The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-12-11
STOCKS AND BONDS.
The Market Closes Heavy at About
the Lowest.

inc Lowest.
New York, Dec. 10.-There was a
dearth of news in to-day's stock mar
ket, except such as had to do with
the personality of the operators and
the interests they were supposed to
represent. The well-dehned movements
of the. day, embracing the general mar
ket, were limited to the upward rush
OF prices at the opening and the sud
den relapse at the close.
During the greater part of the day
the market was sluggish and irregular
ana traVersed its narrow range of
prices a number of times in a totally
inconsequent and dubious manner. The
opening burst of strength was the nat
ural momentum of yesterdays late
strong recovery, belated bears rushing
to bush, but it soon became manifest
that the short interest had been much
reduced by yesterdays hurried cover
ing, and there was a strong disposition
manifested to extend commitments on
the long side. The eccentric course of
Amalgamated Copper threw the mar
ket into renewed confusion. After ris-
ing to TN there was open selling by
the brokers, whose buying had been a
strong influence in yesterdays rally in
usually acting for inside interests in
Amalgamated Copper. The consequence
was that that common stock commence
ed to sag again in an irregular way
until it reached &c. The price then
worked IT'S way upward, with OCCASION
al reactions, to a high level of 74%,
representing a recovery of over 10
points from Saturdays low level for
the stock.
he
fected by all of these fluctuations, but
only to a moderate extent, the effect
being more to discourage operations,
whether for the long or short account.
There were some individual points of
strength, notably in the VanderbiIts,
with large demand for New York Cen
trail, and number of less prominent
railroads and industrials. The tone Of
the money market was much quieter
during the day, and there seemed a
sufficient supply at 5h@6 per cent, but
late in the day belated borrowers
caused a furry to per cent by their
urgent efforts to cover their wants, and
the stock market made an immediate
response, the whole list dropping sud-
denly to the lowest of the day on
greatly increased trading. Amalga-
mated Copper fell back to 69h and
closed with a net loss of about a
point. st. Paul and Manhattan fell
away rapidly under the selling the
former losing 2%. There was no eff
fectual rally in the market and the
closing was heavy at about the lowest.
The heavy Withdrawals from the
money market by the government on
account of the surplus gives cause for
uneasiness, and there was general ex-
pectation during the day that the Sec
rotary of the Treasury would announce
the immediate payment of the govern
ment's January interest as a measure
of relief. The announcement of action
in this matter came too late to help
the market to-day.
The railroad bond market was irreg-
ular. Total sales, par value. s4,110.0OO.
United States bonds, all unchanged on
the last call.
Total sales of stocks to-day were 49,
800 shares, including Atchison, 5000;
Canada Southern, $500; Erie, 14.40O;
Louisville and Nashville, 7,400; Man
haitian, $500; Metropolitan, IL 300; Mis-
souri, Pacific, 24,700; New York Central,
is, 400; Pennsylvania, 1000; Reading,
$4,000; st. Paul, 81 500; Southern Pacific,
10.10O; Southern Railway, 10,400; Union
Pacific, $1,000; Amalgamated Copper,
$4,000; American Car and Foundry, 49,
400; Smelling, 5000; Anaconda Mining
Co., 1900; Brooklyn Transit, $500; Sug-
ar, 1900; United States Steel, 1890;
United States Steel preferred. 11,s0O.
No. Val aud Us.2