Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-29

NEW ORLEANS, sept. 2S.-EXchange-ban
ers' sterling So.
NEW YORK, Sept. 2S.-Excnange, "a s2l{
Money POOP per cent. Sub-Treasury bal
ances-COIn, Sill, 926,000; currency, $6,779,OOO.
Government bonds generally strong; four and
half per cents, ia; four per cents, l2lI6;
three per cents. lOl1 2 bid. State bonds irregri-
lar.
stocks opened firm and generally fraction
higher than last nights closing. In the first
sales, however, Denver weakened. selling
down to 2t}z Il decline of l3s per cent. Other
active shares fell OFF slightly in sympathy
Before the first call there was a good buying
for both accounts, and sharp rise of lob
per cent took place, the whole list partici-
pating in the improvement. Northern Pacific
preferred advanced IL per cent. to 673I, COM
mon = per cent. to S6z2, Oregon TranscOnti-
mental j per cent. to 5634, Western Union =
per cent. to sos. Union Pacific per cent. TO
500, Canada Pacific % per cent to 575s,
Lackawanna = per cent. to 1928. Louis
vile and Nashville l per cent. to 5I3s
Missouri Pacific g per cent. to $751;. AboIIt
l 80 a. m. the market became feverish there
being disposition to take profits This
eXerted an unfayOrable influence, and prices
declined until near ! p m, when Wizards
broke to 66l4 for Northern Pacific preferred,
to 3512 for ditto common, and 5514 for Oregon
TranscOntinental. Lack of support to these
stocks caused some short selling of others of
the list. and during the closing hours of busl-
ness the market was weak. Between , and 3
p. IN. there was slight rally, but in the final
dealings the improvement was lost. and the
decline for the day ranged from 15CG234 per
cent, Wizards leading. Northern Pacific
fell OFF l34 per cent. to 653s Oregon Trans
continental rs per cent. to 543s, Western
Union l per cent. to 1915. Union Pacific
IA per cent. to S914, Northwest l per cent
to 1853. Lackawanna 3 per cent. to I2l15,
Louisville and Nashville rs per cent. to 5014
Michigan Central l per cent. to 1924. The
weakness in Western Union late in the dav
was due to the decision ordering the company
to pay back taxes to the State to the amount
of 1926, 600. The financial plans of the Denver
and Rio Grande were promulgated this after
noon, and proved to be substantially the same
as that already made public. 1t was stated
at a late hour that Gould and Willard had
conference this afternoon, when the affairs of
the Northern Pacific were discussed 1t was
asserted that the conference had been
held at the Offices of DreXel,
Morgan & Co., and that negotiations
had been perfected for loans to the amount of
$l5,000,0 600 to the company on debenture bouds
or some other security. The belief obtains in
usually well-infOrmed quarters that the plan
of action has been fully developed. and will
be made public when the parties interested
feel so disposed. Compared with last nights
closing, prices were 14013s pet cent. lower,
except for Chicago, Burlington and Quincy
Omaha common and preferred, which were
sou per cent. higher. In specialtes Rich
mOnd and Danville rose / per cent to $751;.
Cleveland, Columbus, Cincinnati and Indf-
annapolis l3I per cent. to 6l34. Transactions
aggregated $4,000 shares, at the following