Savannah morning news. [volume] (Savannah) 1868-1887, 1882-11-27
FINANCIAL.


FARIS, Nov p, 400 2. m.-Rentes. S0f soc.
LONDON. Nov. 2j.-The EcOn0mist of this
week says. The rate Of discount for bank
bills, sixty DAYS to three months is IS <0f37 ner
cent, and for trade bills, sixty DAYS to three
months, 44G43{ per cent. In spite of the re-
coyery IN consols, the stock markets have been
very gloomy. Home railways generally
relapsed. In Americans quite panic
was at one time visible Trade
prospects, the condition of the money
market and bad trat1ics contributed to pro
uuce adverse results. excepting in Americans
me closing prices of the week were not the
lowest, Denver and Rio Grande declined ST.
Wabash preferred 80, Wabash ordinary &
Central Pacific and Oregon and CaIifoTnia
preferred 80, Norfolk and Western and st
LOUIS and san Francisco preferred g. Lake
shore , Ohio and Mississippi 10 and Louis
vile and Nashville ! per cent"
NEW ORLEANS, Nov. 25.-EXchange-Ne
York sight, 81 to par per $1,000; bankers
sterling. 81 ~
NEW YORK, Nov. 25.-The weekly bank
statement Is as follows: Loans decreased
A,Sll,1O0; specie decreased, -. 49, 900: legal
tenders decreased.S 200; deposits decreased
S660i,30O; circulation decreased. $4,000: re-
serve decreased. Sl,l92,525. The banks now
hold S2,O4l 200 below legal requirements
NEW YORK, Nov. 25.-EXchange. 81 79I
Government bonds closed somewhat higher;
new i've per cents, l0ll .; four and half per.
cents, ll3; four per cents. llS7s: three Der
cents, 1919. Money. 6dS per cent; closed at
>. state bonds without feature.
Sub-Ireasury balances-t0n SOB, 1913, 600 90;
currency, S4,13g,000 90.
Speculation in the stock market to-day has
been irregular. During the morning the gen
cral tone was heavy, but in the afternoon
strong. and the result Of fluctuations shows
an Improvement ON yesterdays prices The
market open lzG24 per cent. lower. the
latter for Memphis and Charleston In the
early trade there was a decline and recovery
of sal per cent, Illinois Central leading in
both Instances, after which the market be-
came weak and about II 80 recorded a decline
ranging from 2(G234 per cent. Illinois Cen
tral. y. Paul, Minneapolis and Manitoba.
Union Pacific, Missouri and st. Paul being
prominent IN the downward movement while
Northwestern preferred dropped per cent. to
l45. There was then recovery of - per cent
IN Illinois Central and sGl per cent. in the re-
malnder of the list. the latter for Chicago
burlington and Quincy. succeeding which was
another depression of the market and shortly
after midday prices receded 4(d2 per cent
led by mon Pacific. which dropped to cas-
Illinois Central, Il. Paul and Missouri Pacific
After this. ON receipt of Secretary FolgeF'S
dispatch. the market became buOyant. Chica-
20. burlington and Quincy in the late trade
selling up 3f., st. Paul and Missouri Pacific
81 :. 81. Paul preferred 81 Northwestern 3,
and the remainder of the list Ia % per cent.
the latter for Mon Pacific. The advance was
here checked by reaction of .6gli- per cent.
the latter FOR 81. Paul. but the list again sold
up al per cent. and closed generally strong
at an advance on the day transactions of \
az per cent, the latter for Rock Island and
Colorado coal and iron. Memphis and Charles
ton and Union Pacific Is per cent. lower.