The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-10-10
STOCKS AND BONDS.
The Market Closes Irregular After
Fairly Active Session.

Fairly Active Session.
New York, Oct. 9.-The same doubt
and hesitation regarding the future
days stock market as in yesterdays.
Speculation was hstless and apathetic
and the sentiment of the small traders
whose operations made up the market
underwent many variations. Few ae-
tive stocks show net change of as
much as a point, even where the days
range was considerable.
The disposition was to close up con-
tracts both on the long and the short
side until the future course of prices
outlines itself more definitely. This ten
Gency was demonstrated in the re-
Spouse of Brooklyn Transit and of
Atchison to the specific developments
affecting them. The annual report of
Brooklyn Transit, which was published
after the closing of the market last
night was interpreted unfavorably in
all the current comment, especially in
the disclosure that the treasury bonds
had been sold during the year. Yet the
stock promptly advanced and resisted
an attempt on the part of the profess
sional traders to depress the price. The
stock advanced at one time ~, show
ing the most conspicuous strength in
the market. The increase in the Atchi-
son dividend rate, although confidently
predicted in some quarters had been
cenied with equal confidence in others.
In fact, the decision seems to have
been discussed and finally decided in
the meeting itself of the directors. The
attempt to advance the stock on the
l.
treme rise over last night reaching less
than point and the net gain only u
The doubt over the predicted advance
was due to the fact of the shortage in
the corn crop. Some of the other South
western railroads were offered down
Sharply as though to emphasize this
view. The estimate of the year S
wheat crop by an agricultural period
ical, placing it at a record figure and
at 100, 900, 900 bushels for Kansas alone,
was an opportune offset to this conten-
ton. The election of an additional
Standard Oil representative to the I'm
ion Pacific board of directors was a
verificat;on of another bull prediction.
But the bull party hesitated to take up
the speculation for an advance owing
TO the danger that money f1urries may
still intervene before the interior move
ment of currency terminates. Sterling
exchange was notably strong to-day on
active demand, demand sterling fairly
touching 81 Sc. This is more than a
cent in the pound sterling above the
gold import point. Sugar and Amalga-
mated Copper, which continued active,
drifted rather uncertainty, but with a
rather firm undertone. Norfolk and
Western was bid UP nearly points at
enc time on the assumption that re-
cent accumulation of the stock has
been for the account of Pennsylvania
railroad interests. The market closed
irregular.
There was sharp break In Wabash
debenture bonds. The market otherwise
was rather duh and irregular. Total
sales par value $3.50, 900.
United States bonds were all un-
changed on the last call.
The total sales of stocks to-day were
$4,000 shares, including Atchison 6S,-
700: Manhattan $500; Norfolk and
Western. 24,S00: st. Paul, 1880; South
ern Pacific, $500; Southern Railway, g.
800; Union Pacific, 1870; Wabash, g.
700; do preferred. $500; Amalgamated
Copper. $4,000; Brooklyn, 1870: Sugar
$4,000; United States Steel $500; do pre-
ferred $500.