Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-06
PROVISIONS. GROCERIES. ETC.
Evening Report.
FINANCIAL.

NEW ORLEANS, Oct. 5.-EXchange-
ers sterling 81 81.
NEW YORK, Oct. 5.-Exchange, 81 SIl5.
Money 2sG3 per cent. Sub-Treasury balances
Com, $ll4,O94,00O; currency, $6.90l,O0O. Gov
ernment bonds strong; four and a half per
cents, III; four per cents, l2034; three per
cents. 1905. State bonds dull.
Speculation opened strong and higher, with
an advance of tdlli per cent in prices, Vii
lards showing the greatest improvement. Be
fore 1880 O'Clock the most violent raid of the
year was made on Lackawanna. The stock
came down from 49, to ll1lf, which carried
about 100000 shares, changing hands on the
way down. This sharp drive was OccasiOned
by reports that the Delaware and Hudson
Canal Company had reduced its price for coal
to july figures. ,|e whole market weakened
under the severity'Of the attack. Northern
Pacific declined per cent. to BIS preferred
IA per cent. to j93f Oregon TranscOnt mental
III per cent. to 49, Union Pacific - per cent
to S6l ., Northwestern rs per cent to l2Il4
with the rest of the active list t(dI per cent.
After II Il. m the market was irregular but in
the main firm, prices generally showing an
improvement of AL per cent Northern
Pacific preferred leading. After midday il
was officially announced that the Delaware
and Hudson Canal Company had not reduced
rates as reported, ana that the early rumOrS
were due to the fact that the company had
been filling few Old contracts at July fig
urcs. This had little or no effect on the mar
ket. Later on the attack on coal stocks was
renewed with great vigOr, shares being forced
down TO the lowest point of the day. Lacka-
wanna fell of to ll67.. New Jersey Central
to ~, Delaware and Hudson to 1857, Reading
to 1895. Union Pacific also made the lowest
figures of the day at Sj7s. In the meantime
Wizards had been strong and were steadily
absorbed on the belief that the companies and
their friends had at length decided upOn
plan of action whereby the finances Of the
roads would be strai ghtened out. The buving
of the shares mentioned was of better char
acter than for long time past, and hand
some advance was established. Northern Pa
per cent. to 63l Z, Oregon TranscOntinental 20
per cent. to 5l34, Oregon Navigation 3 per
cent. to l24. sharp rally induced purchases
for the other list for both accounts. Lacka-
wanna rallied to ISL :, Delaware and Hudson
to 1867 4, Jersey to sos, and Reading to sos
The market left of very strong. Compared with
last night closing prices were 15(Gll2 per cent
higher for the general list, l14(G4 per cent.
higher for Wizards, and coal shares 3s(Gl1s per
cent The lower selling of the Union Pacific
was due to a rumOr that the company's earn
ings for last month show decrease of $780, OOO
and to a report that Gould and Sage would
enter the Northern Pacific directory In
specialties, Alton and Terre Haute declined
y per cent. to AZ ,, Boston Air Line preferred
y per cent to 500, Manhattan Elevated
firsts preferred, per cent. to 81, Milwaukee,
Lake Shore and Western preferred to 49,
Memphis and Charleston rose per cent to
Al. \ meeting of coal company represcn-
it is said that no reduction in
rates is now looked for. The
Northern Pacific Company has made appli-
cation to list S3,750000 general MORTGAGES
and the Reading to list $3,4j0, 900 deferred in
come bonds. The latter company in its
application, states that it will earn from to 6
per cent. on its share capital this year. Trans
actions on the Stock Exchange were heavier
than for some time past. The Directors of
the Northern Pacific Railroad meet to NOR
row, when some action will probably be
taken relative to the proposed new issue of
new bonds. Transactions 602, 900 shares. at
the following quotations: