The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-08-07

steady improvement from the outset,
the occasional setbacks which We're
forced by realizations being quickly
overcome by a good demand for both
accounts and evidences of insider-sup-
port. London's attitude was regarded
with some interest but arbitrage oper-
atoms proved small and were without
Influence. News from the crop regions
was more encouraging and was supple
mented by the weekly government crop
report which indicated improved condi-
tons at important points.
The outlook for a large crop of
spring and winter wheat, in addition
to some exceptional railroad earnings
also helped to sustain prices. OF the
latter Southern Railway and Missouri
Pacific systems showed increases of
$11S.952 and S277 900, respectively, for
the fourth week in July. The gain for
the month of July in gross earnings
by the Great Northern of $415,710 indi-
Gated the volume of wheat which is now
being moved to the seaboard to meet
the heavy export demand and the
higher price of the cereal to-day
prompted a better demand for the
wheat carrying roads. st. Paul led this
division with a gain at one time of 2Ss
touching 1878. On the other hand Atch-
ison spurted up almost as much when
corn displayed continued heaviness.
Support was noticeable for stocks
which were especially weak yesterday,
these including the Eastern trunk lines,
Southwesterns, fractions and Pacifics
where improvements had been made of
from to 315 points. Sugar felt an early
| resumption of yesterdays weakness,
but after losing a point sold up 4. All
these gains were considerably reduced
during the late selling movement and
net gains were limited to fractions
Trading in the steel stocks was COM
paratively light and there were not
many large individual blocks. But {, 900
shares were dealt in at the opening at
gain of II per cent. The stock soon
yielded Is below yesterdays close, but
later on got Is above and ended I'M
changed for the day.
Pressure was noted against the pre-
ferred right from the start but after
yielding IS it got Il above yesterdays
final figures, and ended with loss of
g. Money rates ruled easy to-day, and
the chief feature of this department
was the debit of 81. S92, 1873 by the sub
treasury at the clearing house this
morning on account of drafts drawn
against gold deposited at the Pacific
coast points en- route from the KIon-
dixie. Foreign exchange rates were
firmer to-day, demand bills bringing
$4.S7A with the demand only moderate.
There was some talk of the likelihood
of gold exports to Germany later in
the week, which, IL made would be a
special transaction and have no bear
ing on current conditions. The closing
of the stock market was weak with
business increased in volume
Railroad bonds were QUIET to-day
and the price movement irregular. To-
tai sales par. value S1,075000. United
States bonds were adj unchanged on the
last call. ms
The total sales of stocks to-day were
$4,000 shares, including Atchison a.
400; Atchison preferred $500; Erie H.
400; Louisville and Nashville, s. 400;
Manhattan $500; Missouri Pacific. 5, ZOO:
Pennsylvania $500; Reading 1O, 500; do
second preferred $500; st. Paul II 600
Southern Pacific 27,T0O; Southern Rail
way 14,200; Union Pacific $4,000: Wa
bash preferred 100; Amaigamated
Copper $500; Brooklyn 5000; Sugar 30
$780, United States Steel 57,70o; do pre-
ferred 29.70O.