Savannah morning news. [volume] (Savannah) 1868-1887, 1883-08-15
Evening Report.
ETE


NEW ORLEANS, August 14.-Exchange quiet.
NEW YORK, August l.-Excnange, "a S2Z.
Money per cent. Sub-Treasury balances
Com, $lls,9sl,0 900; currency, s6.7s6.OOO. Gov
eminent bonds lower; four and half per
cents 1929; four per cents, 1lssz; three per
cents. 1881. state bonds dull.
The day opened in Wall street with a feeling
Of general distrust, which was heightened by
the announcement by the Gold and Stock Tele-
graph Company that the stock ticker wires
had been cut. For the greater part Of the
day majority Of the offices were without
quotations. In the first hour Of business there
was break in prices Of y TO IS per cent,
and as usual Of late, Oregon and
Irancsoniinental leu the decline. 1t
was reported about this time that
leading operator had settled
privately large line Of shorts on Northern
Pacific and Oregon and TranscOntinental
with a prominent banking house. As the
operator in question was instrumental in
causing the sharp break in these stocks il
was inferred that the worst had been seen,
and an advance Of / to 81 per cent. took
place. When the market was at the top
the failure of George WIN. BallOu q Co was
announced. and prices yielded I4(d2 per cent.
During the day 1890 shares of stock and S44.-
900 bOnds We're closed out for their account.
After IT became known that no more suspen-
siOns were likely, at least for the day, the ex-
cItement abated and the market became
frmer. About o'clock, however, West
ern Union was severely raided, breaking
TO 1Z54 against 1873 in the early
trading. The explanation given for the break
was that number of stop orders were in the
market, which thelbears discovered. Missouri
Pacific sold down rapidly from 95A
to %, and the remainder of the list
fell of in sympathy. After the bear pressure
was W. removed the market market moved
the undertOne much stronger
than was generally supposed. Western Union
rose ~ per cent. to 741s, and Missouri -
quently reacted to "A. As compared with last
nights closing, prices are 1ftgj3s per cent.
higher. Central Pacific. Northwest, St. Paul
Louisville and Nashville, Missouri Pacific,
Kansas and Texas, New York Central, Erie,
Oregon and TranscOntinental, Texas
Pacific and Wabash common being
prominent in the improvement. Chicago,
Baltimore and Ohio, New Jersey Central and
Western Union are to % per cent. lower
In specialties. Alton and Terre Haute rose
per cent. TO y, Alton and Terre Haute pre-
ferred b per cent, to 90, Cleveland, Column
bus, Cincinnati and indianapolis Ia per cent.
To 6l@4- Chicago. st. Louis and Pittsburg
~ per cent. To y, Chicago, st. Louis and
PIttsburg preferred u : per cent. to 40l9.
New York, Chicago and ST. Louis preferred
u per cent. To ~ !, Manitoba per cent. to
los, and Colorado coal J. per cent. to 81 p
Chesapeake and Ohio first preferred declined
, per cent. TO y. Long Island per cent. to 70,
Manhattan Beach per cent. TO IS, Manhat-
tan Elevated 49, per cent. to 3Sl ;, Minneap-
oils and ST. Louis p per cent. to 1917, Oregon
Navigation per cent. to 1873. san Fran
cisco preferred T., per cent. to Az and san
Francisco first preferred per cent. to SIS.
The sales aggregated, according to the official
list of the stock exchanges. 576,77O shares.
\ broker who did not leave the room all day
estimates them at fully 100000. Changes in
railway mortgages were more important than
for some time past. Iron Mountain general
dropped 1919 points TO 66; Oregon and Trans
continental first preferred to go; Den
yer and Rio Grande cOnsOls 80 TO S5l&:
and Denver and Rio Grande and Western II I
TO y. After the Exchange closed a number
of leading bankers expressed themselves as
f fec "a l.
datiOns which have been going on for some
time past have resulted IN putting the market
I ON a healthy basis, and already there are indi-
cations that the investment public, both here
and abroad, are purchasing. The reduction
in foreign exchange to-day was due to an in
creased supply of commercial bills. The fol-