Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-05
Evening Report.

PARIS. oct. THE weekly statement Of
the Bank of France shows a decrease OF
I.S5O,O0O francs in gold and 2,525,00O francs
LONDoN, Oct. 4.-The weekly statement
of the Bank of England shows decrease in
specie during the past week of E60G.000.
The proportion of Bank of England reserve
to liability, which last week was 479s per
cent, Is now IS l5-l6 per cent.
HAVANA, Oct. 4--Spanlsh gold. 2l234
Exchange firm; ON the United states. 90 days
sight, gold, 9lG9l2 premium; ditto short sight,
9l@Gl0l2 premium; on London, 49, 1920 pre-
MUM.
NEw ORLEANS, oct. i.-Exchange-bank-
ers' sterling 4 S2.G4 S212.
NEW YORK. oct. 4.-ENchauge. 81 SII%.
Money 3G2 per cent. Sub-Trcasury balances
Com, Sill. 10000; currency. T.O24O0B- GOV-
eminent bonds irregular; four and half per
cents, li.@4: four per cents, l20; three per
cents. l0O3i. State bonds dull.
The stock market opened a fraction lower.
then advanced sfd's per cent, the latter for
Oregon Transcontlnental. Before 1880 the
Improvement was lost, and the bears again
had control Of round amounts of Willard,
which were offered, causing break of 4G2la
per cent. In these specialtles Northern Pacific
dropped from BIZ TO 303t. preferred to 573 .
and Oregon TranscOntinental 1875 tO4N The
rest of the active list sympathiZed but
slightly with these shares. declining only
l4tdS4 per cent. except Omaha pre-
ferred. which broke l34 per cent to 96l
Near II a. m. Lackawanna received strong
support, fully 10000 shares being taken at
( about l20G l203s. This stemmed the decline
and caused rally of t'dlla per cent, in
which Oregon TTanscOntnental was most con-
spicuOus, selling up to -. Northern Pacific
recovered to Sl3S. preferred to 80, the others
= TO ? per cent. From this time until near
II 80 the market was quiet and almost
DUH. About that time there was a report that
the leaders are in conference to devise means
To end the bear raids. simultaneously the
. sharpest drive of the day made on
the shares, particularly Manitoba, Oregon
Navigation and Northwest. The former
a.
Navigation 2ls per cent. TO 1872. Northwest
west rs per cent. 10 l20St. shares
not attacked by bears declined but a little,
about l4Gl per cent. Toward the close q
much better feeling prevailed, and the bears
showed some disposition TO take profits. Under
tins process an advance Of 2G3l4 per cent.
was established, with great activity on the
way up. The underlying cause Of the sharp
recovery was the reported conference of
Gould and Willard, already alluded to. IL
was currently stated that these capitalists
and two or more prominent banking houses
had agreed To take "a certain amount of the
bonds TO he issued by the Northern Pacific
Company, the proceeds Of which viii be
debt and providing the company with
money 10 thoroughly equip the lines. Ii was
also reported that a portion of the bonds had
been taken for European account. still an
other rumOr current was to the effect that
Gould and sage would enter the Oregon
IranscOntlnental directory W lille these ru
mors could not be ofhclally confirmed, there
was apparently good ground for believing
that deal in Northern Pacific had been made
and that the purchases made by leading Ope-
ratOrs to-day were predicated upon the deal
IN question. In the late transactions North
ern Pacific rose to 32l 4 preferred TO 81, Oregon
TranscOntinental 10 4gl5, Northern to l22A.
St Paul 10 1917, Louisville and Nash
vile to 1875. Lake shore to 99i5, Michigan
Central to Sll5, Jersey Central to II.
Manitoba 10 los. Union Pacific to S734. West
ern Union TO 50. Compared with last nights
closing some shares show an advance Of a.
per cent, the latter for Lackawanna. while
others were ilgts per cent. lower. except
Oregon Navigation, which was down 80 per
cent. at I20. Western Union. Texas Pacific,
Wabash preferred, Omaha. Oregon TranscOn-
tinental, Chicago, Burlington and Quincy.
Canada Southern were unchanged. In spe-
ciaIties. Pullman broke I per cent. TO l24, and
rallied To l25. Alton and Terre Haute de-
clined per cent. to IS, preferred per cent. to
50. Rast Tennessee preferred per cent. to "a,
New York. Chicago and st. Louis preferred
= per cent. To Il. The feature of the day was
trading in sellers options. Oregon Navigation
sold l2lGl7la. Manitoba 1S34 1. seller go:
Pullman l26. seller 30. all ! and > per cent. be-
low the market. Transactions 520. 600 shares,
at the following quotations.