Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-12


NEW YORK. Oct. u.-ENcnangc. 81 Sl34.
Money 2G2iz per cent. Sub-Trcasury balances
Com, Sllf,2t6.0J0; currency. S6.7S7.O O0. GOV-
crumeut bonds closed strong; four and half
per cents, llil-; four per cents, POS; three
ner cents. 1901 bid. State bonds quiet.
stocks were weak throughout the greater
part of the day. Al the opening there was
bear demonstration against SOuthweSterns.
\ statement was made that holders of Texas
Pacific incomes had employed counsel to as
~ert their rights under these bonds. Prices
fell OF slG5t per cent. for Gould shares and
ltlGl3- per cent. i'm other active stocks. Texas
Pacific was the greatest sufferer materially
and touched n q. Kansas and Texas sold
down IFS per cent. 10 PIP, Missouri Pacific
u * per cent 10 90. Canada Southern - per
cent. 20 rs Milwaukee and 1t. Paul ! per
cent. 90 ass. Northern Pacific Il per cent. 10
-. Oregon Tran>coutmental ] per cent. to
49, 4, Eric IS per cent. TO ~ 4, Michigan Cen
trail p per cent. to IA, Milwaukee and ST.
Paul n per cent. TO 9Sl2 Lake shore "a per
cent. TO 9>34. Lackawauna 3 per cent. to
ll6's. Northwestern u. per cent. to ll9. and
mon Pacific p per cent. 10 SOS. After this
decline the market continued weak. with I'M
Important rallies till p. M. when "a fair
buying movement set IN and prices hardened.
Wizards, Union Pacific. Reading and Jersey
Central were all i'm good demand. and an adj
vance of l0l'- per cent. took place. North
cm Pacific preferred moved up to 6il5. Canada
Southern To so ., Jersey Central 10 SD, Mich
igan Central To 1Sii, New \ ork Central to
ll4f.. Erie 10 DOL. Central Pacific to 6jl9 and
Western Union 10 1875. These were all the
hest Of the day. shortly before the close Den
yer. Oregon Transcontincntal, Texas Pacific
and Kansas and Texas were heavy, the first
named selling down TO y .. the lowest point
touched. oregon TranscOntinental fell To
igi 1, Texas Pacific to 2l7., Kansas and Texas
- The list WAS firm, closing generally at
near the hest of the day. Short interest
continues large, and deliveries are
attended with difficulty. Many stocks
command a premium FOR use. out of town
owners Of stock held here have instructed
II
the reports current was one which gained
credeuce 10 the effect that large blocks OF
Wabash. Texas Pacific, and Kansas and Texas
had been transferred into GOuld's name. ON
railway mortgages trading was principally
m West shore and Buffalo iirSts and Texas
Pacific incomes. The former, after advanc-
ing To -. reacted to a.. and closed at 773{.
Room traders were the chief traders and for
eIgu bankers the principal buyers. Trans
actions m West shore trsts aggregd-
ted S9iS,u0O- Texas Pacific incomes huc-
tuated between iE4N50ie. Thche were
dealt i'm 10 the extent of S0S.00O.
Changes ia spccialtics We're more important
than for a long time past. Long Island drop
ped 10 63la on offerings of about 1000 shares.
There was no support given the stock, which
closed at 65ls. The last previously reported
sales before to-day was at 20. Louisville, New
Albany and Chicago fell OF 49, per cent. to
BIZ American Gable declined per cent. 10
63. Cleveland, Columbus. Cincinnati and In
dianapOlis u per cent. 10 s., Norfolk and
Western ) per cent. To 80, Richmond and Al
lCghpuy p per cent. TO 4l,5. and Colorado Coal
per cent. To 70. Richmond and DanVllle sold
down from - 20 IS for regulars and y. sellers
Z to go, and closed al %. Compared with last
night 81 re prices were down t'Gl3s per
cent. Tor >outhwcstcrns. Denver. Northern
| Pacific Common. Oregon Transcoutinental
ami Omaha. while Northern Pacific preferred.
Western Union, Central Pacific. Michigan
central jersey central and Reading were / !
"a per cent. higher Transactions .tSfi sos
shares. al the following ouotatIop.-..