The Savannah morning news. (Savannah, Ga.) 1900-current, 1904-11-27

ago, remained year and then disap-
peared. They congested some Of the
big hotels and for many months the
Waldorf-Astoria was a continual re-
union of iron and steel men who had
sold out their plants 10 trusts and
combines and move to the metropolis
to spend their money and see high
life.
Times are now not so joyous as they
were formerly and the number OF Wis
itors of this class is not large, but a
good1y proportion of the original in
vaders are back smiling and buoyant.
They are not so prodigal In their ex-
penditures as before and freely con-
fess In most instances they were trim
med financially during the big slump
in stocks. They are game lot how
ever. and many are in a fair way TO
recoup their losses.
"Cnts and Dogs" in the Street.
"Cats and dogs" have been much in
evidence In Wall street lately. The
odds and ends have been footballed
about the arena with great energy. II
has become quite the habit for bob
tailed pools to take hold OF dormant
stocks and run them up s. 10 or is
points, create speculate excitement in
the stuff and then unload. leaving the
burden on the latest arrivals. Many
the ink and paper entering into their
construction, but gullible people in
great numbers are found who will pay
good money for them. There seems to
be no way Of getting rid Of these kind
Of securities once they are distributed
and they remain to affiict the market.
They are only heard OF In great bull
campaigns when everything on the list
moves mp. For twenty-three months
out of every twenty-four they are dead.
Money Lenders Raising Rates.
The money lenders are taking adj
vantage of eveuy circumstance to
raise their interest rates. Treasury
Withdrawals and gold shipments have
been the main excuse lately for putting
on the pressure, although much Is
made of the argument that later on
money will be very much dearer by
reason OF an enlarged demand for II in
the business expansion which every
body seems TO think VIII distinguish
the coming year. Borrowers became
so accustomed to and 2 per cent. call
money and and 4 per cent. time
money that anything above those fig
ures creates excitement and spasms OF
alarm among spectators.
Tho Leather CLIQUE.
The clique which has been running
a deal in Leather common Is showing
signs OF fatigue. In putting the price
up to SIS over 300 900 shares we're &c-
cumulated by the pool and the unpleas-
ant discovery is made that buyers are
scarce. Once before young Mr.. John
d. Rockefeller was caught with a huge
line of this stuff at the end of an I'M
fortunate campaign. The same young
man is supposed TO be behind the pres
ent movement. although he Is not alone
in the play this time. according to cur
| rent report.
The GugEenheims' Lead Interests.
The Guggenheims are energeticaIIy
pushing the construction Of their white
lead works IN Perth Amboy, N. J..
and Granite City, III, and will have
them completed IN a few months When
done these works will duplicate the
capacity Of the National Lead Com
pany. The rivalry between these two
concerns Is taking the form OF a BIT
ter trade war and specialists IN the
business look FOR a big slump IN Lead
shares. Negotiations for merger be-
tween National Lead and United States
Lead appear 10 be permanently on. al
though the infringement 81 the Ma
ti0nal sometime ago ai9nlned a willing
ness 10 enter Into a combination On
terms u had previously rejected, The
ouFFenheimg. however. had m the
meantime expended several hundred
thousand dollars on their new works
and refused 10 pay heed 70 oyerturos.