery. 1s
q25c; linseed oil, raw, 641sc; boiled, 6sikc;
kerosene, prime white 1910; water white,
13c: Pratt's astral, lie; deodorized stove
gasoline, drums, 1ltsc; empty oil barrels,
delivered, Soc.
sHOT-Drop, N.45; B. B. and large.
81 10: chilled, $40.
IRON-Market steady; refined, &c;
6wede, SIC.
NAILs-cut. s235 base; wire. s2.7o base.
BARRED WIRE-s3.50 per 100 pounds
GUNPOWDER-Per keg, Austin crack
shot. 81: half kegs, s2.25; quarter kegs,
1925; champion ducking quarter kegs,
$2.25; Austin smokeless. half kegs ys45;
quarter. 1870; three pound $40: one
pound. 75e; less 20 per cent.
Cotton Bsgging and Ties.
BAGGlNG-Market firm; jute, 2z
pounds. TIC; 2 pounds. TIC; IA pounds,
6ssc; sea island bsgging, 121sc.
TIES-standard 45-pound arrow large
lots, $1.05
Bacon, Hams and Lard.
BACoN-Market firm; ID. 8. c. n.
sides. 9h; d. 8. bellies, s4c CEastern), ac-
according to average size; D. s. bellies,
9Mc (Western); smoked G.. X. sides, eAc
HAMS-Sugar cured. llAqlzc.
LARD-Pure, In tierces, 9lkc; in 90
pound tins and s0-pound tubs. 9Ac; com
pound. in tierces, 7lsc; 5O-pound tins, and
s0-pound tubs, TIC.
Miscellaneous.
FISH-Mackerel. hslf-barres. No. /,
81. No. 2, 1913; No. g. 1913; kits, No.
l. 81 rs; No. 2, s1.l0; No. 3. 90c Goldfish.
1-pound bricks, &c; 2-pound bricks, SIC:
smoked herrings. per box, 1sq2Oc; Dutch
herring in kegs, 81; new mullets. half
barrels, 1915.
SYRUP-Market quiet; Georgia and
Florida syrup, buying al 2sd3Oc; selling
at 32ikn35e; sugar house at 10115c.
HONEY-Fair demand; strained, I'm
barrels, $4,000 gallon.
High wines, basis $l.T
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
COTTON.

The cotton market closed firm and I'M
changed, with sales from factors tables
of 40 bales. The. receipts were sos bales,
against none last year. and 1928 year
before last.
In the fob. market there continues a
good demand on a basis of S1ac for good
middlng. The offerings were larger than
has been the case for the past few days.
The New York cotton futures market
opened firm, unchanged to points high
er, and closed quiet and steady, net.
unchanged to points lower.
The following were the official spot quo
tations at the close of the market at the
Cotton Exchange TODAY
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
FINANCIAL.
MONEY-Money, easy.
NOD ETDNf ~DUr,nxe

MONEY-Money, easy.
FOREIGN MARKETS-Market easy
Commercial demand, $s7%; sixty days.
A.S5ss; ninety days, &.S4; francs, Paris
and Havre, sixty days, $5.lsA; Swiss,
sixty days, S.21; Belgian, $5203s; marks
sixty days, "a 1916; ninety days, "a 9-1s
DOMESTIC EXCHANGE - Steady;
banks are buying at lie discount and
selling as follows: SIS and under 10c pre-
MUM; $25 to $50, 15c premium; $50 to $780,
zoe premium; 500 to $500, 25c premium;
500 to $1,000, Is premium; $1,000 and over,
Use per M.
SECUR1TIES-Centra Incomes and
Southwestern r. r. stock in fair demand
with very limited offerings.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
MONEY MARKET.

New York, June 19.-Money on call
steady, 3zd41s per cent, last loan, 81
per cent, ruling rate 4 per cent. Prime
mercantile paper, 3s4@4Is per cent. Ster-
ling exchange steadier, with actual bust
ness in bankers bills, at s4.Ss for de-
nTand, and at .s5ss for sixty days. Post
ed rates, 1851 and A.s9. Commercial
bills, A.s42lG4.s5. Silver certificates NOM
inaIly,' 60c. Bar silver, 5siac. Mexican
dollars 7kc. Government bonds steady:
state bonds inactive; railroad bonds irreg-
ular.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
FINANCIAL.
oLDRsTi
annGT

Money will earn big monthly returns.
The investors fund pays semi-monthly.
shs Oldest established In American. No
esrtlheate holder has ever lost cent.
Paymsnts made 10 all subscribers every
rs days. No trouble. No delay Money re-
funded on demand. Write to-day for par
ticulars. free 10 any address
c. n. MAcKEY A Co,
Hudson BUILDING New York,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
OCEAN FREIGHTs.

OTTON-Savannah to Boston, per
cwt.. 25c to New York. per cwt., zoe To
Philadelphia, per bale, 81; Baltimore, 81.
FOREIGN DIRECT-Bremen, 30c; Ham
burg, 30c. Rotterdam. SOC.
NDIRECT-Liverpool via Baltimore
55c; via New York, 30c; Hamburg, zoe
Antwerp 3sc; Reval, 81. Petersburg aud
Gothenberg, SOC: Genoa &c
LUMBER-By 6aii-Freights dull: IA
Baltimore, 81 90; 10 Philadelphia N.25; 10
New York, &4.50U4.75 per M.
LUMBER--By Steam,-savannah 10 Bal
timore. S. to p. r.. II. or B. and o. docks
$50; 70 Philadelphia, 1896 per cwt, 4
pounds to fooD; to New York. IS. 90 per
NJ. 10 dock; lightered ss.25; to Boston
10 dock. 500.
NAVAL SToREs-The market Is Arm
medium size vessels Rosln--Cork, Tor or,
ders. 81 ID per barrel OF $40 pounds. and
per cent. primage, Spirits, ~ % per Il
gallons gross, aud 8 per cent. primage
Large vessels rosln. 81. spirits. Is "a
Steam, lie per 100 pounds OF rosln. 2iX,
on spirits Savannah 70 Boston, and sif,
on rosin and isc ON spirits 20 New York
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

sSc. Rosin firm, B, c. 800; D, S1.05; q,
S,10; T, S.15; G, $l.2O; II, $3.50; I, sl.45:
K, .s1.7o; NJ, 1920; N, $3.50; w G, $3.50; w
". $500.
Wilmington, June 19.-Spirits turpentine
firm. SSisqS4c; receipts 10s. Rosin firm,
95cqsl.00; receipts 559. Crude turpentine
steady. s1.1Oa2. 10; receipts 1O1. Tar firm,
$3.50; receipts 81.
New Orleans, June 19.-Receipts: Rosin,
$50 barrels; turpentine. 215.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
SEA ISLAND COTTON.

Owing to the small unsold stock of sea
island cotton, the Morning News discon-
nnues its quotations until the opening of
the sea- son.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
| This Last
day. year.


Daily Cotton Market
Enthusiastically; middlng, Lice; net
receipts, 1853; gross 1853; sales, $50;
stock, S,607
Norfolk-Steady; middhng, s1-16c net
receipts, s4s; gross, 34s: sales. 70; stock,
1854 Exports-Coastwise, SIT
Baltimore-Nominal; middling, $3.50;
ret receipts, -; sales, $50; stock, 1897
Boston-Steady; middling, S1kc; net re-
ceipts, 25l; gross, 576.
Wilmington-Firm; middling, TIC; net
receipts, 20; gross 20; stock. 1888.
lphia-Quiet; middling, S11-16c;
net receipts, 81: gross, 81; stock, S1S7.
xports-Coastwise, 800.
New Orleans-Quiet and easy; middling,
SIC; net receipts, 1854; gross, 9117; sales,
500; stock, 11S,6N. Exports-Coastwise, 8,
OO0
Mobile-Nominal; middling, TIC; net re-
oeipts, 2o6; gross, 206; stock, 7,i17 Exports
-Coastwise, 213.
Memphis-Quiet; middling, Sc; net re-
ceipts, IS; gross, $40; sales, 1000; stock,
6O1sO
Augusta-Steady; middling, s 5-16c; net
receipts, 40; gross, 40; sales, $50; stock,
1887
Charleston-Firm middling, TIC; net re-
cetpts, 8; gross, s; stock, 1894.
Cincinnati--Quiet; middling, TIC; net re-
oelpts, Sl2; gross, 312; sales, 50; stock, g.
262
Louisville-Firm middling, sac.
St. Louis-steady; middling, Sc; net re-
ceipts, II; gross, LAG; sales, l0S; stock, IS,
$50
Houston-Steady; midding, Sc; net re.
ceipts, 2,752; gross, 2,752; sales, 1O4; stock,
$685.
New York-Quiet; middling, 7-16c; net
receipts, $50; gross, 5,402; sales, 1,246; stock,
1885. Exports-To Great Britain 2; to
the continent 16S.
Total To-day-Net receipts, 13,44; to
Great Britain, q to France, 6; to the con-
tnent, 1853; stock. 424659.
Consolidated-Net receipts, 37,43S; to
Great Britain, Il, 109; to the continent, g.
s07
Total Since Sept. met receipts, 7,1S3.-
~; to Great Britain. 2.S77. 90; to France,
NiS64; to the continent, 2,404.43S.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

Scr
noe %u NaT
=. " GEORGIA
(, :, - RYc0. Il
Schedule Effective June is. 1901.
Trains arrive at and depart from Gem
trai Station, West Broad, foot
of Liberty street.
Wth Meridian Time-One hour slower
than city time.
. Leave Arrive
savannah: Savannah:
Macon, Atlanta. Coving
IS 45amiton. Miledgeville, Ameri-lss O0pm
Gus, ALBANY and lnterme-
diate points.
''' $50 statesboro, stlIlmore, Bru-T
IS 45amIton, Millen and Augusta. So oOpm
Tybee Seashore Specially
Ee 3opm Bruton, Macon, Augusta ITO 2sam
and intermediate pointsl
Augusta. Macon, Atlanta
ATHENS. Montgomery Co
% oopmlumbus, Birmingham, Am "a ooam
erlcus. Albany Eufaulal
and Troy.
S. O0pm Dover and statesboro "a Sam
accommodation.
So OOpmIDover, statesboro, stiii-Isn scam
~. more and Bruton
$40 oopm Guyton accommodation ss oosm
BETWEEN SAVANNAH AND TYBEE.
Standard Goth meridian) time. one hour
slower than Savannah city time.
LEAVE SAVANNAH.
Daily except Sunday, 5:45 a. m, a.
M, 23O p. m, 400 p. m. 500 p. M, TAO
p. m.
Sundays only, 7:25 a. M, 900 a. M. Ii 90
a. m, 2:s0 p. m, 4:2O p. M, 500 p. m. 7;4o
D. No..
Daily. except Sunday, 500 a. m. TOO a.
M. 1000 a. M, sos p. m, 6:45 p. M. s;i6
p m.
Sundays only 500 a. M. s;15 a. M. 1900
g. m, 11i50 a. m., Sos D. m, 6;45 p m.
s;i5 p. m.
'Daily. sExcept Sunday. Sunday only
Connections made at terminal points
with all trains Northwest, West and
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon, Atlanta
and Birmingham.
Parlor cars on day trains between Sa-
yannah. Macon ana Atlanta.
For complete information. schedules.
rates and connections, apply to
w. @. BREWER, City Ticket and Pas
senger Agent, 107 Bull street, or
W. r. MCINTYRE. Depot Ticket Agent.
J. G. HALLE, General Passenger Agent.
Z. II. HINTON, Traffic Manager.
THEO. d. KLINE General Superin-
tendent Savannah. Ca.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
GRAINS. PRovrsIoNs. rrc.

New York. June i9-Flour quiet and
easier except on spring bakers
Minnesota patent Is siQf.ie
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
FLUCTUATIONS in FUTURES.

New York. June 19.-Cotton futures
opened firm and closed quiet and steady.
Prices as follows:
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
MURPHY & CO., ING.

Board of Trade Building. Savannah.
Private leased wires direct to New
York, Chicago and New Orleans
COTTON, STOCKS AND GRAIN.
New York Office, No 81 Broadway.
otlces in principal cities throughout
the South. Write for our Market Manual
ana book containing instruction for
traders
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
S0VQDl0D bQ1k Z Trust Go.
Capital $3.50, 600.

VIM. F. McCAULEY. Cashier.
S. l.. CLAY, Assistant Cashier.
A general banking and exchange busi-
ness transacted.
Savings Department, interest computed
quarterly
Accounts OF merchants, banks and cor
porations solicited.
american Express Company's letters Of
credit issued available in all parts of the
world
collections carefully made and promptly
accounted for
safety deposit boxes and storage vaults
for rent
Correspondence invited.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

S0nuHusa on lslEh'h PasA
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20
EARLY Vegetable
Brend.tuGs, Hay and Grain.

CABBAGE-Crates. $500
ONIoNS-E Egyptian, sacks, 800; crate
S.50
The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-06-20

Augusta, Macon, Atlsnta.l
| Athens, Montgomery, Co
| 3 Wpm lumbus, Birmingham. Am q 00am
| lerieus. Albany. EufaulaI
land TROY
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-05
WANT COLUMN BRANCH OFFICES:

CONGER BROS. Druggists,
Seloy avenue, corner ST. Adams; 400 Sell
by avenue, and $40 University avenue.
RICE STREET PHARMACY.
ALBERT w. BORK,
Corner Mississippi and Nash streets.
CAMPBELL BROS, Selby and Victoria,
s: H. REEVES, Druggist, Seven corners.
STRAIGHT BROSs Druggists.
ROndo and Grotto streets
A. T. GUERNSEY & SON, Druggists
PEOPLES PHARMACY,
1893 East Seventh street
E. B. ROLLINS. Druggist.
295 West Seventh street
SEVER WESLEY, Druggist,
Maria avenue and East Third street,
W. A. FROST & CO, Druggists,
Selby and Western avenues
WALTER NELSON. Druggist,
University avenue and Rice street
RIETZKE & CO, Druggists,
Selby and Western avenues
A. S u. SCHUMACHER, Druggists,
400 West Seventh street,
HOLCOMB & MAGNUSON,
YosTs PHARMACY, ''s fA'ne avenue
a. Dale and University.
67S Grand avenue, corner ST. Adams.
c. 7. HELLER. Colonnade.
J. P. JELINEK & CO.
A. A. CAMPBELL, west seventh street
Louis and Rondo streets.
w. K. COLLIER.
II. ]. MCALL. 4S3 Broadway.
DREIS' PHARMACY
- Ninth and ST. Peter.
GEORGE G. DAVENPORT,
1o11~ non-, S73 East Seventh street
2G1 Pavne ovan,,a
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-05
WEEK IN FINANCE.
STOCK Brokers Have Been Kent
PhenOmenaIIy Busv

PhenOmenalIy Busy.
NEW YORK, Jan. 4-Bradstreet's
nhahclal review tomorrow will saw: An
uIpauons of bull market at the end
oI the year and the beginning of the
new century were fully verified by the
STength and activity displayed on last
saturday and Monday, many prominent
stocks making new high record MICS
on those days. When the market re-
opened on Wednesday the upward move
ment continued with public building on
large scale, support and manipulation
nelng displayed in various parts of tn,
hst- Before the end of the day there
was however, slackening of the mar
kets progress and the realizing sales
became rather more prominent than
the bUylng, and prices consequently
eased Off somewhat. On Thursday tie
character of the market changed and re-
acuonary tendencies asserted them
selves in the early transactions. This
was due almost entirely to the advance
OF the Bank of England rate from 10
o per cent made necessary by the re-
auction of the institutions reserve to
2'42 per cent of its liability, the lowest
figures of the kind in a general copven
ton. On last Saturday the London
market suffered from the collapse of a
large mining promotion company the
London and Globe, which precipitated a
dozen or so of failures in the mining
stocks region of the London market and
was momentarily felt on this side It
o1d not, however, prevent London from
responding to the continued improve
ment on this side, and on Monday
Americans were the one strong feature
there, while the foreigners were buyers
In New York. Meantime, however bad
news about the situation in South Africa
depressed consols and the. unfavorab e
position of the Bank of England and of
the money market was becoming more
of factor. Consequently, when the
Bank Of England rate was advanced,
giving evidence that the position at
London was considered sufficiently Sc
rious to warrant a radical step, liquida-
ton of stocks on a heavy, large scale
set in at the British capital. Heavy
selling of our stocks for foreign account
at once unsettled the entire market. The
favorable New York bank statement of
last Saturday, the general belief that
further advances in prices We're immi-
nent and the freely circulated reports of
various deals and developments had in
the meantime resulted in a considera BILE
increase of speculative commitments
The market, in fact, gave evidence Of
an accumulation of weak speculative
holdings and though fresh buying and
support appeared at the concession on
Thursday, the professional element in
Wall street quickly developed a readi-
ness to work on the short side
Stocks were accordingly pressed for
sale by the bears and, though the for
eign selling. had slackened, the pressure
from this source caused considerabe
liquidation and dfsiodged many INSULT
GENTLY projected long holdings Of
stocks. In some Nses notably in
American Sugar. the breaks assumed a
severe form which had tendency to
still further unsettle the market.