The Savannah morning news., 1901-09-12
------------------------
STOCKS AND BONDS.
The Market Restored to It's Position
Before Attempt to XIII President.

Before Attempt to Kill President.
y Ne WORK, Sept. 1.-THE organized
protection of the market by concert of
the financial powers was still in evil
dence to some extent to-day. There
was much realizing on all advances by
this element of holdings acquired on
Saturday and early this week in the
furtherance of the purpose to support
the market. This realizing was accom-
plished probably on a demand from
uncovered shorts. as there was no evil
dence of an outside interest in the mar
ket or of disposition to accumulate
stocks by large banking interests.
The position of the market is thus
restored approximately to that which
obtained before the attempt on the
Presidents life on Friday afternoon.
The purpose TO protect the market on
the part of the combined capitalists is
not changed, apparently, but there was
not the same effort made, to advance
prices or invited speculation. This is
the natural outgrowth of the relief by
selling to ,realizea that has already been
accomplished this week. and of the de-
sire to protect the. money market from
any inroads in the shape of loans for
speculative purposes The relapse of
the market into, INCREASING dullness
and the heaVineSs shown to-day can
probably be adequately accounted for
on these groundsyo1i -
There were alsehsome factors of pos
tive effect toward depression. The
reopening of the Presidents wound last
night. while it oecasioned no actual I'M
H. 4 -. n
sentiment in London and sales here
for London account had to be taken
care of on a considerable scale for the
first time in many days. The contra
diction of last nights rumors of steel
strike settlement resulted in reaction
of the United States Steel stocks and
the annual report of the Republic Iron
and Steel Company did not make an
encouraging showing of conditions re-
sulting from the years business. The
government crop report showed poor
er condition OF. corn than anticipated,
some spectators having looked for inn
provement over the Aug. l condition.
The effect of the treasury's proposals
FOR relief of the money market was
confined to surnise. as no statement
was forthcoming as to the amount of
bonds offered or the prices asked. There
were significant advances in the bid
prices of government bonds on CALL
which carried prices of all the govern
metn issues exceut the short As, M@1h
per cent. over the prices ruling before
the. Secretary's offer. Expectation is
not sanguine, in view of the quieter
state of the money and securities mar
kets, that bonds to the full amount of
$4,000, 900, invited by the Secretary, will
be offered before the limit of time ex-
pires, tomorrow afternoon, at prices
which will be accepted by the Secre-
tary. Sterling exchange also remained
fairly steady to-day. in spite of the
buying Of stocks here for London ac-
count and lowering Of discount rates
in London. Exchange on Paris show
ed yielding tendency.
Railroad bonds were dull and irreg-
ular. Total tales. par value, $1,785, 900.
United States. IS advanced u, the rs
and IS Il and the new As per cent. on
the last call. H..
The total sales Of stocks to- day were
49S, 900 shares. including; Atchison, 3D.
500; Baltimore and Ohio, 800: Chica-
go. Indianapolis and Louisville. $500;
Cleveland, Cincinnati. Chicago and ST.
Louis, 500; Erie. $4,000; Norfolk and
Western, $500; Pennsylvania, 1000;
Reading second preferred, $500; st.
Paul, $4,000; Southern Railway, $500;
Union Pacific, 1920; Amalgamated
Copper, S., 300; Brooklyn. $500: Repub-
lie Steel, 5000; Republic Steel prefer.
red, 1900; United States Steel, 42.900;
United States Steel preferred IA, S00